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Restructuring Costs Restructuring Costs (Tables)

9 Months Ended

Sep. 30, 2018

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The components of the restructuring charges for the three and nine months ended September 30, 2018 and 2017 were as follows:

	Three Months Ended September 30,								Nine Months Ended September 30,
	2018				2017				2018				2017
Personnel-related costs (1)	$	3			$	1			$	20			$	7
Facility-related costs (2)	3				—				15				1
Internal use software impairment (3)	3				—				10				—
Other restructuring costs (4)	—				1				—				1
Total restructuring charges (5)	$	9			$	2			$	45			$	9

_______________

(1) Personnel-related costs consist of severance costs provided to employees who have been terminated and duplicate payroll costs during transition.

(2) Facility-related costs consist of costs associated with planned facility closures such as contract termination costs, lease payments, net of applicable sublease income, that will continue to be incurred under the contract for its remaining term without economic benefit to the Company, accelerated depreciation on asset disposals and other facility and employee relocation related costs.

(3) Internal use software impairment relates to development costs capitalized for a project that was determined to not meet the Company's strategic goals when analyzed by the Company's new leadership team. $7 million was recognized during the first quarter of 2018 and an additional $3 million was recognized during the third quarter of 2018.

(4) Other restructuring costs consist of costs related to professional fees, consulting fees and other costs associated with restructuring activities which are primarily included in the Corporate and Other business segment.

(5) The three and nine months ended September 30, 2018 includes $9 million and $43 million, respectively, of expense related to the Leadership Realignment and Other Restructuring Activities program and zero and $2 million, respectively, of expense related to the Business Optimization Initiative program.

Schedule of Restructuring Reserve by Type of Cost

The following is a reconciliation of the beginning and ending reserve balances for the restructuring program related to Leadership Realignment and Other Restructuring Activities:

	Personnel-related costs				Facility-related costs				Internal use software impairment				Total
Balance at December 31, 2017	$	—			$	—			$	—			$	—
Restructuring charges	20				13				10				43
Costs paid or otherwise settled	(15		)		(5		)		(10		)		(30		)
Balance at September 30, 2018	$	5			$	8			$	—			$	13

Schedule of Expected Restructuring Costs by Cost Type

The following table shows the total costs currently expected to be incurred by type of cost the restructuring program related to Leadership Realignment and Other Restructuring Activities:

	Total amount expected to be incurred				Amount incurred to date				Total amount remaining to be incurred
Personnel-related costs	$	31			$	20			$	11
Facility-related costs	20				13				7
Internal use software impairment	10				10				—
Total	$	61			$	43			$	18

Schedule of Expected Restructuring Costs by Business Segment

The following table shows the total costs currently expected to be incurred by reportable segment for the restructuring program related to Leadership Realignment and Other Restructuring Activities:

	Total amount expected to be incurred				Amount incurred to date				Total amount remaining to be incurred
Real Estate Franchise Services	$	3			$	3			$	—
Company Owned Real Estate Brokerage Services	36				28				8
Relocation Services	9				9				—
Title and Settlement Services	2				1				1
Corporate and Other	11				2				9
Total	$	61			$	43			$	18

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- Definition

Tabular disclosure of expected restructuring and related costs by business segment including expected costs to be incurred, the cumulative costs incurred as of the balance sheet date, and remaining costs to be incurred.

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Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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-Name Accounting Standards Codification
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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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