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Segment Information (Notes) | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The reportable segments presented below represent the Company’s operating segments for which separate financial information is available and which is utilized on a regular basis by its chief operating decision maker to assess performance and to allocate resources. In identifying its reportable segments, the Company also considers the nature of services provided by its operating segments. Management evaluates the operating results of each of its reportable segments based upon revenue and Operating EBITDA. Operating EBITDA is defined by us as net income (loss) before depreciation and amortization, interest expense, net (other than relocation services interest for securitization assets and securitization obligations) income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, losses on the early extinguishment of debt, asset impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets. The Company’s presentation of Operating EBITDA may not be comparable to similar measures used by other companies.
| Revenues (a) (b)
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Real Estate Franchise Services | $ | 820 |  |  | $ | 830 |  |  | $ | 781 |
Company Owned Real Estate Brokerage Services | 4,607 |  |  | 4,643 |  |  | 4,344 |
Relocation Services | 378 |  |  | 382 |  |  | 405 |
Title and Settlement Services | 580 |  |  | 570 |  |  | 573 |
Corporate and Other (c) | (306 | ) |  | (311 | ) |  | (293 | )
Total Company | $ | 6,079 |  |  | $ | 6,114 |  |  | $ | 5,810 |
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(a) | Transactions between segments are eliminated in consolidation. Revenues for the Real Estate Franchise Services segment include intercompany royalties and marketing fees paid by the Company Owned Real Estate Brokerage Services segment of $306 million, $311 million and $293 million for the years ended December 31, 2018, 2017 and 2016, respectively. Such amounts are eliminated through the Corporate and Other line.
(b) | Revenues for the Relocation Services segment include intercompany referral commissions paid by the Company Owned Real Estate Brokerage Services segment of $39 million, $40 million and $43 million for the years ended December 31, 2018, 2017 and 2016, respectively. Such amounts are recorded as contra-revenues by the Company Owned Real Estate Brokerage Services segment. There are no other material intersegment transactions.
(c) | Includes the elimination of transactions between segments.
Set forth in the tables below is a reconciliation of Net income to Operating EBITDA and Operating EBITDA presented by reportable segment for the years ended December 31, 2018, 2017 and 2016:
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Net income attributable to Realogy Holdings and Realogy Group | $ | 137 |  |  | $ | 431 |  |  | $ | 213 |
Income tax expense (benefit) (a) | 65 |  |  | (65 | ) |  | 144 |
Income before income taxes | 202 |  |  | 366 |  |  | 357 |
Add: Depreciation and amortization (b) | 197 |  |  | 201 |  |  | 202 |
Interest expense, net | 190 |  |  | 158 |  |  | 174 |
Restructuring costs, net (c) | 58 |  |  | 12 |  |  | 39 |
Former parent legacy cost (benefit) (d) | 4 |  |  | (10 | ) |  | (2 | )
Loss on the early extinguishment of debt (d) | 7 |  |  | 5 |  |  | — |
Operating EBITDA | $ | 658 |  |  | $ | 732 |  |  | $ | 770 |
| Operating EBITDA
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Real Estate Franchise Services | $ | 564 |  |  | $ | 560 |  |  | $ | 520 |
Company Owned Real Estate Brokerage Services (e) | 44 |  |  | 135 |  |  | 159 |
Relocation Services | 86 |  |  | 85 |  |  | 100 |
Title and Settlement Services | 49 |  |  | 59 |  |  | 63 |
Corporate and Other (d)(f) | (85 | ) |  | (107 | ) |  | (72 | )
Total Company | $ | 658 |  |  | $ | 732 |  |  | $ | 770 |
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(a) | Income tax benefit for the year ended December 31, 2017 reflects the impact of the 2017 Tax Act.
(b) | Depreciation and amortization for the years ended December 31, 2018 and 2017 includes $2 million and $3 million, respectively, of amortization expense related to Guaranteed Rate Affinity's purchase accounting included in the "Equity in losses (earnings) of unconsolidated entities" line on the Consolidated Statement of Operations.
(c) | The year ended December 31, 2018 includes restructuring charges of $3 million in the Real Estate Franchise Services segment, $37 million in the Company Owned Real Estate Brokerage Services segment, $11 million in the Relocation Services segment, $4 million at the Title and Settlement Services segment and $3 million in the Corporate and Other segment.
The year ended December 31, 2017 includes restructuring charges of $1 million in the Real Estate Franchise Services segment, $9 million in the Company Owned Real Estate Brokerage Services segment, $1 million at the Title and Settlement Services segment and $1 million in the Corporate and Other segment. The year ended December 31, 2016 includes restructuring charges of $4 million in the Real Estate Franchise Services segment, $22 million in the Company Owned Real Estate Brokerage Services segment, $4 million in the Relocation Services segment, $1 million at the Title and Settlement Services segment and $8 million in the Corporate and Other segment.
(d) | Former parent legacy items and loss on the early extinguishment of debt are recorded in the Corporate and Other segment.
(e) | Includes $22 million and $8 million of equity earnings from PHH Home Loans for the years ended December 31, 2017 and 2016, respectively.
(f) | Includes the elimination of transactions between segments.
Depreciation and Amortization
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Real Estate Franchise Services | $ | 77 |  |  | $ | 79 |  |  | $ | 77 |
Company Owned Real Estate Brokerage Services | 51 |  |  | 50 |  |  | 49 |
Relocation Services | 33 |  |  | 33 |  |  | 31 |
Title and Settlement Services | 13 |  |  | 16 |  |  | 23 |
Corporate and Other | 21 |  |  | 20 |  |  | 22 |
Total Company | $ | 195 |  |  | $ | 198 |  |  | $ | 202 |
Segment Assets
| As of December 31,
| 2018 |  | 2017
Real Estate Franchise Services | $ | 4,388 |  |  | $ | 4,413 |
Company Owned Real Estate Brokerage Services | 1,228 |  |  | 1,258 |
Relocation Services | 1,010 |  |  | 1,029 |
Title and Settlement Services | 492 |  |  | 486 |
Corporate and Other | 172 |  |  | 151 |
Total Company | $ | 7,290 |  |  | $ | 7,337 |
Capital Expenditures
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Real Estate Franchise Services | $ | 10 |  |  | $ | 9 |  |  | $ | 8 |
Company Owned Real Estate Brokerage Services | 44 |  |  | 44 |  |  | 44 |
Relocation Services | 13 |  |  | 11 |  |  | 12 |
Title and Settlement Services | 11 |  |  | 13 |  |  | 9 |
Corporate and Other | 27 |  |  | 22 |  |  | 14 |
Total Company | $ | 105 |  |  | $ | 99 |  |  | $ | 87 |
The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.
| United States |  | All Other Countries |  | Total
On or for the year ended December 31, 2018 |  |  |  |  |
Net revenues | $ | 5,961 |  |  | $ | 118 |  |  | $ | 6,079 |
Total assets | 7,214 |  |  | 76 |  |  | 7,290 |
Net property and equipment | 302 |  |  | 2 |  |  | 304 |
On or for the year ended December 31, 2017 |  |  |  |  |
Net revenues | $ | 5,997 |  |  | $ | 117 |  |  | $ | 6,114 |
Total assets | 7,261 |  |  | 76 |  |  | 7,337 |
Net property and equipment | 287 |  |  | 2 |  |  | 289 |
On or for the year ended December 31, 2016 |  |  |  |  |
Net revenues | $ | 5,683 |  |  | $ | 127 |  |  | $ | 5,810 |
Total assets | 7,347 |  |  | 74 |  |  | 7,421 |
Net property and equipment | 265 |  |  | 2 |  |  | 267 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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