XML 60 R18.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Note 11. Restructuring Costs Restructuring Costs (Notes) | 12 Months Ended
--- | ---
Dec. 31, 2018
Restructuring and Related Activities [Abstract] |
Restructuring Costs | RESTRUCTURING COSTS Restructuring charges for the years ended December 31, 2018, 2017 and 2016 were $58 million, $12 million and $39 million, respectively. The components of the restructuring charges for the years ended December 31, 2018, 2017 and 2016 were as follows:
| Years Ended December 31,
| 2018 |  | 2017 |  | 2016
Personnel-related costs (1) | $ | 25 |  |  | $ | 7 |  |  | $ | 22 |
Facility-related costs (2) | 22 |  |  | 4 |  |  | 11 |
Internal use software impairment (3) | 11 |  |  | — |  |  | — |
Other restructuring costs (4) | — |  |  | 1 |  |  | 6 |
Total restructuring charges (5) | $ | 58 |  |  | $ | 12 |  |  | $ | 39 |
_______________
(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.
(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 year ended December 31, 2018 includes $56 million of expense related to the Leadership Realignment and Other Restructuring Activities program and $2 million of expense related to the Business Optimization Initiative program. The years ended December 31, 2017 and December 31, 2016 include expenses related to the Business Optimization Initiative program.
Leadership Realignment and Other Restructuring Activities Beginning in the first quarter of 2018, the Company commenced the implementation of a plan to drive its business forward and enhance stockholder value. The key aspects of this plan include senior leadership realignment, an enhanced focus on technology and talent, as well as further attention on office footprint and other operational efficiencies. 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 | 25 |  |  | 20 |  |  | 11 |  |  | 56 |
Costs paid or otherwise settled | (18 | ) |  | (7 | ) |  | (11 | ) |  | (36 | )
Balance at December 31, 2018 | $ | 7 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 20 |
The following table shows the total costs currently expected to be incurred by type of cost 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
Personnel-related costs | $ | 27 |  |  | $ | 25 |  |  | $ | 2 |
Facility-related costs | 20 |  |  | 20 |  |  | — |
Internal use software impairment | 11 |  |  | 11 |  |  | — |
Total | $ | 58 |  |  | $ | 56 |  |  | $ | 2 |
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 | 37 |  |  | 36 |  |  | 1 |
Relocation Services | 11 |  |  | 11 |  |  | — |
Title and Settlement Services | 3 |  |  | 3 |  |  | — |
Corporate and Other | 4 |  |  | 3 |  |  | 1 |
Total | $ | 58 |  |  | $ | 56 |  |  | $ | 2 |
Business Optimization Initiative During the fourth quarter of 2015, the Company began a business optimization initiative that focused on maximizing the efficiency and effectiveness of the cost structure of each of the Company's business units. The action was designed to improve client service levels across each of the business units while enhancing the Company's profitability and incremental margins. The plan focused on several key areas of opportunity which include process improvement efficiencies, office footprint optimization, leveraging technology and media spend, centralized procurement, outsourcing administrative services and organizational design. The expected costs of activities undertaken in connection with the restructuring plan are largely complete. At December 31, 2017, the remaining liability was $7 million. During the year ended December 31, 2018, the Company incurred facility-related costs of $2 million and paid or settled costs of $7 million, resulting in a remaining accrual of $2 million.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration