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Selected Quarterly Financial Data (Unaudited) (Notes)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Provided below is selected unaudited quarterly financial data for 2018 and 2017.
 
2018
 
First
 
Second
 
Third
 
Fourth
Net revenues
 
 
 
 
 
 
 
Real Estate Franchise Services
$
176

 
$
237

 
$
221

 
$
186

Company Owned Real Estate Brokerage Services
917

 
1,408

 
1,268

 
1,014

Relocation Services
79

 
105

 
108

 
86

Title and Settlement Services
120

 
162

 
162

 
136

Corporate and Other (a)
(63
)
 
(92
)
 
(83
)
 
(68
)
Total Company
$
1,229

 
$
1,820

 
$
1,676

 
$
1,354

Income (loss) before income taxes, equity in earnings and noncontrolling interests (b)
 
 
 
 
Real Estate Franchise Services
$
85

 
$
152

 
$
141

 
$
107

Company Owned Real Estate Brokerage Services
(76
)
 
45

 
22

 
(37
)
Relocation Services
(14
)
 
29

 
34

 
9

Title and Settlement Services
(8
)
 
26

 
18

 
1

Corporate and Other
(69
)
 
(78
)
 
(70
)
 
(108
)
Total Company
$
(82
)
 
$
174

 
$
145

 
$
(28
)
Net income (loss) attributable to Realogy Holdings and Realogy Group
$
(67
)
 
$
123

 
$
103

 
$
(22
)
Earnings (loss) per share attributable to Realogy Holdings (c):
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
(0.51
)
 
$
0.97

 
$
0.84

 
$
(0.19
)
Diluted earnings (loss) per share
$
(0.51
)
 
$
0.96

 
$
0.83

 
$
(0.19
)
_______________
 
 
(a)
Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment.
(b)
The quarterly results include the following:
•
restructuring charges of $30 million, $6 million, $9 million and $13 million in the first, second, third and fourth quarters, respectively;
•
former parent legacy net cost of $4 million in the fourth quarter; and
•
a loss on the early extinguishment of debt of $7 million in the first quarter.
(c)
Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS (see Note 15 "Earnings Per Share" for further information).
 
2017
 
First
 
Second
 
Third
 
Fourth
Net revenues
 
 
 
 
 
 
 
Real Estate Franchise Services
$
170

 
$
237

 
$
224

 
$
199

Company Owned Real Estate Brokerage Services
897

 
1,392

 
1,267

 
1,087

Relocation Services
77

 
102

 
111

 
92

Title and Settlement Services
120

 
157

 
154

 
139

Corporate and Other (a)
(61
)
 
(95
)
 
(82
)
 
(73
)
Total Company
$
1,203

 
$
1,793

 
$
1,674

 
$
1,444

Income (loss) before income taxes, equity in earnings and noncontrolling interests (b)
 
 
Real Estate Franchise Services
$
82

 
$
146

 
$
139

 
$
113

Company Owned Real Estate Brokerage Services
(35
)
 
65

 
36

 
(14
)
Relocation Services
(5
)
 
21

 
32

 
15

Title and Settlement Services
(3
)
 
23

 
19

 
6

Corporate and Other
(73
)
 
(72
)
 
(73
)
 
(71
)
Total Company
$
(34
)
 
$
183

 
$
153

 
$
49

Net income (loss) attributable to Realogy Holdings and Realogy Group
$
(28
)
 
$
109

 
$
95

 
$
255

Earnings (loss) per share attributable to Realogy Holdings (c):
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
(0.20
)
 
$
0.79

 
$
0.70

 
$
1.91

Diluted earnings (loss) per share
$
(0.20
)
 
$
0.78

 
$
0.69

 
$
1.89


_______________
 
 
(a)
Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment.
(b)
The quarterly results include the following:
•
restructuring charges of $5 million, $2 million, $2 million and $3 million in the first, second, third and fourth quarters, respectively;
•
former parent legacy net benefit of $11 million in the second quarter former parent legacy net cost of $1 million in the third quarter; and
•
a loss on the early extinguishment of debt of $4 million and $1 million in the first and third quarters, respectively.
(c)
Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS.