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Segment Information
 3 Months Ended
Mar. 31, 2019
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)
 
Three Months Ended March 31,
 
2019
 
2018
Real Estate Franchise Services
$
163

 
$
176

Company Owned Real Estate Brokerage Services
816

 
917

Relocation Services
76

 
79

Title and Settlement Services
114

 
120

Corporate and Other (c)
(55
)
 
(63
)
Total Company
$
1,114

 
$
1,229

_______________
 
 
(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 $55 million and $63 million for the three months ended March 31, 2019 and 2018, 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 $7 million and $8 million for the three months ended March 31, 2019 and 2018, 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.
 
Operating EBITDA
 
Three Months Ended March 31,
 
2019
 
2018
Real Estate Franchise Services
$
90

 
$
105

Company Owned Real Estate Brokerage Services
(62
)
 
(45
)
Relocation Services
2

 
(1
)
Title and Settlement Services
(9
)
 
(6
)
Corporate and Other (a)
(25
)
 
(19
)
 
 
 
 
Less: Depreciation and amortization (b)
49

 
50

Interest expense, net
63

 
33

Income tax benefit
(35
)
 
(19
)
Restructuring costs, net (c)
12

 
30

Lease asset impairment
1

 
—

Loss on the early extinguishment of debt (d)
5

 
7

Net loss attributable to Realogy Holdings and Realogy Group
$
(99
)
 
$
(67
)

_______________
(a)
Includes the elimination of transactions between segments.
(b)
Depreciation and amortization for the three months ended March 31, 2018 includes $2 million of amortization expense related to Guaranteed Rate Affinity's purchase accounting included in the "Equity in (earnings) losses of unconsolidated entities" line on the Condensed Consolidated Statement of Operations.
(c)
The three months ended March 31, 2019 includes restructuring charges of $4 million in the Company Owned Real Estate Brokerage Services segment, $3 million in the Cartus segment, $1 million at Title and Settlement Services segment and $4 million in Corporate and Other.
The three months ended March 31, 2018 includes restructuring charges of $2 million in the Real Estate Franchise Services segment, $17 million in the Company Owned Real Estate Brokerage Services segment, $8 million in the Cartus segment, $1 million at the Title and Settlement Services segment and $2 million in Corporate and Other.
(d)
Loss on the early extinguishment of debt is recorded in the Corporate and Other segment.