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Basis Of Presentation (Tables)
 3 Months Ended
Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fair Value Hierarchy The following table summarizes fair value measurements by level at March 31, 2019 for assets and liabilities measured at fair value on a recurring basis:
 
Level I
 
Level II
 
Level III
 
Total
Deferred compensation plan assets (included in other non-current assets)
$
2

 
$
—

 
$
—

 
$
2

Interest rate swaps (included in other non-current assets)
—

 
1

 
—

 
1

Interest rate swaps (included in other non-current liabilities)
—

 
26

 
—

 
26

Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)
—

 
—

 
7

 
7

The following table summarizes fair value measurements by level at December 31, 2018 for assets and liabilities measured at fair value on a recurring basis:
 
Level I
 
Level II
 
Level III
 
Total
Deferred compensation plan assets (included in other non-current assets)
$
2

 
$
—

 
$
—

 
$
2

Interest rate swaps (included in other non-current assets)
—

 
6

 
—

 
6

Interest rate swaps (included in other non-current liabilities)
—

 
16

 
—

 
16

Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)
—

 
—

 
10

 
10
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation The following table presents changes in Level III financial liabilities measured at fair value on a recurring basis:
 
 
Level III
Fair value of contingent consideration at December 31, 2018
 
$
10

Additions: contingent consideration related to acquisitions completed during the period
 
—

Reductions: payments of contingent consideration
 
(3
)
Changes in fair value (reflected in the Condensed Consolidated Statement of Operations)
 
—

Fair value of contingent consideration at March 31, 2019
 
$
7
Fair Value, by Balance Sheet Grouping The following table summarizes the principal amount of the Company’s indebtedness compared to the estimated fair value, primarily determined by quoted market values, at:
 
March 31, 2019
 
December 31, 2018
Debt
Principal Amount
 
Estimated
Fair Value (a)
 
Principal Amount
 
Estimated
Fair Value (a)
Senior Secured Credit Facility:
 
 
 
 
 
 
 
Revolving Credit Facility
$
410

 
$
410

 
$
270

 
$
270

Term Loan B
1,067

 
1,035

 
1,069

 
1,010

Term Loan A Facility:
 
 
 
 
 
 
 
Term Loan A
731

 
721

 
736

 
707

4.50% Senior Notes
—

 
—

 
450

 
447

5.25% Senior Notes
550

 
554

 
550

 
524

4.875% Senior Notes
500

 
466

 
500

 
434

9.375% Senior Notes
550

 
565

 
—

 
—

Securitization obligations
187

 
187

 
231

 
231

_______________
(a)
The fair value of the Company's indebtedness is categorized as Level II.
Schedule of Derivative Instruments
Notional Value (in millions)
 
Commencement Date
 
Expiration Date
$600
 
August 2015
 
August 2020
$450
 
November 2017
 
November 2022
$400

August 2020
 
August 2025
$150

November 2022
 
November 2027
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The fair value of derivative instruments was as follows:
Not Designated as Hedging Instruments
 
Balance Sheet Location
 
March 31, 2019
 
December 31, 2018
Interest rate swap contracts
 
Other non-current assets
 
$
1

 
$
6

 
Other current and non-current liabilities
 
26

 
16
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location The effect of derivative instruments on earnings was as follows:
Derivative Instruments Not Designated as Hedging Instruments
 
Location of (Gain) or Loss Recognized for Derivative Instruments
 
(Gain) or Loss Recognized on Derivatives
Three Months Ended March 31,
 
2019
 
2018
Interest rate swap contracts
 
Interest expense
 
$
14

 
$
(12
)
Disaggregation of Revenue Revenue
Revenue is recognized upon the transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services in accordance with the revenue standard.  The Company's revenue is disaggregated by major revenue categories on our Condensed Consolidated Statements of Operations and further disaggregated by business segment as follows:
 
Three Months Ended March 31,
 
Real Estate
Franchise
Services
 
Company
Owned
Brokerage
Services
 
Relocation
Services
 
Title and
Settlement
Services
 
Corporate and Other
 
Total
Company
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Gross commission income (a)
$
—

 
$
—

 
$
799

 
$
902

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
799

 
$
902

Service revenue (b)
—

 
—

 
2

 
2

 
75

 
78

 
111

 
117

 
—

 
—

 
188

 
197

Franchise fees (c)
123

 
139

 
—

 
—

 
—

 
—

 
—

 
—

 
(53
)
 
(60
)
 
70

 
79

Other (d)
40

 
37

 
15

 
13

 
1

 
1

 
3

 
3

 
(2
)
 
(3
)
 
57

 
51

Net revenues
$
163

 
$
176

 
$
816

 
$
917

 
$
76

 
$
79

 
$
114

 
$
120

 
$
(55
)
 
$
(63
)
 
$
1,114

 
$
1,229

_______________
(a)
Consists primarily of revenues related to gross commission income at the Company Owned Brokerage Services segment which is recognized at a point in time at the closing of a homesale transaction.
(b)
Service revenue primarily consists of title and escrow fees at the Title and Settlement Services segment, which are recognized at a point in time at the closing of a homesale transaction, and relocation fees at the Relocation Services segment, which are recognized as revenue when or as the related performance obligation is satisfied, which is dependent on the type of service performed.
(c)
Franchise fees at the Real Estate Franchise Services segment primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
(d)
Other revenue is comprised of brand marketing funds received at the Real Estate Franchise Services segment from franchisees, third-party listing fees and other miscellaneous revenues across all of the business segments.
Deferred Revenue by Arrangement The following table shows the change in the Company's contract liabilities (deferred revenue) related to revenue contracts by reportable segment for the period:
 
Beginning Balance at January 1, 2019
 
Additions during the period
 
Recognized as Revenue during the period
 
Ending Balance at March 31, 2019
Real Estate Franchise Services:
 
 
 
 
 
 
 
Deferred area development fees (a)
$
54

 
$
—

 
$
(1
)
 
$
53

Deferred brand marketing fund fees (b)
12

 
23

 
(27
)
 
8

Other deferred income related to revenue contracts
12

 
10

 
(12
)
 
10

Total Real Estate Franchise Services
78

 
33

 
(40
)
 
71

Company Owned Real Estate Brokerage Services:
 
 
 
 
 
 
 
Advanced commissions relates to its development business (c)
10

 
—

 
—

 
10

Other deferred income related to revenue contracts
4

 
2

 
(2
)
 
4

Total Company Owned Real Estate Brokerage Services
14

 
2

 
(2
)
 
14

Relocation Services:
 
 
 
 
 
 
 
Deferred broker network fees (d)
—

 
8

 
(3
)
 
5

Deferred outsourcing fees (e)
4

 
16

 
(14
)
 
6

Other deferred income related to revenue contracts
5

 
5

 
(4
)
 
6

Total Relocation Services
9

 
29

 
(21
)
 
17

Total
$
101

 
$
64

 
$
(63
)
 
$
102

_______________
(a)
The Company collects initial area development fees for international territory transactions, which are recorded as deferred revenue when received and recognized into franchise revenue over the average 25 year life of the related franchise agreement as consideration for the right to access and benefit from Realogy’s brands.
(b)
Revenues recognized include intercompany marketing fees paid by the Company Owned Real Estate Brokerage Services segment.
(c)
New development closings generally have a development period of between 18 and 24 months from contracted date to closing.
(d)
Network fees are generally billed annually and recognized into revenue on a straight-line basis each month during the membership period.
(e)
Outsourcing management fees are recorded as deferred revenue when billed (usually at the start of the relocation) and are recognized as revenue over the average time period required to complete the transferee's move, or a phase of the move that the fee covers, which is typically 3 to 6 months depending on the move type.
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] The impact of the changes to the Condensed Consolidated Balance Sheets for the adoption of the new leasing standard were as follows:
 
Balance Sheet accounts prior to the new leasing standard adoption adjustments
 
Adjustments due to the adoption of the new leasing standard
 
Balance Sheet accounts after the new leasing standard adoption adjustments
ASSETS
 
 
 
 
 
Current assets:
 
 
 
 
 
Other current assets
$
153

 
$
(14
)
 
$
139

Total current assets
768

 
(14
)
 
754

Operating lease assets, net
—

 
567

 
567

Other non-current assets
276

 
(1
)
 
275

Total assets
$
7,290

 
$
552

 
$
7,842

 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 
 
 
 
Current liabilities:
 
 
 
 
 
Current portion of operating lease liabilities
$
—

 
$
126

 
$
126

Accrued expenses and other current liabilities
401

 
(12
)
 
389

Total current liabilities
1,527

 
114

 
1,641

Long-term operating lease liabilities
—

 
500

 
500

Other non-current liabilities
259

 
(62
)
 
197

Total liabilities
4,975

 
552

 
5,527

Total equity
2,315

 
—

 
2,315

Total liabilities and equity
$
7,290

 
$
552

 
$
7,842