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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues [Abstract]        
Net revenues [1],[2] $ 1,735 $ 1,820 $ 2,849 $ 3,049
Expenses        
Commission and other agent-related costs 955 1,009 1,530 1,654
Operating 390 392 770 784
Marketing 69 69 138 136
General and administrative 82 75 177 164
Restructuring costs, net [3],[4] 9 6 21 36
Impairment 2 0 3 0
Depreciation and amortization 50 49 [5] 99 97 [5]
Interest expense, net 81 46 144 79
Loss on the early extinguishment of debt [6] 0 0 5 7
Total expenses 1,638 1,646 2,887 2,957
Income (loss) before income taxes, equity in (earnings) losses and noncontrolling interests 97 174 (38) 92
Income tax expense (benefit) 34 52 (1) 33
Equity in (earnings) losses of unconsolidated entities (7) (2) (8) 2
Net income (loss) 70 124 (29) 57
Less: Net income attributable to noncontrolling interests (1) (1) (1) (1)
Net income (loss) attributable to Realogy Holdings and Realogy Group $ 69 $ 123 $ (30) $ 56
Earnings (loss) per share attributable to Realogy Holdings:        
Basic earnings (loss) per share $ 0.60 $ 0.97 $ (0.26) $ 0.44
Diluted earnings (loss) per share $ 0.60 $ 0.96 $ (0.26) $ 0.43
Weighted average common and common equivalent shares of Realogy Holdings outstanding:        
Basic 114.3 126.5 114.1 128.4
Diluted 114.9 127.6 114.1 129.7
Gross commission income        
Revenues [Abstract]        
Net revenues [7] $ 1,310 $ 1,388 $ 2,109 $ 2,290
Service revenue        
Revenues [Abstract]        
Net revenues [8] 253 263 441 460
Franchise fees        
Revenues [Abstract]        
Net revenues [9] 112 114 182 193
Other        
Revenues [Abstract]        
Net revenues [10] $ 60 $ 55 $ 117 $ 106
[1]
Revenues for the Relocation Services segment include intercompany referral commissions paid by the Company Owned Real Estate Brokerage Services segment of $11 million and $18 million for the three and six months ended June 30, 2019, respectively, and $12 million and $20 million for the three and six months ended June 30, 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.
[2]
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 $87 million and $142 million for the three and six months ended June 30, 2019, respectively, and $92 million and $155 million for the three and six months ended June 30, 2018, respectively. Such amounts are eliminated through the Corporate and Other line.
[3]
(c)
The three months ended June 30, 2019 includes restructuring charges of $6 million in the Company Owned Real Estate Brokerage Services segment, $1 million in the Relocation Services segment, $1 million in the Title and Settlement Services segment and $1 million in Corporate and Other.
The three months ended June 30, 2018 includes restructuring charges of $4 million in the Company Owned Real Estate Brokerage Services segment, $1 million in the Relocation Services segment and $1 million in the Title and Settlement Services segment.
The six months ended June 30, 2019 includes restructuring charges of $10 million in the Company Owned Real Estate Brokerage Services segment, $4 million in the Relocation Services segment, $2 million in the Title and Settlement Services segment and $5 million in Corporate and Other.
The six months ended June 30, 2018 includes restructuring charges of $2 million in the Real Estate Franchise Services segment, $21 million in the Company Owned Real Estate Brokerage Services segment, $9 million in the Relocation Services segment, $2 million in the Title and Settlement Services segment and $2 million in Corporate and Other.
[4]
The three and six months ended June 30, 2019 include $9 million and $18 million, respectively, of expense related to the Facility and Operational Efficiencies Program and Leadership Realignment and zero and $3 million, respectively, of expense related to Other Restructuring Activities Program. Restructuring charges for three and six months ended June 30, 2018 relate to prior restructuring programs.
[5]
(a)
Includes the elimination of transactions between segments.
[6]
(d)
Loss on the early extinguishment of debt is recorded in the Corporate and Other segment.
[7]
(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.
[8]
(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.
[9]
(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).
[10]
(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.