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Basis Of Presentation (Tables)
 9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fair Value Hierarchy
The following table summarizes fair value measurements by level at September 30, 2019 for assets and liabilities measured at fair value on a recurring basis:
Level ILevel IILevel IIITotal
Deferred compensation plan assets (included in other non-current assets)$2  $—  $—  $2  
Interest rate swaps (included in other current and non-current liabilities)—  60  —  60  
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)
—  —  4  4  
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 ILevel IILevel IIITotal
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
(4) 
Changes in fair value (reflected in general and administrative expenses)(2) 
Fair value of contingent consideration at September 30, 2019$4  
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:
 September 30, 2019December 31, 2018
DebtPrincipal AmountEstimated
Fair Value (a)		Principal AmountEstimated
Fair Value (a)
Senior Secured Credit Facility:
Revolving Credit Facility$265  $265  $270  $270  
Term Loan B1,061  1,009  1,069  1,010  
Term Loan A Facility:
Term Loan A722  695  736  707  
4.50% Senior Notes—  —  450  447  
5.25% Senior Notes550  547  550  524  
4.875% Senior Notes407  377  500  434  
9.375% Senior Notes550  507  —  —  
Securitization obligations228  228  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 DateExpiration Date
$600August 2015August 2020
$450November 2017November 2022
$400August 2020August 2025
$150November 2022November 2027
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The fair value of derivative instruments was as follows:
Not Designated as Hedging InstrumentsBalance Sheet LocationSeptember 30, 2019December 31, 2018
Interest rate swap contractsOther non-current assets$—  $6  
Other current and non-current liabilities60  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 InstrumentsLocation of (Gain) or Loss Recognized for Derivative Instruments(Gain) or Loss Recognized on Derivatives
Three Months Ended September 30, Nine Months Ended September 30,
2019201820192018
Interest rate swap contractsInterest expense$12  $(7) $50  $(19) 
Foreign exchange contractsOperating expense(1) —  (1) (1) 
Disaggregation of Revenue
Revenue
Revenue is recognized upon the transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services in accordance with the revenue standard.  The Company's revenue is disaggregated by major revenue categories on our Condensed Consolidated Statements of Operations and further disaggregated by business segment as follows:
Three Months Ended September 30,
 Real Estate Franchise ServicesCompany Owned Real Estate Brokerage ServicesRelocation ServicesTitle & Settlement ServicesCorporate and OtherTotal Company
201920182019201820192018201920182019201820192018
Gross commission income (a)$—  $—  $1,201  $1,246  $—  $—  $—  $—  $—  $—  $1,201  $1,246  
Service revenue (b)—  —  2  3  102  107  165  158  —  —  269  268  
Franchise fees (c)186  189  —  —  —  —  —  —  (78) (80) 108  109  
Other (d)30  32  19  19  1  1  5  4  (4) (3) 51  53  
Net revenues$216  $221  $1,222  $1,268  $103  $108  $170  $162  $(82) $(83) $1,629  $1,676  

Nine Months Ended September 30,
 Real Estate Franchise ServicesCompany Owned Real Estate Brokerage ServicesRelocation ServicesTitle & Settlement ServicesCorporate and OtherTotal Company
201920182019201820192018201920182019201820192018
Gross commission income (a)$—  $—  $3,310  $3,536  $—  $—  $—  $—  $—  $—  $3,310  $3,536  
Service revenue (b)—  —  7  7  273  289  430  432  —  —  710  728  
Franchise fees (c)505  531  —  —  —  —  —  —  (215) (229) 290  302  
Other (d)108  103  52  50  3  3  14  12  (9) (9) 168  159  
Net revenues$613  $634  $3,369  $3,593  $276  $292  $444  $444  $(224) $(238) $4,478  $4,725  
______________
(a)Consists primarily of revenues related to gross commission income at the Company Owned Real Estate 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, 2019Additions during the periodRecognized as Revenue during the periodEnding Balance at September 30, 2019
Real Estate Franchise Services:
Deferred area development fees (a)$54  $1  $(6) $49  
Deferred brand marketing fund fees (b)12  69  (72) 9  
Other deferred income related to revenue contracts12  24  (27) 9  
Total Real Estate Franchise Services 78  94  (105) 67  
Company Owned Real Estate Brokerage Services:
Advanced commissions related to development business (c)10  2  (2) 10  
Other deferred income related to revenue contracts4  5  (5) 4  
Total Company Owned Real Estate Brokerage Services14  7  (7) 14  
Relocation Services:
Deferred broker network fees (d)—  10  (6) 4  
Deferred outsourcing fees (e)4  44  (44) 4  
Other deferred income related to revenue contracts5  19  (20) 4  
Total Relocation Services9  73  (70) 12  
Total$101  $174  $(182) $93  
_______________
(a)The Company collects initial area development fees ("ADF") 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. In the event an ADF agreement is terminated prior to the end of its term, the unamortized deferred revenue balance will be recognized into revenue immediately upon termination.
(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 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 adjustmentsAdjustments due to the adoption of the new leasing standardBalance Sheet accounts after the new leasing standard adoption adjustments
ASSETS
Current assets:
Other current assets$153  $(14) $139  
Total current assets768  (14) 754  
Operating lease assets, net—  567  567  
Other non-current assets276  (1) 275  
Total assets (a)$7,290  $552  $7,842  
LIABILITIES AND EQUITY
Current liabilities:
Current portion of operating lease liabilities$—  $126  $126  
Accrued expenses and other current liabilities401  (12) 389  
Total current liabilities1,527  114  1,641  
Long-term operating lease liabilities—  500  500  
Other non-current liabilities259  (62) 197  
Total liabilities4,975  552  5,527  
Total equity2,315  —  2,315  
Total liabilities and equity$7,290  $552  $7,842  
_______________
(a)The $552 million adjustment to Total assets due to the adoption of the new leasing standard consists of $414 million at the Company Owned Real Estate Brokerage Services segment, $52 million at the Corporate and Other segment, $46 million at the Title and Settlement Services segment and $40 million at the Relocation Services Segment.