XML 49 R66.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Information - Operating EBITDA (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Dec. 31, 2008
Dec. 31, 2007
Sep. 30, 2019
Sep. 30, 2018
Segment Reporting Information [Line Items]              
Depreciation and amortization $ 50   $ 49 [1]     $ 149 $ 146 [1]
Depreciation and amortization, adjusted for Amortization of Intangible Assets related to GRA Acquisition [2]             148
Interest expense, net 66   41     210 120
Income tax (benefit) expense (8)   40     (9) 73
Restructuring costs, net [3],[4] 11   9     32 45
Impairments [5] 183   0     186 0
Former parent legacy cost, net [6] 1   0     1 0
(Gain) loss on the early extinguishment of debt (10) [6] $ 5 0 [6]     (5) [6] 7 [6]
Net (loss) income attributable to Realogy Holdings and Realogy Group (70)   103     (100) 159
Equity in (earnings) losses of unconsolidated entities (7)   1     (15) 3
Goodwill, Impairment Loss           180  
Real Estate Franchise Services              
Segment Reporting Information [Line Items]              
Operating EBITDA 153   161     406 439
Restructuring costs, net 1   1     1 3
Goodwill, Impairment Loss           0  
Company Owned Brokerage Services              
Segment Reporting Information [Line Items]              
Operating EBITDA 31   43     16 59
Restructuring costs, net 8   8     18 29
Goodwill, Impairment Loss       $ 1,279 $ 507 180  
Other Asset Impairment Charges 3         6  
Relocation Services              
Segment Reporting Information [Line Items]              
Operating EBITDA 34   39     63 72
Restructuring costs, net 1         5 9
Goodwill, Impairment Loss           0  
Title and Settlement Services              
Segment Reporting Information [Line Items]              
Operating EBITDA 31   20     54 45
Restructuring costs, net           2 2
Goodwill, Impairment Loss           0  
Corporate and Other              
Segment Reporting Information [Line Items]              
Operating EBITDA [1] (26)   $ (21)     (75) (63)
Restructuring costs, net $ 1         $ 6 2
Amortization of Intangible Assets related to GRA Acquisition              
Segment Reporting Information [Line Items]              
Equity in (earnings) losses of unconsolidated entities             $ 2
[1] Includes the elimination of transactions between segments.
[2] Depreciation and amortization for the nine months ended September 30, 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.
[3] The three and nine months ended September 30, 2019 include $10 million and $28 million, respectively, of expense related to the Facility and Operational Efficiencies Program and $1 million and $4 million, respectively, of expense related to prior restructuring programs. Restructuring charges for three and nine months ended September 30, 2018 relate to prior restructuring programs.
[4] The three months ended September 30, 2019 includes restructuring charges of $1 million in the Real Estate Franchise Services segment, $8 million in the Company Owned Real Estate Brokerage Services segment, $1 million in the Relocation Services segment and $1 million in Corporate and Other.
The three months ended September 30, 2018 includes restructuring charges of $1 million in the Real Estate Franchise Services and $8 million in the Company Owned Real Estate Brokerage Services segment.
The nine months ended September 30, 2019 includes restructuring charges of $1 million in Real Estate Franchise Services segment, $18 million in the Company Owned Real Estate Brokerage Services segment, $5 million in the Relocation Services segment, $2 million in the Title and Settlement Services segment and $6 million in Corporate and Other.
The nine months ended September 30, 2018 includes restructuring charges of $3 million in the Real Estate Franchise Services segment, $29 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.
[5] Impairments for the three and nine months ended September 30, 2019 includes a goodwill impairment charge of $180 million at the Company Owned Real Estate Brokerage Services segment. In addition, other impairment charges, primarily related to lease asset impairments, of $3 million and $6 million were incurred for the three and nine months ended September 30, 2019, respectively.
[6] Former parent legacy items and (gain) loss on the early extinguishment of debt is recorded in the Corporate and Other segment.