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Segment Information (Notes) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The reportable segments presented below represent the Company’s 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 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, income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, gains or losses on the early extinguishment of debt, 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) |  |  |  |
| Year Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
Realogy Franchise Group | $ | 803 |  |  | $ | 820 |  |  | $ | 830 |
Realogy Brokerage Group | 4,409 |  |  | 4,607 |  |  | 4,643 |
Realogy Title Group | 596 |  |  | 580 |  |  | 570 |
Realogy Leads Group | 83 |  |  | 81 |  |  | 78 |
Corporate and Other (c) | (293) |  |  | (306) |  |  | (311) |
Total Company | $ | 5,598 |  |  | $ | 5,782 |  |  | $ | 5,810 |
_______________ (a)Transactions between segments are eliminated in consolidation. Revenues for Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $293 million, $306 million and $311 million for the years ended December 31, 2019, 2018 and 2017, respectively. Such amounts are eliminated through the Corporate and Other line. (b)Revenues for Realo gy Leads Group include intercompany referral commissions paid by Realogy Brokerage Group of $18 million for each of the years ended December 31, 2019, 2018 and 2017. Such amounts are recorded as contra-revenues by Realogy Brokerage Group. There are no other material intersegment transactions. (c)Includes the elimination of transactions between segments. Set forth in the tables below is a reconciliation of Net (loss) income to Operating EBITDA and Operating EBITDA presented by reportable segment for the years ended December 31, 2019, 2018 and 2017:
| Year Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
Net (loss) income attributable to Realogy Holdings and Realogy Group | $ | (188) |  |  | $ | 137 |  |  | $ | 431 |
Less: Net (loss) income from discontinued operations | (67) |  |  | (6) |  |  | 6 |
Add: Income tax (benefit) expense from continuing operations (a) | (22) |  |  | 67 |  |  | (66) |
(Loss) income from continuing operations before income taxes | (143) |  |  | 210 |  |  | 359 |
Add: Depreciation and amortization (b) | 169 |  |  | 166 |  |  | 169 |
Interest expense, net | 249 |  |  | 189 |  |  | 157 |
Restructuring costs, net (c) | 42 |  |  | 47 |  |  | 12 |
Impairments (d) | 249 |  |  | — |  |  | — |
Former parent legacy cost (benefit) (e) | 1 |  |  | 4 |  |  | (10) |
(Gain) loss on the early extinguishment of debt (e) | (5) |  |  | 7 |  |  | 5 |
Operating EBITDA | $ | 562 |  |  | $ | 623 |  |  | $ | 692 |
| Operating EBITDA |  |  |  |
| Year Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
Realogy Franchise Group | $ | 535 |  |  | $ | 564 |  |  | $ | 560 |
Realogy Brokerage Group (f) | 4 |  |  | 44 |  |  | 135 |
Realogy Title Group | 68 |  |  | 49 |  |  | 59 |
Realogy Leads Group | 53 |  |  | 51 |  |  | 45 |
Corporate and Other (e)(g) | (98) |  |  | (85) |  |  | (107) |
Total | $ | 562 |  |  | $ | 623 |  |  | $ | 692 |
______________ (a)Income tax benefit for the year ended December 31, 2017 reflects the impact of the 2017 Tax Act. (b)Depreciation and amortization for the years ended December 31, 2018 and 2017 includes $2 million and $3 million, respectively, of amortization expense related to Guaranteed Rate Affinity's purchase accounting included in the "Equity in (earnings) losses of unconsolidated entities" line on the Consolidated Statement of Operations. (c)The year ended December 31, 2019 includes restructuring charges of $2 million at Realogy Franchise Group, $25 million at Realogy Brokerage Group, $3 million at Realogy Title Group, $2 million at Realogy Leads Group and $10 million at Corporate and Other. The year ended December 31, 2018 includes restructuring charges of $3 million at Realogy Franchise Group, $37 million at Realogy Brokerage Group, $4 million at Realogy Title Group and $3 million at Corporate and Other. The year ended December 31, 2017 includes restructuring charges of $1 million at Realogy Franchise Group, $9 million at Realogy Brokerage Group, $1 million at Realogy Title Group and $1 million at Corporate and Other. (d)Impairments for the year ended December 31, 2019 includes a goodwill impairment charge of $237 million at Realogy Brokerage Group. The impairment charge of $237 million was offset by an income tax benefit of $57 million resulting in a net reduction in the carrying value of Realogy Brokerage Group of $180 million (see Note 2, "Summary of Significant Accounting Policies", for additional information). In addition, other impairment charges, primarily related to lease asset impairments, of $12 million were incurred for the year ended December 31, 2019. (e)Former parent legacy items and (Gain) loss on the early extinguishment of debt are recorded in Corporate and Other. (f)Includes $22 million of equity earnings from PHH Home Loans for the year ended December 31, 2017. (g)Includes the elimination of transactions between segments. Depreciation and Amortization
| Year Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
Realogy Franchise Group | $ | 77 |  |  | $ | 77 |  |  | $ | 79 |
Realogy Brokerage Group | 54 |  |  | 51 |  |  | 50 |
Realogy Title Group | 13 |  |  | 13 |  |  | 16 |
Realogy Leads Group | 1 |  |  | 2 |  |  | 1 |
Corporate and Other | 24 |  |  | 21 |  |  | 20 |
Total Company | $ | 169 |  |  | $ | 164 |  |  | $ | 166 |
Segment Assets
| As of December 31, |  |
| 2019 |  | 2018
Realogy Franchise Group | $ | 4,317 |  |  | $ | 4,388 |
Realogy Brokerage Group | 1,448 |  |  | 1,228 |
Realogy Title Group | 576 |  |  | 492 |
Realogy Leads Group | 192 |  |  | 193 |
Corporate and Other | 260 |  |  | 190 |
Assets - held for sale | 750 |  |  | 799 |
Total Company | $ | 7,543 |  |  | $ | 7,290 |
Capital Expenditures
| Year Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
Realogy Franchise Group | $ | 19 |  |  | $ | 10 |  |  | $ | 9 |
Realogy Brokerage Group | 56 |  |  | 44 |  |  | 44 |
Realogy Title Group | 10 |  |  | 11 |  |  | 13 |
Realogy Leads Group | 2 |  |  | — |  |  | 2 |
Corporate and Other | 21 |  |  | 27 |  |  | 22 |
Total Company | $ | 108 |  |  | $ | 92 |  |  | $ | 90 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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