XML 151 R107.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Operating EBITDA (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2008
Dec. 31, 2007
Sep. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting Information [Line Items]                            
Net (loss) income attributable to Realogy Holdings and Realogy Group $ (45,000,000) $ (113,000,000) $ 69,000,000 $ (99,000,000) $ (22,000,000) $ 103,000,000 $ 123,000,000 $ (67,000,000)     $ (143,000,000) $ (188,000,000) $ 137,000,000 $ 431,000,000
Net (loss) income from discontinued operations                       (67,000,000) (6,000,000) 6,000,000
Income tax (benefit) expense from continuing operations   (23,000,000)                 (22,000,000) (22,000,000) [1] 67,000,000 [1] (66,000,000) [1]
(Loss) income from continuing operations before income taxes                       (143,000,000) 210,000,000 359,000,000
Depreciation and amortization                       169,000,000 [2] 164,000,000 166,000,000 [2]
Depreciation and amortization, adjusted for Amortization of Intangible Assets related to GRA Acquisition [2]                         166,000,000 169,000,000
Interest expense, net                       249,000,000 189,000,000 157,000,000
Restructuring costs, net 13,000,000 11,000,000 9,000,000 9,000,000 $ 11,000,000 $ 9,000,000 $ 5,000,000 22,000,000       42,000,000 [3],[4] 47,000,000 [3],[4] 12,000,000 [3],[4]
Impairments   240,000,000                 $ 243,000,000 249,000,000 [5] 0 0
Former parent legacy cost (benefit), net [6]                       1,000,000 4,000,000 (10,000,000)
(Gain) loss on the early extinguishment of debt   (10,000,000)   5,000,000       $ 7,000,000       (5,000,000) [6] 7,000,000 [6] 5,000,000 [6]
Operating EBITDA                       562,000,000 623,000,000 692,000,000
Income (Loss) from Equity Method Investments                       18,000,000 (4,000,000) 18,000,000
Impairment of Goodwill                 $ 1,153,000,000 $ 489,000,000   237,000,000 [7]    
Goodwill, Impairment Loss, Tax                       57,000,000    
Goodwill, Impairment Loss, net of taxes                       180,000,000    
Other Asset Impairment Charges $ 6,000,000 $ 3,000,000 $ 2,000,000 $ 1,000,000               12,000,000    
Amortization of Intangible Assets related to GRA Acquisition                            
Segment Reporting Information [Line Items]                            
Income (Loss) from Equity Method Investments                         (2,000,000) (3,000,000)
Realogy Franchise Group                            
Segment Reporting Information [Line Items]                            
Depreciation and amortization                       77,000,000 77,000,000 79,000,000
Restructuring costs, net                       2,000,000 3,000,000 1,000,000
Operating EBITDA                       535,000,000 564,000,000 560,000,000
Impairment of Goodwill [7]                       0    
Realogy Brokerage Group                            
Segment Reporting Information [Line Items]                            
Depreciation and amortization                       54,000,000 51,000,000 50,000,000
Restructuring costs, net                       25,000,000 37,000,000 9,000,000
Operating EBITDA [8]                       4,000,000 44,000,000 135,000,000
Impairment of Goodwill [7]                       237,000,000    
Goodwill, Impairment Loss, net of taxes                       180    
Realogy Brokerage Group | PHH Home Loans                            
Segment Reporting Information [Line Items]                            
Income (Loss) from Equity Method Investments                           (22,000,000)
Realogy Title Group                            
Segment Reporting Information [Line Items]                            
Depreciation and amortization                       13,000,000 13,000,000 16,000,000
Restructuring costs, net                       3,000,000 4,000,000 1,000,000
Operating EBITDA                       68,000,000 49,000,000 59,000,000
Income (Loss) from Equity Method Investments                           4
Impairment of Goodwill [7]                       0    
Realogy Title Group | Amortization of Intangible Assets related to GRA Acquisition                            
Segment Reporting Information [Line Items]                            
Income (Loss) from Equity Method Investments                           3
Realogy Leads Group                            
Segment Reporting Information [Line Items]                            
Depreciation and amortization                       1,000,000 2,000,000 1,000,000
Restructuring costs, net                       2,000,000    
Operating EBITDA                       53,000,000 51,000,000 45,000,000
Impairment of Goodwill [7]                       0    
Corporate and Other                            
Segment Reporting Information [Line Items]                            
Depreciation and amortization                       24,000,000 21,000,000 20,000,000
Restructuring costs, net                       10,000,000 3,000,000 1,000,000
Operating EBITDA [6],[9]                       $ (98,000,000) $ (85,000,000) $ (107,000,000)
[1] Income tax benefit for the year ended December 31, 2017 reflects the impact of the 2017 Tax Act.
[2] 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.
[3] The year ended December 31, 2019 includes $38 million of expense related to the Facility and Operational Efficiencies Program and $4 million of expense related to prior restructuring programs. The years ended December 31, 2018 and December 31, 2017 relate to prior restructuring programs.
[4] 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.
[5] 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.
[6] Former parent legacy items and (Gain) loss on the early extinguishment of debt are recorded in Corporate and Other.
[7] The Company recognized a goodwill impairment charge of $237 million during the third quarter of 2019 related to 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 20, "Selected Quarterly Financial Data", for additional information).
[8] Includes $22 million of equity earnings from PHH Home Loans for the year ended December 31, 2017.
[9] Includes the elimination of transactions between segments.