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Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Net revenues [1],[2] $ 5,598 $ 5,782 $ 5,810 [3]
Expenses      
Commission and other agent-related costs 3,156 3,282 3,230
Operating 1,345 1,351 1,344
Marketing 262 256 258
General and administrative 288 265 303
Former parent legacy cost (benefit), net [4] 1 4 (10)
Restructuring costs, net [5],[6] 42 47 12
Impairments 249 [7] 0 0
Depreciation and amortization 169 [8] 164 166 [8]
Interest expense, net 249 189 157
(Gain) loss on the early extinguishment of debt [4] (5) 7 5
Other expense, net 0 0 1
Total expenses 5,756 5,565 5,466
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (158) 217 344
Income tax (benefit) expense from continuing operations [9] (22) 67 (66)
Equity in (earnings) losses of unconsolidated entities (18) 4 (18)
Net (loss) income from continuing operations (118) 146 428
(Loss) income from discontinued operations, net of tax (7) (6) 6
Net (loss) income from discontinued operations (67) (6) 6
Net (loss) income (185) 140 434
Less: Net income attributable to noncontrolling interests (3) (3) (3)
Net (loss) income attributable to Realogy Holdings and Realogy Group $ (188) $ 137 $ 431
Basic (loss) earnings per share attributable to Realogy Holdings shareholders:      
Basic (loss) earnings per share from continuing operations $ (1.06) $ 1.15 $ 3.11
Basic (loss) earnings per share from discontinued operations (0.59) (0.05) 0.04
Basic (loss) earnings per share (1.65) 1.10 3.15
Diluted (loss) earnings per share from continuing operations (1.06) 1.14 3.07
Diluted (loss) earnings per share from discontinued operations (0.59) (0.05) 0.04
Diluted (loss) earnings per share $ (1.65) $ 1.09 $ 3.11
Weighted average common and common equivalent shares of Realogy Holdings outstanding:      
Basic 114.2 124.0 136.7
Diluted 114.2 125.3 138.4
Discontinued Operation, Provision for Loss (Gain) on Disposal, Net of Tax $ (60) $ 0 $ 0
Net (loss) income from discontinued operations (67) (6) 6
Gross Commission Income      
Revenues      
Net revenues [10] 4,330 4,533 4,576 [3]
Service revenue      
Revenues      
Net revenues [11] 673 654 638 [3]
Franchise fees      
Revenues      
Net revenues [12] 386 393 396 [3]
Other      
Revenues      
Net revenues [13] $ 209 $ 202 $ 200 [3]
[1] Revenues for Realogy 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.
[2] 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.
[3] Amounts for the year ended December 31, 2017 have not been adjusted under the modified retrospective method.
[4] Former parent legacy items and (Gain) loss on the early extinguishment of debt are recorded in Corporate and Other.
[5] 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.
[6] 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.
[7] 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.
[8] 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.
[9] Income tax benefit for the year ended December 31, 2017 reflects the impact of the 2017 Tax Act.
[10] Approximately 80% of the Company's total net revenues is related to gross commission income at Realogy Brokerage Group, which is recognized at a point in time at the closing of a homesale transaction.
[11] Approximately 10% of the Company's total net revenues is related to service fees primarily consisting of title and escrow fees at Realogy Title Group, which are recognized at a point in time at the closing of a homesale transaction.
[12] Approximately 7% of the Company's total net revenues is related to franchise fees at Realogy Franchise Group, primarily domestic royalties, which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
[13] Less than 5% of the Company's total net revenues is related to other revenue, which comprised of brand marketing funds received at Realogy Franchise Group from franchisees, third-party listing fees and other miscellaneous revenues across all of the business segments.