Equity (Deficit) (Notes)

12 Months Ended

Dec. 31, 2019

Stockholders' Equity Note Disclosure [Text Block]

EQUITY

Changes in Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive losses are as follows:


	Currency Translation Adjustments (1)			Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Loss (2)
Balance at January 1, 2017	$	(6)		$	(34)		$	(40)
Other comprehensive income (loss) before reclassifications	3			(1)			2
Amounts reclassified from accumulated other comprehensive loss	—			2		(3)	2
Income tax expense	(1)			—			(1)
Current period change	2			1			3
Balance at December 31, 2017	(4)			(33)			(37)
Adoption of a new accounting pronouncement	(1)		(4)	(8)		(4)	(9)
Other comprehensive loss before reclassifications	(3)			(6)			(9)
Amounts reclassified from accumulated other comprehensive loss	—			2		(3)	2
Income tax benefit	—			1			1
Current period change	(4)			(11)			(15)
Balance at December 31, 2018	(8)			(44)			(52)
Other comprehensive loss before reclassifications	—			(8)			(8)
Amounts reclassified from accumulated other comprehensive loss	—			2		(3)	2
Income tax benefit	—			2			2
Current period change	—			(4)			(4)
Balance at December 31, 2019	$	(8)		$	(48)		$	(56)

_______________

(1)Assets and liabilities of foreign subsidiaries having non-U.S. dollar functional currencies are translated at exchange rates at the balance sheet dates and equity accounts are translated at historical spot rates. Revenues and expenses are translated at average exchange rates during the periods presented. The gains or losses resulting from translating foreign currency financial statements into U.S. dollars are included in accumulated other comprehensive income (loss). Gains or losses resulting from foreign currency transactions are included in the Consolidated Statements of Operations and primarily relate to discontinued operations.

(2)As of December 31, 2019, the Company does not have any after-tax components of accumulated other comprehensive loss attributable to noncontrolling interests.

(3)These amounts represent the amortization of actuarial loss to periodic pension cost and were reclassified from accumulated other comprehensive income to the general and administrative expenses line on the statement of operations.

(4)These amounts represent adjustments for the adoption of the accounting standard update on stranded tax effects related to the 2017 Tax Act which resulted in a debit to Accumulated other comprehensive loss and a credit to Accumulated deficit of $9 million during the first quarter of 2018.

Dividend Policy

The Board declared and paid quarterly cash dividends of $0.09 per share of the Company's common stock since August 2016. In early November 2019, the Company's Board of Directors determined that, effective immediately, it will no longer pay a dividend. The Company returned a total of $31 million, $45 million and $49 million to stockholders in cash dividends during the years ended December 31, 2019, 2018 and 2017, respectively.

Pursuant to the Company’s policy, dividends payable in cash are treated as a reduction of additional paid-in capital since the Company is currently in an accumulated deficit position.

Realogy Group Statements of Equity for the years ended December 31, 2019, 2018 and 2017

Total equity for Realogy Group equals that of Realogy Holdings, but the components, common stock and additional paid-in capital are different. The table below presents information regarding the balances and changes in common stock and additional paid-in capital of Realogy Group for each of the three years ended December 31, 2019, 2018 and 2017.


	Realogy Group Stockholder’s Equity
	Common Stock					Additional Paid-In Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Non- controlling Interests		Total Equity
	Shares	Amount
Balance at January 1, 2017	—	$	—	$	5,566	$	(3,062)	$	(40)	$	5	$	2,469
Net income	—	—		—		431		—		3		434
Other comprehensive income	—	—		—		—		3		—		3
Repurchase of Common Stock	—	—		(280)		—		—		—		(280)
Contributions from Realogy Holdings	—	—		8		—		—		—		8
Stock-based compensation	—	—		41		—		—		—		41
Dividends	—	—		(49)		—		—		(4)		(53)
Balance at December 31, 2017	—	$	—	$	5,286	$	(2,631)	$	(37)	$	4	$	2,622
Cumulative effect of adoption of new accounting pronouncements	—	—		—		(13)		(9)		—		(22)
Net income	—	—		—		137		—		3		140
Other comprehensive loss	—	—		—		—		(6)		—		(6)
Repurchase of Common Stock	—	—		(402)		—		—		—		(402)
Contributions from Realogy Holdings	—	—		1		—		—		—		1
Stock-based compensation	—	—		30		—		—		—		30
Dividends	—	—		(45)		—		—		(3)		(48)
Balance at December 31, 2018	—	$	—	$	4,870	$	(2,507)	$	(52)	$	4	$	2,315
Net (loss) income	—	—		—		(188)		—		3		(185)
Other comprehensive income	—	—		—		—		(4)		—		(4)
Repurchase of Common Stock	—	—		(20)		—		—		—		(20)
Stock-based compensation	—	—		24		—		—		—		24
Dividends	—	—		(31)		—		—		(3)		(34)
Balance at December 31, 2019	—	$	—	$	4,843	$	(2,695)	$	(56)	$	4	$	2,096