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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 235 $ 203
Restricted cash 0 2
Accounts Receivable, Allowance for Credit Loss, Current 11 9
Accounts Receivable, after Allowance for Credit Loss, Current 79 85
Other current assets 147 140
Total current assets 750 338
Total current assets 1,211 768
Property and equipment, net 308 273
Operating lease assets, net 515 0
Goodwill 3,300 3,536
Trademarks 673 673
Franchise agreements, net 1,160 1,227
Other intangibles, net 72 80
Other non-current assets 304 272
Non-current assets - held for sale 0 461
Total assets 7,543 7,290 [1]
Current liabilities:    
Accounts payable 84 83
Current portion of long-term debt 234 748
Current portion of operating lease liabilities 122 0
Accrued expenses and other current liabilities 350 344
Current liabilities - held for sale 356 352
Total current liabilities 1,146 1,527
Long-term debt 3,211 2,800
Long-term operating lease liabilities 467 0
Deferred income taxes 390 389
Other non-current liabilities 233 256
Non-current liabilities - held for sale 0 3
Total liabilities 5,447 4,975
Commitments and contingencies (Note 15)
Equity:    
Preferred Stock, Value, Issued 0 0
Common Stock, Value, Issued 1 1
Additional paid-in capital 4,842 4,869
Accumulated deficit (2,695) (2,507)
Accumulated other comprehensive loss (56) (52)
Total stockholders' equity 2,092 2,311
Noncontrolling interests 4 4
Total equity 2,096 2,315
Total liabilities and equity $ 7,543 $ 7,290
Preferred Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Preferred Stock, Shares Authorized 50,000,000 50,000,000
Preferred Stock, Shares Outstanding 0 0
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Common Stock, Shares Authorized 400,000,000 400,000,000
Common Stock, Shares, Outstanding 114,355,519 114,620,499
[1] The $552 million adjustment to Total assets due to the adoption of the new leasing standard consists of $414 million at Realogy Brokerage Group, $52 million at Corporate and Other, $46 million at Realogy Title Group and $40 million of assets held for sale related to the pending sale of Cartus' Relocation Services business.