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Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Revenues

			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 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.

(c)Includes the elimination of transactions between segments.

Reconciliation of Operating EBITDA by Business segment to Net Income (Loss)

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.

Reconciliation of Depreciation and Amortization from Segments to Consolidated

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

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

Reconciliation of Capital Expenditures from Segments to Consolidated

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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