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Consolidated Statements Of Cash Flows
$ in Millions
 12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Operating Activities      
Net (loss) income $ (185) $ 140 $ 434
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 67 6 (6)
Net (loss) income from continuing operations (118) 146 428
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 169 [1] 164 166 [1]
Deferred income taxes (34) 71 (64)
Impairments 249 [2] 0 0
Amortization of deferred financing costs and debt discount 10 15 16
(Gain) loss on the early extinguishment of debt (5) 7 5
Equity in (earnings) losses of unconsolidated entities (18) 4 (18)
Stock-based compensation 28 37 47
Mark-to-market adjustments on derivatives 39 4 (4)
Other adjustments to net (loss) income (3) 0 0
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:      
Trade receivables 5 7 (2)
Other assets 1 (8) (20)
Accounts payable, accrued expenses and other liabilities (11) (43) (4)
Dividends received from unconsolidated entities     52
Other, net 1 (7) (12)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations, Total 316 400 590
Net cash provided by (used in) operating activities from discontinued operations 55 (6) 77
Net cash provided by operating activities 371 394 667
Investing Activities      
Property and equipment additions (108) (92) (90)
Payments for acquisitions, net of cash acquired (1) (1) (18)
Investment in unconsolidated entities (12) (15) (55)
Proceeds from investments in unconsolidated entities 0 19 11
Other, net 4 11 4
Net Cash Provided by (Used in) Investing Activities, Continuing Operations, Total (117) (78) (148)
Net cash (used in) provided by investing activities from discontinued operations (11) (13) 2
Net cash used in investing activities (128) (91) (146)
Financing Activities      
Net change in Revolving Credit Facility (80) 200 (130)
Payments for refinancing of Term Loan B 0 (4) 0
Proceeds from refinancing of Term Loan A & A-1 0 17 0
Proceeds from issuance of Senior Notes 550 0 0
Redemption and repurchase of Senior Notes (533) 0 0
Amortization payments on term loan facilities (30) (25) (42)
Debt issuance costs (9) (16) (6)
Cash paid for fees associated with early extinguishment of debt (5) 0 (1)
Repurchase of common stock (20) (402) (280)
Dividends paid on common stock (31) (45) (49)
Proceeds from exercise of stock options 0 1 8
Taxes paid related to net share settlement for stock-based compensation (6) (10) (11)
Payments of contingent consideration related to acquisitions (3) (22) (22)
Other, net (25) (25) (30)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations, Total (192) (331) (563)
Net cash (used in) provided by financing activities from discontinued operations (23) 34 (7)
Net cash used in financing activities (215) (297) (570)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash 0 (2) 2
Net increase (decrease) in cash, cash equivalents and restricted cash 28 4 (47)
Cash, cash equivalents and restricted cash, beginning of period 238 234 281
Cash, cash equivalents and restricted cash, end of period 266 238 234
Less cash, cash equivalents and restricted cash of discontinued operations, end of period 31 33 38
Cash, cash equivalents and restricted cash of continuing operations, end of period 235 205 196
Supplemental Disclosure of Cash Flow Information      
Interest payments for continuing operations 201 176 165
Income tax (refunds) payments for continuing operations, net $ (3) $ 6 $ 11
[1] 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.
[2] 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.