Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Comparison of key assumptions used in impairment assessment

The following table provides a comparison of key assumptions used in the Company's impairment assessment performed in the first quarter of 2020 compared to the prior assessment performed in 2019:


	Discount Rate			Long-term Growth Rates
	2020	2019	2020	2019
Realogy Franchise Group	10.0%	8.5%	2.5%	2.5%
Realogy Brokerage Group	11.0%	9.0%	2.0%	2.0%
Realogy Title Group	11.0%	9.5%	2.5%	2.5%

Goodwill by segment and changes in the carrying amount

Goodwill by reporting unit and changes in the carrying amount are as follows:


	Realogy Franchise Group		Realogy Brokerage Group		Realogy Title Group		Total Company
Balance at December 31, 2019	$	2,476	$	669	$	155	$	3,300
Goodwill acquired	—		—		—		—
Impairment loss	—		(413)		—		(413)
Balance at March 31, 2020	$	2,476	$	256	$	155	$	2,887

Accumulated impairment losses (a)	$	1,160	$	808	$	324	$	2,292

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(a)Includes impairment charges which reduced goodwill by $413 million, $237 million, $1,153 million and $489 million during the first quarter of 2020, third quarter of 2019, fourth quarter of 2008 and fourth quarter of 2007, respectively.

Intangible Assets

Intangible assets are as follows:


	As of March 31, 2020										As of December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizable—Franchise agreements (a)	$	2,019	$	876	$	1,143	$	2,019	$	859	$	1,160
Indefinite life—Trademarks (b) (c)	$	643			$	643	$	673			$	673
Other Intangibles
Amortizable—License agreements (d)	$	45	$	12	$	33	$	45	$	12	$	33
Amortizable—Customer relationships (e)	71		58		13		71		57		14
Indefinite life—Title plant shares (f)	19				19		19				19
Amortizable—Other (g)	28		22		6		27		21		6
Total Other Intangibles	$	163	$	92	$	71	$	162	$	90	$	72

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(a)Generally amortized over a period of 30 years.

(b)Primarily related to real estate franchise brands which are expected to generate future cash flows for an indefinite period of time.

(c)Realogy Franchise Group trademarks was impaired by $30 million during the first quarter of 2020.

(d)Relates to the Sotheby’s International Realty^® and Better Homes and Gardens^® Real Estate agreements which are being amortized over 50 years (the contractual term of the license agreements).

(e)Relates to the customer relationships at Realogy Title Group and Realogy Brokerage Group. These relationships are being amortized over a period of 2 to 12 years.

(f)Ownership in a title plant is required to transact title insurance in certain states. The Company expects to generate future cash flows for an indefinite period of time.

(g)Consists of covenants not to compete which are amortized over their contract lives and other intangibles which are generally amortized over periods ranging from 5 to 10 years.

Intangible asset amortization expense

Intangible asset amortization expense is as follows:


	Three Months Ended March 31,
	2020		2019
Franchise agreements	$	17	$	17
License agreements	—		—
Customer relationships	1		1
Other	1		1
Total	$	19	$	19