
	Three Months Ended June 30, 2020
	Common Stock					Additional Paid-In Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Non- controlling Interests		Total Equity


	Shares	Amount
Balance at March 31, 2020	115.3	$	1	$	4,844	$	(3,157)	$	(57)	$	3	$	1,634
Net (loss) income	—	—		—		(14)		—		1		(13)
Other comprehensive income	—	—		—		—		1		—		1
Stock-based compensation	—	—		4		—		—		—		4
Issuance of shares for vesting of equity awards	0.1	—		—		—		—		—		—
Shares withheld for taxes on equity awards	—	—		(1)		—		—		—		(1)
Balance at June 30, 2020	115.4	$	1	$	4,847	$	(3,171)	$	(56)	$	4	$	1,625


	Three Months Ended June 30, 2019
	Common Stock					Additional Paid-In Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Non- controlling Interests		Total Equity


	Shares	Amount
Balance at March 31, 2019	114.2	$	1	$	4,841	$	(2,606)	$	(50)	$	3	$	2,189
Net Income	—	—		—		69		—		1		70
Other comprehensive loss	—	—		—		—		(1)		—		(1)
Stock-based compensation	—	—		7		—		—		—		7
Issuance of shares for vesting of equity awards	0.1	—		—		—		—		—		—
Dividends declared ($0.09 per share)	—	—		(11)		—		—		(1)		(12)
Balance at June 30, 2019	114.3	$	1	$	4,837	$	(2,537)	$	(51)	$	3	$	2,253


	Six Months Ended June 30, 2020
	Common Stock					Additional Paid-In Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Non- controlling Interests		Total Equity


	Shares	Amount
Balance at December 31, 2019	114.4	$	1	$	4,842	$	(2,695)	$	(56)	$	4	$	2,096
Net (loss) income	—	—		—		(476)		—		1		(475)
Stock-based compensation	—	—		10		—		—		—		10
Issuance of shares for vesting of equity awards	1.5	—		—		—		—		—		—
Shares withheld for taxes on equity awards	(0.5)	—		(5)		—		—		—		(5)
Dividends	—	—		—		—		—		(1)		(1)
Balance at June 30, 2020	115.4	$	1	$	4,847	$	(3,171)	$	(56)	$	4	$	1,625


	Six Months Ended June 30, 2019
	Common Stock					Additional Paid-In Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Non- controlling Interests		Total Equity


	Shares	Amount
Balance at December 31, 2018	114.6	$	1	$	4,869	$	(2,507)	$	(52)	$	4	$	2,315
Net (loss) income	—	—		—		(30)		—		1		(29)
Other comprehensive income	—	—		—		—		1		—		1
Repurchase of common stock	(1.2)	—		(20)		—		—		—		(20)
Stock-based compensation	—	—		15		—		—		—		15
Issuance of shares for vesting of equity awards	1.3	—		—		—		—		—		—
Shares withheld for taxes on equity awards	(0.4)	—		(6)		—		—		—		(6)
Dividends declared ($0.18 per share)	—	—		(21)		—		—		(2)		(23)
Balance at June 30, 2019	114.3	$	1	$	4,837	$	(2,537)	$	(51)	$	3	$	2,253

The Company has not included a statement of changes in equity for Realogy Group as the operating results of Group are consistent with the operating results of Realogy Holdings as all revenue and expenses of Realogy Group flow up to Realogy Holdings and there are no incremental activities at the Realogy Holdings level. The only difference between Realogy Group and Realogy Holdings is that the $1 million in par value of common stock in Realogy Holdings' equity is included in additional paid-in capital in Realogy Group's equity.

Shares of Company common stock that have been repurchased pursuant to prior authorizations from the Company's Board of Directors have been retired and are not displayed separately as treasury stock on the consolidated financial statements. The par value of the shares repurchased and retired is deducted from common stock and the excess of the purchase price over par value is first charged against any available additional paid-in capital with the balance charged to retained earnings. Direct costs incurred to repurchase the shares are included in the total cost of the shares.

The Company's Board of Directors authorized a share repurchase program of up to $275 million, $300 million, $350 million and $175 million of the Company's common stock in February 2016, 2017, 2018 and 2019, respectively.

In the first quarter of 2019, the Company repurchased and retired 1.2 million shares of common stock for $20 million at a weighted average market price of $17.21 per share. The Company has not repurchased any shares under the share repurchase programs since 2019, and in May 2020, the Company's Board of Directors terminated its outstanding share repurchase programs.

During the covenant period (as defined in Note 11, "Subsequent Events", to the Condensed Consolidated Financial Statements) under the Amendments to the Senior Secured Credit Agreement and Term Loan A Agreement, the Company is restricted from repurchasing shares. In addition, the restrictive covenants in the indentures governing the 9.375% Senior Notes and 7.625% Senior Secured Second Lien Notes further restrict the Company's ability to repurchase shares. See Note 5. "Short and Long-Term Debt—Unsecured Notes", to the Condensed Consolidated Financial Statements for additional information.

During the first quarter of 2020, the Company granted restricted stock units related to 0.7 million shares with a weighted average grant date fair value of $9.70 and performance stock units related to 0.9 million shares with a weighted average grant date fair value of $9.23. The Company granted all time-based equity awards in the form of restricted stock units which are subject to ratable vesting over a three-year period. Therefore, the Company did not grant shares of non-qualified stock options during the first quarter of 2020.

During the first quarter of 2020, instead of issuing stock based compensation to certain employees, the Company issued $18 million of time-vested cash awards which vest annually over a three-year vesting period, $6 million of cash-settled long-term performance awards which are tied to cumulative free cash flow goals that will vest at the end of the three-year performance cycle based on achievement of the performance metric and $3 million of cash-settled awards based on the change in Realogy stock price that will vest at the end of the three-year performance cycle.