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Segment Information
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
The reportable segments presented below represent the Company’s segments for which separate financial information is available and which is utilized on a regular basis by its chief operating decision maker to assess performance and to allocate resources. In identifying its reportable segments, the Company also considers the nature of services provided by its segments. During the first quarter of 2020, Realogy Leads Group was consolidated into Realogy Franchise Group and the segment change is reflected for all periods presented. Realogy Leads Group, which previously was part of Cartus, consists of the Company's affinity and broker-to-broker business, as well as the broker network made up of agents and brokers from Realogy’s residential real estate brands and certain independent real estate brokers (which is referred to as the Realogy Advantage Broker Network). The Company initiated litigation against affiliates of MDP and SIRVA to enforce SIRVA’s obligations under the Purchase Agreement as described in Note 9. "Commitments and Contingencies". Based upon developments in this litigation, the Company may reassess segment classification in future periods.
Management evaluates the operating results of each of its reportable segments based upon revenue and Operating EBITDA. Operating EBITDA is defined by us as net income (loss) before depreciation and amortization, interest expense, net, income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, gains or losses on the early extinguishment of debt, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets. The Company’s presentation of Operating EBITDA may not be comparable to similar measures used by other companies.
 Revenues (a) (b)
 Three Months Ended June 30, Six Months Ended June 30,
 2020201920202019
Realogy Franchise Group$179  $260  $347  $439  
Realogy Brokerage Group933  1,331  1,802  2,147  
Realogy Title Group160  160  297  274  
Corporate and Other (c)(65) (87) (123) (142) 
Total Company$1,207  $1,664  $2,323  $2,718  
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(a)Transactions between segments are eliminated in consolidation. Revenues for the Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $65 million and $123 million for the three and six months ended June 30, 2020, respectively, and $87 million and $142 million for the three and six months ended June 30, 2019, respectively. Such amounts are eliminated through the Corporate and Other line.
(b)Revenues for Realogy Franchise Group include intercompany referral commissions related to Realogy Advantage Broker Network paid by Realogy Brokerage Group of $3 million and $5 million for the three and six months ended June 30, 2020, respectively, and $5 million and $8 million for the three and six months ended June 30, 2019, respectively. 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.
 Operating EBITDA
 Three Months Ended June 30, Six Months Ended June 30,
 2020201920202019
Realogy Franchise Group$122  $180  $223  $278  
Realogy Brokerage Group15  47  (36) (15) 
Realogy Title Group61  32  73  23  
Corporate and Other (a)(26) (24) (51) (49) 
Total continuing operations172  235  209  237  
Less: Depreciation and amortization46  43  91  84  
Interest expense, net
59  80  160  143  
Income tax expense (benefit)
11  33  (121)  
Restructuring costs, net (b)
14   25  18  
Impairments (c)
  454   
Loss on the early extinguishment of debt (d)
 —    
Net income (loss) from continuing operations attributable to Realogy Holdings and Realogy Group
27  68  (408) (17) 
Net (loss) income from discontinued operations(41)  (68) (13) 
Net (loss) income attributable to Realogy Holdings and Realogy Group
$(14) $69  $(476) $(30) 
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(a)Includes the elimination of transactions between segments.
(b)The three months ended June 30, 2020 includes restructuring charges of $12 million at Realogy Brokerage Group and $2 million at Realogy Title Group.
The three months ended June 30, 2019 includes restructuring charges of $1 million at Realogy Franchise Group, $6 million at Realogy Brokerage Group, $1 million at Realogy Title Group and $1 million at Corporate and Other.
The six months ended June 30, 2020 includes restructuring charges of $1 million at Realogy Franchise Group, $21 million at Realogy Brokerage Group and $3 million at Realogy Title Group.
The six months ended June 30, 2019 includes restructuring charges of $1 million at Realogy Franchise Group, $10 million at Realogy Brokerage Group, $2 million at Realogy Title Group and $5 million at Corporate and Other.
(c)Impairments for the three months ended June 30, 2020 and for the three and six months ended June 30, 2019 relate to lease asset impairments.
Impairments for the six months ended June 30, 2020 include a goodwill impairment charge of $413 million which reduced the net carrying value of Realogy Brokerage Group by $314 million after accounting for the related income tax benefit of $99 million, an impairment charge of $30 million which reduced the carrying value of trademarks at Realogy Franchise Group and $11 million related to lease asset impairments.
(d)Loss on the early extinguishment of debt is recorded in Corporate and Other.