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Basis Of Presentation (Tables)
 6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fair Value Hierarchy
The following table summarizes fair value measurements by level at June 30, 2020 for assets and liabilities measured at fair value on a recurring basis:
Level ILevel IILevel IIITotal
Deferred compensation plan assets (included in other non-current assets)$1  $—  $—  $1  
Interest rate swaps (included in other current and non-current liabilities)—  99  —  99  
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)
—  —  5  5  
The following table summarizes fair value measurements by level at December 31, 2019 for assets and liabilities measured at fair value on a recurring basis:
Level ILevel IILevel IIITotal
Deferred compensation plan assets (included in other non-current assets)$2  $—  $—  $2  
Interest rate swaps (included in other current and non-current liabilities)—  47  —  47  
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)
—  —  4  4  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents changes in Level III financial liabilities measured at fair value on a recurring basis:
Level III
Fair value of contingent consideration at December 31, 2019$4  
Additions: contingent consideration related to acquisitions completed during the period1  
Reductions: payments of contingent consideration
—  
Changes in fair value (reflected in general and administrative expenses)—  
Fair value of contingent consideration at June 30, 2020$5  
Fair Value, by Balance Sheet Grouping
The following table summarizes the principal amount of the Company’s indebtedness compared to the estimated fair value, primarily determined by quoted market values, at:
 June 30, 2020December 31, 2019
DebtPrincipal AmountEstimated
Fair Value (a)		Principal AmountEstimated
Fair Value (a)
Senior Secured Credit Facility:
Revolving Credit Facility$815  $815  $190  $190  
Term Loan B1,053  963  1,058  1,048  
Term Loan A Facility:
Term Loan A703  650  717  705  
7.625% Senior Secured Second Lien Notes550  549  —  —  
5.25% Senior Notes—  —  550  557  
4.875% Senior Notes407  383  407  401  
9.375% Senior Notes550  513  550  572  
_______________
(a)The fair value of the Company's indebtedness is categorized as Level II.
Schedule of Derivative Instruments As of June 30, 2020, the Company had interest rate swaps with an aggregate notional value of $1,600 million to offset the variability in cash flows resulting from the term loan facilities as follows:
Notional Value (in millions)Commencement DateExpiration Date
$600August 2015August 2020(a)
$450November 2017November 2022
$400August 2020(a)August 2025
$150November 2022November 2027
_______________
(a)Interest rate swaps with a notional value of $600 million expire on August 7, 2020, and interest rate swaps with a notional value of $400 million commence on August 14, 2020.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The fair value of derivative instruments was as follows:
Not Designated as Hedging InstrumentsBalance Sheet LocationJune 30, 2020December 31, 2019
Interest rate swap contractsOther current and non-current liabilities99  47  
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The effect of derivative instruments on earnings was as follows:
Derivative Instruments Not Designated as Hedging InstrumentsLocation of Loss Recognized for Derivative InstrumentsLoss Recognized on Derivatives
Three Months Ended June 30, Six Months Ended June 30,
2020201920202019
Interest rate swap contractsInterest expense$8  $24  $59  $38  
Disaggregation of Revenue
Revenue
Revenue is recognized upon the transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services in accordance with the revenue standard.  The Company's revenue is disaggregated by major revenue categories on our Condensed Consolidated Statements of Operations and further disaggregated by business segment as follows:
Three Months Ended June 30,
 Realogy Franchise GroupRealogy Brokerage GroupRealogy Title
Group		Corporate and OtherTotal
Company
2020201920202019202020192020201920202019
Gross commission income (a)$—  $—  $919  $1,310  $—  $—  $—  $—  $919  $1,310  
Service revenue (b)14  26  4  3  154  154  —  —  172  183  
Franchise fees (c)148  196  —  —  —  —  (63) (84) 85  112  
Other (d)17  38  10  18  6  6  (2) (3) 31  59  
Net revenues$179  $260  $933  $1,331  $160  $160  $(65) $(87) $1,207  $1,664  

Six Months Ended June 30,
Realogy Franchise GroupRealogy Brokerage GroupRealogy Title
Group		Corporate and OtherTotal
Company
2020201920202019202020192020201920202019
Gross commission income (a)$—  $—  $1,769  $2,109  $—  $—  $—  $—  $1,769  $2,109  
Service revenue (b)27  42  9  5  287  265  —  —  323  312  
Franchise fees (c)275  319  —  —  —  —  (119) (137) 156  182  
Other (d)45  78  24  33  10  9  (4) (5) 75  115  
Net revenues$347  $439  $1,802  $2,147  $297  $274  $(123) $(142) $2,323  $2,718  
______________
(a)Consists primarily of revenues related to gross commission income at Realogy Brokerage Group, which is recognized at a point in time at the closing of a homesale transaction.
(b)Service revenue primarily consists of title and escrow fees at Realogy Title Group, which are recognized at a point in time at the closing of a homesale transaction.
(c)Franchise fees at Realogy Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
(d)Other revenue is comprised of brand marketing funds received at Realogy Franchise Group from franchisees, third-party listing fees in 2019 and other miscellaneous revenues across all of the business segments.
Deferred Revenue by Arrangement
The following table shows the change in the Company's contract liabilities (deferred revenue) related to revenue contracts by reportable segment for the period:
 Beginning Balance at January 1, 2020Additions during the periodRecognized as Revenue during the periodEnding Balance at June 30, 2020
Realogy Franchise Group:
Deferred area development fees (a)$48  $—  $(5) $43  
Deferred brand marketing fund fees (b)13  22  (32) 3  
Other deferred income related to revenue contracts11  14  (14) 11  
Total Realogy Franchise Group 72  36  (51) 57  
Realogy Brokerage Group:
Advanced commissions related to development business (c)9  2  (2) 9  
Other deferred income related to revenue contracts4  1  (2) 3  
Total Realogy Brokerage Group13  3  (4) 12  
Total$85  $39  $(55) $69  
_______________
(a)The Company collects initial area development fees ("ADF") for international territory transactions, which are recorded as deferred revenue when received and recognized into franchise revenue over the average 25 year life of the related franchise agreement as consideration for the right to access and benefit from Realogy’s brands. In the event an ADF agreement is terminated prior to the end of its term, the unamortized deferred revenue balance will be recognized into revenue immediately upon termination.
(b)Revenues recognized include intercompany marketing fees paid by Realogy Brokerage Group.
(c)New development closings generally have a development period of between 18 and 24 months from contracted date to closing.