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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues [Abstract]        
Net revenues [1],[2] $ 1,857 $ 1,550 $ 4,180 $ 4,268
Expenses        
Commission and other agent-related costs 1,105 875 2,420 2,405
Operating 342 343 953 1,016
Marketing 56 63 155 200
General and administrative 97 69 230 217
Former parent legacy cost, net [3] 1 1 1 1
Restructuring costs, net [4],[5] 13 11 38 29
Impairments [6] 6 240 460 243
Depreciation and amortization 43 42 134 126
Interest expense, net 48 66 208 209
(Gain) loss on the early extinguishment of debt [3] 0 (10) 8 (5)
Total expenses 1,711 1,700 4,607 4,441
Income (loss) from continuing operations before income taxes, equity in earnings and noncontrolling interests 146 (150) (427) (173)
Income tax expense (benefit) from continuing operations 54 (23) (67) (22)
Equity in earnings of unconsolidated entities 53 7 98 15
Net income (loss) from continuing operations 145 (120) (262) (136)
(Loss) income from discontinued operations, net of tax (3) 8 (17) (5)
Estimated loss on the sale of discontinued operations, net of tax (43) 0 (97) 0
Net (loss) income from discontinued operations [7] (46) 8 (114) (5)
Net income (loss) 99 (112) (376) (141)
Less: Net income attributable to noncontrolling interests (1) (1) (2) (2)
Net income (loss) attributable to Realogy Holdings and Realogy Group $ 98 $ (113) $ (378) $ (143)
Basic earnings (loss) per share attributable to Realogy Holdings shareholders:        
Basic earnings (loss) per share from continuing operations $ 1.25 $ (1.06) $ (2.29) $ (1.21)
Basic (loss) earnings per share from discontinued operations (0.40) 0.07 (0.99) (0.04)
Basic earnings (loss) per share 0.85 (0.99) (3.28) (1.25)
Earnings Per Share [Abstract]        
Diluted earnings (loss) per share from continuing operations 1.23 (1.06) (2.29) (1.21)
Diluted (loss) earnings per share from discontinued operations (0.39) 0.07 (0.99) (0.04)
Diluted earnings (loss) per share $ 0.84 $ (0.99) $ (3.28) $ (1.25)
Weighted average common and common equivalent shares of Realogy Holdings outstanding:        
Basic 115.4 114.3 115.2 114.2
Diluted 116.7 114.3 115.2 114.2
Gross commission income        
Revenues [Abstract]        
Net revenues [8] $ 1,458 $ 1,201 $ 3,227 $ 3,310
Service revenue        
Revenues [Abstract]        
Net revenues [9] 230 191 553 503
Franchise fees        
Revenues [Abstract]        
Net revenues [10] 133 108 289 290
Other        
Revenues [Abstract]        
Net revenues [11] $ 36 $ 50 $ 111 $ 165
[1] Revenues for Realogy Franchise Group include intercompany referral commissions related to Realogy Advantage Broker Network paid by Realogy Brokerage Group of $3 million and $8 million for the three and nine months ended September 30, 2020, respectively, and $6 million and $14 million for the three and nine months ended September 30, 2019, respectively. Such amounts are recorded as contra-revenues by Realogy Brokerage Group. There are no other material intersegment transactions.
[2] 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 $97 million and $220 million for the three and nine months ended September 30, 2020, respectively, and $82 million and $224 million for the three and nine months ended September 30, 2019, respectively. Such amounts are eliminated through the Corporate and Other line.
[3] Former parent legacy items and (Gain) loss on the early extinguishment of debt are recorded in Corporate and Other.
[4] Restructuring charges for the three months ended September 30, 2020 relate to the Facility and Operational Efficiencies Program. Restructuring charges for the nine months ended September 30, 2020 include $36 million related to the Facility and Operational Efficiencies Program and $2 million related to the Leadership Realignment and Other Restructuring Activities Program. Restructuring charges for the three and nine months ended September 30, 2019 include $10 million and $25 million, respectively, related to the Facility and Operational Efficiencies Program and $1 million and $4 million, respectively, related to prior restructuring programs.
[5] The three months ended September 30, 2020 includes restructuring charges of $11 million at Realogy Brokerage Group and $2 million at Corporate and Other.
The three months ended September 30, 2019 includes restructuring charges of $2 million at Realogy Franchise Group, $8 million at Realogy Brokerage Group and $1 million at Corporate and Other.
The nine months ended September 30, 2020 includes restructuring charges of $1 million at Realogy Franchise Group, $32 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $2 million at Corporate and Other.
The nine months ended September 30, 2019 includes restructuring charges of $3 million at Realogy Franchise Group, $18 million at Realogy Brokerage Group, $2 million at Realogy Title Group and $6 million at Corporate and Other.
[6] Impairments for the three months ended September 30, 2020 relate to lease asset impairments. Impairments for the nine months ended September 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 $17 million related to lease asset impairments.Impairments for the three and nine months ended September 30, 2019 include a goodwill impairment charge of $237 million (which reduced the net carrying value of Realogy Brokerage Group by $180 million after accounting for the related income tax benefit of $57 million). In addition, the three and nine months ended September 30, 2019 include other impairment charges primarily related to lease asset impairments of $3 million and $6 million, respectively.
[7] Includes estimated loss on the sale of discontinued operations, net of tax of $43 million and $97 million for the three and nine months ended September 30, 2020, respectively.
[8] 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.
[9] 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.
[10] 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).
[11] 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.