XML 63 R34.htm IDEA: XBRL DOCUMENT
v3.20.4

Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill [Table Text Block] | Goodwill by reportable segment and changes in the carrying amount are as follows:
| Realogy Franchise Group |  | Realogy Brokerage Group |  | Realogy Title Group |  | Total Company
Balance at January 1, 2018 | $ | 2,652 |  |  | $ | 904 |  |  | $ | 154 |  |  | $ | 3,710 |
Goodwill acquired (a) | — |  |  | 2 |  |  | — |  |  | 2 |
Balance at December 31, 2018 | 2,652 |  |  | 906 |  |  | 154 |  |  | 3,712 |
Goodwill acquired (b) | — |  |  | — |  |  | 1 |  |  | 1 |
Impairment (c) | (16) |  |  | (237) |  |  | — |  |  | (253) |
Balance at December 31, 2019 | 2,636 |  |  | 669 |  |  | 155 |  |  | 3,460 |
Goodwill acquired (d) | — |  |  | — |  |  | 1 |  |  | 1 |
Goodwill reduction for sale of a business | — |  |  | (11) |  |  | — |  |  | (11) |
Impairment (e) | (127) |  |  | (413) |  |  | — |  |  | (540) |
Balance at December 31, 2020 | $ | 2,509 |  |  | $ | 245 |  |  | $ | 156 |  |  | $ | 2,910 |
Goodwill and accumulated impairment summary: |  |  |  |  |  |
Gross goodwill | $ | 3,956 |  |  | $ | 1,053 |  |  | $ | 480 |  |  | $ | 5,489 |
Accumulated impairments (f) | (1,447) |  |  | (808) |  |  | (324) |  |  | (2,579) |
Balance at December 31, 2020 | $ | 2,509 |  |  | $ | 245 |  |  | $ | 156 |  |  | $ | 2,910 |
_______________ (a)Goodwill acquired during the year ended December 31, 2018 relates to the acquisition of three real estate brokerage operations. (b)Goodwill acquired during the year ended December 31, 2019 relates to the acquisition of two title and settlement operations. (c)The Company recognized a goodwill impairment charge of $16 million during the fourth quarter of 2019 related to the reduction to record net assets held for sale at the lower of carrying value or fair value, less costs to sell, for Cartus Relocation Services which was presented as held for sale at December 31, 2019. The Company recognized a goodwill impairment charge of $237 million during the third quarter of 2019 related to Realogy Brokerage Group. (d)Goodwill acquired during the year ended December 31, 2020 relates to the acquisition of two title and settlement operations. (e)The Company recognized a goodwill impairment charge of $105 million related to reserves recorded during the nine months ended September 30, 2020 (while Cartus Relocation Services was held for sale) to reduce the net assets to the estimated proceeds which were included in Impairments in connection with the reclassification of Cartus Relocation Services as continuing operations during the fourth quarter of 2020. Furthermore, the Company recognized an additional goodwill impairment charge of $22 million during the fourth quarter of 2020 related to Cartus Relocation Services. The Company recognized a goodwill impairment charge of $413 million during the first quarter of 2020 related to Realogy Brokerage Group. (f)Includes impairment charges which reduced goodwill by $540 million during 2020, $253 million during 2019, $1,279 million during 2008 and $507 million during 2007.
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Table Text Block] | Intangible assets are as follows:
| As of December 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) | $ | 2,010 |  |  | $ | 922 |  |  | $ | 1,088 |  |  | $ | 2,019 |  |  | $ | 859 |  |  | $ | 1,160 |
Indefinite life—Trademarks (b)(c) | $ | 685 |  |  |  |  | $ | 685 |  |  | $ | 749 |  |  |  |  | $ | 749 |
Other Intangibles |  |  |  |  |  |  |  |  |  |  |
Amortizable—License agreements (d) | $ | 45 |  |  | $ | 13 |  |  | $ | 32 |  |  | $ | 45 |  |  | $ | 12 |  |  | $ | 33 |
Amortizable—Customer relationships (e) | 509 |  |  | 376 |  |  | 133 |  |  | 545 |  |  | 378 |  |  | 167 |
Indefinite life—Title plant shares (f) | 20 |  |  |  |  | 20 |  |  | 19 |  |  |  |  | 19 |
Amortizable—Other (g) | 14 |  |  | 11 |  |  | 3 |  |  | 27 |  |  | 21 |  |  | 6 |
Total Other Intangibles | $ | 588 |  |  | $ | 400 |  |  | $ | 188 |  |  | $ | 636 |  |  | $ | 411 |  |  | $ | 225 |
_______________ (a)Generally amortized over a period of 30 years. (b)Primarily related to real estate franchise brands and relocation tradenames which are expected to generate future cash flows for an indefinite period of time. (c)Realogy Franchise Group's trademarks was impaired by $30 million during first quarter of 2020 and Cartus Relocation Services trademarks was impaired by $34 million during the fourth 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 Franchise Group, Realogy Title Group and Realogy Brokerage Group. These relationships are being amortized over a period of 2 to 20 years. The Company recognized impairment charges of $18 million and $4 million during the years ended December 31, 2020 and 2019, respectively, related to Cartus Relocation Services, as well as an $18 million reduction for the sale of a business during the year ended December 31, 2020. (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.
Schedule of Finite-Lived Intangible Assets, Amortization Expense [Table Text Block] | Intangible asset amortization expense is as follows:
| For the Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Franchise agreements | $ | 67 |  |  | $ | 67 |  |  | $ | 67 |
License agreements | 1 |  |  | 1 |  |  | 1 |
Customer relationships | 5 |  |  | 19 |  |  | 24 |
Other | 4 |  |  | 6 |  |  | 5 |
Total | $ | 77 |  |  | $ | 93 |  |  | $ | 97 |

X
- Definition Tabular disclosure of intangible assets by major class and amortization expense during the period. + References No definition available. + Details
Name: | rlgy_ScheduleofFiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | rlgy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life and indefinite life (exist in perpetuity), by major class. + References No definition available. + Details
Name: | rlgy_ScheduleofFiniteLivedandIndefiniteLivedIntangibleAssetsbyMajorClassTableTextBlock
Namespace Prefix: | rlgy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration