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Segment Information (Notes)
12 Months Ended
Dec. 31, 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.
The results of Cartus Relocation Services were previously presented as discontinued operations. However, the held for sale and discontinued operations criteria in ASC Topic 360 and ASC Topic 205 were no longer met during the fourth quarter of 2020. As a result, the assets and liabilities of Cartus Relocation Services, previously presented as held for sale, have been reclassified to held and used on the Consolidated Balance Sheets as of December 31, 2020 and the results of Cartus Relocation Services have been reclassified from discontinued operations to continuing operations for all periods presented. Cartus Relocation Services’ assets and liabilities were measured at fair value upon reclassification and the
reduction to the carrying value was reported in the Impairments line in the Consolidated Statements of Operations for the year ended December 31, 2020.
During the fourth quarter of 2020, the Company changed its reportable segments to include Cartus Relocation Services within the Realogy Franchise Group. As a result of the COVID-19 crisis, relocation operations have experienced lower relocation activity which has negatively impacted such operations' operating results. However, Cartus Relocation Services continues to provide value through the generation of leads to real estate agent and brokerage participants in the networks maintained by Realogy Leads Group, which drives downstream revenue for the Company's businesses. The segment changes are reflected for all periods presented.
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)
 Year Ended December 31,
 202020192018
Realogy Franchise Group$1,059 $1,158 $1,198 
Realogy Brokerage Group4,742 4,409 4,607 
Realogy Title Group736 596 580 
Corporate and Other (b)(316)(293)(306)
Total Company$6,221 $5,870 $6,079 
_______________
(a)Transactions between segments are eliminated in consolidation. Revenues for Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $316 million, $293 million and $306 million for the years ended December 31, 2020, 2019 and 2018, respectively. Such amounts are eliminated through the Corporate and Other line.
(b)Includes the elimination of transactions between segments.
Set forth in the tables below is a reconciliation of Net (loss) income to Operating EBITDA and Operating EBITDA presented by reportable segment for the years ended December 31, 2020, 2019 and 2018:
 Year Ended December 31,
 202020192018
Net (loss) income attributable to Realogy Holdings and Realogy Group$(360)$(188)$137 
Income tax (benefit) expense(104)14 65 
(Loss) income before income taxes(464)(174)202 
Add: Depreciation and amortization (a)186 195 197 
Interest expense, net246 250 190 
Restructuring costs, net (b)67 52 58 
Impairments (c)682 271 — 
Former parent legacy cost (d)
Loss (gain) on the early extinguishment of debt (d)(5)
Operating EBITDA$726 $590 $658 

 Operating EBITDA
 Year Ended December 31,
 202020192018
Realogy Franchise Group$594 $616 $650 
Realogy Brokerage Group48 44 
Realogy Title Group226 68 49 
Corporate and Other (d)(e)(142)(98)(85)
Total Company$726 $590 $658 
______________
(a)Depreciation and amortization for the year ended December 31, 2018 includes $2 million of amortization expense related to Guaranteed Rate Affinity's purchase accounting included in the "Equity in (earnings) losses of unconsolidated entities" line on the Consolidated Statement of Operations.
(b)The year ended December 31, 2020 includes restructuring charges of $15 million at Realogy Franchise Group, $37 million at Realogy Brokerage Group, $4 million at Realogy Title Group and $11 million at Corporate and Other.
The year ended December 31, 2019 includes restructuring charges of $14 million at Realogy Franchise Group, $25 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $10 million at Corporate and Other.
The year ended December 31, 2018 includes restructuring charges of $14 million at Realogy Franchise Group, $37 million at Realogy Brokerage Group, $4 million at Realogy Title Group and $3 million at Corporate and Other.
(c)Non-cash impairments for the year ended December 31, 2020 include:
a goodwill impairment charge of $413 million related to Realogy Brokerage Group during the first quarter of 2020;
an impairment charge of $30 million related to Realogy Franchise Group's trademarks during the first quarter of 2020;
$133 million of 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;
a goodwill impairment charge of $22 million related to Cartus Relocations Services during the fourth quarter of 2020;
an impairment charge of $34 million related to Cartus Relocation Services' trademarks during the fourth quarter of 2020; and
other asset impairments of $50 million primarily related to lease asset impairments.
Non-cash impairments for the year ended December 31, 2019 include a goodwill impairment charge of $237 million related to Realogy Brokerage Group, a $22 million reduction to record net assets held for sale at the lower of carrying value or fair value, less costs to sell, for Cartus Relocations Services which was presented as held for sale at December 31, 2019 and $12 million of other impairment charges primarily related to lease asset impairments.
(d)Former parent legacy items and Loss (gain) on the early extinguishment of debt are recorded in Corporate and Other.
(e)Includes the elimination of transactions between segments.
Depreciation and Amortization
 Year Ended December 31,
 202020192018
Realogy Franchise Group$87 $104 $110 
Realogy Brokerage Group59 54 51 
Realogy Title Group11 13 13 
Corporate and Other29 24 21 
Total Company$186 $195 $195 
Segment Assets
 As of December 31,
 20202019
Realogy Franchise Group$4,896 $5,273 
Realogy Brokerage Group932 1,448 
Realogy Title Group659 576 
Corporate and Other447 246 
Total Company$6,934 $7,543 
Capital Expenditures
 Year Ended December 31,
 202020192018
Realogy Franchise Group$27 $32 $23 
Realogy Brokerage Group39 56 44 
Realogy Title Group10 11 
Corporate and Other20 21 27 
Total Company$95 $119 $105 
The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.
United
States
All Other
Countries
Total
On or for the year ended December 31, 2020
Net revenues$6,145 $76 $6,221 
Total assets6,878 56 6,934 
Net property and equipment316 317 
On or for the year ended December 31, 2019
Net revenues$5,762 $108 $5,870 
Total assets7,470 73 7,543 
Net property and equipment341 342 
On or for the year ended December 31, 2018
Net revenues$5,961 $118 $6,079 
Total assets7,214 76 7,290 
Net property and equipment302 304