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Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Revenues

			Revenues (a)
			Year Ended December 31,
			2020						2019						2018
Realogy Franchise Group			$	1,059					$	1,158					$	1,198
Realogy Brokerage Group			4,742						4,409						4,607
Realogy Title Group			736						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.

Reconciliation of Operating EBITDA by Business segment to Net Income (Loss)

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,
			2020						2019						2018
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, net			246						250						190
Restructuring costs, net (b)			67						52						58
Impairments (c)			682						271						—
Former parent legacy cost (d)			1						1						4
Loss (gain) on the early extinguishment of debt (d)			8						(5)						7
Operating EBITDA			$	726					$	590					$	658

			Operating EBITDA
			Year Ended December 31,
			2020						2019						2018
Realogy Franchise Group			$	594					$	616					$	650
Realogy Brokerage Group			48						4						44
Realogy Title Group			226						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.

Reconciliation of Depreciation and Amortization from Segments to Consolidated

Depreciation and Amortization

			Year Ended December 31,
			2020						2019						2018
Realogy Franchise Group			$	87					$	104					$	110
Realogy Brokerage Group			59						54						51
Realogy Title Group			11						13						13
Corporate and Other			29						24						21
Total Company			$	186					$	195					$	195

Segment Assets

Segment Assets

			As of December 31,
			2020						2019
Realogy Franchise Group			$	4,896					$	5,273
Realogy Brokerage Group			932						1,448
Realogy Title Group			659						576
Corporate and Other			447						246
Total Company			$	6,934					$	7,543

Reconciliation of Capital Expenditures from Segments to Consolidated

Capital Expenditures

			Year Ended December 31,
			2020						2019						2018
Realogy Franchise Group			$	27					$	32					$	23
Realogy Brokerage Group			39						56						44
Realogy Title Group			9						10						11
Corporate and Other			20						21						27
Total Company			$	95					$	119					$	105

Geographic Segment Information

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 assets			6,878						56						6,934
Net property and equipment			316						1						317
On or for the year ended December 31, 2019
Net revenues			$	5,762					$	108					$	5,870
Total assets			7,470						73						7,543
Net property and equipment			341						1						342
On or for the year ended December 31, 2018
Net revenues			$	5,961					$	118					$	6,079
Total assets			7,214						76						7,290
Net property and equipment			302						2						304

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