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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Proceeds from Issuance of Senior Long-term Debt $ 550 $ 0 $ 0
Operating Activities      
Net (loss) income (356) (185) 140
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 186 [1] 195 [1] 195
Deferred income taxes (114) 3 71
Impairments 682 [2] 271 [2] 0
Amortization of deferred financing costs and debt discount 11 10 15
Loss (gain) on the early extinguishment of debt 8 (5) 7
Equity in (earnings) losses of unconsolidated entities (131) (18) 4
Stock-based compensation 39 30 40
Mark-to-market adjustments on derivatives 51 39 3
Other adjustments to net (loss) income (5) (4) 0
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:      
Trade receivables (4) 22 7
Relocation receivables 64 29 (9)
Other assets 29 4 (6)
Accounts payable, accrued expenses and other liabilities 220 (22) (71)
Dividends received from unconsolidated entities 101 3 3
Other, net (33) (1) (5)
Net cash provided by operating activities 748 371 394
Investing Activities      
Property and equipment additions (95) (119) (105)
Proceeds from the sale of assets 23 0 0
Investment in unconsolidated entities (5) (12) (15)
Proceeds from investments in unconsolidated entities 0 0 19
Other, net (13) 3 10
Net cash used in investing activities (90) (128) (91)
Financing Activities      
Net change in Revolving Credit Facility (190) (80) 200
Payments for refinancing of Term Loan B 0 0 (4)
Proceeds from issuance of Senior Secured Lien Notes 0 0 17
Proceeds from issuance of Senior Notes 0 550 0
Redemption and repurchase of Senior Notes (550) (533) 0
Amortization payments on term loan facilities (43) (30) (25)
Net change in securitization obligations (99) (26) 38
Debt issuance costs (15) (9) (16)
Cash paid for fees associated with early extinguishment of debt (7) (5) 0
Repurchase of common stock 0 (20) (402)
Dividends paid on common stock 0 (31) (45)
Taxes paid related to net share settlement for stock-based compensation (5) (6) (10)
Payments of contingent consideration related to acquisitions (2) (3) (22)
Other, net (41) (22) (28)
Net cash used in financing activities (402) (215) (297)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash 1 0 (2)
Net increase in cash, cash equivalents and restricted cash 257 28 4
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 266 238 234
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance 523 266 238
Supplemental Disclosure of Cash Flow Information      
Interest payments (including securitization interest of $5, $8 and $9 respectively) 209 210 185
Income tax (refunds) payments, net 0 (3) 7
Payments to Acquire Retained Interest in Securitized Receivables $ 5 $ 8 $ 9
[1] 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.
[2] 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.