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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues [Abstract]        
Net revenues [1] $ 2,276 $ 1,255 $ 3,823 $ 2,423
Expenses        
Commission and other agent-related costs 1,373 685 2,258 1,315
Operating 422 320 806 688
Marketing 66 41 124 100
General and administrative 114 69 204 157
Former parent legacy cost, net [2] 1 0 1 0
Restructuring costs, net [3] 5 18 10 30
Impairments [4] 1 63 2 540
Depreciation and amortization 51 46 102 91
Interest expense, net 57 59 95 160
Loss on the early extinguishment of debt [2] 1 8 18 8
Other income, net (16) 0 (18) 0
Total expenses 2,075 1,309 3,602 3,089
Income (loss) before income taxes, equity in earnings and noncontrolling interests 201 (54) 221 (666)
Income tax expense (benefit) 60 (5) 77 (146)
Equity in earnings of unconsolidated entities 10 36 41 45
Net income (loss) 151 (13) 185 (475)
Less: Net income attributable to noncontrolling interests (2) (1) (3) (1)
Net income (loss) attributable to Realogy Holdings and Realogy Group $ 149 $ (14) $ 182 $ (476)
Earnings (loss) per share attributable to Realogy Holdings shareholders:        
Basic earnings (loss) per share $ 1.28 $ (0.12) $ 1.57 $ (4.14)
Diluted earnings (loss) per share $ 1.25 $ (0.12) $ 1.52 $ (4.14)
Weighted average common and common equivalent shares of Realogy Holdings outstanding:        
Basic 116.5 115.4 116.2 115.0
Diluted 119.3 115.4 119.4 115.0
Gross commission income        
Revenues [Abstract]        
Net revenues [5] $ 1,773 $ 919 $ 2,927 $ 1,769
Service revenue        
Revenues [Abstract]        
Net revenues [6] 314 219 563 421
Franchise fees        
Revenues [Abstract]        
Net revenues [7] 147 85 252 156
Other        
Revenues [Abstract]        
Net revenues [8] $ 42 $ 32 $ 81 $ 77
[1] 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 $117 million and $196 million for the three and six months ended June 30, 2021, respectively, and $65 million and $123 million for the three and six months ended June 30, 2020, respectively. Such amounts are eliminated through the Corporate and Other line.
[2] Former parent legacy items and Loss on the early extinguishment of debt are recorded in Corporate and Other
[3] The three months ended June 30, 2021 includes restructuring charges of $1 million at Realogy Franchise Group, $2 million at Realogy Brokerage Group and $2 million at Corporate and Other.
The three months ended June 30, 2020 includes restructuring charges of $4 million at Realogy Franchise Group, $12 million at Realogy Brokerage Group and $2 million at Realogy Title Group.
The six months ended June 30, 2021 includes restructuring charges of $3 million at Realogy Franchise Group, $4 million at Realogy Brokerage Group and $3 million at Corporate and Other.
The six months ended June 30, 2020 includes restructuring charges of $6 million at Realogy Franchise Group, $21 million at Realogy Brokerage Group and $3 million at Realogy Title Group.
[4] Impairments for the three and six months ended June 30, 2021 primarily relate to lease asset and software impairments.
Non-cash impairments for the three months ended June 30, 2020 include $44 million of impairment charges during the three months ended June 30, 2020 (while Cartus Relocation Services was held for sale) to reduce the net assets to the estimated proceeds and other asset impairments of $19 million primarily related to lease asset impairments.
Non-cash impairments for the six months ended June 30, 2020 include:
•a goodwill impairment charge of $413 million related to Realogy Brokerage Group;
•an impairment charge of $30 million related to Realogy Franchise Group's trademarks;
•$74 million of impairment charges during the six months ended June 30, 2020 (while Cartus Relocation Services was held for sale) to reduce the net assets to the estimated proceeds; and
•other asset impairments of $23 million primarily related to lease asset impairments.
[5] Gross commission income at Realogy Brokerage Group is recognized at a point in time at the closing of a homesale transaction
[6] Service revenue primarily consists of title and escrow fees at Realogy Title Group and are recognized at a point in time at the closing of a homesale transaction. Service revenue at Realogy Franchise Group includes relocation fees, which are recognized as revenue when or as the related performance obligation is satisfied dependent on the type of service performed, and fees related to leads and related services, which are recognized at a point in time at the closing of a homesale transaction or at the completion of the related service.
[7] 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).
[8] Other revenue is comprised of brand marketing funds received from franchisees at Realogy Franchise Group and other miscellaneous revenues across all of the business segments.