XML 53 R29.htm IDEA: XBRL DOCUMENT v3.21.2
Basis Of Presentation Revenue Recognition - Deferred Revenue (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jan. 01, 2021
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Deferred Revenue $ 90 $ 82
Deferred Revenue, Additions 93  
Deferred Revenue, Revenue Recognized (85)  
Realogy Franchise Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Deferred Revenue 77 70
Deferred Revenue, Additions 90  
Deferred Revenue, Revenue Recognized (83)  
Realogy Brokerage Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Deferred Revenue 13 12
Deferred Revenue, Additions 3  
Deferred Revenue, Revenue Recognized $ (2)  
Minimum | Realogy Franchise Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Outsourcing Management Fees Period 3 months  
Minimum | Realogy Brokerage Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
New Development Period 18 months  
Maximum | Realogy Franchise Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Outsourcing Management Fees Period 6 months  
Maximum | Realogy Brokerage Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
New Development Period 24 months  
International Franchise Rights | Realogy Franchise Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Finite-Lived Intangible Asset, Useful Life 25 years  
Area Development Fees | Realogy Franchise Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Deferred Revenue [1] $ 41 43
Deferred Revenue, Additions [1] 1  
Deferred Revenue, Revenue Recognized [1] (3)  
Brand Marketing Fees | Realogy Franchise Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Deferred Revenue [2] 19 14
Deferred Revenue, Additions [2] 51  
Deferred Revenue, Revenue Recognized [2] (46)  
Outsourcing Management Fees | Realogy Franchise Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Deferred Revenue [3] 6 3
Deferred Revenue, Additions [3] 21  
Deferred Revenue, Revenue Recognized [3] (18)  
Deferred Income, Other | Realogy Franchise Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Deferred Revenue 11 10
Deferred Revenue, Additions 17  
Deferred Revenue, Revenue Recognized (16)  
Deferred Income, Other | Realogy Brokerage Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Deferred Revenue 3 3
Deferred Revenue, Additions 2  
Deferred Revenue, Revenue Recognized (2)  
New Development Business | Realogy Brokerage Group    
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]    
Deferred Revenue [4] 10 $ 9
Deferred Revenue, Additions [4] 1  
Deferred Revenue, Revenue Recognized [4] $ 0  
[1] The Company collects initial area development fees ("ADF") for international territory transactions, which are recorded as deferred revenue when received and recognized into franchise revenue over the average 25 year life of the related franchise agreement as consideration for the right to access and benefit from Realogy’s brands. In the event an ADF agreement is terminated prior to the end of its term, the unamortized deferred revenue balance will be recognized into revenue immediately upon termination.
[2] Revenues recognized include intercompany marketing fees paid by Realogy Brokerage Group.
[3] The Company earns revenues from outsourcing management fees charged to clients that may cover several of the relocation services listed above, according to the clients' specific needs. Outsourcing management fees are recorded as deferred revenue when billed (usually at the start of the relocation) and are recognized as revenue over the average time period required to complete the transferee's move, or a phase of the move that the fee covers, which is typically 3 to 6 months depending on the move type.
[4] New development closings generally have a development period of between 18 and 24 months from contracted date to closing.