XML 56 R32.htm IDEA: XBRL DOCUMENT v3.21.2
Intangible Assets (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Carrying amount of total other intangibles $ 540 $ 588
Accumulated Amortization 359 400
Net carrying amount of finite-lived and indefinite-lived intangible assets 181 188
Indefinite life—Trademarks (b)    
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Gross carrying amount of indefinite-lived intangible assets [1] 685 685
Indefinite life—Title plant shares (e)    
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Gross carrying amount of indefinite-lived intangible assets [2] 25 20
Amortizable—Franchise agreements (a)    
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Gross carrying amount of finite-lived intangible assets [3] 2,010 2,010
Accumulated Amortization [3] 956 922
Net carrying amount of finite-lived intangible assets [3] 1,054 1,088
Amortizable—License agreements (c)    
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Gross carrying amount of finite-lived intangible assets [4] 45 45
Accumulated Amortization [4] 13 13
Net carrying amount of finite-lived intangible assets [4] $ 32 32
Amortization period 50 years  
Amortizable—Customer relationships (d)    
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Gross carrying amount of finite-lived intangible assets [5] $ 456 509
Accumulated Amortization [5] 334 376
Net carrying amount of finite-lived intangible assets [5] 122 133
Amortizable—Other (f)    
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Gross carrying amount of finite-lived intangible assets [6] 14 14
Accumulated Amortization [6] 12 11
Net carrying amount of finite-lived intangible assets [6] $ 2 $ 3
Realogy Franchise Group | Amortizable—Franchise agreements (a)    
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Amortization period 30 years  
Minimum | Amortizable—Customer relationships (d)    
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Amortization period 2 years  
Minimum | Amortizable—Other (f)    
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Amortization period 5 years  
Maximum | Amortizable—Customer relationships (d)    
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Amortization period 20 years  
Maximum | Amortizable—Other (f)    
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]    
Amortization period 10 years  
[1] Primarily related to real estate franchise brands which are expected to generate future cash flows for an indefinite period of time.
[2] Ownership in a title plant is required to transact title insurance in certain states. The Company expects to generate future cash flows for an indefinite period of time.
[3] Generally amortized over a period of 30 years.
[4] Relates to the Sotheby’s International Realty® and Better Homes and Gardens® Real Estate agreements which are being amortized over 50 years (the contractual term of the license agreements).
[5] Relates to the customer relationships at Realogy Franchise Group, Realogy Title Group and Realogy Brokerage Group. These relationships are being amortized over a period of 2 to 20 years.
[6] Consists of covenants not to compete which are amortized over their contract lives and other intangibles which are generally amortized over periods ranging from 5 to 10 years.