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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues [Abstract]        
Net revenues [1] $ 2,186 $ 1,909 $ 6,009 $ 4,332
Expenses        
Commission and other agent-related costs 1,309 1,105 3,567 2,420
Operating 424 380 1,230 1,068
Marketing 69 55 193 155
General and administrative 120 108 324 265
Former parent legacy cost, net [2] 0 1 1 1
Restructuring costs, net [3] 4 17 14 47
Impairments [4] 1 70 3 610
Depreciation and amortization 50 43 152 134
Interest expense, net 52 48 147 208
Loss on the early extinguishment of debt [2] 3 0 21 8
Other loss (income), net 1 0 (17) 0
Total expenses 2,033 1,827 5,635 4,916
Income (loss) before income taxes, equity in earnings and noncontrolling interests 153 82 374 (584)
Income tax expense (benefit) 48 36 125 (110)
Equity in earnings of unconsolidated entities 11 53 52 98
Net income (loss) 116 99 301 (376)
Less: Net income attributable to noncontrolling interests (2) (1) (5) (2)
Net income (loss) attributable to Realogy Holdings and Realogy Group $ 114 $ 98 $ 296 $ (378)
Earnings (loss) per share attributable to Realogy Holdings shareholders:        
Basic earnings (loss) per share $ 0.98 $ 0.85 $ 2.55 $ (3.28)
Diluted earnings (loss) per share $ 0.95 $ 0.84 $ 2.46 $ (3.28)
Weighted average common and common equivalent shares of Realogy Holdings outstanding:        
Basic 116.6 115.4 116.3 115.2
Diluted 120.3 116.7 120.2 115.2
Gross commission income        
Revenues [Abstract]        
Net revenues [5] $ 1,689 $ 1,458 $ 4,616 $ 3,227
Service revenue        
Revenues [Abstract]        
Net revenues [6] 315 281 878 702
Franchise fees        
Revenues [Abstract]        
Net revenues [7] 139 133 391 289
Other        
Revenues [Abstract]        
Net revenues [8] $ 43 $ 37 $ 124 $ 114
[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 $111 million and $307 million for the three and nine months ended September 30, 2021, respectively, and $97 million and $220 million for the three and nine months ended September 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 September 30, 2021 includes restructuring charges of $1 million at Realogy Franchise Group, $2 million at Realogy Brokerage Group and $1 million at Corporate and Other.
The three months ended September 30, 2020 includes restructuring charges of $4 million at Realogy Franchise Group, $11 million at Realogy Brokerage Group and $2 million at Corporate and Other.
The nine months ended September 30, 2021 includes restructuring charges of $4 million at Realogy Franchise Group, $6 million at Realogy Brokerage Group and $4 million at Corporate and Other.
The nine months ended September 30, 2020 includes restructuring charges of $10 million at Realogy Franchise Group, $32 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $2 million at Corporate and Other.
[4] Non- cash impairments for the three and nine months ended September 30, 2021 primarily relate to software and lease asset impairments.
Non-cash impairments for the three months ended September 30, 2020 include $59 million of impairment charges during the three months ended September 30, 2020 (while Cartus Relocation Services was held for sale) to reduce the net assets to the estimated proceeds and other asset impairments of $11 million primarily related to lease asset impairments.
Non-cash impairments for the nine months ended September 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;
•$133 million of impairment charges 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; and
•other asset impairments of $34 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.