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Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Net revenues [1] $ 7,983 $ 6,221 $ 5,870
Expenses      
Commission and other agent-related costs 4,753 3,527 3,156
Operating 1,669 1,473 1,531
Marketing 263 215 264
General and administrative 441 412 344
Former parent legacy cost, net [2] 1 1 1
Restructuring costs, net [3],[4] 17 67 52
Impairments [5] 4 682 271
Depreciation and amortization 204 186 195
Interest expense, net 190 246 250
Loss (gain) on the early extinguishment of debt [2] 21 8 (5)
Other income, net (15) (5) 0
Total expenses 7,548 6,812 6,059
Income (loss) before income taxes, equity in earnings and noncontrolling interests 435 (591) (189)
Income tax expense (benefit) 133 (104) 14
Equity in earnings of unconsolidated entities (48) (131) (18)
Net income (loss) 350 (356) (185)
Less: Net income attributable to noncontrolling interests (7) (4) (3)
Net income (loss) attributable to Realogy Holdings and Realogy Group $ 343 $ (360) $ (188)
Earnings (loss) per share attributable to Realogy Holdings shareholders:      
Basic earnings (loss) per share $ 2.95 $ (3.13) $ (1.65)
Diluted earnings (loss) per share $ 2.85 $ (3.13) $ (1.65)
Weighted average common and common equivalent shares of Realogy Holdings outstanding:      
Basic 116.4 115.2 114.2
Diluted 120.2 115.2 114.2
Gross Commission Income      
Revenues      
Net revenues [6] $ 6,118 $ 4,669 $ 4,330
Service revenue      
Revenues      
Net revenues [7] 1,180 983 941
Franchise fees      
Revenues      
Net revenues [8] 521 419 386
Other      
Revenues      
Net revenues [9] $ 164 $ 150 $ 213
[1] Transactions between segments are eliminated in consolidation. Revenues for Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $407 million, $316 million and $293 million for the years ended December 31, 2021, 2020 and 2019, respectively. Such amounts are eliminated through the Corporate and Other line.
[2] Former parent legacy items and Loss (gain) on the early extinguishment of debt are recorded in Corporate and Other.
[3] Restructuring charges for the years ended December 31, 2020 and 2019 include $65 million and $47 million, respectively, of expense related to the Facility and Operational Efficiencies Program and $2 million and $5 million, respectively, of expense related to prior restructuring programs
[4] The year ended December 31, 2021 includes restructuring charges of $5 million at Realogy Franchise Group, $7 million at Realogy Brokerage Group and $5 million at Corporate and Other.
The year ended December 31, 2020 includes restructuring charges of $15 million at Realogy Franchise Group, $37 million at Realogy Brokerage Group, $4 million at Realogy Title Group and $11 million at Corporate and Other.
The year ended December 31, 2019 includes restructuring charges of $14 million at Realogy Franchise Group, $25 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $10 million at Corporate and Other.
[5] Non-cash impairments for the year ended December 31, 2021 primarily relate to software and lease asset impairments.
Non-cash impairments for the year ended December 31, 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;
•a goodwill impairment charge of $22 million related to Cartus Relocation Services;
•an impairment charge of $34 million related to Cartus Relocation Services' trademarks; 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 Relocation 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.
[6] Gross commission income at Realogy Brokerage Group is recognized at a point in time at the closing of a homesale transaction.
[7] 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.
[8] 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).
[9] Other revenue is comprised of brand marketing funds received at Realogy Franchise Group from franchisees, third-party listing fees in 2019, and other miscellaneous revenues across all of the business segments.