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Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Revenues

			Revenues (a)
			Year Ended December 31,
			2021						2020						2019
Realogy Franchise Group			$	1,249					$	1,059					$	1,158
Realogy Brokerage Group			6,189						4,742						4,409
Realogy Title Group			952						736						596
Corporate and Other (b)			(407)						(316)						(293)
Total Company			$	7,983					$	6,221					$	5,870

_______________

(a)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.

(b)Includes the elimination of transactions between segments.

Reconciliation of Operating EBITDA by Business segment to Net Income (Loss)

Set forth in the tables below is a reconciliation of Net income (loss) to Operating EBITDA and Operating EBITDA presented by reportable segment for the years ended December 31, 2021, 2020 and 2019:

			Year Ended December 31,
			2021						2020						2019
Net income (loss) attributable to Realogy Holdings and Realogy Group			$	343					$	(360)					$	(188)
Income tax expense (benefit)			133						(104)						14
Income (loss) before income taxes			476						(464)						(174)
Add: Depreciation and amortization			204						186						195
Interest expense, net			190						246						250
Restructuring costs, net (a)			17						67						52
Impairments (b)			4						682						271
Former parent legacy cost, net (c)			1						1						1
Loss (gain) on the early extinguishment of debt (c)			21						8						(5)
Gain on the sale of business, net (d)			(11)						—						—
Operating EBITDA			$	902					$	726					$	590

			Operating EBITDA
			Year Ended December 31,
			2021						2020						2019
Realogy Franchise Group			$	751					$	594					$	616
Realogy Brokerage Group			109						48						4
Realogy Title Group			200						226						68
Corporate and Other (c)(e)			(158)						(142)						(98)
Total Company			$	902					$	726					$	590

______________

(a)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.

(b)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.

(c)Former parent legacy items and Loss (gain) on the early extinguishment of debt are recorded in Corporate and Other.

(d)Gain on the sale of business, net is primarily recorded in Realogy Brokerage Group.

(e)Includes the elimination of transactions between segments.

Reconciliation of Depreciation and Amortization from Segments to Consolidated

Depreciation and Amortization

			Year Ended December 31,
			2021						2020						2019
Realogy Franchise Group			$	112					$	87					$	104
Realogy Brokerage Group			56						59						54
Realogy Title Group			11						11						13
Corporate and Other			25						29						24
Total Company			$	204					$	186					$	195

Segment Assets

Segment Assets

			As of December 31,
			2021						2020
Realogy Franchise Group			$	4,821					$	4,896
Realogy Brokerage Group			1,021						932
Realogy Title Group			724						659
Corporate and Other			644						447
Total Company			$	7,210					$	6,934

Reconciliation of Capital Expenditures from Segments to Consolidated

Capital Expenditures

			Year Ended December 31,
			2021						2020						2019
Realogy Franchise Group			$	29					$	27					$	32
Realogy Brokerage Group			43						39						56
Realogy Title Group			13						9						10
Corporate and Other			16						20						21
Total Company			$	101					$	95					$	119

Geographic Segment Information

The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.

			United States						All Other Countries						Total
On or for the year ended December 31, 2021
Net revenues			$	7,919					$	64					$	7,983
Total assets			7,157						53						7,210
Net property and equipment			309						1						310
On or for the year ended December 31, 2020
Net revenues			$	6,145					$	76					$	6,221
Total assets			6,878						56						6,934
Net property and equipment			316						1						317
On or for the year ended December 31, 2019
Net revenues			$	5,762					$	108					$	5,870
Total assets			7,470						73						7,543
Net property and equipment			341						1						342

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