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Segment Information
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
The reportable segments presented below represent the Company’s segments for which separate financial information is available and which is utilized on a regular basis by its chief operating decision maker to assess performance and to allocate resources. In identifying its reportable segments, the Company also considers the nature of services provided by its segments.
Management evaluates the operating results of each of its reportable segments based upon revenue and Operating EBITDA. Operating EBITDA is defined by us as net income (loss) before depreciation and amortization, interest expense, net (other than relocation services interest for securitization assets and securitization obligations), income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, gains or losses on the early extinguishment of debt, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets. The Company’s presentation of Operating EBITDA may not be comparable to similar measures used by other companies.
 Revenues (a)
 Three Months Ended March 31,
 20222021
Realogy Franchise Group$267 $254 
Realogy Brokerage Group1,264 1,171 
Realogy Title Group190 201 
Corporate and Other (b)(86)(79)
Total Company$1,635 $1,547 
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(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 $86 million and $79 million for the three months ended March 31, 2022 and 2021, respectively. Such amounts are eliminated through the Corporate and Other line.
(b)Includes the elimination of transactions between segments.
 Operating EBITDA
 Three Months Ended March 31,
 20222021
Realogy Franchise Group$138 $141 
Realogy Brokerage Group(40)(5)
Realogy Title Group(3)61 
Corporate and Other (a)(26)(35)
Total Company$69 $162 
Less: Depreciation and amortization51 51 
Interest expense, net
18 38 
Income tax expense
12 17 
Restructuring costs, net (b)
Impairments (c)
— 
Loss on the early extinguishment of debt (d)
92 17 
Gain on the sale of business, net (e)
(131)— 
Net income attributable to Realogy Holdings and Realogy Group$23 $33 
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(a)Includes the elimination of transactions between segments.
(b)The three months ended March 31, 2022 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 March 31, 2021 includes restructuring charges of $2 million at Realogy Franchise Group, $2 million at Realogy Brokerage Group and $1 million at Corporate and Other.
(c)Non-cash impairments for the three months ended March 31, 2021 relate to lease asset impairments.
(d)Loss on the early extinguishment of debt is recorded in Corporate and Other.
(e)Gain on the sale of business, net is recorded in Realogy Title Group related to the sale of the Title Underwriter.