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Segment Information
6 Months Ended
Jun. 30, 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 June 30, Six Months Ended June 30,
 2022202120222021
Franchise Group
$339 $347 $606 $601 
Owned Brokerage Group
1,775 1,791 3,039 2,962 
Title Group
144 255 334 456 
Corporate and Other (b)(116)(117)(202)(196)
Total Company$2,142 $2,276 $3,777 $3,823 
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(a)Transactions between segments are eliminated in consolidation. Revenues for Franchise Group include intercompany royalties and marketing fees paid by Owned Brokerage Group of $116 million and $202 million for the three and six months ended June 30, 2022, respectively, and $117 million and $196 million for the three and six months ended June 30, 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 June 30, Six Months Ended June 30,
 2022202120222021
Franchise Group
$204 $224 $342 $365 
Owned Brokerage Group
11 70 (29)65 
Title Group
21 55 18 116 
Corporate and Other (a)(34)(39)(60)(74)
Total Company$202 $310 $271 $472 
Less: Depreciation and amortization55 51 106 102 
Interest expense, net
28 57 46 95 
Income tax expense
32 60 44 77 
Restructuring costs, net (b)
10 
Impairments (c)
— — 
Former parent legacy cost, net (d)— — 
Loss on the early extinguishment of debt (d)
— 92 18 
Gain on the sale of businesses, investments or other assets, net (e)
(4)(15)(135)(15)
Net income attributable to Anywhere and Anywhere Group$88 $149 $111 $182 
_______________
(a)Includes the elimination of transactions between segments.
(b)The three months ended June 30, 2022 includes restructuring charges of $1 million at Franchise Group, $1 million at Owned Brokerage Group and $1 million at Corporate and Other.
The three months ended June 30, 2021 includes restructuring charges of $1 million at Franchise Group, $2 million at Owned Brokerage Group and $2 million at Corporate and Other.
The six months ended June 30, 2022 includes restructuring charges of $2 million at Franchise Group, $3 million at Owned Brokerage Group and $2 million at Corporate and Other.
The six months ended June 30, 2021 includes restructuring charges of $3 million at Franchise Group, $4 million at Owned Brokerage Group and $3 million at Corporate and Other.
(c)Non-cash impairments for the three and six months ended June 30, 2021 primarily relate to lease asset and software impairments.
(d)Former parent legacy items and Loss on the early extinguishment of debt are recorded in Corporate and Other.
(e)Gain on the sale of businesses, investments or other assets, net is recorded in Title Group related to the sale of the Title Underwriter during the first quarter of 2022 and the sale of a portion of the Company's ownership in the Title Insurance Underwriter Joint Venture during the second quarter of 2022. Gain on the sale of businesses, investments or other assets, net is recorded in Owned Brokerage Group during the three and six months ended June 30, 2021.