XML 68 R52.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Information - Operating EBITDA (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Segment Reporting Information [Line Items]        
Operating EBITDA $ 202 $ 310 $ 271 $ 472
Depreciation and amortization 55 51 106 102
Interest expense, net 28 57 46 95
Income tax expense 32 60 44 77
Restructuring costs, net [1] 3 5 7 10
Impairments [2] 0 1 0 2
Former parent legacy cost, net [3] 0 1 0 1
Loss on the early extinguishment of debt [3] 0 1 92 18
Gain on the sale of businesses, investments or other assets, net [4] (4) (15) (135) (15)
Net income attributable to Anywhere and Anywhere Group 88 149 111 182
Franchise Group        
Segment Reporting Information [Line Items]        
Operating EBITDA 204 224 342 365
Restructuring costs, net 1 1 2 3
Owned Brokerage Group        
Segment Reporting Information [Line Items]        
Operating EBITDA 11 70 (29) 65
Restructuring costs, net 1 2 3 4
Title Group        
Segment Reporting Information [Line Items]        
Operating EBITDA 21 55 18 116
Corporate and Other        
Segment Reporting Information [Line Items]        
Operating EBITDA [5] (34) (39) (60) (74)
Restructuring costs, net $ 1 $ 2 $ 2 $ 3
[1]
(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.
[2] Non-cash impairments for the three and six months ended June 30, 2021 primarily relate to lease asset and software impairments.
[3] Former parent legacy items and Loss on the early extinguishment of debt are recorded in Corporate and Other.
[4] 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.
[5] Includes the elimination of transactions between segments.