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Segment Information
9 Months Ended
Sep. 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 businesses, investments or other assets. The Company’s presentation of Operating EBITDA may not be comparable to similar measures used by other companies.
During the fourth quarter of 2022, the Company initiated a plan to integrate Owned Brokerage Group and Title Group. Accordingly, as a result of this effort, the Company will reassess its operating and reportable segments in the fourth quarter.
 Revenues (a)
 Three Months Ended September 30, Nine Months Ended September 30,
 2022202120222021
Franchise Group
$306 $342 $912 $943 
Owned Brokerage Group
1,486 1,705 4,525 4,667 
Title Group
113 250 447 706 
Corporate and Other (b)(97)(111)(299)(307)
Total Company$1,808 $2,186 $5,585 $6,009 
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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 $97 million and $299 million for the three and nine months ended September 30, 2022, respectively, and $111 million and $307 million for the three and nine months ended September 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 September 30, Nine Months Ended September 30,
 2022202120222021
Franchise Group
$202 $211 $544 $576 
Owned Brokerage Group
(1)51 (30)116 
Title Group
54 27 170 
Corporate and Other (a)(44)(43)(104)(117)
Total Company$166 $273 $437 $745 
Less: Depreciation and amortization53 50 159 152 
Interest expense, net
30 52 76 147 
Income tax expense
48 52 125 
Restructuring costs, net (b)
16 23 14 
Impairments (c)
Former parent legacy cost, net (d)— 
Loss on the early extinguishment of debt (d)
— 92 21 
Loss (gain) on the sale of businesses, investments or other assets, net (e)
— (135)(14)
Net income attributable to Anywhere and Anywhere Group$55 $114 $166 $296 
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(a)Includes the elimination of transactions between segments.
(b)The three months ended September 30, 2022 includes restructuring charges of $2 million at Franchise Group, $8 million at Owned Brokerage Group and $6 million at Corporate and Other.
The three months ended September 30, 2021 includes restructuring charges of $1 million at Franchise Group, $2 million at Owned Brokerage Group and $1 million at Corporate and Other.
The nine months ended September 30, 2022 includes restructuring charges of $4 million at Franchise Group, $11 million at Owned Brokerage Group and $8 million at Corporate and Other.
The nine months ended September 30, 2021 includes restructuring charges of $4 million at Franchise Group, $6 million at Owned Brokerage Group and $4 million at Corporate and Other.
(c)Non-cash impairments primarily relate to software and lease asset impairments.
(d)Former parent legacy items and Loss on the early extinguishment of debt are recorded in Corporate and Other.
(e)Loss (gain) on the sale of businesses, investments or other assets, net for the nine months ended September 30, 2022 is recorded in Title Group and 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. Loss (gain) on the sale of businesses, investments or other assets, net for the nine months ended September 30, 2021 is primarily recorded in Owned Brokerage Group.