XML 68 R54.htm IDEA: XBRL DOCUMENT v3.22.2.2
Segment Information - Operating EBITDA (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Segment Reporting Information [Line Items]        
Operating EBITDA $ 166 $ 273 $ 437 $ 745
Depreciation and amortization 53 50 159 152
Interest expense, net 30 52 76 147
Income tax expense 8 48 52 125
Restructuring costs, net [1] 16 4 23 14
Impairments [2] 3 1 3 3
Former parent legacy cost, net [3] 1 0 1 1
Loss on the early extinguishment of debt [3] 0 3 92 21
Gain on the sale of businesses, investments or other assets, net [4] 0 1 (135) (14)
Net income attributable to Anywhere and Anywhere Group 55 114 166 296
Franchise Group        
Segment Reporting Information [Line Items]        
Operating EBITDA 202 211 544 576
Restructuring costs, net 2 1 4 4
Owned Brokerage Group        
Segment Reporting Information [Line Items]        
Operating EBITDA (1) 51 (30) 116
Restructuring costs, net 8 2 11 6
Title Group        
Segment Reporting Information [Line Items]        
Operating EBITDA 9 54 27 170
Corporate and Other        
Segment Reporting Information [Line Items]        
Operating EBITDA [5] (44) (43) (104) (117)
Restructuring costs, net $ 6 $ 1 $ 8 $ 4
[1]
(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.
[2] Non-cash impairments primarily relate to software and lease asset impairments.
[3] Former parent legacy items and Loss on the early extinguishment of debt are recorded in Corporate and Other.
[4] 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.
[5] Includes the elimination of transactions between segments.