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Segment Information (Notes)
12 Months Ended
Dec. 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 businesses, investments or other assets. The Company’s presentation of Operating EBITDA may not be comparable to similar measures used by other companies.
In October 2022, the Company initiated a plan to integrate Owned Brokerage Group and Title Group. However, based upon industry and business developments during the fourth quarter of 2022, the Company has determined that its reportable segments will remain consistent at December 31, 2022 with prior periods.
 Revenues (a)
 Year Ended December 31,
 202220212020
Franchise Group$1,145 $1,249 $1,059 
Owned Brokerage Group5,606 6,189 4,742 
Title Group530 952 736 
Corporate and Other (b)(373)(407)(316)
Total Company$6,908 $7,983 $6,221 
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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 $373 million, $407 million and $316 million for the years ended December 31, 2022, 2021 and 2020, respectively. Such amounts are eliminated through the Corporate and Other line.
(b)Includes the elimination of transactions between segments.
Set forth in the table below is Operating EBITDA presented by reportable segment and a reconciliation to Net (loss) income attributable to Anywhere and Anywhere Group for the years ended December 31, 2022, 2021 and 2020:
 Operating EBITDA
 Year Ended December 31,
 202220212020
Franchise Group$670 $751 $594 
Owned Brokerage Group(86)109 48 
Title Group200 226 
Corporate and Other (a)(d)(144)(158)(142)
Total Company449 902 726 
Less: Depreciation and amortization214 204 186 
Interest expense, net113 190 246 
Income tax (benefit) expense(68)133 (104)
Restructuring costs, net (b)32 17 67 
Impairments (c)483 682 
Former parent legacy cost, net (d)
Loss on the early extinguishment of debt (d)96 21 
Gain on the sale of businesses, investments or other assets, net (e)(135)(11)— 
Net (loss) income attributable to Anywhere and Anywhere Group$(287)$343 $(360)
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(a)Includes the elimination of transactions between segments.
(b)The year ended December 31, 2022 includes restructuring charges of $1 million at Franchise Group, $19 million at Owned Brokerage Group and $12 million at Corporate and Other.
The year ended December 31, 2021 includes restructuring charges of $5 million at Franchise Group, $7 million at Owned Brokerage Group and $5 million at Corporate and Other.
The year ended December 31, 2020 includes restructuring charges of $15 million at Franchise Group, $37 million at Owned Brokerage Group, $4 million at Title Group and $11 million at Corporate and Other.
(c)Non-cash impairments for the year ended December 31, 2022 include an impairment of goodwill at the Owned Brokerage Group reporting unit of $280 million, an impairment of goodwill at the Franchise Group segment of $114 million related to the Cartus/Leads Group reporting unit, an impairment of franchise trademarks of $76 million and $13 million of other impairment charges related to lease asset, investment and software impairments.
Non-cash impairments for the year ended December 31, 2021 primarily relate to software and lease asset impairments.
Non-cash impairments for the year ended December 31, 2020 include:
a goodwill impairment charge of $413 million related to Owned Brokerage Group;
an impairment charge of $30 million related to Franchise Group's trademarks;
$133 million of impairment charges during the nine months ended September 30, 2020 (while Cartus was held for sale) to reduce the net assets to the estimated proceeds;
a goodwill impairment charge of $22 million related to Cartus;
an impairment charge of $34 million related to Cartus' trademarks; and
other asset impairments of $50 million primarily related to lease asset 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 for the year ended December 31, 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. Gain on the sale of businesses, investments or other assets, net for the year ended December 31, 2021 is primarily recorded in Owned Brokerage Group.
Depreciation and Amortization
 Year Ended December 31,
 202220212020
Franchise Group$119 $112 $87 
Owned Brokerage Group63 56 59 
Title Group11 11 11 
Corporate and Other21 25 29 
Total Company$214 $204 $186 
Segment Assets
 As of December 31,
 20222021
Franchise Group$4,730 $4,821 
Owned Brokerage Group741 1,021 
Title Group562 724 
Corporate and Other350 644 
Total Company$6,383 $7,210 
Capital Expenditures
 Year Ended December 31,
 202220212020
Franchise Group$42 $29 $27 
Owned Brokerage Group40 43 39 
Title Group11 13 
Corporate and Other16 16 20 
Total Company$109 $101 $95 
The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.
United
States
All Other
Countries
Total
On or for the year ended December 31, 2022
Net revenues$6,829 $79 $6,908 
Total assets6,309 74 6,383 
Net property and equipment316 317 
On or for the year ended December 31, 2021
Net revenues$7,919 $64 $7,983 
Total assets7,157 53 7,210 
Net property and equipment309 310 
On or for the year ended December 31, 2020
Net revenues$6,145 $76 $6,221 
Total assets6,878 56 6,934 
Net property and equipment316 317