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Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Revenues

			Revenues (a)
			Year Ended December 31,
			2022						2021						2020
Franchise Group			$	1,145					$	1,249					$	1,059
Owned Brokerage Group			5,606						6,189						4,742
Title Group			530						952						736
Corporate and Other (b)			(373)						(407)						(316)
Total Company			$	6,908					$	7,983					$	6,221

_______________

(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.

Reconciliation of Operating EBITDA by Business segment to Net Income (Loss)

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,
			2022						2021						2020
Franchise Group			$	670					$	751					$	594
Owned Brokerage Group			(86)						109						48
Title Group			9						200						226
Corporate and Other (a)(d)			(144)						(158)						(142)
Total Company			449						902						726
Less: Depreciation and amortization			214						204						186
Interest expense, net			113						190						246
Income tax (benefit) expense			(68)						133						(104)
Restructuring costs, net (b)			32						17						67
Impairments (c)			483						4						682
Former parent legacy cost, net (d)			1						1						1
Loss on the early extinguishment of debt (d)			96						21						8
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)

______________

(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.

Reconciliation of Depreciation and Amortization from Segments to Consolidated

Depreciation and Amortization

			Year Ended December 31,
			2022						2021						2020
Franchise Group			$	119					$	112					$	87
Owned Brokerage Group			63						56						59
Title Group			11						11						11
Corporate and Other			21						25						29
Total Company			$	214					$	204					$	186

Segment Assets

Segment Assets

			As of December 31,
			2022						2021
Franchise Group			$	4,730					$	4,821
Owned Brokerage Group			741						1,021
Title Group			562						724
Corporate and Other			350						644
Total Company			$	6,383					$	7,210

Reconciliation of Capital Expenditures from Segments to Consolidated

Capital Expenditures

			Year Ended December 31,
			2022						2021						2020
Franchise Group			$	42					$	29					$	27
Owned Brokerage Group			40						43						39
Title Group			11						13						9
Corporate and Other			16						16						20
Total Company			$	109					$	101					$	95

Geographic Segment Information

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 assets			6,309						74						6,383
Net property and equipment			316						1						317
On or for the year ended December 31, 2021
Net revenues			$	7,919					$	64					$	7,983
Total assets			7,157						53						7,210
Net property and equipment			309						1						310
On or for the year ended December 31, 2020
Net revenues			$	6,145					$	76					$	6,221
Total assets			6,878						56						6,934
Net property and equipment			316						1						317

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