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Segment Information
3 Months Ended
Mar. 31, 2023
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.
 Revenues (a)
 Three Months Ended March 31,
 20232022
Franchise Group
$207 $267 
Owned Brokerage Group
915 1,264 
Title Group
72 190 
Corporate and Other (b)(63)(86)
Total Company$1,131 $1,635 
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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 $63 million and $86 million for the three months ended March 31, 2023 and 2022, 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 three months ended March 31, 2023 and 2022:
 Operating EBITDA
 Three Months Ended March 31,
 20232022
Franchise Group
$97 $138 
Owned Brokerage Group
(75)(40)
Title Group
(17)(3)
Corporate and Other (a)(57)(26)
Total Company$(52)$69 
Less: Depreciation and amortization50 51 
Interest expense, net
38 18 
Income tax (benefit) expense
(46)12 
Restructuring costs, net (b)
25 
Impairments (c)
— 
Former parent legacy cost, net (d)16 — 
Loss on the early extinguishment of debt (d)
— 92 
Gain on the sale of businesses, investments or other assets, net (e)
(1)(131)
Net (loss) income attributable to Anywhere and Anywhere Group$(138)$23 
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(a)Includes the elimination of transactions between segments.
(b)The three months ended March 31, 2023 includes restructuring charges of $6 million at Franchise Group, $14 million at Owned Brokerage Group and $5 million at Corporate and Other.
The three months ended March 31, 2022 includes restructuring charges of $1 million at Franchise Group, $2 million at Owned Brokerage Group and $1 million at Corporate and Other.
(c)Impairments primarily relate to non-cash lease asset impairments.
(d)Former parent legacy items and Loss on the early extinguishment of debt are recorded in Corporate and Other. Former parent legacy cost relates to recent developments in a legacy tax matter in the first quarter of 2023.
(e)Gain on the sale of businesses, investments or other assets, net is recorded in Title Group and related to the sale of a portion of the Company's ownership in the Title Insurance Underwriter Joint Venture during the first quarter of 2023 and the sale of the Title Underwriter during the first quarter of 2022.