XML 66 R44.htm IDEA: XBRL DOCUMENT v3.23.1
Restructuring Costs (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Restructuring Reserve [Roll Forward]    
Restructuring costs, net [1],[2] $ 25 $ 4
Franchise Group    
Restructuring Reserve [Roll Forward]    
Restructuring costs, net 6 1
Owned Brokerage Group    
Restructuring Reserve [Roll Forward]    
Restructuring costs, net 14 2
Corporate and Other    
Restructuring Reserve [Roll Forward]    
Restructuring costs, net 5 1
Operational Efficiencies Program    
Restructuring Reserve [Roll Forward]    
Balance at December 31, 2022 12  
Restructuring costs, net [3] 23  
Costs paid or otherwise settled (16)  
Balance at March 31, 2023 19  
Restructuring and Related Cost, Expected Cost [Abstract]    
Total amount expected to be incurred 47  
Amount incurred to date 43  
Total amount remaining to be incurred 4  
Operational Efficiencies Program | Franchise Group    
Restructuring and Related Cost, Expected Cost [Abstract]    
Total amount expected to be incurred 8  
Amount incurred to date 8  
Total amount remaining to be incurred 0  
Operational Efficiencies Program | Owned Brokerage Group    
Restructuring and Related Cost, Expected Cost [Abstract]    
Total amount expected to be incurred 32  
Amount incurred to date 28  
Total amount remaining to be incurred 4  
Operational Efficiencies Program | Title Group    
Restructuring and Related Cost, Expected Cost [Abstract]    
Total amount expected to be incurred 0  
Amount incurred to date 0  
Total amount remaining to be incurred 0  
Operational Efficiencies Program | Corporate and Other    
Restructuring and Related Cost, Expected Cost [Abstract]    
Total amount expected to be incurred 7  
Amount incurred to date 7  
Total amount remaining to be incurred 0  
Prior restructuring programs    
Restructuring Reserve [Roll Forward]    
Balance at December 31, 2022 12  
Restructuring costs, net 2  
Costs paid or otherwise settled (4)  
Balance at March 31, 2023 10  
Restructuring and Related Cost, Expected Cost [Abstract]    
Total amount remaining to be incurred 22  
Personnel Related    
Restructuring Reserve [Roll Forward]    
Restructuring costs, net [4] 11 1
Personnel Related | Operational Efficiencies Program    
Restructuring Reserve [Roll Forward]    
Balance at December 31, 2022 10  
Restructuring costs, net [3] 11  
Costs paid or otherwise settled (6)  
Balance at March 31, 2023 15  
Restructuring and Related Cost, Expected Cost [Abstract]    
Total amount expected to be incurred 27  
Amount incurred to date 25  
Total amount remaining to be incurred 2  
Facility Related    
Restructuring Reserve [Roll Forward]    
Restructuring costs, net [5] 14 $ 3
Facility Related | Operational Efficiencies Program    
Restructuring Reserve [Roll Forward]    
Balance at December 31, 2022 2  
Restructuring costs, net [3] 12  
Costs paid or otherwise settled (10)  
Balance at March 31, 2023 4  
Other Asset Impairment Charges 4  
Restructuring and Related Cost, Expected Cost [Abstract]    
Total amount expected to be incurred 20  
Amount incurred to date 18  
Total amount remaining to be incurred $ 2  
[1] (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.
[2] Restructuring charges for the three months ended March 31, 2023 include $23 million of expense related to the Operational Efficiencies Plan and $2 million of expense related to prior restructuring plans. Restructuring charges for the three months ended March 31, 2022 related to prior restructuring plans.
[3] In addition, the Company incurred $4 million of facility-related costs for lease asset impairments in connection with the Plan during the three months ended March 31, 2023.
[4] Personnel-related costs consist of severance costs provided to employees who have been terminated.
[5] Facility-related costs consist of costs associated with planned facility closures such as contract termination costs, amortization of lease assets that will continue to be incurred under the contract for its remaining term without economic benefit to the Company, accelerated depreciation on asset disposals and other facility and employee relocation related costs.