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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net (loss) income $ (138) $ 23
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 50 51
Deferred income taxes (47) (6)
Impairments [1] 4 0
Amortization of deferred financing costs and debt premium 2 3
Loss on the early extinguishment of debt 0 92
Gain on the sale of businesses, investments or other assets, net [2] (1) (131)
Equity in losses of unconsolidated entities 2 10
Stock-based compensation 4 6
Mark-to-market adjustments on derivatives 0 (26)
Other adjustments to net (loss) income 0 1
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:    
Trade receivables 52 (2)
Relocation receivables (26) (35)
Other assets 9 (37)
Accounts payable, accrued expenses and other liabilities (21) (172)
Dividends received from unconsolidated entities 1 1
Other, net (4) (11)
Net cash used in operating activities (113) (233)
Investing Activities    
Property and equipment additions (18) (29)
Payments for acquisitions, net of cash acquired 0 (3)
Net proceeds from the sale of businesses 6 58
Investment in unconsolidated entities 0 (7)
Proceeds from the sale of investments in unconsolidated entities 6 0
Other, net 1 17
Net cash (used in) provided by investing activities (5) 36
Financing Activities    
Net change in Revolving Credit Facility 30 0
Proceeds from issuance of 5.25% Senior Notes 0 1,000
Redemption of 7.625% Senior Secured Second Lien Notes 0 (550)
Redemption of 9.375% Senior Notes 0 (550)
Amortization payments on term loan facilities (3) (1)
Net change in securitization obligations 11 (13)
Debt issuance costs 0 (18)
Cash paid for fees associated with early extinguishment of debt 0 (80)
Taxes paid related to net share settlement for stock-based compensation (4) (16)
Other, net (8) (9)
Net cash provided by (used in) financing activities 26 (237)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash 0 0
Net decrease in cash, cash equivalents and restricted cash (92) (434)
Cash, cash equivalents and restricted cash, beginning of period 218 743
Cash, cash equivalents and restricted cash, end of period 126 309
Supplemental Disclosure of Cash Flow Information    
Payments to Acquire Retained Interest in Securitized Receivables 3 1
Interest Paid, Excluding Capitalized Interest, Operating Activities 39 58
Income tax payments, net $ 1 $ 2
[1] Impairments primarily relate to non-cash lease asset impairments.
[2] 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.