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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues [Abstract]        
Net revenues [1] $ 1,671 $ 2,142 $ 2,802 $ 3,777
Expenses        
Commission and other agent-related costs 1,092 1,402 1,815 2,390
Operating 299 356 585 762
Marketing 56 72 105 136
General and administrative 104 107 227 205
Former parent legacy cost, net [2] 1 0 17 0
Restructuring costs, net [3],[4] 6 3 31 7
Impairments [5] 4 0 8 0
Depreciation and amortization 49 55 99 106
Interest expense, net 39 28 77 46
Loss on the early extinguishment of debt [2] 0 0 0 92
Other income, net (1) (7) (2) (138)
Total expenses 1,649 2,016 2,962 3,606
Income (loss) before income taxes, equity in (earnings) losses and noncontrolling interests 22 126 (160) 171
Income tax expense (benefit) 8 32 (38) 44
Equity in (earnings) losses of unconsolidated entities (5) 4 (3) 14
Net income (loss) 19 90 (119) 113
Less: Net income attributable to noncontrolling interests 0 (2) 0 (2)
Net income (loss) attributable to Anywhere and Anywhere Group $ 19 $ 88 $ (119) $ 111
Earnings (loss) per share attributable to Anywhere shareholders:        
Basic earnings (loss) per share $ 0.17 $ 0.76 $ (1.08) $ 0.95
Diluted earnings (loss) per share $ 0.17 $ 0.75 $ (1.08) $ 0.93
Weighted average common and common equivalent shares of Anywhere outstanding:        
Basic 110.4 116.5 110.1 116.8
Diluted 111.3 117.8 110.1 118.9
Gross commission income        
Revenues [Abstract]        
Net revenues [6] $ 1,363 $ 1,757 $ 2,266 $ 3,004
Service revenue        
Revenues [Abstract]        
Net revenues [7] 163 217 290 463
Franchise fees        
Revenues [Abstract]        
Net revenues [8] 102 125 171 224
Other        
Revenues [Abstract]        
Net revenues [9] $ 43 $ 43 $ 75 $ 86
[1] Transactions between segments are eliminated in consolidation. Revenues for Franchise Group include intercompany royalties and marketing fees paid by Owned Brokerage Group of $93 million and $156 million for the three and six months ended June 30, 2023, respectively, and $116 million and $202 million for the three and six months ended June 30, 2022, respectively. Such amounts are eliminated through the Corporate and Other line.
[2] 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.
[3]
(b)The three months ended June 30, 2023 includes restructuring charges of $4 million at Owned Brokerage Group, $1 million at Title Group and $1 million at Corporate and Other.
The three months ended June 30, 2022 includes restructuring charges of $1 million at Franchise Group, $1 million at Owned Brokerage Group and $1 million at Corporate and Other.
The six months ended June 30, 2023 includes restructuring charges of $6 million at Franchise Group, $18 million at Owned Brokerage Group, $1 million at Title Group and $6 million at Corporate and Other.
The six months ended June 30, 2022 includes restructuring charges of $2 million at Franchise Group, $3 million at Owned Brokerage Group and $2 million at Corporate and Other.
[4] Restructuring charges for the three months ended June 30, 2023 include $5 million of expense related to the Operational Efficiencies Plan and $1 million of expense related to prior restructuring plans. Restructuring charges for the six months ended June 30, 2023 include $28 million of expense related to the Operational Efficiencies Plan and $3 million of expense related to prior restructuring plans. Restructuring charges for the three and six months ended June 30, 2022 related to prior restructuring plans.
[5] Impairments primarily relate to non-cash lease asset impairments.
[6] Gross commission income at Owned Brokerage Group is recognized at a point in time at the closing of a homesale transaction
[7] Service revenue primarily consists of title and escrow fees at Title Group and are recognized at a point in time at the closing of a homesale transaction. Service revenue at Franchise Group includes relocation fees, which are recognized as revenue when or as the related performance obligation is satisfied dependent on the type of service performed, and fees related to leads and related services, which are recognized at a point in time at the closing of a homesale transaction or at the completion of the related service.
[8] Franchise fees at Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
[9] Other revenue is comprised of brand marketing funds received from franchisees at Franchise Group and other miscellaneous revenues across all of the business segments.