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Equity
9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] EQUITY
Condensed Consolidated Statement of Changes in Equity for Anywhere
 Three Months Ended September 30, 2023
 Common StockAdditional
Paid-In
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Non-
controlling
Interests
Total
Equity
SharesAmount
Balance at June 30, 2023110.4 $$4,809 $(3,113)$(47)$$1,653 
Net income— — — 129 — — 129 
Stock-based compensation
— — — — — 
Issuance of shares for vesting of equity awards0.1 — — — — — — 
Dividends— — — — — (1)(1)
Balance at September 30, 2023110.5 $$4,813 $(2,984)$(47)$$1,785 
 Three Months Ended September 30, 2022
 Common StockAdditional
Paid-In
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Non-
controlling
Interests
Total
Equity
SharesAmount
Balance at June 30, 2022114.4 $$4,849 $(2,596)$(49)$$2,209 
Net income— — — 55 — 56 
Other comprehensive loss— — — — (1)— (1)
Repurchase of common stock(4.9)— (52)— — — (52)
Stock-based compensation
— — — — — 
Dividends
— — — — — (2)(2)
Balance at September 30, 2022109.5 $$4,803 $(2,541)$(50)$$2,216 
 Nine Months Ended September 30, 2023
 Common StockAdditional
Paid-In
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Non-
controlling
Interests
Total
Equity
SharesAmount
Balance at December 31, 2022109.5 $$4,805 $(2,994)$(48)$$1,767 
Net income
— — — 10 — — 10 
Other comprehensive income— — — — — 
Stock-based compensation
— — 12 — — — 12 
Issuance of shares for vesting of equity awards1.6 — — — — — — 
Shares withheld for taxes on equity awards(0.6)— (4)— — — (4)
Dividends— — — — — (1)(1)
Balance at September 30, 2023110.5 $$4,813 $(2,984)$(47)$$1,785 
 Nine Months Ended September 30, 2022
 Common StockAdditional
Paid-In
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Non-
controlling
Interests
Total
Equity
SharesAmount
Balance at December 31, 2021116.6 $$4,947 $(2,712)$(50)$$2,192 
Cumulative effect adjustment due to the adoption of ASU 2020-06— — (53)— — (48)
Net income— — — 166 — 169 
Repurchase of common stock(8.8)— (97)— — — (97)
Exercise of stock options0.1 — — — — 
Stock-based compensation
— — 20 — — — 20 
Issuance of shares for vesting of equity awards2.4 — — — — — — 
Shares withheld for taxes on equity awards(0.8)— (16)— — — (16)
Dividends
— — — — — (6)(6)
Balance at September 30, 2022109.5 $$4,803 $(2,541)$(50)$$2,216 
Condensed Consolidated Statement of Changes in Equity for Anywhere Group
The Company has not included a statement of changes in equity for Anywhere Group as the operating results of Anywhere Group are consistent with the operating results of Anywhere as all revenue and expenses of Anywhere Group flow up to Anywhere and there are no incremental activities at the Anywhere level. The only difference between Anywhere Group and Anywhere is that the $1 million in par value of common stock in Anywhere's equity is included in additional paid-in capital in Anywhere Group's equity.
Stock Repurchases
The Company may repurchase shares of its common stock under authorizations from its Board of Directors. Shares repurchased are retired and not displayed separately as treasury stock on the consolidated financial statements. The par value of the shares repurchased and retired is deducted from common stock and the excess of the purchase price over par value is first charged against any available additional paid-in capital with the balance charged to retained earnings. Direct costs incurred to repurchase the shares are included in the total cost of the shares.
The Company's Board of Directors authorized a share repurchase program of up to $300 million of the Company's common stock in February 2022. The Company has not repurchased any shares under the share repurchase programs since 2022. As of September 30, 2023, $203 million remained available for repurchase under the share repurchase program. The Company is subject to limitations on share repurchases, which include compliance with the terms of our debt agreements.
Stock-Based Compensation
During the first quarter of 2023, the Company granted restricted stock units related to 1.5 million shares with a weighted average grant date fair value of $5.80 and performance stock units related to 1.5 million shares with a weighted average grant date fair value of $4.76. The Company granted all time-based equity awards in the form of restricted stock units which are subject to ratable vesting over a three-year period.
Effective February 27, 2023, the Board approved, subject to stockholder approval at the 2023 Annual Meeting of Stockholders, the Second Amended and Restated Anywhere Real Estate Inc. (f/k/a Realogy Holdings Corp.) 2018 Long-Term Incentive Plan (the "Second A&R 2018 LTIP"), increasing the number of shares reserved thereunder by 5 million. The stockholders approved the Second A&R 2018 LTIP at the May 3, 2023 Annual Meeting of Stockholders.