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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Revenues |
| Revenues (a)
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Franchise Group | $ | 983 |  |  | $ | 1,145 |  |  | $ | 1,249 |
Owned Brokerage Group | 4,628 |  |  | 5,606 |  |  | 6,189 |
Title Group | 340 |  |  | 530 |  |  | 952 |
Corporate and Other (b) | (315) |  |  | (373) |  |  | (407) |
Total Company | $ | 5,636 |  |  | $ | 6,908 |  |  | $ | 7,983 |
_______________ (a)Transactions between segments are eliminated in consolidation. Revenues for Franchise Group include intercompany royalties and marketing fees paid by Owned Brokerage Group of $315 million, $373 million and $407 million for the years ended December 31, 2023, 2022 and 2021, respectively. Such amounts are eliminated through the Corporate and Other line. (b)Includes the elimination of transactions between segments.
Reconciliation of Operating EBITDA by Business segment to Net Income (Loss) | 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 years ended December 31, 2023, 2022 and 2021:
| Operating EBITDA
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Franchise Group | $ | 527 |  |  | $ | 670 |  |  | $ | 751 |
Owned Brokerage Group | (144) |  |  | (86) |  |  | 109 |
Title Group | (17) |  |  | 9 |  |  | 200 |
Corporate and Other (a)(d) | (166) |  |  | (144) |  |  | (158) |
Total Company | 200 |  |  | 449 |  |  | 902 |
Less: Depreciation and amortization | 196 |  |  | 214 |  |  | 204 |
Interest expense, net | 151 |  |  | 113 |  |  | 190 |
Income tax (benefit) expense | (15) |  |  | (68) |  |  | 133 |
Restructuring costs, net (b) | 49 |  |  | 32 |  |  | 17 |
Impairments (c) | 65 |  |  | 483 |  |  | 4 |
Former parent legacy cost, net (d) | 18 |  |  | 1 |  |  | 1 |
(Gain) loss on the early extinguishment of debt (d) | (169) |  |  | 96 |  |  | 21 |
Loss (gain) on the sale of businesses, investments or other assets, net (e) | 2 |  |  | (135) |  |  | (11) |
Net (loss) income attributable to Anywhere and Anywhere Group | $ | (97) |  |  | $ | (287) |  |  | $ | 343 |
______________ (a)Includes the elimination of transactions between segments. (b)The year ended December 31, 2023 includes restructuring charges of $11 million at Franchise Group, $25 million at Owned Brokerage Group, $4 million at Title Group and $9 million at Corporate and Other. The year ended December 31, 2022 includes restructuring charges of $1 million at Franchise Group, $19 million at Owned Brokerage Group and $12 million at Corporate and Other. The year ended December 31, 2021 includes restructuring charges of $5 million at Franchise Group, $7 million at Owned Brokerage Group and $5 million at Corporate and Other. (c)Non-cash impairments for the year ended December 31, 2023 include $25 million at Franchise Group to reduce goodwill related to Cartus, $25 million related to franchise trademarks and $15 million related to leases and other assets. Non-cash impairments for the year ended December 31, 2022 include $280 million and $114 million related to goodwill at Owned Brokerage Group and Franchise Group, respectively, $76 million related to franchise trademarks and $13 million related to leases and other assets including an investment. Non-cash impairments for the year ended December 31, 2021 primarily related to leases and other assets. (d)Former parent legacy items and (Gain) loss on the early extinguishment of debt are recorded in Corporate and Other. Former parent legacy cost in 2023 relates to developments in a legacy tax matter in the first quarter of 2023. Gain on the early extinguishment of debt in 2023 relates to the debt exchange transactions and open market repurchases that occurred during the third quarter of 2023. Loss on the early extinguishment of debt in 2022 primarily relates to the refinancing transactions that occurred during the first quarter of 2022. (e)Loss (gain) on the sale of businesses, investments or other assets, net in 2022 is recorded in Title Group and is related to the sale of the Title Underwriter and subsequent sales of a portion of the Company's ownership in the Title Insurance Underwriter Joint Venture.
Reconciliation of Depreciation and Amortization from Segments to Consolidated | Depreciation and Amortization
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Franchise Group | $ | 114 |  |  | $ | 119 |  |  | $ | 112 |
Owned Brokerage Group | 52 |  |  | 63 |  |  | 56 |
Title Group | 12 |  |  | 11 |  |  | 11 |
Corporate and Other | 18 |  |  | 21 |  |  | 25 |
Total Company | $ | 196 |  |  | $ | 214 |  |  | $ | 204 |
Segment Assets | Segment Assets
| As of December 31,
| 2023 |  | 2022
Franchise Group | $ | 4,430 |  |  | $ | 4,730 |
Owned Brokerage Group | 630 |  |  | 741 |
Title Group | 531 |  |  | 562 |
Corporate and Other | 248 |  |  | 350 |
Total Company | $ | 5,839 |  |  | $ | 6,383 |
Reconciliation of Capital Expenditures from Segments to Consolidated | Capital Expenditures
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Franchise Group | $ | 28 |  |  | $ | 42 |  |  | $ | 29 |
Owned Brokerage Group | 24 |  |  | 40 |  |  | 43 |
Title Group | 7 |  |  | 11 |  |  | 13 |
Corporate and Other | 13 |  |  | 16 |  |  | 16 |
Total Company | $ | 72 |  |  | $ | 109 |  |  | $ | 101 |
Geographic Segment Information | The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.
| United States |  | All Other Countries |  | Total
On or for the year ended December 31, 2023 |  |  |  |  |
Net revenues | $ | 5,562 |  |  | $ | 74 |  |  | $ | 5,636 |
Total assets | 5,784 |  |  | 55 |  |  | 5,839 |
Net property and equipment | 279 |  |  | 1 |  |  | 280 |
On or for the year ended December 31, 2022 |  |  |  |  |
Net revenues | $ | 6,829 |  |  | $ | 79 |  |  | $ | 6,908 |
Total assets | 6,309 |  |  | 74 |  |  | 6,383 |
Net property and equipment | 316 |  |  | 1 |  |  | 317 |
On or for the year ended December 31, 2021 |  |  |  |  |
Net revenues | $ | 7,919 |  |  | $ | 64 |  |  | $ | 7,983 |
Total assets | 7,157 |  |  | 53 |  |  | 7,210 |
Net property and equipment | 309 |  |  | 1 |  |  | 310 |

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