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Segment Information (Notes) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The reportable segments presented represent those for which the Company maintains separate financial information regularly employed by its chief operating decision maker for performance assessment and resource allocation. The classification of reportable segments also considers the distinctive nature of services offered by each segment. Management's evaluation of individual reportable segment performance centers on two key metrics: revenue and Operating EBITDA. Operating EBITDA is defined as net income (loss) adjusted for depreciation and amortization, interest expense, net (excluding relocation services interest for securitization assets and securitization obligations), income taxes, and certain non-core items. Non-core items include restructuring charges, former parent legacy items, gains or losses on the early extinguishment of debt, impairments, and gains or losses on discontinued operations or the sale of businesses, investments, or other assets. The Company’s presentation of Operating EBITDA may not align with similar measures employed by other entities. Variations may arise due to differences in the inclusion or exclusion of specific items and the interpretation of non-core elements within the calculation. This disclosure provides insight into the Company's approach to segment reporting and the metrics pivotal to its strategic decision-making processes.
| 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. 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. 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
| 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 |
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 |
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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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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