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Segment Information (Tables)

12 Months Ended

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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