XML 97 R72.htm IDEA: XBRL DOCUMENT v3.24.0.1
Intangible Assets (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount of indefinite-lived intangible assets $ 614  
Gross carrying amount of total other intangibles 534 $ 540
Accumulated Amortization 407 390
Net carrying amount of finite-lived and indefinite-lived intangible assets 127 150
Indefinite life—Trademarks    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount of indefinite-lived intangible assets [1] 586 611
Indefinite life—Title plant shares    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount of indefinite-lived intangible assets [2] 28 28
Amortizable—Franchise agreements    
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross [3] 2,010 2,010
Accumulated Amortization [3] 1,123 1,056
Net carrying amount of finite-lived intangible assets [3] 887 954
Amortizable—License agreements    
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross [4] 45 45
Accumulated Amortization [4] 16 15
Net carrying amount of finite-lived intangible assets [4] $ 29 30
Amortization period 50 years  
Amortizable—Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross [5] $ 454 456
Accumulated Amortization [5] 385 366
Net carrying amount of finite-lived intangible assets [5] 69 90
Amortizable—Other    
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross [6] 7 11
Accumulated Amortization [6] 6 9
Net carrying amount of finite-lived intangible assets [6] $ 1 $ 2
Minimum | Amortizable—Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Amortization period 10 years  
Minimum | Amortizable—Other    
Finite-Lived Intangible Assets [Line Items]    
Amortization period 3 years  
Maximum | Amortizable—Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Amortization period 20 years  
Maximum | Amortizable—Other    
Finite-Lived Intangible Assets [Line Items]    
Amortization period 5 years  
Franchise Group | Indefinite life—Trademarks    
Finite-Lived Intangible Assets [Line Items]    
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill) Costs and Expenses Costs and Expenses
Franchise Group | Amortizable—Franchise agreements    
Finite-Lived Intangible Assets [Line Items]    
Amortization period 30 years  
[1] Primarily related to real estate franchise, title and relocation trademarks which are expected to generate future cash flows for an indefinite period of time. Franchise trademarks were impaired by $25 million during the fourth quarter of 2023 as a result of the Company's annual impairment assessment.
[2] Ownership in a title plant is required to transact title insurance in certain states. The Company expects to generate future cash flows for an indefinite period of time.
[3] Generally amortized over a period of 30 years.
[4] Relates to the Sotheby’s International Realty® and Better Homes and Gardens® Real Estate agreements which are being amortized over 50 years (the contractual term of the license agreements).
[5] Relates to the customer relationships which are being amortized over a period of 10 to 20 years.
[6] Consists of covenants not to compete which are amortized over their contract lives and other intangibles which are generally amortized over periods ranging from 3 to 5 years.