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Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2024
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The reportable segments presented represent those for which the Company maintains separate financial information regularly reviewed and utilized 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)
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Franchise Group | $ | 265 |  |  | $ | 284 |  |  | $ | 465 |  |  | $ | 491 |
Owned Brokerage Group | 1,393 |  |  | 1,380 |  |  | 2,312 |  |  | 2,295 |
Title Group | 103 |  |  | 100 |  |  | 174 |  |  | 172 |
Corporate and Other (b) | (92) |  |  | (93) |  |  | (156) |  |  | (156) |
Total Company | $ | 1,669 |  |  | $ | 1,671 |  |  | $ | 2,795 |  |  | $ | 2,802 |
_______________ (a)Transactions between segments are eliminated in consolidation. Revenues for Franchise Group include intercompany royalties and marketing fees paid by Owned Brokerage Group of $92 million and $156 million for the three and six months ended June 30, 2024, respectively, and $93 million and $156 million for the three and six months ended June 30, 2023, 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 income (loss) attributable to Anywhere and Anywhere Group for the three and six months ended June 30, 2024 and 2023:
| Operating EBITDA
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Franchise Group | $ | 159 |  |  | $ | 164 |  |  | $ | 248 |  |  | $ | 261 |
Owned Brokerage Group | 4 |  |  | (10) |  |  | (55) |  |  | (85) |
Title Group | 9 |  |  | 10 |  |  | (6) |  |  | (7) |
Corporate and Other (a) | (33) |  |  | (38) |  |  | (65) |  |  | (95) |
Total Company | $ | 139 |  |  | $ | 126 |  |  | $ | 122 |  |  | $ | 74 |
Less: Depreciation and amortization | 48 |  |  | 49 |  |  | 103 |  |  | 99 |
Interest expense, net | 40 |  |  | 39 |  |  | 79 |  |  | 77 |
Income tax expense (benefit) | 11 |  |  | 8 |  |  | (17) |  |  | (38) |
Restructuring costs, net (b) | 7 |  |  | 6 |  |  | 18 |  |  | 31 |
Impairments (c) | 2 |  |  | 4 |  |  | 8 |  |  | 8 |
Former parent legacy cost, net (d) | 1 |  |  | 1 |  |  | 2 |  |  | 17 |
Gain on the sale of businesses, investments or other assets, net | — |  |  | — |  |  | — |  |  | (1) |
Net income (loss) attributable to Anywhere and Anywhere Group | $ | 30 |  |  | $ | 19 |  |  | $ | (71) |  |  | $ | (119) |
_______________ (a)Includes the elimination of transactions between segments. (b)The three months ended June 30, 2024 includes restructuring charges of $2 million at Franchise Group, $1 million at Owned Brokerage Group, $1 million at Title Group and $3 million at Corporate and Other. The three months ended June 30, 2023 includes restructuring charges of $4 million at Owned Brokerage Group , $1 million at Title Group and $1 million at Corporate and Other. The six months ended June 30, 2024 includes restructuring charges of $3 million at Franchise Group, $7 million at Owned Brokerage Group, $1 million at Title Group and $7 million at Corporate and Other. The six months ended June 30, 2023 includes restructuring charges of $6 million at Franchise Group, $18 million at Owned Brokerage Group, $1 million at Title Group and $6 million at Corporate and Other. (c)Non-cash impairments primarily related to leases and other assets. (d)Former parent legacy cost is recorded in Corporate and Other and relates to a legacy tax matter.

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- Definition The entire disclosure for reporting segments including data and tables. 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