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Basis Of Presentation (Tables)
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fair Value Hierarchy
The following table summarizes fair value measurements by level at June 30, 2024 for assets and liabilities measured at fair value on a recurring basis:
Level ILevel IILevel IIITotal
Deferred compensation plan assets (included in other non-current assets)$1 $— $— $1 
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)
— — 3 3 
The following table summarizes fair value measurements by level at December 31, 2023 for assets and liabilities measured at fair value on a recurring basis:
Level ILevel IILevel IIITotal
Deferred compensation plan assets (included in other non-current assets)$1 $— $— $1 
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)
— — 4 4 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents changes in Level III financial liabilities measured at fair value on a recurring basis:
Level III
Fair value of contingent consideration at December 31, 2023$4 
Additions: contingent consideration related to acquisitions completed during the period— 
Reductions: payments of contingent consideration
(1)
Changes in fair value (reflected in general and administrative expenses)— 
Fair value of contingent consideration at June 30, 2024$3 
Fair Value, by Balance Sheet Grouping
The following table summarizes the principal amount of the Company’s indebtedness compared to the estimated fair value, primarily determined by quoted market values, at:
 June 30, 2024December 31, 2023
DebtPrincipal AmountEstimated
Fair Value (a)		Principal AmountEstimated
Fair Value (a)
Revolving Credit Facility$410 $410 $285 $285 
Term Loan A Facility
196 195 206 205 
7.00% Senior Secured Second Lien Notes
640 523 640 590 
5.75% Senior Notes576 349 576 448 
5.25% Senior Notes457 271 457 336 
0.25% Exchangeable Senior Notes403 324 403 314 
_______________
(a)The fair value of the Company's indebtedness is categorized as Level II.
Investment Income
Three Months Ended
June 30,		Six Months Ended
June 30,
 2024202320242023
Guaranteed Rate Affinity (1)
$— $(2)$2 $— 
Title Insurance Underwriter Joint Venture (2)
(1)(1)(1)(2)
Other equity method investments (3)
(2)(2)(3)(1)
Equity in earnings of unconsolidated entities
$(3)$(5)$(2)$(3)
_______________
(1)The Company's 49.9% minority-owned mortgage origination joint venture with Guaranteed Rate, Inc. ("Guaranteed Rate Affinity") at Title Group had an investment balance of $65 million and $67 million at June 30, 2024 and December 31, 2023, respectively.
(2)The Company's 25% equity interest in the Title Insurance Underwriter Joint Venture at Title Group had an investment balance of $75 million and $74 million at June 30, 2024 and December 31, 2023, respectively.
(3)The Company's various other equity method investments at Title Group and Brokerage Group had a total investment balance of $39 million and $37 million at June 30, 2024 and December 31, 2023, respectively.
Disaggregation of Revenue The Company's revenue is disaggregated by major revenue categories on our Condensed Consolidated Statements of Operations and further disaggregated by business segment as follows:
Three Months Ended June 30,
Franchise Group
Owned Brokerage Group
Title Group
Corporate and OtherTotal
Company
2024202320242023202420232024202320242023
Gross commission income (a)$— $— $1,376 $1,363 $— $— $— $— $1,376 $1,363 
Service revenue (b)55 62 7 6 97 95 — — 159 163 
Franchise fees (c)190 191 — — — — (89)(89)101 102 
Other (d)20 31 10 11 6 5 (3)(4)33 43 
Net revenues$265 $284 $1,393 $1,380 $103 $100 $(92)$(93)$1,669 $1,671 
Six Months Ended June 30,
Franchise Group
Owned Brokerage Group
Title Group
Corporate and OtherTotal
Company
2024202320242023202420232024202320242023
Gross commission income (a)$— $— $2,283 $2,266 $— $— $— $— $2,283 $2,266 
Service revenue (b)101 117 11 10 166 163 — — 278 290 
Franchise fees (c)321 320 — — — — (150)(149)171 171 
Other (d)43 54 18 19 8 9 (6)(7)63 75 
Net revenues$465 $491 $2,312 $2,295 $174 $172 $(156)$(156)$2,795 $2,802 
______________
(a)Gross commission income at Owned Brokerage Group is recognized at a point in time at the closing of a homesale transaction.
(b)Service revenue primarily consists of title and escrow fees at Title Group and are recognized at a point in time at the closing of a homesale transaction. Service revenue at Franchise Group includes relocation fees, which are recognized as revenue when or as the related performance obligation is satisfied dependent on the type of service performed, and fees related to leads and related services, which are recognized at a point in time at the closing of a homesale transaction or at the completion of the related service.
(c)Franchise fees at Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
(d)Other revenue is comprised of brand marketing funds received from franchisees at Franchise Group and other miscellaneous revenues across all of the business segments.
Deferred Revenue by Arrangement
The following table shows the change in the Company's contract liabilities (deferred revenue) related to revenue contracts by reportable segment for the period:
 Beginning Balance at January 1, 2024Additions during the periodRecognized as Revenue during the periodEnding Balance at June 30, 2024
Franchise Group:
Deferred area development fees (a)$39 $1 $(3)$37 
Deferred brand marketing fund fees (b)19 35 (34)20 
Deferred outsourcing management fees (c)3 22 (20)5 
Other deferred income related to revenue contracts8 17 (11)14 
Total Franchise Group
69 75 (68)76 
Owned Brokerage Group:
Advanced commissions related to development business (d)12 4 (3)13 
Other deferred income related to revenue contracts3 3 (1)5 
Total Owned Brokerage Group
15 7 (4)18 
Total$84 $82 $(72)$94 
_______________
(a)The Company collects initial area development fees ("ADF") for international territory transactions, which are recorded as deferred revenue when received and recognized into franchise revenue over the average 25 year life of the related franchise agreement as consideration for the right to access and benefit from Anywhere’s brands. In the event an ADF agreement is terminated prior to the end of its term, the unamortized deferred revenue balance will be recognized into revenue immediately upon termination.
(b)Revenues recognized include intercompany marketing fees paid by Owned Brokerage Group.
(c)The Company earns revenues from outsourcing management fees charged to clients that may cover several of the various relocation services according to the clients' specific needs. Outsourcing management fees are recorded as deferred revenue when billed (usually at the start of the relocation) and are recognized as revenue over the average time period required to complete the transferee's move, or a phase of the move that the fee covers, which is typically 3 to 6 months depending on the move type.
(d)New development closings generally have a development period of between 18 and 24 months from contracted date to closing.