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Equity
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] EQUITY
Condensed Consolidated Statement of Changes in Equity for Anywhere
 Three Months Ended June 30, 2024
 Common StockAdditional
Paid-In
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Non-
controlling
Interests
Total
Equity
SharesAmount
Balance at March 31, 2024111.1 $$4,814 $(3,192)$(45)$$1,580 
Net income
— — — 30 — — 30 
Stock-based compensation
— — — — — 
Issuance of shares for vesting of equity awards0.1 — — — — — — 
Dividends— — — — — (1)(1)
Contributions from non-controlling interests
— — — — — 
Balance at June 30, 2024111.2 $$4,818 $(3,162)$(45)$$1,614 
 Three Months Ended June 30, 2023
 Common StockAdditional
Paid-In
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Non-
controlling
Interests
Total
Equity
SharesAmount
Balance at March 31, 2023
110.4 $$4,805 $(3,132)$(47)$$1,630 
Net income
— — — 19 — — 19 
Stock-based compensation
— — — — — 
Issuance of shares for vesting of equity awards0.1 — — — — — — 
Shares withheld for taxes on equity awards(0.1)— — — — — — 
Balance at June 30, 2023110.4 $$4,809 $(3,113)$(47)$$1,653 
 Six Months Ended June 30, 2024
 Common StockAdditional
Paid-In
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Non-
controlling
Interests
Total
Equity
SharesAmount
Balance at December 31, 2023110.5 $$4,813 $(3,091)$(44)$$1,681 
Net loss
— — — (71)— — (71)
Other comprehensive loss
— — — — (1)— (1)
Stock-based compensation
— — — — — 
Issuance of shares for vesting of equity awards1.2 — — — — — — 
Shares withheld for taxes on equity awards(0.5)— (3)— — — (3)
Dividends— — — — — (1)(1)
Contributions from non-controlling interests
— — — — — 
Balance at June 30, 2024111.2 $$4,818 $(3,162)$(45)$$1,614 
 Six Months Ended June 30, 2023
 Common StockAdditional
Paid-In
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Loss
Non-
controlling
Interests
Total
Equity
SharesAmount
Balance at December 31, 2022
109.5 $$4,805 $(2,994)$(48)$$1,767 
Net loss
— — — (119)— — (119)
Other comprehensive income— — — — — 
Stock-based compensation
— — — — — 
Issuance of shares for vesting of equity awards1.5 — — — — — — 
Shares withheld for taxes on equity awards(0.6)— (4)— — — (4)
Balance at June 30, 2023110.4 $$4,809 $(3,113)$(47)$$1,653 
Condensed Consolidated Statement of Changes in Equity for Anywhere Group
The Company has not included a statement of changes in equity for Anywhere Group as the operating results of Anywhere Group are consistent with the operating results of Anywhere as all revenue and expenses of Anywhere Group flow up to Anywhere and there are no incremental activities at the Anywhere level. The only difference between Anywhere Group and Anywhere is that the $1 million in par value of common stock in Anywhere's equity is included in additional paid-in capital in Anywhere Group's equity.
Stock Repurchases
The Company may repurchase shares of its common stock under authorizations from its Board of Directors. Shares repurchased are retired and not displayed separately as treasury stock on the condensed consolidated financial statements. The par value of the shares repurchased and retired is deducted from common stock and the excess of the purchase price over par value is first charged against any available additional paid-in capital with the balance charged to retained earnings. Direct costs incurred to repurchase the shares are included in the total cost of the shares.
The Company's Board of Directors authorized a share repurchase program of up to $300 million of the Company's common stock in February 2022. The Company has not repurchased any shares under the share repurchase programs since 2022. As of June 30, 2024, $203 million remained available for repurchase under the share repurchase program. The Company is subject to limitations on share repurchases, which include compliance with the terms of our debt agreements.
Stock-Based Compensation
During the first quarter of 2024, the Company granted restricted stock units related to 1.3 million shares with a grant date fair value of $6.09 and performance share units ("PSU") related to 1.3 million shares with a grant date fair value of $6.44. The Company granted all time-based equity awards in the form of restricted stock units which are subject to ratable vesting over a three-year period.
During the first quarter of 2024, the Company incorporated investor feedback in the design of its 2024 long-term incentive program in an effort to reduce volatility of payouts. The Company redesigned the PSU award tied to free cash flow
achieved over a three-year period. Specifically, free cash flow targets are now set annually instead of a three-year cumulative goal set at the beginning of the three-year cycle, with the actual payout being the average of the payouts of the three separate annual achievements, subject to further adjustment based upon how Anywhere's common stock performed against a peer group over the three-year period. The actual payout, if any, will be subject to a 15% +/- adjustment if the total stockholder return of Anywhere's common stock is at or above the 75th percentile or below the 25th percentile of the total stockholder return of the peer group the Company's Compensation and Talent Management Committee uses to benchmark executive compensation (subject to additional weighting for the Company's direct peers in that peer group). With the foregoing change, the Company eliminated the separate PSU awards tied to the total stockholder return of Anywhere's common stock relative to the total stockholder return of the S&P MidCap 400 index, referred to as our RTSR PSU units.