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Segment Information
9 Months Ended
Sep. 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 September 30, Nine Months Ended September 30,
 2024202320242023
Franchise Group
$267 $271 $732 $762 
Owned Brokerage Group
1,258 1,309 3,570 3,604 
Title Group
96 93 270 265 
Corporate and Other (b)(86)(89)(242)(245)
Total Company$1,535 $1,584 $4,330 $4,386 
_______________ 
 
(a)Transactions between segments are eliminated in consolidation. Revenues for Franchise Group include intercompany royalties and marketing fees paid by Owned Brokerage Group of $86 million and $242 million for the three and nine months ended September 30, 2024, respectively, and $89 million and $245 million for the three and nine months ended September 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 nine months ended September 30, 2024 and 2023:
 Operating EBITDA
 Three Months Ended September 30, Nine Months Ended September 30,
 2024202320242023
Franchise Group
$151 $155 $399 $416 
Owned Brokerage Group
(11)(8)(66)(93)
Title Group
(5)(5)
Corporate and Other (a)(47)(42)(112)(137)
Total Company$94 $107 $216 $181 
Less: Depreciation and amortization48 50 151 149 
Interest expense, net
38 37 117 114 
Income tax expense (benefit)
45 (15)
Restructuring costs, net (b)
24 40 
Impairments (c)
11 
Former parent legacy (benefit) cost, net (d)
(1)— 17 
Gain on the early extinguishment of debt (e)
(7)(169)(7)(169)
Loss on the sale of businesses, investments or other assets, net
— — 
Net income (loss) attributable to Anywhere and Anywhere Group
$$129 $(64)$10 
_______________
(a)Includes the elimination of transactions between segments.
(b)The three months ended September 30, 2024 includes restructuring charges of $1 million at Franchise Group, $3 million at Owned Brokerage Group and $2 million at Corporate and Other.
The three months ended September 30, 2023 includes restructuring charges of $2 million at Franchise Group, $5 million at Owned Brokerage Group, $1 million at Title Group and $1 million at Corporate and Other.
The nine months ended September 30, 2024 includes restructuring charges of $4 million at Franchise Group, $10 million at Owned Brokerage Group, $1 million at Title Group and $9 million at Corporate and Other.
The nine months ended September 30, 2023 includes restructuring charges of $8 million at Franchise Group, $23 million at Owned Brokerage Group, $2 million at Title Group and $7 million at Corporate and Other.
(c)Non-cash impairments primarily related to leases and other assets.
(d)Former parent legacy items are recorded in Corporate and Other and relate to a legacy tax matter.
(e)Gain on the early extinguishment of debt is recorded in Corporate and Other. The gain on the early extinguishment of debt relates to the repurchases of Unsecured Notes that occurred during the third quarter of 2024, as well as the debt exchange transactions and open market repurchases that occurred during the third quarter of 2023.