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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues [Abstract]        
Net revenues [1] $ 1,535 $ 1,584 $ 4,330 $ 4,386
Expenses        
Commission and other agent-related costs 998 1,037 2,832 2,852
Operating 287 284 845 869
Marketing 51 56 143 161
General and administrative 111 104 303 331
Former parent legacy (benefit) cost, net [2] (1) 0 1 17
Restructuring costs, net [3],[4] 6 9 24 40
Impairments [5] 1 3 9 11
Depreciation and amortization 48 50 151 149
Interest expense, net 38 37 117 114
Gain on the early extinguishment of debt [6] (7) (169) (7) (169)
Other expense (income), net 0 3 (1) 1
Total expenses 1,532 1,414 4,417 4,376
Income (loss) before income taxes, equity in earnings and noncontrolling interests 3 170 (87) 10
Income tax expense (benefit) 2 45 (15) 7
Equity in earnings of unconsolidated entities (6) (4) (8) (7)
Net income (loss) 7 129 (64) 10
Less: Net income attributable to noncontrolling interests 0 0 0 0
Net income (loss) attributable to Anywhere and Anywhere Group $ 7 $ 129 $ (64) $ 10
Earnings (loss) per share attributable to Anywhere shareholders:        
Basic earnings (loss) per share $ 0.06 $ 1.17 $ (0.58) $ 0.09
Diluted earnings (loss) per share $ 0.06 $ 1.15 $ (0.58) $ 0.09
Weighted average common and common equivalent shares of Anywhere outstanding:        
Basic 111.3 110.5 111.1 110.2
Diluted 112.2 112.1 111.1 111.6
Gross commission income        
Revenues [Abstract]        
Net revenues [7] $ 1,242 $ 1,293 $ 3,525 $ 3,559
Service revenue        
Revenues [Abstract]        
Net revenues [8] 156 155 434 445
Franchise fees        
Revenues [Abstract]        
Net revenues [9] 98 99 269 270
Other        
Revenues [Abstract]        
Net revenues [10] $ 39 $ 37 $ 102 $ 112
[1] 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.
[2] Former parent legacy items are recorded in Corporate and Other and relate to a legacy tax matter.
[3]
(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.
[4] Restructuring charges for the three months ended September 30, 2024 include $5 million of expense related to the Operational Efficiencies Plan and $1 million of expense related to prior restructuring plans.
Restructuring charges for the three months ended September 30, 2023 include $8 million of expense related to the Operational Efficiencies Plan and $1 million of expense related to prior restructuring plans.
Restructuring charges for the nine months ended September 30, 2024 include $21 million of expense related to the Operational Efficiencies Plan and $3 million of expense related to prior restructuring plans.
Restructuring charges for the nine months ended September 30, 2023 include $36 million of expense related to the Operational Efficiencies Plan and $4 million of expense related to prior restructuring plans.
[5] Non-cash impairments primarily related to leases and other assets.
[6] 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.
[7] Gross commission income at Owned Brokerage Group is recognized at a point in time at the closing of a homesale transaction
[8] 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.
[9] 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).
[10] Other revenue is comprised of brand marketing funds received from franchisees at Franchise Group and other miscellaneous revenues across all of the business segments.