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Restructuring Costs (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Restructuring Reserve [Roll Forward]        
Restructuring costs, net [1],[2] $ 6 $ 9 $ 24 $ 40
Corporate, Non-Segment        
Restructuring Reserve [Roll Forward]        
Restructuring costs, net 2 1 9 7
Operational Efficiencies Program        
Restructuring Reserve [Roll Forward]        
Balance at December 31, 2023     14  
Restructuring costs, net 5 8 21 [3] 36
Costs paid or otherwise settled     (21)  
Balance at September 30, 2024 14   14  
Restructuring and Related Cost, Expected Cost [Abstract]        
Total amount expected to be incurred 88   88  
Amount incurred to date 84   84  
Total amount remaining to be incurred 4   4  
Operational Efficiencies Program | Corporate, Non-Segment        
Restructuring and Related Cost, Expected Cost [Abstract]        
Total amount expected to be incurred 13   13  
Amount incurred to date 13   13  
Total amount remaining to be incurred 0   0  
Operational Efficiencies Program | Franchise Group        
Restructuring and Related Cost, Expected Cost [Abstract]        
Total amount expected to be incurred 17   17  
Amount incurred to date 17   17  
Total amount remaining to be incurred 0   0  
Operational Efficiencies Program | Owned Brokerage Group        
Restructuring and Related Cost, Expected Cost [Abstract]        
Total amount expected to be incurred 52   52  
Amount incurred to date 49   49  
Total amount remaining to be incurred 3   3  
Operational Efficiencies Program | Title Group        
Restructuring and Related Cost, Expected Cost [Abstract]        
Total amount expected to be incurred 6   6  
Amount incurred to date 5   5  
Total amount remaining to be incurred 1   1  
Prior restructuring programs        
Restructuring Reserve [Roll Forward]        
Balance at December 31, 2023     9  
Restructuring costs, net 1 1 3 4
Costs paid or otherwise settled     (5)  
Balance at September 30, 2024 7   7  
Restructuring and Related Cost, Expected Cost [Abstract]        
Total amount remaining to be incurred 15   15  
Personnel Related        
Restructuring Reserve [Roll Forward]        
Restructuring costs, net [4] 3 3 13 16
Personnel Related | Operational Efficiencies Program        
Restructuring Reserve [Roll Forward]        
Balance at December 31, 2023     10  
Restructuring costs, net [3]     13  
Costs paid or otherwise settled     (12)  
Balance at September 30, 2024 11   11  
Restructuring and Related Cost, Expected Cost [Abstract]        
Total amount expected to be incurred 49   49  
Amount incurred to date 48   48  
Total amount remaining to be incurred 1   1  
Facility Related        
Restructuring Reserve [Roll Forward]        
Restructuring costs, net [5] 3 $ 6 11 $ 24
Facility Related | Operational Efficiencies Program        
Restructuring Reserve [Roll Forward]        
Balance at December 31, 2023     4  
Restructuring costs, net [3]     8  
Costs paid or otherwise settled     (9)  
Balance at September 30, 2024 3   3  
Other Asset Impairment Charges     7  
Restructuring and Related Cost, Expected Cost [Abstract]        
Total amount expected to be incurred 39   39  
Amount incurred to date 36   36  
Total amount remaining to be incurred $ 3   $ 3  
[1]
(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.
[2] 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.
[3] In addition, the Company incurred $7 million of facility-related costs for lease asset impairments in connection with the Operational Efficiencies Plan during the nine months ended September 30, 2024.
[4] Personnel-related costs consist of severance costs provided to employees who have been terminated.
[5] Facility-related costs consist of costs associated with planned facility closures such as contract termination costs, amortization of lease assets that will continue to be incurred under the contract for its remaining term without economic benefit to the Company, accelerated depreciation on asset disposals and other facility and employee relocation related costs.