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Segment Information - Operating EBITDA (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information [Line Items]        
Operating EBITDA $ 94 $ 107 $ 216 $ 181
Depreciation and amortization 48 50 151 149
Interest expense, net 38 37 117 114
Income tax expense (benefit) 2 45 (15) 7
Restructuring costs, net [1],[2] 6 9 24 40
Impairments [3] 1 3 9 11
Former parent legacy (benefit) cost, net [4] (1) 0 1 17
Gain on the early extinguishment of debt [5] (7) (169) (7) (169)
Loss on the sale of businesses, investments or other assets, net 0 3 0 2
Net income (loss) attributable to Anywhere and Anywhere Group 7 129 (64) 10
Corporate, Non-Segment        
Segment Reporting Information [Line Items]        
Operating EBITDA [6] (47) (42) (112) (137)
Restructuring costs, net 2 1 9 7
Franchise Group | Operating Segments        
Segment Reporting Information [Line Items]        
Operating EBITDA 151 155 399 416
Restructuring costs, net 1 2 4 8
Owned Brokerage Group | Operating Segments        
Segment Reporting Information [Line Items]        
Operating EBITDA (11) (8) (66) (93)
Restructuring costs, net 3 5 10 23
Title Group | Operating Segments        
Segment Reporting Information [Line Items]        
Operating EBITDA $ 1 2 (5) (5)
Restructuring costs, net   $ 1 $ 1 $ 2
[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] Non-cash impairments primarily related to leases and other assets.
[4] Former parent legacy items are recorded in Corporate and Other and relate to a legacy tax matter.
[5] 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.
[6] Includes the elimination of transactions between segments.