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Segment Reporting (Text Block) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The reportable segments presented represent those for which the Company maintains separate financial information regularly provided to and reviewed by its chief operating decision maker ("CODM") for performance assessment and resource allocation. The Company's CODM is the Company's Chief Executive Officer and President. The classification of reportable segments also considers the distinctive nature of services offered by each segment as follows: •Franchise Group is comprised of the Company's franchise business which franchises a portfolio of well-known, industry-leading franchise brokerage brands and also includes the Company's global relocation services operation and lead generation activities. •Owned Brokerage Group operates a full-service real estate brokerage business and also includes the Company's share of equity earnings or losses from its minority-owned real estate auction joint venture. •Title Group provides full-service title, escrow and settlement services to consumers, real estate companies, corporations and financial institutions primarily in support of residential real estate transactions. This segment also includes the Company's share of equity earnings or losses from Guaranteed Rate Affinity, its minority-owned mortgage origination joint venture, and from its minority-owned title insurance underwriter joint venture. The CODM evaluates the performance of the Company's reportable segments primarily through two measures: revenue and operating EBITDA. The CODM focuses on revenue and operating EBITDA by reportable segment in evaluating period over period performance, including budget-to-actual variances, while also taking into consideration current market conditions. This approach provides greater transparency into the operating results of each reportable segment and facilitates effective resource allocation. 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 non-cash stock-based compensation, restructuring charges, impairments, former parent legacy items, legal contingencies unrelated to normal operations which currently includes industry-wide antitrust lawsuits and class action lawsuits, gains or losses on the early extinguishment of debt, and gains or losses on discontinued operations or the sale of businesses, investments, or other assets. Effective December 31, 2024, the definition of Operating EBITDA was updated to include adjustments for non-cash stock-based compensation and legal contingencies unrelated to normal operations which currently includes industry-wide antitrust lawsuits and class action lawsuits to conform with similar adjustments and measures disclosed by industry competitors. These updates primarily impact total company Operating EBITDA. For consistency and to align with how the CODM evaluates performance, prior periods have been recast to align with the updated definition. The changes have an immaterial impact on segment profitability and do not materially alter trends or comparability across reporting periods. Set forth in the tables below are Segment net revenues and a reconciliation to Total consolidated net revenues and Segment operating EBITDA and a reconciliation to Net loss attributable to Anywhere and Anywhere Group before income taxes for the years ended December 31, 2024, 2023 and 2022.
| Year Ended December 31, 2024
| Franchise Group |  | Owned Brokerage Group |  | Title Group |  | Totals
Net revenues from external customers | $ | 642 |  |  | $ | 4,688 |  |  | $ | 362 |  |  | $ | 5,692 |
Intersegment revenues (a) | 319 |  |  | — |  |  | — |  |  | 319 |
Segment net revenues | 961 |  |  | 4,688 |  |  | 362 |  |  | 6,011 |
Reconciliation of Segment net revenues to Total consolidated net revenues |  |
Elimination of intersegment revenues (a) |  | (319) |
Total consolidated net revenues |  | 5,692 |
Less (b): |  |  |  |  |  |  |
Commission and other agent-related costs | — |  |  | 3,718 |  |  | — |  |  | 3,718 |
Operating | 248 |  |  | 882 |  |  | 299 |  |  | 1,429 |
Marketing | 89 |  |  | 102 |  |  | 18 |  |  | 209 |
General and administrative (c) | 103 |  |  | 85 |  |  | 59 |  |  | 247 |
Equity in earnings | — |  |  | (5) |  |  | (2) |  |  | (7) |
Other segment items (d) | — |  |  | (1) |  |  | 1 |  |  | — |
Segment operating EBITDA | 521 |  |  | (93) |  |  | (13) |  |  | 415 |
Reconciliation of Segment operating EBITDA to Net loss attributable to Anywhere and Anywhere Group before income taxes |  |
Unallocated amounts: |  |
Former parent legacy cost, net |  | 2 |
Gain on the early extinguishment of debt |  | (7) |
Other corporate expenses |  | 125 |
Depreciation and amortization |  | 198 |
Interest expense, net |  | 153 |
Stock-based compensation |  | 17 |
Restructuring costs, net |  | 32 |
Impairments |  | 20 |
Legal contingencies |  | 2 |
Loss on the sale of businesses, investments or other assets, net |  | 3 |
Net loss attributable to Anywhere and Anywhere Group before income taxes | $ | (130) |
_______________ (a)Intersegment revenues include intercompany royalties and marketing fees paid by Owned Brokerage Group to Franchise Group and are eliminated in consolidation. (b)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown. (c)General and administrative expenses exclude non-cash stock-based compensation and legal contingencies unrelated to normal operations which currently includes industry-wide antitrust lawsuits and class action lawsuits. (d)Other segment items include Net income (loss) attributable to noncontrolling interests and other non-operating items. Amounts are immaterial to each segment.
| Year Ended December 31, 2023
| Franchise Group |  | Owned Brokerage Group |  | Title Group |  | Totals
Net revenues from external customers | $ | 668 |  |  | $ | 4,628 |  |  | $ | 340 |  |  | $ | 5,636 |
Intersegment revenues (a) | 315 |  |  | — |  |  | — |  |  | 315 |
Segment net revenues | 983 |  |  | 4,628 |  |  | 340 |  |  | 5,951 |
Reconciliation of Segment net revenues to Total consolidated net revenues |  |
Elimination of intersegment revenues (a) |  | (315) |
Total consolidated net revenues |  | 5,636 |
Less (b): |  |  |  |  |  |  |
Commission and other agent-related costs | — |  |  | 3,664 |  |  | — |  |  | 3,664 |
Operating | 259 |  |  | 893 |  |  | 294 |  |  | 1,446 |
Marketing | 95 |  |  | 114 |  |  | 19 |  |  | 228 |
General and administrative (c) | 102 |  |  | 93 |  |  | 52 |  |  | 247 |
Equity in earnings | — |  |  | (2) |  |  | (7) |  |  | (9) |
Other segment items (d) | — |  |  | 1 |  |  | (2) |  |  | (1) |
Segment operating EBITDA | 527 |  |  | (135) |  |  | (16) |  |  | 376 |
Reconciliation of Segment operating EBITDA to Net loss attributable to Anywhere and Anywhere Group before income taxes |  |
Unallocated amounts: |  |
Former parent legacy cost, net |  | 18 |
Gain on the early extinguishment of debt |  | (169) |
Other corporate expenses |  | 121 |
Depreciation and amortization |  | 196 |
Interest expense, net |  | 151 |
Stock-based compensation |  | 12 |
Restructuring costs, net |  | 49 |
Impairments |  | 65 |
Legal contingencies |  | 43 |
Loss on the sale of businesses, investments or other assets, net |  | 2 |
Net loss attributable to Anywhere and Anywhere Group before income taxes | $ | (112) |
_______________ (a)Intersegment revenues include intercompany royalties and marketing fees paid by Owned Brokerage Group to Franchise Group and are eliminated in consolidation. (b)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown. (c)General and administrative expenses exclude non-cash stock-based compensation and legal contingencies unrelated to normal operations which currently includes industry-wide antitrust lawsuits and class action lawsuits. (d)Other segment items include Net income (loss) attributable to noncontrolling interests and other non-operating items. Amounts are immaterial to each segment.
| Year Ended December 31, 2022
| Franchise Group |  | Owned Brokerage Group |  | Title Group |  | Totals
Net revenues from external customers | $ | 772 |  |  | $ | 5,606 |  |  | $ | 530 |  |  | $ | 6,908 |
Intersegment revenues (a) | 373 |  |  | — |  |  | — |  |  | 373 |
Segment net revenues | 1,145 |  |  | 5,606 |  |  | 530 |  |  | 7,281 |
Reconciliation of Segment net revenues to Total consolidated net revenues |  |
Elimination of intersegment revenues (a) |  | (373) |
Total consolidated net revenues |  | 6,908 |
Less (b): |  |  |  |  |  |  |
Commission and other agent-related costs | — |  |  | 4,415 |  |  | — |  |  | 4,415 |
Operating | 272 |  |  | 1,034 |  |  | 428 |  |  | 1,734 |
Marketing | 106 |  |  | 141 |  |  | 20 |  |  | 267 |
General and administrative (c) | 94 |  |  | 71 |  |  | 59 |  |  | 224 |
Equity in losses | — |  |  | 17 |  |  | 11 |  |  | 28 |
Other segment items (d) | — |  |  | — |  |  | 1 |  |  | 1 |
Segment operating EBITDA | 673 |  |  | (72) |  |  | 11 |  |  | 612 |
Reconciliation of Segment operating EBITDA to Net loss attributable to Anywhere and Anywhere Group before income taxes |  |
Unallocated amounts: |  |
Former parent legacy cost, net |  | 1 |
Loss on the early extinguishment of debt |  | 96 |
Other corporate expenses |  | 78 |
Depreciation and amortization |  | 214 |
Interest expense, net |  | 113 |
Stock-based compensation |  | 22 |
Restructuring costs, net |  | 32 |
Impairments |  | 483 |
Legal contingencies |  | 63 |
Gain on the sale of businesses, investments or other assets, net |  | (135) |
Net loss attributable to Anywhere and Anywhere Group before income taxes | $ | (355) |
_______________ (a)Intersegment revenues include intercompany royalties and marketing fees paid by Owned Brokerage Group to Franchise Group and are eliminated in consolidation. (b)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown. (c)General and administrative expenses exclude non-cash stock-based compensation and legal contingencies unrelated to normal operations which currently includes industry-wide antitrust lawsuits and class action lawsuits. (d)Other segment items include Net income (loss) attributable to noncontrolling interests and other non-operating items. Amounts are immaterial to each segment. Reconciliations of reportable segment assets and other significant items to consolidated totals:
| As of and for the year ended December 31, 2024
| Franchise Group |  | Owned Brokerage Group |  | Title Group |  | Segment Total |  | Unallocated Corporate Amounts |  | Consolidated Total
Total assets | $ | 4,326 |  |  | $ | 561 |  |  | $ | 509 |  |  | $ | 5,396 |  |  | $ | 240 |  |  | $ | 5,636 |
Capital expenditures | 26 |  |  | 28 |  |  | 7 |  |  | 61 |  |  | 17 |  |  | 78 |
Investment in equity method investees | — |  |  | 31 |  |  | 151 |  |  | 182 |  |  | — |  |  | 182 |
Depreciation and amortization | 117 |  |  | 46 |  |  | 18 |  |  | 181 |  |  | 17 |  |  | 198 |
| As of and for the year ended December 31, 2023
| Franchise Group |  | Owned Brokerage Group |  | Title Group |  | Segment Total |  | Unallocated Corporate Amounts |  | Consolidated Total
Total assets | $ | 4,430 |  |  | $ | 630 |  |  | $ | 531 |  |  | $ | 5,591 |  |  | $ | 248 |  |  | $ | 5,839 |
Capital expenditures | 28 |  |  | 24 |  |  | 7 |  |  | 59 |  |  | 13 |  |  | 72 |
Investment in equity method investees | — |  |  | 26 |  |  | 152 |  |  | 178 |  |  | — |  |  | 178 |
Depreciation and amortization | 114 |  |  | 52 |  |  | 12 |  |  | 178 |  |  | 18 |  |  | 196 |
| As of and for the year ended December 31, 2022
| Franchise Group |  | Owned Brokerage Group |  | Title Group |  | Segment Total |  | Unallocated Corporate Amounts |  | Consolidated Total
Capital expenditures | $ | 42 |  |  | $ | 40 |  |  | $ | 11 |  |  | $ | 93 |  |  | $ | 16 |  |  | $ | 109 |
Depreciation and amortization | 119 |  |  | 63 |  |  | 11 |  |  | 193 |  |  | 21 |  |  | 214 |
The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.
| United States |  | All Other Countries |  | Total
On or for the year ended December 31, 2024 |  |  |  |  |
Net revenues | $ | 5,626 |  |  | $ | 66 |  |  | $ | 5,692 |
Total assets | 5,589 |  |  | 47 |  |  | 5,636 |
Net property and equipment | 246 |  |  | 1 |  |  | 247 |
On or for the year ended December 31, 2023 |  |  |  |  |
Net revenues | $ | 5,562 |  |  | $ | 74 |  |  | $ | 5,636 |
Total assets | 5,784 |  |  | 55 |  |  | 5,839 |
Net property and equipment | 279 |  |  | 1 |  |  | 280 |
On or for the year ended December 31, 2022 |  |  |  |  |
Net revenues | $ | 6,829 |  |  | $ | 79 |  |  | $ | 6,908 |
Total assets | 6,309 |  |  | 74 |  |  | 6,383 |
Net property and equipment | 316 |  |  | 1 |  |  | 317 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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