XML 142 R110.htm IDEA: XBRL DOCUMENT v3.25.0.1
Reconciliations of Operating EBITDA from Segment to Consolidated (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Commission and other agent-related costs $ 3,718 $ 3,664 $ 4,415
Operating 1,125 1,147 1,377
Marketing 195 215 252
Equity in (earnings) losses of unconsolidated entities (7) (9) 28
Former parent legacy cost, net 2 18 1
Gain (Loss) on Extinguishment of Debt (7) (169) 96
Other corporate expenses 125 121 78
Depreciation and amortization 198 196 214
Interest expense, net 153 151 113
Stock-based compensation expense 17 12 22
Restructuring costs, net [1] 32 49 32
Impairments 20 65 483
Legal contingencies   43  
Loss (gain) on the sale of businesses, investments or other assets, net 3 2 (135)
Income (Loss) Attributable to Parent, before Tax (130) (112) (355)
Industry-wide antitrust lawsuits and class action lawsuits      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Legal contingencies 2   63
Franchise Group | Operating Segments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Commission and other agent-related costs [2] 0 0 0
Operating [2] 248 259 272
Marketing [2] 89 95 106
General and administrative less legal contingencies and stock-based compensation [2],[3] 103 102 94
Equity in (earnings) losses of unconsolidated entities [2] 0 0 0
Segment Reporting, Other Segment Item, Amount [2],[4] 0 0 0
Operating EBITDA [2] 521 527 673
Depreciation and amortization 117 114 119
Owned Brokerage Group | Operating Segments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Commission and other agent-related costs [2] 3,718 3,664 4,415
Operating [2] 882 893 1,034
Marketing [2] 102 114 141
General and administrative less legal contingencies and stock-based compensation [2],[3] 85 93 71
Equity in (earnings) losses of unconsolidated entities [2] (5) (2) 17
Segment Reporting, Other Segment Item, Amount [2],[4] (1) 1 0
Operating EBITDA [2] (93) (135) (72)
Depreciation and amortization 46 52 63
Title Group | Operating Segments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Commission and other agent-related costs [2] 0 0 0
Operating [2] 299 294 428
Marketing [2] 18 19 20
General and administrative less legal contingencies and stock-based compensation [2],[3] 59 52 59
Equity in (earnings) losses of unconsolidated entities [2] (2) (7) 11
Segment Reporting, Other Segment Item, Amount [2],[4] 1 (2) 1
Operating EBITDA [2] (13) (16) 11
Depreciation and amortization 18 12 11
Reportable Segment, Aggregation before Other Operating Segment | Operating Segments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Commission and other agent-related costs [2] 3,718 3,664 4,415
Operating [2] 1,429 1,446 1,734
Marketing [2] 209 228 267
General and administrative less legal contingencies and stock-based compensation [2],[3] 247 247 224
Equity in (earnings) losses of unconsolidated entities [2] (7) (9) 28
Segment Reporting, Other Segment Item, Amount [2],[4] 0 (1) 1
Operating EBITDA [2] 415 376 612
Depreciation and amortization $ 181 $ 178 $ 193
[1] Restructuring charges for the year ended December 31, 2024 include $2 million of expense related to the Reimagine25 Plan, $26 million of expense related to the Operational Efficiencies Plan and $4 million of expense related to prior restructuring plans. Restructuring charges for the year ended December 31, 2023 include $43 million of expense related to the Operational Efficiencies Plan and $6 million of expense related to prior restructuring plans. Restructuring charges for the year ended December 31, 2022 include $20 million of expense related to the Operational Efficiencies Plan and $12 million of expense related to prior restructuring plans.
[2] 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.
[3] 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.
[4] Other segment items include Net income (loss) attributable to noncontrolling interests and other non-operating items. Amounts are immaterial to each segment.