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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill [Table Text Block]
Changes in the carrying amount of Goodwill and Accumulated impairment losses by reportable segment are as follows:
Franchise Group
Owned Brokerage Group
Title Group
Total
Company
Goodwill (gross) at December 31, 2024
$3,953 $1,089 $455 $5,497 
Goodwill acquired— — — — 
Goodwill reduction— — — — 
Goodwill (gross) at March 31, 2025
3,953 1,089 455 5,497 
Accumulated impairment losses at December 31, 2024
(1,586)(1,088)(324)(2,998)
Goodwill impairment— — — — 
Accumulated impairment losses at March 31, 2025 (a)
(1,586)(1,088)(324)(2,998)
Goodwill (net) at March 31, 2025
$2,367 $$131 $2,499 
_______________
(a)Includes impairment charges which reduced goodwill by $25 million during 2023, $394 million during 2022, $540 million during 2020, $253 million during 2019, $1,279 million during 2008 and $507 million during 2007.
Schedule of Intangible Assets
Intangible assets are as follows:
 As of March 31, 2025As of December 31, 2024
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Amortizable—Franchise agreements (a)$2,010 $1,206 $804 $2,010 $1,189 $821 
Indefinite life—Trademarks (b)$584 $584 $584 $584 
Other Intangibles
Amortizable—License agreements (c)$45 $17 $28 $45 $17 $28 
Amortizable—Customer relationships (d)449 406 43 449 401 48 
Indefinite life—Title plant shares (e)30 30 30 30 
Amortizable—Other (f)— — 
Total Other Intangibles$528 $427 $101 $528 $422 $106 
_______________
(a)Generally amortized over a period of 30 years.
(b)Primarily related to real estate franchise, title and relocation trademarks which are expected to generate future cash flows for an indefinite period of time.
(c)Relates to the Sotheby’s International Realty® and Better Homes and Gardens® Real Estate agreements which are being amortized over 50 years (the contractual term of the license agreements).
(d)Relates to the customer relationships which are being amortized over a period of 10 to 20 years.
(e)Ownership in a title plant is required to transact title insurance in certain states. The Company expects to generate future cash flows for an indefinite period of time.
(f)Consists of covenants not to compete which are amortized over their contract lives and other intangibles which are generally amortized over periods ranging from 3 to 5 years.
Intangible asset amortization expense
Intangible asset amortization expense is as follows:
 Three Months Ended March 31,
 20252024
Franchise agreements$17 $16 
Customer relationships
Total$22 $22