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Restructuring Costs (Tables) | 6 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs | The components of the restructuring charges were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Personnel-related costs (a) | $ | 5 |  |  | $ | 5 |  |  | $ | 8 |  |  | $ | 10 |
Facility-related costs (b) | 4 |  |  | 2 |  |  | 11 |  |  | 8 |
Other (c) | 3 |  |  | — |  |  | 5 |  |  | — |
Total restructuring charges (d) | $ | 12 |  |  | $ | 7 |  |  | $ | 24 |  |  | $ | 18 |
_______________ (a)Personnel-related costs consist of severance costs provided to employees who have been terminated. (b)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. (c)Other restructuring costs consist of costs related to professional fees, consulting fees and other costs associated with restructuring activities which are primarily recorded at Corporate. (d)Restructuring charges for the three months ended June 30, 2025 include $11 million of expense related to Reimagine25 and $1 million of expense related to prior restructuring plans. Restructuring charges for the three months ended June 30, 2024 include $7 million of expense related to prior restructuring plans. Restructuring charges for the six months ended June 30, 2025 include $19 million of expense related to Reimagine25 and $5 million of expense related to prior restructuring plans. Restructuring charges for the six months ended June 30, 2024 include $18 million of expense related to prior restructuring plans.
Schedule of Restructuring Reserve by Type of Cost | The following is a reconciliation of the beginning and ending reserve balances related to Reimagine25:
| Personnel-related costs |  | Facility-related costs |  | Other |  | Total
Balance at December 31, 2024 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Restructuring charges (a) | 8 |  |  | 6 |  |  | 5 |  |  | 19 |
Costs paid or otherwise settled | (2) |  |  | (3) |  |  | (4) |  |  | (9) |
Balance at June 30, 2025 | $ | 6 |  |  | $ | 3 |  |  | $ | 1 |  |  | $ | 10 |
_______________ (a)In addition, the Company incurred $2 million of facility-related costs for lease asset impairments in connection with Reimagine25 during the six months ended June 30, 2025.
Schedule of Expected Restructuring Costs by Cost Type | The following table shows the total costs currently expected to be incurred by type of cost related to Reimagine25:
| Total amount expected to be incurred |  | Amount incurred to date |  | Total amount remaining to be incurred
Personnel-related costs | $ | 12 |  |  | $ | 8 |  |  | $ | 4 |
Facility-related costs | 16 |  |  | 6 |  |  | 10 |
Other costs | 8 |  |  | 7 |  |  | 1 |
Total | $ | 36 |  |  | $ | 21 |  |  | $ | 15 |
Schedule of Expected Restructuring Costs by Business Segment | The following table shows the total costs currently expected to be incurred by reportable segment and Corporate and Other related to Reimagine25:
| Total amount expected to be incurred |  | Amount incurred to date |  | Total amount remaining to be incurred
Franchise Group | $ | 3 |  |  | $ | 3 |  |  | $ | — |
Owned Brokerage Group | 20 |  |  | 8 |  |  | 12 |
Title Group | 3 |  |  | 1 |  |  | 2 |
Corporate and Other | 10 |  |  | 9 |  |  | 1 |
Total | $ | 36 |  |  | $ | 21 |  |  | $ | 15 |

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- Definition Tabular disclosure of expected restructuring and related costs by business segment including expected costs to be incurred, the cumulative costs incurred as of the balance sheet date, and remaining costs to be incurred. + References No definition available. + Details
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- Definition Tabular disclosure of expected restructuring and related costs by type of restructuring cost including expected costs to be incurred, the cumulative costs incurred as of the balance sheet date, and remaining costs to be incurred. + References No definition available. + Details
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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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