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Reconciliation of Operating EBITDA from Segment to Consolidated (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Commission and other agent-related costs $ 1,067 $ 998 $ 2,969 $ 2,832
Operating 306 287 886 845
Marketing 50 51 143 143
Income (Loss) from Equity Method Investments (4) (6) (8) (8)
Former parent legacy (benefit) cost, net 0 (1) (2) 1
Gain (Loss) on Extinguishment of Debt 0 7 2 7
Other corporate expenses 43 34 116 92
Depreciation and amortization 48 48 143 151
Interest expense, net 47 38 119 117
Stock-based compensation 4 4 13 12
Restructuring Charges [1] 9 6 33 24
Restructuring and merger-related costs, net 14 [2] 6 38 [2] 24
Impairments 1 1 7 9
Loss (gain) on the sale of businesses, investments or other assets, net (1) 0 (5) 0
Income (Loss) Attributable to Parent, before Tax (13) 9 (79) (79)
Merger Related Costs [3] 5 0 5 0
Industry-wide antitrust lawsuits and class-action lawsuits        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Legal contingencies 0 10 0 10
Franchise Group | Operating Segments        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Commission and other agent-related costs [4] 0 0 0 0
Operating [4] 63 64 185 187
Marketing [4] 23 24 65 64
General and administrative (c) [4],[5] 32 29 82 81
Income (Loss) from Equity Method Investments [4] 0 0 0 0
Other segment items (d) [4],[6] 0 (1) (1) 0
Segment operating EBITDA [4] 155 151 415 400
Depreciation and amortization 30 29 90 88
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 [4] 1,067 998 2,969 2,832
Operating [4] 242 228 693 668
Marketing [4] 27 26 78 76
General and administrative (c) [4],[5] 14 18 48 64
Income (Loss) from Equity Method Investments [4] (1) (2) (3) (3)
Other segment items (d) [4],[6] 2 1 1 (1)
Segment operating EBITDA [4] (11) (11) (58) (66)
Depreciation and amortization 11 13 31 36
Title Group | Operating Segments        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Commission and other agent-related costs [4] 0 0 0 0
Operating [4] 86 76 247 222
Marketing [4] 4 5 11 14
General and administrative (c) [4],[5] 17 17 45 43
Income (Loss) from Equity Method Investments [4] (3) (4) (5) (5)
Other segment items (d) [4],[6] 0 0 0 0
Segment operating EBITDA [4] (1) 2 (9) (4)
Depreciation and amortization 2 2 8 15
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 [4] 1,067 998 2,969 2,832
Operating [4] 391 368 1,125 1,077
Marketing [4] 54 55 154 154
General and administrative (c) [4],[5] 63 64 175 188
Income (Loss) from Equity Method Investments [4] (4) (6) (8) (8)
Other segment items (d) [4],[6] 2 0 0 (1)
Segment operating EBITDA [4] 143 142 348 330
Depreciation and amortization $ 43 $ 44 $ 129 $ 139
[1] Restructuring costs for the three months ended September 30, 2025 include $6 million of expense related to Reimagine25 and $3 million of expense related to prior restructuring plans. Restructuring costs for the three months ended September 30, 2024 include $6 million of expense related to prior restructuring plans.
Restructuring costs for the nine months ended September 30, 2025 include $25 million of expense related to Reimagine25 and $8 million of expense related to prior restructuring plans. Restructuring costs for the nine months ended September 30, 2024 include $24 million of expense related to prior restructuring plans.
[2] Merger-related costs include $5 million of transaction-related expenses incurred in connection with the pending Merger with Compass which primarily consist of legal, advisory, accounting and other professional service fees.
[3] Merger-related expenses incurred in connection with the pending Merger with Compass are included in the line item “Restructuring and merger-related costs, net” in the Condensed Consolidated Statements of Operations. These costs primarily consist of legal, advisory, accounting and other professional service fees and are expensed as incurred. Such costs are considered period expenses and are not included in the purchase consideration under ASC Topic 805.
[4] 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.
[5] General and administrative expenses exclude non-cash stock-based compensation.
[6] Other segment items include Net income (loss) attributable to noncontrolling interests and other non-operating items. Amounts are immaterial to each segment.