Realogy (RLGY) 10-K 24 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2015	Feb. 19, 2016	Jun. 30, 2014
Document Information [Line Items]
Entity Registrant Name	REALOGY HOLDINGS CORP.
Entity Central Index Key	1,398,987
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		146,752,841
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 6.8
Realogy [Member]
Document Information [Line Items]
Entity Registrant Name	REALOGY GROUP LLC
Entity Central Index Key	1,355,001
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	No

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Gross commission income	$ 4,288	$ 4,028	$ 3,946
Service revenue	882	802	867
Franchise fees	353	333	322
Other	183	165	154
Net revenues	5,706	5,328	5,289
Expenses
Commission and other agent-related costs	2,931	2,755	2,691
Operating	1,458	1,350	1,371
Marketing	226	214	199
General and administrative	337	293	327
Former parent legacy benefit, net	(15)	(10)	(4)
Restructuring costs, net	10	(1)	4
Depreciation and amortization	201	190	176
Interest expense, net	231	267	281
Loss on the early extinguishment of debt	48	47	68
Other (income)/expense, net	(3)	(2)	1
Total expenses	5,424	5,103	5,114
Income before income taxes, equity in earnings and noncontrolling interests	282	225	175
Income tax expense (benefit)	110	87	(242)
Equity in earnings of unconsolidated entities	(16)	(9)	(26)
Net income	188	147	443
Less: Net income attributable to noncontrolling interests	(4)	(4)	(5)
Net income attributable to Realogy Holdings and Realogy Group	$ 184	$ 143	$ 438
Earnings per share attributable to Realogy Holdings:
Basic earnings per share	$ 1.26	$ 0.98	$ 3.01
Diluted earnings per share	$ 1.24	$ 0.97	$ 2.99
Weighted average common and common equivalent shares of Realogy Holdings outstanding:
Basic	146.5	146	145.4
Diluted	148.1	147.2	146.6

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net income	$ 188	$ 147	$ 443
Currency translation adjustment	(4)	(4)	0
Defined Benefit Plans:
Actuarial gain (loss) for the plans	1	(24)	19
Less: amortization of actuarial loss to periodic pension cost	(2)	(1)	(2)
Defined benefit plans	3	(23)	21
Other comprehensive income (loss), before tax	(1)	(27)	21
Income tax expense (benefit) related to items of other comprehensive income (loss) amounts	0	(11)	9
Other comprehensive income (loss), net of tax	(1)	(16)	12
Comprehensive income	187	131	455
Less: comprehensive income attributable to noncontrolling interests	(4)	(4)	(5)
Comprehensive income attributable to Realogy Holdings and Realogy Group	$ 183	$ 127	$ 450

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 415	$ 313
Trade receivables (net of allowance for doubtful accounts of $20 and $27)	141	116
Relocation receivables	279	297
Other current assets	126	120
Total current assets	961	846
Property and equipment, net	254	233
Goodwill	3,618	3,477
Trademarks	745	736
Franchise agreements, net	1,428	1,495
Other intangibles, net	316	341
Other non-current assets	209	176
Total assets	7,531	7,304
Current liabilities:
Accounts payable	139	128
Securitization obligations	247	269
Due to former parent	31	51
Current portion of long-term debt	740	19
Accrued expenses and other current liabilities	448	411
Total current liabilities	1,605	878
Long-term debt	2,962	3,836
Deferred income taxes	267	171
Other non-current liabilities	275	236
Total liabilities	$ 5,109	$ 5,121
Commitments and contingencies (Notes 13 and 14)
Equity:
Realogy Holdings preferred stock: $.01 par value; 50,000,000 shares authorized, none issued and outstanding at December 31, 2015 and December 31, 2014	$ 0	$ 0
Realogy Holdings common stock: $.01 par value; 400,000,000 shares authorized 146,746,537 shares outstanding at December 31, 2015 and 146,382,923 shares outstanding at December 31, 2014	1	1
Additional paid-in capital	5,733	5,677
Accumulated deficit	(3,280)	(3,464)
Accumulated other comprehensive loss	(36)	(35)
Total stockholders' equity	2,418	2,179
Noncontrolling interests	4	4
Total equity	2,422	2,183
Total liabilities and equity	$ 7,531	$ 7,304

Consolidated Balance Sheet Pare

Consolidated Balance Sheet Parenthetical - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Allowance for doubtful accounts	$ 20	$ 27
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares outstanding	147,000,000	146,382,923
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares outstanding	0	0

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Activities
Net income	$ 188	$ 147	$ 443
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	201	190	176
Deferred income taxes	96	77	(249)
Amortization of deferred financing costs and discount	18	17	12
Non-cash portion of the loss on the early extinguishment of debt	9	24	14
Equity in earnings of unconsolidated entities	(16)	(9)	(26)
Stock-based compensation	57	42	61
Mark-to-market adjustments on derivatives	18	29	(4)
Other adjustments to net income	(4)	(1)	5
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:
Trade receivables	(27)	4	0
Relocation receivables	17	(29)	55
Other assets	(25)	(5)	5
Accounts payable, accrued expenses and other liabilities	28	(53)	(14)
Due to former parent	(20)	(11)	(4)
Dividends received from unconsolidated entities	13	5	42
Taxes paid related to net share settlement for stock-based compensation	(6)	(6)	(22)
Other, net	(3)	2	(2)
Net cash provided by operating activities	544	423	492
Investing Activities
Property and equipment additions	(84)	(71)	(62)
Payments for acquisitions, net of cash acquired	(127)	(215)	(32)
Change in restricted cash	2	4	(5)
Other, net	0	(16)	(3)
Net cash used in investing activities	(209)	(298)	(102)
Financing Activities
Net change in revolving credit facilities	200	0	(110)
Proceeds from issuance of Term Loan A Facility	435	0	0
Proceeds from amended Term Loan B Facility	0	0	79
Repayments of Term Loan B Facility	(19)	(19)	(15)
Redemption of First Lien Notes	(593)	0	0
Repurchases of First and a Half Lien Notes	(196)	(729)	(100)
Proceeds from issuance of Senior Notes	0	750	500
Redemption of Senior Notes and Senior Subordinated Notes	0	0	(821)
Net change in securitization obligations	(21)	17	(9)
Debt transaction costs	(10)	(44)	(28)
Proceeds from exercise of stock options	5	6	5
Other, net	(32)	(27)	(31)
Net cash used in financing activities	(231)	(46)	(530)
Effect of changes in exchange rates on cash and cash equivalents	(2)	(2)	0
Net increase (decrease) in cash and cash equivalents	102	77	(140)
Cash and cash equivalents, beginning of period	313	236	376
Cash and cash equivalents, end of period	415	313	236
Supplemental Disclosure of Cash Flow Information
Interest payments (including securitization interest of $6, $6 and $7, respectively)	244	249	312
Income tax payments, net	17	10	16
Securitization Interest	$ 6	$ 6	$ 7

Consolidated Statements Of Equi

Consolidated Statements Of Equity (Deficit) - USD ($) $ in Millions	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss		Non- controlling Interests
Balance (in shares) at at Dec. 31, 2012		145,300,000
Balance at Dec. 31, 2012	$ 1,519	$ 1	$ 5,591	$ (4,045)	$ (31)		$ 3
Net income	443			438			5
Other comprehensive income	12				12	[1]
Exercise of stock options (in shares)		200,000
Exercise of stock options	5		5
Stock-based compensation	19		19
Issuance of common stock (in shares)		900,000
Issuance of shares under the Phantom Value Plan	42		42
Issuance of shares for vesting of restricted stock awards, net of forfeitures		100,000
Shares withheld for taxes on equity awards (in shares)		(400,000)
Shares withheld for taxes on equity awards	(22)		(22)
Dividends	(5)						(5)
Balance (in shares) at at Dec. 31, 2013		146,100,000
Balance at Dec. 31, 2013	2,013	$ 1	5,635	(3,607)	(19)		3
Net income	147			143			4
Other comprehensive income	(16)				(16)	[1]
Exercise of stock options (in shares)		300,000
Exercise of stock options	6		6
Stock-based compensation	42		42
Issuance of shares for vesting of restricted stock awards, net of forfeitures		100,000
Shares withheld for taxes on equity awards (in shares)		(100,000)
Shares withheld for taxes on equity awards	(6)		(6)
Dividends	(4)						(4)
Capital contributions from noncontrolling interests	$ 1
Balance (in shares) at at Dec. 31, 2014	146,382,923	146,400,000
Balance at Dec. 31, 2014	$ 2,183	$ 1	5,677	(3,464)	(35)		4
Net income	188			184			4
Other comprehensive income	(1)				(1)	[1]
Exercise of stock options (in shares)		200,000
Exercise of stock options	5		5
Stock-based compensation	57		57
Issuance of shares for vesting of restricted stock awards, net of forfeitures		200,000
Shares withheld for taxes on equity awards (in shares)		(100,000)
Shares withheld for taxes on equity awards	(6)		(6)
Dividends	$ (4)						(4)
Balance (in shares) at at Dec. 31, 2015	147,000,000	146,700,000
Balance at Dec. 31, 2015	$ 2,422	$ 1	$ 5,733	$ (3,280)	$ (36)		$ 4
[1]	As of December 31, 2015, the Company does not have any after-tax components of accumulated other comprehensive loss attributable to noncontrolling interests.

Note 1. Basis of Presentation B

Note 1. Basis of Presentation Basis of Presentation (Notes)	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Description and Basis of Presentation [Text Block]	BASIS OF PRESENTATION Realogy Holdings Corp. ("Realogy Holdings", "Realogy" or the "Company") is a holding company for its consolidated subsidiaries including Realogy Intermediate Holdings LLC ("Realogy Intermediate") and Realogy Group LLC ("Realogy Group") and its consolidated subsidiaries. Realogy, through its subsidiaries, is a global provider of residential real estate services. Neither Realogy Holdings, the indirect parent of Realogy Group, nor Realogy Intermediate, the direct parent company of Realogy Group, conducts any operations other than with respect to its respective direct or indirect ownership of Realogy Group. As a result, the consolidated financial positions, results of operations, comprehensive income and cash flows of Realogy Holdings, Realogy Intermediate and Realogy Group are the same. The accompanying Consolidated Financial Statements include the financial statements of Realogy Holdings and Realogy Group. Realogy Holdings' only asset is its investment in the common stock of Realogy Intermediate, and Realogy Intermediate’s only asset is its investment in Realogy Group. Realogy Holdings' only obligations are its guarantees of certain borrowings and certain franchise obligations of Realogy Group. All expenses incurred by Realogy Holdings and Realogy Intermediate are for the benefit of Realogy Group and have been reflected in Realogy Group’s consolidated financial statements. The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America. All intercompany balances and transactions have been eliminated. Business Description The Company reports its operations in the following four business segments: • Real Estate Franchise Services (known as Realogy Franchise Group or RFG)—franchises the Century 21 ® , Coldwell Banker ® , Coldwell Banker Commercial ® , ERA ® , Sotheby's International Realty ® and Better Homes and Gardens ® Real Estate brand names. As of December 31, 2015 , our franchise systems had approximately 13,600 franchised and company owned offices and approximately 256,800 independent sales associates operating under our franchise and proprietary brands in the U.S. and 109 other countries and territories around the world, which included approximately 790 of our company owned and operated brokerage offices with approximately 47,000 independent sales associates. • Company Owned Real Estate Brokerage Services (known as NRT)—operates a full-service real estate brokerage business principally under the Coldwell Banker ® , Corcoran ® , Sotheby’s International Realty ® , Citi Habitats SM and ZipRealty ® brand names in more than 50 of the 100 largest metropolitan areas in the U.S. This segment also includes the Company's share of earnings for our PHH Home Loans venture. • Relocation Services (known as Cartus)—primarily offers clients employee relocation services such as homesale assistance, providing home equity advances to transferees (generally guaranteed by the client), home finding and other destination services, expense processing, relocation policy counseling and consulting services, arranging household goods moving services, coordinating visa and immigration support, intercultural and language training and group move management services. Cartus also serves affinity organizations such as insurance companies and credit unions that provide Cartus' services to their members. • Title and Settlement Services (known as Title Resource Group or TRG)—provides full-service title and settlement services to real estate companies, affinity groups, corporations and financial institutions with many of these services provided in connection with the Company's real estate brokerage and relocation services business.

Note 2. Summary of Significant

Note 2. Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Notes)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES USE OF ESTIMATES In presenting the consolidated financial statements, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ materially from those estimates. REVENUE RECOGNITION Real Estate Franchise Services The Company franchises its real estate brokerage franchise systems to real estate brokerage businesses that are independently owned and operated. The Company provides operational and administrative services and systems to franchisees, which include marketing programs, systems and tools that are designed to help the Company's franchisees serve their customers and attract new or retain existing independent sales associates, training and volume purchasing discounts through the Company’s preferred alliance program. Franchise revenue principally consists of royalty and marketing fees from the Company’s franchisees. The royalty received is primarily based on a percentage of the franchisee’s gross commission income. Royalty fees are accrued as the underlying franchisee revenue is earned (upon close of the homesale transaction). Annual volume incentives given to certain franchisees on royalty fees are recorded as a reduction to revenue and are accrued for in relative proportion to the recognition of the underlying gross franchise revenue. Non-standard incentives are recorded as a reduction to revenue ratably over the related performance period or from the date of issuance through the remaining life of the related franchise agreement. Franchise revenue also includes initial franchise fees and initial area development fees, which are generally non-refundable and recognized by the Company as revenue when all material services or conditions relating to the sale have been substantially performed. The Company also earns marketing fees from its franchisees and utilizes such fees to fund marketing campaigns on behalf of its franchisees. Company Owned Real Estate Brokerage Services As an owner-operator of real estate brokerages, the Company assists home buyers and sellers in listing, marketing, selling and finding homes. Real estate commissions earned by the Company’s real estate brokerage business are recorded as revenue on a gross basis upon the closing of a real estate transaction (i.e., purchase or sale of a home), which are referred to as gross commission income. The commissions the Company pays to real estate agents are recognized concurrently with associated revenues and presented as the commission and other agent-related costs line item on the accompanying Consolidated Statements of Operations. Relocation Services The Company provides relocation services to corporate and government clients for the transfer of their employees. Such services include the purchasing and/or selling of a transferee’s home, providing home equity advances to transferees (generally guaranteed by the client), expense processing, arranging household goods moving services, home finding and other related services. The Company earns revenues from fees charged to clients for the performance and/or facilitation of these services and recognizes such revenue as services are provided, except for limited instances in which the Company assumes the risk of loss on the sale of a transferring employee’s home ("at risk"). In such cases, revenues are recorded as earned with associated costs recorded within operating expenses. In the majority of relocation transactions, the gain or loss on the sale of a transferee’s home is generally borne by the client. However, there are limited instances in which the Company assumes the risk of loss. Under "at risk" contracts, the Company records the value of the home on its Consolidated Balance Sheets within the Other current assets line item at the lower of cost or net realizable value less estimated direct costs to sell. The difference between the actual purchase price and proceeds received on the sale of the home is recorded within operating expenses on the Company’s Consolidated Statements of Operations and the gain or loss was not material for any period presented. The Company also earns referral commission revenue from real estate brokers, which is recognized at the time the underlying property closes, and revenues from other third-party service providers where the Company earns a referral commission, which is recognized at the time of completion of services. Additionally, the Company generally earns interest income on the funds it advances on behalf of the transferring employee, which is recorded within other revenue (as is the corresponding interest expense on the securitization obligations) in the accompanying Consolidated Statements of Operations. Title and Settlement Services The Company provides title and closing services, which include title search procedures for title insurance policies, homesale escrow and other closing services. Title revenues, which are recorded net of amounts remitted to third-party insurance underwriters, and title and closing service fees are recorded at the time a homesale transaction or refinancing closes. The Company also owns an underwriter of title insurance. For independent title agents, the underwriter recognizes policy premium revenue on a gross basis (before deduction of agent commission) upon notice of policy issuance from the agent. For affiliated title agents, the underwriter recognizes the incremental policy premium revenue upon the effective date of the title policy as the agent commission revenue is already recognized by the affiliated title agent. CONSOLIDATION The Company consolidates any VIE for which it is the primary beneficiary with a controlling financial interest. Also, the Company consolidates an entity not deemed a VIE if its ownership, direct or indirect, exceeds 50% of the outstanding voting shares of an entity and/or it has the ability to control the financial or operating policies through its voting rights, board representation or other similar rights. For entities where the Company does not have a controlling interest (financial or operating), the investments in such entities are accounted for using the equity or cost method, as appropriate. The Company applies the equity method of accounting when it has the ability to exercise significant influence over operating and financial policies of an investee. The Company uses the cost method for all other investments. CASH AND CASH EQUIVALENTS The Company considers highly liquid investments with remaining maturities not exceeding three months at the date of purchase to be cash equivalents. RESTRICTED CASH Restricted cash primarily relates to amounts specifically designated as collateral for the repayment of outstanding borrowings under the Company’s securitization facilities. Such amounts approximated $8 million and $10 million at December 31, 2015 and 2014 , respectively and are primarily included within other current assets on the Company’s Consolidated Balance Sheets. ALLOWANCE FOR DOUBTFUL ACCOUNTS The Company estimates the allowance necessary to provide for uncollectible accounts receivable. The estimate is based on historical experience, combined with a review of current developments and includes specific accounts for which payment has become unlikely. The process by which the Company calculates the allowance begins in the individual business units where specific problem accounts are identified and reserved primarily based upon the age profile of the receivables and specific payment issues. ADVERTISING EXPENSES Advertising costs are generally expensed in the period incurred. Advertising expenses, recorded within the marketing expense line item on the Company’s Consolidated Statements of Operations, were approximately $194 million , $188 million and $174 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. DEBT ISSUANCE COSTS Debt issuance costs include costs incurred in connection with obtaining debt and extending existing debt. These financing costs are capitalized and amortized on a straight-line basis over the term of the loan and are included as a component of interest expense. In the fourth quarter of 2015, the Company early adopted Accounting Standards Update— Simplifying the Presentation of Debt Issuance Costs , requiring that debt issuance costs related to a debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The change in presentation is reflected retroactively. INCOME TAXES The Company’s provision for income taxes is determined using the asset and liability method, under which deferred tax assets and liabilities are calculated based upon the temporary differences between the financial statement and income tax bases of assets and liabilities using currently enacted tax rates. These differences are based upon estimated differences between the book and tax basis of the assets and liabilities for the Company. Certain tax assets and liabilities of the Company may be adjusted in connection with the finalization of income tax audits. The Company’s deferred tax assets are recorded net of a valuation allowance when, based on the weight of available evidence, it is more likely than not that all or some portion of the recorded deferred tax balances will not be realized in future periods. Decreases to the valuation allowance are recorded as reductions to the Company’s provision for income taxes and increases to the valuation allowance result in additional provision for income taxes. In the fourth quarter of 2015, the Company early adopted Accounting Standards Update —Balance Sheet Classification of Deferred Taxes , requiring that deferred tax assets and deferred tax liabilities be presented as non-current in a classified balance sheet. This standard simplifies current guidance, which requires that deferred tax assets and deferred tax liabilities be separately presented as current and non-current in a classified balance sheet. The change in presentation is reflected retroactively. DERIVATIVE INSTRUMENTS The Company records derivatives and hedging activities on the balance sheet at their respective fair values. The Company uses foreign currency forward contracts largely to manage its exposure to changes in foreign currency exchange rates associated with its foreign currency denominated receivables and payables. The Company primarily manages its foreign currency exposure to the Euro, Swiss Franc, Canadian Dollar and British Pound. The Company has not elected to utilize hedge accounting for these forward contracts; therefore, any change in fair value is recorded in the Consolidated Statements of Operations. However, the fluctuations in the value of these forward contracts generally offset the impact of changes in the value of the underlying risk that they are intended to economically hedge. The Company also enters into interest rate swaps to manage its exposure to changes in interest rates associated with its variable rate borrowings. The Company has interest rate swaps with an aggregate notional value of $1,475 million to offset the variability in cash flows resulting from the term loan facilities as follows: Notional Value (in millions) Commencement Date Expiration Date $225 July 2012 February 2018 $200 January 2013 February 2018 $600 August 2015 August 2020 $450 November 2017 November 2022 The Company has not elected to utilize hedge accounting for these interest rate swaps; therefore, any change in fair value is recorded in the Consolidated Statements of Operations. INVESTMENTS At December 31, 2015 and 2014 , the Company had various equity method investments aggregating $65 million and $61 million , respectively, which are recorded within other non-current assets on the accompanying Consolidated Balance Sheets. Included in such investments is a 49.9% interest in PHH Home Loans, a mortgage origination venture formed in 2005 created for the purpose of originating and selling mortgage loans primarily sourced through the Company’s real estate brokerage and relocation businesses. PHH Corporation ("PHH") owns the remaining percentage. The Company’s maximum exposure to loss with respect to its investment in PHH Home Loans is limited to its equity investment of $58 million at December 31, 2015 . In connection with the joint venture, the Company recorded equity earnings related to its investment in PHH Home Loans of $14 million , $8 million and $24 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. The Company received cash dividends from PHH Home Loans of $10 million , $3 million and $40 million during the years ended December 31, 2015 , 2014 and 2013 , respectively. The following presents the summarized financial information for PHH Home Loans: December 31, 2015 2014 Balance sheet data: Total assets $ 491 $ 480 Total liabilities 379 375 Total members’ equity 112 105 Year Ended December 31, 2015 2014 2013 Statement of operations data: Total revenues $ 233 $ 200 $ 282 Total expenses 205 185 235 Net income 28 15 47 PROPERTY AND EQUIPMENT Property and equipment (including leasehold improvements) are initially recorded at cost, net of accumulated depreciation and amortization. Depreciation, recorded as a component of depreciation and amortization on the Consolidated Statements of Operations, is computed utilizing the straight-line method over the estimated useful lives of the related assets. Amortization of leasehold improvements, also recorded as a component of depreciation and amortization, is computed utilizing the straight-line method over the estimated benefit period of the related assets or the lease term, if shorter. Useful lives are 30 years for buildings, up to 20 years for leasehold improvements, and from 3 to 7 years for furniture, fixtures and equipment. The Company capitalizes the costs of software developed for internal use which commences during the development phase of the project. The Company amortizes software developed or obtained for internal use on a straight-line basis, generally from 1 to 5 years, when such software is substantially ready for use. The net carrying value of software developed or obtained for internal use was $79 million and $85 million at December 31, 2015 and 2014 , respectively. IMPAIRMENT OF GOODWILL, INTANGIBLE ASSETS AND OTHER LONG-LIVED ASSETS Goodwill represents the excess of acquisition costs over the fair value of the net tangible assets and identifiable intangible assets acquired in a business combination. Indefinite-lived intangible assets primarily consist of trademarks acquired in business combinations. Goodwill and indefinite-lived assets are not amortized, but are subject to impairment testing. The aggregate carrying value of our goodwill and other indefinite-lived intangible assets was $3,618 million and $756 million , respectively, at December 31, 2015 and are subject to impairment testing annually as of October 1, or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. This testing compares carrying values to fair values and, when appropriate, the carrying value is reduced to fair value. In testing goodwill, the fair value of our reporting units is estimated utilizing a discounted cash flow approach utilizing long-term cash flow forecasts and our annual operating plans adjusted for terminal value assumptions. We determine the fair value of our reporting units utilizing our best estimate of future revenues, operating expenses, cash flows, market and general economic conditions as well as assumptions that we believe marketplace participants would utilize including discount rates, cost of capital, trademark royalty rates and long-term growth rates. The trademark royalty rate was determined by reviewing similar trademark agreements with third parties. Although we believe our assumptions are reasonable, actual results may vary significantly. These impairment tests involve the use of accounting estimates and assumptions, changes in which could materially impact our financial condition or operating performance if actual results differ from such estimates and assumptions. To address this uncertainty we perform sensitivity analysis on key estimates and assumptions. Based upon the impairment analysis performed in the fourth quarter of 2015 , 2014 and 2013 , there was no impairment of goodwill or other indefinite-lived intangible assets for these years. Management evaluated the effect of lowering the estimated fair value for each of the reporting units by 10% and determined that no impairment of goodwill would have been recognized under this evaluation for 2015 , 2014 or 2013 . The Company evaluates the recoverability of its other long-lived assets, including amortizable intangible assets, if circumstances indicate an impairment may have occurred. This analysis is performed by comparing the respective carrying values of the assets to the current and expected future cash flows, on an undiscounted basis, to be generated from such assets. Property and equipment is evaluated separately within each business unit. If such analysis indicates that the carrying value of these assets is not recoverable, then the carrying value of such assets is reduced to fair value through a charge to the Company’s Consolidated Statements of Operations. There were no impairments relating to other long-lived assets, including amortizable intangible assets, during 2015 , 2014 or 2013 . SUPPLEMENTAL CASH FLOW INFORMATION Significant non-cash transactions in 2015 included $17 million in capital lease additions, which resulted in non-cash accruals to fixed assets and other long-term liabilities. Significant non-cash transactions in 2014 included $8 million in capital lease additions, which resulted in non-cash accruals to fixed assets and other long-term liabilities. Significant non-cash transactions in 2013 included non-cash issuances of common stock of $22 million pursuant to the Phantom Value Plan, net of shares withheld for taxes. In addition, during 2013 , the Company recorded $6 million in tenant improvements related to the new corporate headquarters and $14 million in capital lease additions, both of which resulted in non-cash accruals to fixed assets and other long-term liabilities. STOCK-BASED COMPENSATION The Company grants stock-based awards to certain senior management, employees and directors including non-qualified stock options, restricted stock, restricted stock units and performance share units . The fair value of non-qualified stock options is estimated using the Black-Scholes option pricing model on the grant date and is recognized as expense over the service period based on the vesting requirements. The fair value of r estricted stock, restricted stock units and performance share units without a market condition is measured based on the closing price of the Company's common stock on the grant date and is recognized as expense over the service period of the award, or when requisite performance metrics or milestones are probable of being achieved . The fair value of awards with a market condition are estimated using the Monte Carlo simulation method and expense is recognized on a straight-line basis over the requisite service period of the award. Determining the fair value of stock-based awards at the grant date requires considerable judgment, including estimating expected volatility, expected term, risk-free rate and estimated forfeiture rates. RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS In April 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update ("ASU") —Simplifying the Presentation of Debt Issuance Costs , requiring that debt issuance costs related to a debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Prior to the amendment, debt issuance costs were recognized as deferred charges and recorded as other assets. The amendments in this ASU are effective for the Company’s fiscal year beginning January 1, 2016 and subsequent interim periods, with earlier adoption permitted. The Company elected to early adopt this ASU in the fourth quarter of 2015. The election requires retrospective application to all prior periods presented in the financial statements and represents a change in accounting principle. Adoption of the ASU resulted in the reclassification of debt issuance costs from deferred financing costs in other assets to a reduction in the carrying amount of the related debt liability within the Company’s consolidated balance sheets. As a result of the adoption, the December 31, 2014 indebtedness table has been restated as follows: December 31, 2014 Previously Reported Balance Effect of Accounting Principle Adoption Adjusted Balance Senior Secured Credit Facility: Term Loan B Facility $ 1,871 $ 18 $ 1,853 7.625% First Lien Notes 593 7 586 9.00% First and a Half Lien Notes 196 2 194 3.375% Senior Notes 500 3 497 4.50% Senior Notes 450 21 429 5.25% Senior Notes 300 4 296 Total Short Term & Long Term Debt $ 3,910 $ 55 $ 3,855 The debt issuance costs related to our revolving credit facilities, including securitization obligations, remain classified as an asset within other assets. In November 2015, the FASB issued ASU —Balance Sheet Classification of Deferred Taxes , requiring an entity to present deferred tax assets and deferred tax liabilities as non-current in its classified balance sheet. The ASU simplifies current guidance, which requires an entity to separately present deferred tax assets and deferred tax liabilities as current and non-current in its classified balance sheet. Entities are permitted to apply the amendments either prospectively or retrospectively. The ASU is effective for annual and interim periods beginning after December 15, 2016, with early adoption permitted. The Company elected to early adopt this ASU in the fourth quarter of 2015 and applied its provisions retrospectively to all prior periods presented in the financial statements. The election represents a change in accounting principle. As a result of the early adoption of these two ASUs, the December 31, 2014 Consolidated Balance Sheet is restated as follows: December 31, 2014 Effect of Accounting Principle Adoption Previously Reported Balance Simplifying the Presentation of Debt Issuance Costs Balance Sheet Classification of Deferred Taxes Adjusted Balance ASSETS Current assets: Deferred income taxes $ 180 $ — $ (180 ) $ — Total current assets 1,026 — (180 ) 846 Other non-current assets 230 (55 ) 1 176 Total assets 7,538 (55 ) (179 ) 7,304 LIABILITIES AND EQUITY Long-term debt $ 3,891 $ (55 ) $ — $ 3,836 Deferred income taxes 350 — (179 ) 171 Total liabilities 5,355 (55 ) (179 ) 5,121 Total liabilities and equity 7,538 (55 ) (179 ) 7,304 RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS The Company considers the applicability and impact of all Accounting Standards Updates ("ASU"). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial position or results of operations. In May 2014, the FASB and IASB issued a converged standard on revenue recognition that will have an effect on most companies to some extent. The objective of the revenue standard is to provide a single, comprehensive revenue recognition model for all contracts with customers to improve comparability within industries, across industries, and across capital markets. The revenue standard contains principles that an entity will apply to determine the measurement of revenue and the timing of revenue recognition. The new standard, as initially released, would be effective for fiscal years, and interim periods within those years, beginning after December 15, 2016 and early adoption would not be permitted. In July 2015, the FASB deferred the effective date of the new revenue standard by one year resulting in the new revenue standard being effective for fiscal years and interim periods beginning after December 15, 2017 and allowing entities to adopt one year earlier if they so elect. The new standard permits for two alternative implementation methods, the use of either (1) full retrospective application to each prior reporting period presented or (2) modified retrospective application in which the cumulative effect of initially applying the revenue standard is recognized as an adjustment to the opening balance of retained earnings in the period of adoption. The Company plans to adopt the new standard in the first quarter of 2018 but has not yet determined the method by which the standard will be adopted. The Company is currently evaluating the impact of the standard on its consolidated financial statements but does not expect the new standard to have a material impact on the financial results of the Company as the majority of our revenue is recognized at the completion of a homesale transaction and will not be impacted by this new revenue recognition guidance.

Note 3. Acquisitions Acquisitio

Note 3. Acquisitions Acquisitions (Notes)	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	ACQUISITIONS Assets acquired and liabilities assumed in business combinations were recorded in the Company’s Consolidated Balance Sheets as of the respective acquisition dates based upon their estimated fair values at such dates. The results of operations of businesses acquired by the Company have been included in the Company’s Consolidated Statements of Operations since their respective dates of acquisition. In connection with the Company’s acquisition of real estate brokerage operations, the Company obtains contractual pendings and listings intangible assets, which represent the estimated fair value of homesale transactions that are pending closing or homes listed for sale by the acquired brokerage operations. Pendings and listings intangible assets are amortized over the estimated closing period of the underlying contracts and homes listed for sale, which in most cases is approximately five months . 2015 ACQUISITIONS During the year ended December 31, 2015, the Company acquired thirteen real estate brokerage related operations through its wholly owned subsidiary, NRT, including a large franchisee of the Real Estate Franchise segment, for aggregate cash consideration of $96 million and established $13 million of liabilities related to contingent consideration and other acquisition related liabilities. These acquisitions resulted in goodwill of $94 million , pendings and listings of $10 million , other intangibles of $1 million , other assets of $7 million and other liabilities of $3 million . During the year ended December 31, 2015, the Company acquired three title and settlement operations through its wholly owned subsidiary, TRG, for cash consideration of $34 million and established $37 million of liabilities related to contingent consideration that is expected to be earned over the next four years . These acquisitions resulted in goodwill of $47 million , trademarks of $9 million , pendings and listings of $8 million , other intangibles of $5 million , title plant shares of $1 million and other assets of $1 million . None of the 2015 acquisitions were significant to the Company’s results of operations, financial position or cash flows individually or in the aggregate. 2014 ACQUISITIONS In August 2014, the Company acquired all of the outstanding shares of common stock of ZipRealty, Inc., (“ZipRealty”) for a cash purchase price of $167 million . The Company acquired ZipRealty's residential brokerage operations with 23 offices across the United States and its integrated real estate technology platform. The estimated fair values of the assets acquired and liabilities assumed resulted in goodwill of $92 million , software and fixed assets of $18 million , deferred tax assets of $46 million , customer relationships intangibles of $1 million , pendings and listings of $3 million , other intangibles of $7 million , other assets of $6 million and other liabilities of $6 million . During the year ended December 31, 2014 , in addition to the ZipRealty acquisition discussed above, NRT acquired sixteen real estate brokerage and property management operations for cash consideration of $44 million and established $19 million of liabilities related to contingent consideration. These acquisitions resulted in goodwill of $45 million , trademarks of $4 million , pendings and listings of $4 million , other intangibles of $8 million , other assets of $3 million and other liabilities of $1 million . During the year ended December 31, 2014 , the Company acquired three title and settlement operations through its wholly owned subsidiary, TRG, for cash consideration of $6 million . These acquisitions resulted in goodwill of $5 million and pendings and listings of $1 million . None of the 2014 acquisitions were significant to the Company’s results of operations, financial position or cash flows individually or in the aggregate. 2013 ACQUISITIONS During the year ended December 31, 2013 , the Company acquired fifteen real estate brokerage operations through its wholly owned subsidiary, NRT, for cash consideration of $32 million and established $4 million of liabilities related to contingent consideration. These acquisitions resulted in goodwill of $31 million and pendings and listings and other intangibles of $5 million that were assigned to the Company Owned Brokerage Services segment. None of the 2013 acquisitions were significant to the Company’s results of operations, financial position or cash flows individually or in the aggregate.

Note 4. Intangible Assets Intan

Note 4. Intangible Assets Intangible Assets (Notes)	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure	INTANGIBLE ASSETS Goodwill by segment and changes in the carrying amount are as follows: Real Estate Franchise Services Company Owned Brokerage Services Relocation Services Title and Settlement Services Total Company Goodwill balance at January 1, 2013 $ 2,241 $ 630 $ 360 $ 73 $ 3,304 Goodwill acquired — 31 — — 31 Balance at December 31, 2013 2,241 661 360 73 3,335 Goodwill acquired 51 86 — 5 142 Balance at December 31, 2014 2,292 747 360 78 3,477 Goodwill acquired — 94 — 47 141 Balance at December 31, 2015 $ 2,292 $ 841 $ 360 $ 125 $ 3,618 Goodwill and accumulated impairment summary Gross goodwill $ 3,315 $ 999 $ 641 $ 449 $ 5,404 Accumulated impairment losses (a) (1,023 ) (158 ) (281 ) (324 ) (1,786 ) Balance at December 31, 2015 $ 2,292 $ 841 $ 360 $ 125 $ 3,618 _______________ (a) During the fourth quarter of 2008, the Company recorded an impairment charge of $1,557 million , which reduced intangible assets by $278 million and reduced goodwill by $1,279 million . During the fourth quarter of 2007, the Company recorded an impairment charge of $637 million , which reduced intangible assets by $130 million and reduced goodwill by $507 million . During the fourth quarter of 2015 , 2014 and 2013 , the Company performed its annual impairment analysis of goodwill and unamortized intangible assets. These analyses resulted in no impairment charges. Intangible assets are as follows: As of December 31, 2015 As of December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable—Franchise agreements (a) $ 2,019 $ 591 $ 1,428 $ 2,019 $ 524 $ 1,495 Unamortizable—Trademarks (b) $ 745 $ 745 $ 736 $ 736 Other Intangibles Amortizable—License agreements (c) $ 45 $ 8 $ 37 $ 45 $ 7 $ 38 Amortizable—Customer relationships (d) 530 284 246 530 256 274 Unamortizable—Title plant shares (e) 11 11 10 10 Amortizable—Pendings and listings (f) 3 1 2 2 2 — Amortizable—Other (g) 31 11 20 25 6 19 Total Other Intangibles $ 620 $ 304 $ 316 $ 612 $ 271 $ 341 _______________ (a) Generally amortized over a period of 30 years. (b) Primarily relates to the Century 21 ® , Coldwell Banker ® , ERA ® , Corcoran ® , Coldwell Banker Commercial ® and Cartus tradenames, 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 at the Relocation Services segment, the Title and Settlement Services segment and the Real Estate Franchise Services segment. These relationships are being amortized over a period of 2 to 20 years. (e) Primarily relates to the Texas American Title Company title plant shares. 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) Generally amortized over a period of 5 months . (g) Consists of covenants not to compete which are amortized over their contract lives and other intangibles which are generally amortized over periods ranging from 5 to 10 years. Intangible asset amortization expense is as follows: For the Year Ended December 31, 2015 2014 2013 Franchise agreements $ 67 $ 67 $ 67 License agreements 1 1 1 Customer relationships 28 37 37 Pendings and listings 16 8 3 Other 5 3 1 Total $ 117 $ 116 $ 109 Based on the Company’s amortizable intangible assets as of December 31, 2015 , the Company expects related amortization expense to be approximately $102 million , $95 million , $94 million , $93 million , $91 million and $1,258 million in 2016 , 2017 , 2018 , 2019 , 2020 and thereafter, respectively.

Note 5. Franchising and Marketi

Note 5. Franchising and Marketing Activities Franchising and Marketing Activities (Notes)	12 Months Ended
	Dec. 31, 2015
Franchising and Marketing Activities [Abstract]
Franchisors [Text Block]	FRANCHISING AND MARKETING ACTIVITIES Franchise fee revenue includes domestic initial franchise fees and international area development fees of $8 million , $9 million , and $12 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. In addition, franchise fee revenue is net of annual volume incentives provided to real estate franchisees of $51 million , $50 million and $48 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. The Company’s real estate franchisees may receive volume incentives on their royalty payments. Such annual incentives are based upon the amount of the franchisees commission income earned and paid to the Company during the calendar year. Each brand has several different annual incentive schedules currently in effect. The Company’s wholly owned real estate brokerage services segment, NRT, pays royalties to the Company’s franchise business; however, such amounts are eliminated in consolidation. NRT paid royalties to the Real Estate Franchise Services segment of $284 million , $269 million and $265 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. Marketing fees are generally paid by the Company’s real estate franchisees and are generally calculated based on a specified percentage of gross closed commissions earned on the sale of real estate, and may be subject to certain minimum and maximum payments. Such fees are recorded within other revenues on the accompanying Consolidated Statements of Operations. As provided for in the franchise agreements and generally at the Company’s discretion, all of these fees are to be expended for marketing purposes. The number of franchised and company owned outlets in operation are as follows: (Unaudited) As of December 31, 2015 2014 2013 Franchised: Century 21 ® 6,897 6,902 7,109 ERA ® 2,355 2,304 2,314 Coldwell Banker ® 2,258 2,396 2,489 Coldwell Banker Commercial ® 163 167 195 Sotheby’s International Realty ® 794 717 666 Better Homes and Gardens ® Real Estate 304 283 259 12,771 12,769 13,032 Company Owned: ERA ® — — 11 Coldwell Banker ® 708 651 631 Sotheby’s International Realty ® 41 39 32 Corcoran ® /Other 38 37 32 787 727 706 The number of franchised and company owned outlets (in the aggregate) changed as follows: (Unaudited) For the Year Ended December 31, 2015 2014 2013 Franchised: Beginning balance 12,769 13,032 12,880 Additions 445 311 478 Terminations (443 ) (574 ) (326 ) Ending balance 12,771 12,769 13,032 Company Owned: Beginning balance 727 706 712 Additions 74 38 15 Closures (14 ) (17 ) (21 ) Ending balance 787 727 706 As of December 31, 2015 , there were an insignificant number of franchise agreements that were executed for which offices are not yet operating. Additionally, as of December 31, 2015 , there were an insignificant number of franchise agreements pending termination. In connection with ongoing fees the Company receives from its franchisees pursuant to the franchise agreements, the Company is required to provide certain services, such as training and marketing. In order to assist franchisees in converting to one of the Company’s brands, expand their operations or as an incentive to renew their franchise agreement, the Company may at its discretion, provide non-standard incentives, primarily in the form of conversion notes (prior to 2009, the Company issued development advance notes). Provided the franchisee meets certain minimum annual revenue thresholds during the term of the notes and is in compliance with the terms of the franchise agreement, the amount of the note is forgiven annually in equal ratable amounts over the life of the franchise agreement. Otherwise, related principal is due and payable to the Company. The amount of such franchisee conversion notes and development advance notes were $115 million , net of $1 million of reserves, and $97 million , net of $1 million of reserves, at December 31, 2015 and 2014 , respectively. These notes are principally classified within other non-current assets in the Company’s Consolidated Balance Sheets. The Company recorded a charge in the statement of operations related to the forgiveness and impairment of these notes of $17 million , $15 million and $11 million for the years ended December 31, 2015 , 2014 and 2013 , respectively.

Note 6. Property and Equipment,

Note 6. Property and Equipment, Net Property and Equipment, Net (Notes)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	6. PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of: December 31, 2015 2014 Furniture, fixtures and equipment $ 242 $ 224 Capitalized software 310 288 Building and leasehold improvements 213 183 Land 3 3 Gross property and equipment 768 698 Less: accumulated depreciation (514 ) (465 ) Property and equipment, net $ 254 $ 233 The Company recorded depreciation expense related to property and equipment of $84 million , $74 million and $67 million for the years ended December 31, 2015 , 2014 and 2013 , respectively.

Note 7. Accrued Expenses And Ot

Note 7. Accrued Expenses And Other Current Liabilities Accrued Expenses And Other Current Liabilities (Notes)	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Accrued Expenses And Other Current Liabilities	7. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consisted of: December 31, 2015 2014 Accrued payroll and related employee costs $ 140 $ 120 Accrued volume incentives 34 32 Accrued commissions 29 21 Restructuring accruals 9 3 Deferred income 73 73 Accrued interest 13 44 Contingent consideration for acquisitions 27 10 Other 123 108 Accrued expenses and other current liabilities $ 448 $ 411

Note 8. Short And Long-Term Deb

Note 8. Short And Long-Term Debt Short and Long-Term Debt (Notes)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Short And Long-Term Debt	SHORT AND LONG-TERM DEBT Total indebtedness is as follows: December 31, 2015 2014 Senior Secured Credit Facility: Revolving Credit Facility $ 200 $ — Term Loan B Facility 1,839 1,853 Term Loan A Facility 433 — 7.625% First Lien Notes — 586 9.00% First and a Half Lien Notes — 194 3.375% Senior Notes 499 497 4.50% Senior Notes 434 429 5.25% Senior Notes 297 296 Total Short-Term & Long-Term Debt $ 3,702 $ 3,855 Securitization Obligations: Apple Ridge Funding LLC $ 238 $ 255 Cartus Financing Limited 9 14 Total Securitization Obligations $ 247 $ 269 Indebtedness Table As of December 31, 2015 , the Company’s borrowing arrangements were as follows: Interest Rate Expiration Date Principal Unamortized Discount and Debt Issuance Costs Net Senior Secured Credit Facility: Revolving Credit Facility (1) (2) October 2020 $ 200 * $ 200 Term Loan B Facility (3) March 2020 1,867 28 1,839 Term Loan A Facility (4) October 2020 435 2 433 Senior Notes 3.375% May 2016 500 1 499 Senior Notes 4.50% April 2019 450 16 434 Senior Notes 5.25% December 2021 300 3 297 Securitization obligations: (5) Apple Ridge Funding LLC (6) June 2016 238 * 238 Cartus Financing Limited (7) August 2016 9 * 9 Total (8) $ 3,999 $ 50 $ 3,949 _______________ * The debt issuance costs related to our Revolving Credit Facility and Securitization Obligations remain classified as a deferred asset within other assets. (1) As of December 31, 2015 , the Company had $815 million of borrowing capacity under its Revolving Credit Facility leaving $615 million of available capacity. On February 19, 2016 , the Company had $200 million outstanding borrowings on the Revolving Credit Facility and no outstanding letters of credit on such facility, leaving $615 million of available capacity. (2) Interest rates with respect to revolving loans under the Term Loan A Facility at December 31, 2015 were based on, at the Company’s option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% . (3) The Term Loan B Facility provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to the Term Loan B Facility is based on, at the Company’s option, (a) adjusted LIBOR plus 3.00% (with a LIBOR floor of 0.75% ) or (b) JPMorgan Chase Bank, N.A.’s prime rate (" ABR ") plus 2.00% (with an ABR floor of 1.75% ). (4) The Term Loan A Facility provides for quarterly amortization payments, commencing March 31, 2016, totaling per annum 5% , 5% , 7.5% , 10.0% and 12.5% of the original principal amount of the Term Loan A Facility in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the new Term Loan A Facility are based on, at the Company's option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% . (5) Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations. (6) As of December 31, 2015 , the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $87 million of available capacity. (7) Consists of a £20 million revolving loan facility and a £5 million working capital facility. As of December 31, 2015 , the Company had $38 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $29 million of available capacity. (8) Not included in this table, the Company had $134 million of outstanding letters of credit at December 31, 2015 , of which $53 million was under the synthetic letter of credit facility with a rate of 4.25% and $81 million was under the unsecured letter of credit facility with a rate of 2.98% . Maturities Table As of December 31, 2015 , the combined aggregate amount of maturities for long-term borrowings, excluding revolver borrowings and securitization obligations, for each of the next five years is as follows: Year Amount 2016 $ 541 2017 41 2018 52 2019 513 2020 2,105 Senior Secured Credit Facility On October 23, 2015, Realogy Group entered into a second amendment to the senior secured credit agreement (the “Amended and Restated Credit Agreement”). The second amendment provides for a five -year, $815 million revolving credit facility that replaces the $475 million revolving credit facility under the senior secured credit agreement and includes a $125 million letter of credit sub-facility. The Term Loan B facility and the synthetic letter of credit facility under the Amended and Restated Credit Agreement were not affected by the second amendment. The Amended and Restated Credit Agreement provides for: (a) a Term Loan B Facility initially issued in the aggregate principal amount of $1,905 million with a maturity date of March 5, 2020. The Term Loan B Facility has quarterly amortization payments totaling 1% per annum of the initial aggregate principal amount. The interest rate with respect to the Term Loan B Facility is based on, at Realogy Group's option, adjusted LIBOR plus 3.00% (with a LIBOR floor of 0.75% ) or ABR plus 2.00% (with an ABR floor of 1.75% ); and (b) an $815 million Revolving Credit Facility with a maturity date of October 23, 2020, which includes (i) a $125 million letter of credit subfacility and (ii) a swingline loan subfacility. The interest rate with respect to revolving loans under the Revolving Credit Facility is based on, at Realogy Group's option, adjusted LIBOR or ABR plus an additional margin subject to the following adjustments based on the Company’s then current senior secured leverage ratio: Senior Secured Leverage Ratio Applicable LIBOR Margin Applicable ABR Margin Greater than 3.50 to 1.00 2.50% 1.50% Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 2.25% 1.25% Less than 2.50 to 1.00 2.00% 1.00% The Amended and Restated Credit Agreement also provides for a synthetic letter of credit facility which matures on October 10, 2016. The synthetic letter of credit facility may be utilized for general corporate purposes, including the support of Realogy Group’s obligations with respect to Cendant contingent and other liabilities assumed under the Separation and Distribution Agreement. The capacity of the synthetic letter of credit facility is reduced by 1% per annum. As of December 31, 2015 , the capacity under the synthetic letter of credit facility was $54 million and the facility was being utilized for a $53 million letter of credit with Cendant for potential contingent obligations. The Amended and Restated Credit Agreement permits the Company to obtain up to $500 million of additional credit facilities from lenders reasonably satisfactory to the administrative agent and us, without the consent of the existing lenders under the new senior secured credit facility, plus an unlimited amount if Realogy Group's senior secured leverage ratio is less than 3.50 to 1.00 on a pro forma basis. Subject to certain restrictions, the Amended and Restated Credit Agreement also permits us to issue senior secured or unsecured notes in lieu of any incremental facility. The obligations under the Amended and Restated Credit Agreement are secured to the extent legally permissible by substantially all of the assets of Realogy Group, Realogy Intermediate and all of their domestic subsidiaries, other than certain excluded subsidiaries. Realogy Group’s Amended and Restated Credit Agreement contains financial, affirmative and negative covenants and requires Realogy Group to maintain a senior secured leverage ratio, not to exceed 4.75 to 1.00 , and pursuant to the second amendment discussed above, the leverage ratio is tested quarterly, commencing with the period ended September 30, 2015, regardless of the amount of borrowings outstanding and letters of credit issued under the revolver at the testing date. In this report, the Company refers to the term "Adjusted EBITDA" to mean EBITDA as so defined for purposes of determining compliance with the senior secured leverage covenant. The senior secured leverage ratio measured at any applicable quarter end is Realogy Group's total senior secured net debt divided by the trailing twelve month adjusted EBITDA. Total senior secured net debt does not include the unsecured indebtedness, including the Unsecured Notes as well as the securitization obligations. At December 31, 2015 , Realogy Group’s senior secured leverage ratio was 2.58 to 1.00 . Term Loan A Facility On October 23, 2015, Realogy Group entered into the Term Loan A senior secured credit agreement. The Term Loan A Agreement provides for a five -year, $435 million aggregate principal facility issued at par with a maturity date of October 23, 2020 (the “Term Loan A Facility”) and has terms substantially similar to the Amended and Restated Credit Agreement. The Term Loan A Facility provides for quarterly amortization payments, commencing March 31, 2016, totaling the amount per annum equal to the following percentages of the original principal amount of the Term Loan A Facility: 5% , 5% , 7.5% , 10.0% and 12.5% for amortizations payable in 2016, 2017, 2018, 2019 and 2020, with the balance payable upon the final maturity date. The interest rates with respect to term loans under the Term Loan A Facility are based on, at our option, adjusted LIBOR or ABR plus an additional margin subject to the following adjustments based on the Company’s then current senior secured leverage ratio: Senior Secured Leverage Ratio Applicable LIBOR Margin Applicable ABR Margin Greater than 3.50 to 1.00 2.50% 1.50% Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 2.25% 1.25% Less than 2.50 to 1.00 2.00% 1.00% Consistent with the Amended and Restated Credit Agreement, the Term Loan A Facility permits the Company to obtain up to $500 million of additional credit facilities from lenders reasonably satisfactory to the administrative agent and the company, without the consent of the existing lenders under the Term Loan A Facility, plus an unlimited amount if the Company's senior secured leverage ratio is less than 3.50 to 1.00 on a pro forma basis. Subject to certain restrictions, the Term Loan A Facility also permits us to issue senior secured or unsecured notes in lieu of any incremental facility. First Lien Notes The First Lien Notes were senior secured obligations of Realogy Group and bore interest at a rate of 7.625% per annum. On October 23, 2015, Realogy Group issued a notice of redemption for all $593 million outstanding aggregate principal amount of the First Lien Notes and discharged its obligations under the related indenture. In connection with the redemption of the First Lien Notes and related discharge of the indenture, Realogy Group deposited a total of $638 million with the trustee, which included the applicable redemption premium and accrued and unpaid interest on the First Lien Notes. The payment of the redemption price was funded with the net proceeds from the new Term Loan A Facility described above and revolver borrowings. First and a Half Lien Notes The First and a Half Lien Notes were senior secured obligations of Realogy Group and bore interest at a rate of 9.00% per annum. On November 30, 2015, the Company redeemed the $196 million aggregate principal amount of outstanding 9.00% Senior Secured Notes due 2020 at a redemption price of 105.490% . In connection with the redemption of the 9.00% Senior Secured Notes, Realogy Group paid total consideration of approximately $213 million , which included the applicable redemption premium and accrued and unpaid interest. Immediately following such redemption, Realogy Group cancelled the 9.00% Senior Secured Notes and discharged the 9.00% Senior Secured Notes Indenture in accordance with its terms. The 9.00% Senior Secured Notes were redeemed using cash on hand and borrowings under Realogy Group's revolving credit facility. Unsecured Notes The 3.375% Senior Notes, 4.50% Senior Notes and 5.25% Senior Notes (collectively the "Unsecured Notes") are unsecured senior obligations of Realogy Group that mature on May 1, 2016, April 15, 2019 and December 1, 2021, respectively. Interest on the Unsecured Notes is payable each year semiannually on May 1 and November 1 for the 3.375% Senior Notes, April 15 and October 15 for the 4.50% Senior Notes and June 1 and December 1 for the 5.25% Senior Notes. The Unsecured Notes are guaranteed on an unsecured senior basis by each domestic subsidiary of Realogy Group that is a guarantor under the Senior Secured Credit Facility and Realogy Group's outstanding debt securities, and are guaranteed by Realogy Holdings on an unsecured senior subordinated basis. Other Debt Facilities The Company has an Unsecured Letter of Credit Facility to provide for the issuance of letters of credit required for general corporate purposes by the Company. In August 2015, the Company increased the capacity of the facility by $7 million from $81 million as of December 31, 2014 to $88 million . $81 million of capacity expires in June 2017 and the remaining $7 million of capacity expires in September 2018. The fixed pricing to the Company is based on a spread above the credit default swap rate for senior unsecured debt obligations of the Company over the applicable letter of credit period. Realogy Group's obligations under the Unsecured Letter of Credit Facility are guaranteed on an unsecured senior basis by each domestic subsidiary of Realogy Group that is a guarantor under the Senior Secured Credit Facility and Realogy Group's outstanding debt securities. As of December 31, 2015 , $81 million of the Facility is being utilized. Securitization Obligations Realogy Group has secured obligations through Apple Ridge Funding LLC under a securitization program. In June 2015, Realogy Group extended the program until June 2016 and temporarily increased the capacity under the facility from $325 million to $375 million from June 2015 until October 2015, at which time the capacity was reduced to $325 million . At December 31, 2015 , Realogy Group has $238 million of outstanding borrowings under the facility. Realogy Group, through a special purpose entity known as Cartus Financing Limited, has agreements providing for a £20 million revolving loan facility and a £5 million working capital facility, both of which expire in August 2016. There are $9 million of outstanding borrowings on the facilities at December 31, 2015 . These Cartus Financing Limited facilities are secured by the relocation assets of a U.K. government contract in this special purpose entity and are therefore classified as permitted securitization financings as defined in Realogy Group’s Senior Secured Credit Facility and the indentures governing the Unsecured Notes and the First and a Half Lien Notes. The Apple Ridge entities and the Cartus Financing Limited entity are consolidated special purpose entities that are utilized to securitize relocation receivables and related assets. These assets are generated from advancing funds on behalf of clients of Realogy Group’s relocation business in order to facilitate the relocation of their employees. Assets of these special purpose entities are not available to pay Realogy Group’s general obligations. Under the Apple Ridge program, provided no termination or amortization event has occurred, any new receivables generated under the designated relocation management agreements are sold into the securitization program and as new eligible relocation management agreements are entered into, the new agreements are designated to the program. The Apple Ridge program has restrictive covenants and trigger events, including performance triggers linked to the age and quality of the underlying assets, foreign obligor limits, multicurrency limits, financial reporting requirements, restrictions on mergers and change of control, any uncured breach of Realogy Group’s senior secured leverage ratio under Realogy Group’s Senior Secured Credit Facility, and cross-defaults to Realogy Group’s material indebtedness. The occurrence of a trigger event under the Apple Ridge securitization facility could restrict our ability to access new or existing funding under this facility or result in termination of the facility, either of which would adversely affect the operation of our relocation business. Certain of the funds that Realogy Group receives from relocation receivables and related assets must be utilized to repay securitization obligations. These obligations were collateralized by $281 million and $286 million of underlying relocation receivables and other related relocation assets at December 31, 2015 and 2014 , respectively. Substantially all relocation related assets are realized in less than twelve months from the transaction date. Accordingly, all of Realogy Group’s securitization obligations are classified as current in the accompanying Consolidated Balance Sheets. Interest incurred in connection with borrowings under these facilities amounted to $6 million for both years ended December 31, 2015 and December 31, 2014 . This interest is recorded within net revenues in the accompanying Consolidated Statements of Operations as related borrowings are utilized to fund Realogy Group's relocation business where interest is generally earned on such assets. These securitization obligations represent floating rate debt for which the average weighted interest rate was 2.1% and 2.3% for the year ended December 31, 2015 and 2014 , respectively. Loss on the Early Extinguishment of Debt and Write-Off of Deferred Financing Costs As a result of refinancing transactions, note repurchases and note redemptions, the Company recorded a loss on the early extinguishment of debt of $48 million during the year ended December 31, 2015 . As a result of refinancing transactions, note repurchases and note redemptions, the Company recorded a loss on the early extinguishment of debt of $47 million and wrote off deferred financing costs of $3 million to interest expense during the year ended December 31, 2014. As a result of the repayment and refinancing transactions, note redemptions and note repurchases, the Company recorded a loss on the early extinguishment of debt of $68 million and wrote off deferred financing costs of $2 million to interest expense during the year ended December 31, 2013.

Note 9. Employee Benefit Plans

Note 9. Employee Benefit Plans Employee Benefit Plans (Notes)	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS DEFINED BENEFIT PENSION PLAN The Company’s defined benefit pension plan was closed to new entrants as of July 1, 1997 and existing participants do not accrue any additional benefits. The net periodic pension cost for 2015 was less than $1 million and is comprised of interest cost of approximately $6 million and the amortization of the actuarial net loss of $2 million offset by a benefit of $8 million for the expected return on assets. The net periodic pension benefit for 2014 was $1 million and is comprised of interest cost of approximately $6 million and the amortization of the actuarial net loss of $1 million offset by a benefit of $8 million for the expected return on assets. At December 31, 2015 and 2014 , the accumulated benefit obligation of this plan was $149 million and $164 million , respectively, and the fair value of the plan assets were $106 million and $114 million , respectively, resulting in an unfunded accumulated benefit obligation of $43 million and $50 million , respectively, which is recorded in Other non-current liabilities in the Consolidated Balance Sheets. Estimated future benefit payments as of December 31, 2015 are as follows: Year Amount 2016 $ 9 2017 9 2018 9 2019 10 2020 10 2021 through 2025 49 The minimum funding required during 2016 is estimated to be $3 million . The following table presents the fair values of plan assets by category as of December 31, 2015 : Asset Category Quoted Price in Active Market for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Total Cash and cash equivalents $ 2 $ — $ — $ 2 Equity securities — 74 — 74 Fixed income securities — 30 — 30 Total $ 2 $ 104 $ — $ 106 The following table presents the fair values of plan assets by category as of December 31, 2014 : Asset Category Quoted Price in Active Market for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Total Cash and cash equivalents $ 1 $ — $ — $ 1 Equity securities — 71 — 71 Fixed income securities — 42 — 42 Total $ 1 $ 113 $ — $ 114 OTHER EMPLOYEE BENEFIT PLANS The Company also maintains post-retirement health and welfare plans for certain subsidiaries and a non-qualified pension plan for certain individuals. At December 31, 2015 and 2014 , the related projected benefit obligation for these plans accrued on the Company’s Consolidated Balance Sheets (primarily within other non-current liabilities) was $7 million and $8 million , respectively. DEFINED CONTRIBUTION SAVINGS PLAN The Company sponsors a defined contribution savings plan that provides certain of its eligible employees an opportunity to accumulate funds for retirement and has a Company match for a portion of the contributions made by participating employees. The Company’s cost for contributions to this plan was $14 million , $12 million and $10 million for the years ended December 31, 2015 , 2014 and 2013 , respectively.

Note 10. Income Taxes Income Ta

Note 10. Income Taxes Income Taxes (Notes)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES The components of pretax income for domestic and foreign operations consisted of the following: Year Ended December 31, 2015 2014 2013 Domestic $ 290 $ 230 $ 192 Foreign 8 4 9 Pretax income $ 298 $ 234 $ 201 The components of income tax expense (benefit) consisted of the following: Year Ended December 31, 2015 2014 2013 Current: Federal $ 8 $ 5 $ 4 State 3 1 — Foreign 3 4 3 Total current 14 10 7 Deferred: Federal 91 76 (241 ) State 4 1 (8 ) Foreign 1 — — Total deferred 96 77 (249 ) Income tax expense (benefit) $ 110 $ 87 $ (242 ) A reconciliation of the Company’s effective income tax rate at the U.S. federal statutory rate of 35% to the actual expense (benefit) was as follows: Year Ended December 31, 2015 2014 2013 Federal statutory rate 35 % 35 % 35 % State and local income taxes, net of federal tax benefits 2 5 2 Permanent differences 1 2 (1 ) Net change in valuation allowance 1 (3 ) (157 ) Other (2 ) (2 ) 1 37 % 37 % (120 %) The Company’s combined federal, state and foreign effective income tax rate for 2013 is not meaningful since our net definite lived deferred tax assets were fully offset by a valuation allowance until 2013 when we substantially reversed the valuation allowance on our domestic deferred tax assets. Deferred income taxes result from temporary differences between the amount of assets and liabilities recognized for financial reporting and tax purposes. The components of the deferred income tax assets and liabilities, as of December 31, are as follows: 2015 2014 Deferred income tax assets: Net operating loss carryforwards $ 654 $ 810 Tax credit carryforwards 28 17 Accrued liabilities 123 103 Minimum pension obligation 23 24 Provision for doubtful accounts 18 22 Liability for unrecognized tax benefits 6 8 Interest rate swaps 11 6 Other 1 — Total deferred tax assets 864 990 Less: valuation allowance (11 ) (10 ) Total deferred income tax assets after valuation allowance 853 980 Deferred income tax liabilities: Depreciation and amortization 1,105 1,122 Change in tax return accounting methods 9 18 Prepaid expenses 2 2 Undistributed foreign earnings 2 6 Basis difference in investment in joint ventures 1 2 Total deferred tax liabilities 1,119 1,150 Net deferred income tax liabilities $ (266 ) $ (170 ) Deferred tax assets and deferred tax liabilities are netted by tax jurisdiction. The Net deferred income tax liability of $266 million as of December 31, 2015 is included in the accompanying Consolidated Balance Sheets with $267 million in deferred income taxes (non-current liabilities) and $1 million in other non-current assets. The Net deferred income tax liability of $170 million as of December 31, 2014 is included in the accompanying Consolidated Balance Sheets with $171 million in deferred income taxes (non-current liabilities) and $1 million in other non-current assets. As of December 31, 2015 , the Company had gross federal and state net operating loss carryforwards of $1,650 million which is net of losses limited due to the October 2012 ownership change, losses related to excess tax benefits of share-based payments and unrecognized tax benefits. The federal net operating loss carryforwards expire between 2020 and 2033 and the state net operating loss carryforwards expire between 2016 and 2033. The Company accounts for its deferred tax assets and liabilities related to excess tax benefits of share-based payments, based on the with-and-without method. Since October 2012, the Company generated $11 million of excess tax deductions related to share-based compensation which are not reflected in our NOL deferred tax assets. Equity will be increased by $4 million if and when such deferred tax assets are ultimately realized. At December 31, 2013, the Company evaluated all available positive and negative evidence and determined that substantially all of the valuation allowance totaling $341 million associated with all U.S. federal and certain state deferred tax assets should be reversed because the Company believed that it had become more likely than not that the value of those deferred tax assets would be realized. In the Company’s evaluation of the need for and amount of a valuation allowance on its deferred tax assets at December 31, 2013, the Company placed the most weight on all objectively verifiable direct evidence, including its recent and historical operating results and the significant improvement in its debt leverage position. Accounting for Uncertainty in Income Taxes The Company utilizes the FASB guidance for accounting for uncertainty in income taxes, which prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. The Company reflects changes in its liability for unrecognized tax benefits as income tax expense in the Consolidated Statements of Operations. As of December 31, 2015 , the Company’s gross liability for unrecognized tax benefits was $78 million , of which $34 million would affect the Company’s effective tax rate, if recognized. The Company files U.S., state and foreign income tax returns in jurisdictions with varying statutes of limitations. Tax returns for the 2006 through 2015 tax years remain subject to examination by federal and certain state tax authorities. In significant foreign jurisdictions, tax returns for the 2008 through 2015 tax years generally remain subject to examination by their respective tax authorities. The Company believes that it is reasonably possible that the total amount of its unrecognized tax benefits could decrease by $3 million in certain taxing jurisdictions where the statute of limitations is set to expire within the next 12 months . The Company recognizes accrued interest and penalties related to unrecognized tax benefits in interest expense and operating expenses, respectively. The Company recorded a reduction of interest expense of $1 million for the year ended December 31, 2015 , no change to interest expense for the year ended December 31, 2014 and a reduction of interest expense of $2 million for the year ended December 31, 2013 . The rollforward of unrecognized tax benefits are summarized in the table below: Unrecognized tax benefits—January 1, 2013 $ 111 Gross increases—tax positions in prior periods 7 Gross increases—tax positions in current period 3 Settlements (3 ) Reduction due to lapse of statute of limitations (5 ) Unrecognized tax benefits—December 31, 2013 113 Gross increases—tax positions in prior periods 1 Gross decreases—tax positions in prior periods (8 ) Gross increases—tax positions in current period 3 Settlements (1 ) Reduction due to lapse of statute of limitations (2 ) Unrecognized tax benefits—December 31, 2014 106 Gross decreases—tax positions in prior periods (4 ) Gross increases—tax positions in current period 1 Settlements (23 ) Reduction due to lapse of statute of limitations (2 ) Unrecognized tax benefits—December 31, 2015 $ 78 The Company is subject to income taxes in the United States and several foreign jurisdictions. Significant judgment is required in determining the worldwide provision for income taxes and recording related assets and liabilities. In the ordinary course of business, there are many transactions and calculations where the ultimate tax determination is uncertain. The Company is regularly under audit by tax authorities whereby the outcome of the audits is uncertain. The Company believes there is appropriate support for positions taken on its tax returns. The liabilities that have been recorded represent the best estimates of the probable loss on certain positions and are adequate for all open years based on an assessment of many factors including past experience and interpretations of tax law applied to the facts of each matter. However, the outcomes of tax audits are inherently uncertain. Tax Sharing Agreement Under the Tax Sharing Agreement with Cendant, Wyndham Worldwide and Travelport, the Company is generally responsible for 62.5% of payments made to settle claims with respect to tax periods ending on or prior to December 31, 2006 that relate to income taxes imposed on Cendant and certain of its subsidiaries, the operations (or former operations) of which were determined by Cendant not to relate specifically to the respective businesses of Realogy, Wyndham Worldwide, Avis Budget or Travelport. With respect to any remaining residual legacy Cendant tax liabilities, the Company and its former parent believe there is appropriate support for the positions taken on Cendant’s tax returns. However, tax audits and any related litigation, including disputes or litigation on the allocation of tax liabilities between parties under the Tax Sharing Agreement, could result in outcomes for the Company that are different from those reflected in the Company’s historical financial statements.

Note 11. Restructuring Costs Re

Note 11. Restructuring Costs Restructuring Costs (Notes)	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring Costs	RESTRUCTURING COSTS The restructuring charge for the year ended December 31, 2015 was $10 million . The components of the restructuring charges for the years ended December 31, 2015 , 2014 and 2013 were as follows: Years Ended December 31, 2015 2014 2013 Personnel-related costs (1) $ 3 $ — $ — Facility-related costs (2) 3 (1 ) 3 Accelerated depreciation related to asset disposals — — 1 Other restructuring costs (3) 4 — — Total restructuring charges $ 10 $ (1 ) $ 4 _______________ (1) Personnel-related costs consist of severance costs provided to employees who have been terminated and duplicate payroll costs during transition. (2) Facility-related costs consist of costs associated with planned facility closures such as contract termination costs, lease payments that will continue to be incurred under the contract for its remaining term without economic benefit to the Company and other facility and employee relocation related costs. (3) Other restructuring costs consist of costs related to professional fees, consulting fees and other costs associated with restructuring activities. 2015-2016 Business Optimization Initiative During the fourth quarter of 2015, the Company implemented a business optimization initiative that focuses on maximizing the efficiency and effectiveness of the cost structure of each of the Company's business units. The action is designed to improve client service levels across each of the business units while enhancing the Company's profitability and incremental margins. The plan focuses on several key areas of opportunity which include process improvement efficiencies, office footprint optimization, leveraging technology and media spend, centralized procurement and organizational design. Activities undertaken in connection with the restructuring plan are expected to be substantially completed by the end of 2016. The following is a reconciliation of the beginning and ending restructuring reserve balances for the 2015-2016 Business Optimization Initiative: Personnel-related costs Facility-related costs Accelerated depreciation related to asset disposals Other restructuring costs Total Balance at October 1, 2015 $ — $ — $ — $ — $ — Restructuring charges 3 3 — 4 10 Costs paid or otherwise settled — — — (1 ) (1 ) Balance at December 31, 2015 $ 3 $ 3 $ — $ 3 $ 9 The following is a reconciliation of the total amounts expected to be incurred from the 2015-2016 Business Optimization Initiative: Total amount expected to be incurred Amount incurred in 2015 Total amount remaining to be incurred Personnel-related costs $ 17 $ 3 $ 14 Facility-related costs 13 3 10 Accelerated depreciation related to asset disposals 1 — 1 Other restructuring costs 6 4 2 Total $ 37 $ 10 $ 27 The following is a reconciliation of the total amounts expected to be incurred from the 2015-2016 Business Optimization Initiative by reportable segment: Total amount expected to be incurred Amount incurred in 2015 Total amount remaining to be incurred Real Estate Franchise Services $ 2 $ — $ 2 Company Owned Real Estate Brokerage Services 20 5 15 Relocation Services 8 1 7 Title and Settlement Services 1 — 1 Corporate and Other 6 4 2 Total $ 37 $ 10 $ 27 2013 Corporate Headquarters Relocation During the second quarter of 2013, the Company completed the relocation of its corporate headquarters from Parsippany, New Jersey to Madison, New Jersey. As a result of this relocation, the Company recognized a $4 million restructuring charge in 2013 which was primarily comprised of lease payments on the former corporate headquarters through October 2013. For the year ended December 31, 2013, the Company utilized all $4 million of the restructuring accrual.

Note 12. Stock-Based Compensati

Note 12. Stock-Based Compensation Stock-Based Compensation (Notes)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION The Company has stock-based compensation plans available under which incentive equity awards such as non-qualified stock options, rights to purchase shares of common stock, restricted stock, restricted stock units and performance share units ("PSUs") may be issued to employees, consultants or directors of Realogy. Time vested options granted under the plans generally vest ratably over a four -year period and have a ten -year contractual term. Restricted stock, restricted stock units and performance share units granted under the plans generally vest over a three -year period. In February 2014, the Company adopted a retirement provision for equity grants which provides for continued vesting of awards once an employee has attained the age of 65 years , or 55 years of age or older plus at least ten years of tenure with the Company provided they have been employed or provided services to the Company for one year following the date of grant or start of the performance period. Awards granted in 2014 included a mix of PSUs, restricted stock unit awards and options. The 2014 PSUs are incentives that reward grantees based upon the Company's financial performance over a three -year performance period ending December 31, 2016. The 2014 PSUs contain two performance metrics: (1) improvement in the Company's net debt leverage ratio measured as of December 31, 2016, defined as the ratio of the Company's net debt at December 31, 2016 to Adjusted EBITDA (as defined under the senior secured credit facility) for the year ending December 31, 2016, and (2) improvement in the Company's operating margin defined as Adjusted EBITDA divided by net revenues, each for the year ending December 31, 2016. The number of shares that may be issued under the PSU is variable and based upon the extent to which the performance goals are achieved over the performance period (with a range of payout from 0% to 200% of the target award). The shares earned will be distributed in early 2017. Consistent with the 2014 long-term incentive equity awards, the 2015 awards include a mix of PSUs, restricted stock units (performance restricted stock units for the CEO and direct reports) and options. The 2015 PSUs are incentives that reward grantees based upon the Company's financial performance over a three -year performance period ending December 31, 2017. There are two PSU awards: one is based upon the total stockholder return of Realogy's common stock relative to the total stockholder return of the SPDR S&P Homebuilders Index ("XHB") (the "RTSR award"), and the other is based upon the achievement of cumulative free cash flow goals. The number of shares that may be issued under the PSU is variable and based upon the extent to which the performance goals are achieved over the performance period (with a range of payout from 0% to 175% of target for the RTSR award and 0% to 200% of target for the achievement of cumulative free cash flow award). The shares earned will be distributed in early 2018. The restricted stock units vest over three years, with 33.33% vesting on each anniversary of the grant date. Time-vesting of the 2015 performance restricted stock units for the CEO and direct reports is conditioned upon achievement of a minimum EBITDA performance goal for 2015. The stock options have a maximum term of ten years and vest over four years, with 25% vesting on each anniversary date of the grant date. The options have an exercise price equal to the closing sale price of the Company's common stock on the date of grant. The total number of shares authorized for issuance under the plans is 9.6 million shares. As of December 31, 2015 , the total number of shares available for future grants under the plans was 1.4 million shares. The fair value of restricted stock, restricted stock units and performance share units without a market condition is equal to the closing sale price of the Company's common stock on the date of grant. The fair value of the RTSR PSU award was estimated on the date of grant using the Monte Carlo Simulation method utilizing the following assumptions. Expected volatility was based on historical volatilities of the Company and select comparable companies. 2015 RTSR PSU Weighted average grant date fair value $ 41.08 Weighted average expected volatility 25.1 % Weighted average volatility of XHB 21.1 % Weighted average correlation coefficient 0.57 Weighted average risk-free interest rate 1.0 % Weighted average dividend yield — A summary of restricted stock and restricted stock unit activity for the year ended December 31, 2015 is presented below (number of shares in millions): Restricted Stock Weighted Average Grant Date Fair Value Restricted Stock Units Weighted Average Grant Date Fair Value Unvested at January 1, 2015 0.09 $ 27.14 0.74 $ 45.83 Granted — — 0.63 46.40 Vested (a) (0.09 ) 27.14 (0.31 ) 45.13 Forfeited — — (0.04 ) 46.31 Unvested at December 31, 2015 — $ — 1.02 $ 46.36 _______________ (a) The total fair value of restricted stock and restricted stock units which vested during the year ended December 31, 2015 was $2 million and $14 million , respectively. A summary of performance share unit activity for the year ended December 31, 2015 is presented below (number of shares in millions): Performance Share Units (a) Weighted Average Grant Date Fair Value Unvested at January 1, 2015 0.37 $ 46.63 Granted 0.52 43.69 Vested (b) (0.03 ) 43.72 Unvested at December 31, 2015 0.86 $ 44.97 _______________ (a) The PSU amounts in the table are shown at the target amount of the award. (b) The total fair value of PSUs which vested during the year ended December 31, 2015 was approximately $1 million . The fair value of the options was estimated on the date of grant using the Black-Scholes option-pricing model utilizing the following assumptions. Expected volatility was based on historical volatilities of the Company and select comparable companies. The expected term of the options granted represents the period of time that options were expected to be outstanding and is based on the "simplified method" in accordance with accounting guidance. The Company utilizes the simplified method to determine the expected life of options as the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term. The risk-free interest rate was based on the U.S. Treasury yield curve in effect at the time of the grant, which corresponds to the expected term of the options. 2015 Options 2014 Options 2013 Options Weighted average grant date fair value $ 17.66 $ 18.35 $ 19.78 Weighted average expected volatility 36.1 % 41.5 % 43.6 % Weighted average expected term (years) 6.25 6.25 6.25 Weighted average risk-free interest rate 1.6 % 1.4 % 1.7 % Weighted average dividend yield — — — A summary of stock option unit activity for the year ended December 31, 2015 is presented below (number of shares in millions): Options Weighted Average Exercise Price Outstanding at January 1, 2015 3.22 $ 30.02 Granted 0.18 46.45 Exercised (a) (b) (0.21 ) 22.09 Forfeited/Expired (0.04 ) 32.48 Outstanding at December 31, 2015 (c) 3.15 $ 31.42 _______________ (a) The intrinsic value of options exercised during the year ended December 31, 2015 was $5 million . (b) Cash received from options exercised during the year ended December 31, 2015 was $5 million . (c) Options outstanding at December 31, 2015 had an intrinsic value of $31 million and have a weighted average remaining contractual life of 6.6 years. The following table summarizes information regarding exercisable stock options as of December 31, 2015 : Range of Exercise Prices Options Vested (a) Weighted Average Exercise Price Aggregate Intrinsic Value $15.00 to $50.00 1.98 $ 24.93 $ 24.7 $50.00 and above 0.09 $ 140.86 — _______________ (a) Exercisable stock options as of December 31, 2015 have a weighted average remaining contractual life of 7.4 years . Stock-Based Compensation Expense As of December 31, 2015 , based on current performance achievement expectations, there was $40 million of unrecognized compensation cost related to incentive equity awards under the plans which will be recorded in future periods as compensation expense over a remaining weighted average period of approximately 1.2 years . The Company recorded stock-based compensation expense related to the incentive equity awards of $57 million , $41 million and $19 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. Phantom Value Plan On January 5, 2011, the Board of Directors of Realogy Group approved the Realogy Group LLC Phantom Value Plan (the "Phantom Value Plan"), which was intended to provide certain of the Company's executive officers with an incentive (the "Incentive Award") to remain in the service of the Company, increase interest in the success of Realogy and create the opportunity to receive compensation based upon Realogy’s success. On January 5, 2011, the Board of Directors of Realogy Group made initial grants of Incentive Awards in an aggregate amount of $22 million to certain executive officers of the Company. Under the Phantom Value Plan, each participant was eligible to receive a cash payment in the same proportion to his or her Incentive Award as the cash received by RCIV Holdings ("RCIV"), an affiliate of Apollo, upon the sale of shares of common stock bore to $1.338 billion (the face amount of the Realogy Group convertible debt issued to RCIV in January 2011 in exchange for debt it had previously purchased). The sale of shares by RCIV in the second and third quarter of 2013 triggered payments under the Phantom Value Plan. All of the participants elected to receive their payments in shares of common stock and therefore received unrestricted shares of common stock equal to the dollar amount then due, plus restricted shares of such common stock equal to the amount then due multiplied by 0.15 . The restricted shares of common stock vested based on the participants' continued employment, on the first anniversary of issuance. The Company recognized stock compensation expense of $2 million related to the issuance of restricted shares of common stock during the year ended December 31, 2014. The Company recognized stock compensation expense of $42 million related to the issuance of common stock and $5 million related to the issuance of restricted shares of common stock during the year ended December 31, 2013. No further expense will be recorded in connection with the Phantom Value Plan as the shares of restricted stock have fully vested.

Note 13. Separation Adjustments

Note 13. Separation Adjustments, Transactions with Former Parent and Subsidiaries and Related Parties Separation Adjustments, Transactions With Former Parent And Subsidiaries And Related Parties (Notes)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	TRANSACTIONS WITH FORMER PARENT AND SUBSIDIARIES Transfer of Cendant Corporate Liabilities and Issuance of Guarantees to Cendant and Affiliates Realogy Group (then Realogy Corporation) separated from Cendant on July 31, 2006 (the "Separation"), pursuant to a plan by Cendant (now known as Avis Budget Group, Inc.) to separate into four independent companies— one for each of Cendant's business units—real estate services (Realogy), travel distribution services ("Travelport"), hospitality services, including timeshare resorts ("Wyndham Worldwide"), and vehicle rental ("Avis Budget Group"). Realogy Group has certain guarantee commitments with Cendant (pursuant to the assumption of certain liabilities and the obligation to indemnify Cendant, Wyndham Worldwide and Travelport for such liabilities). These guarantee arrangements primarily relate to certain contingent litigation liabilities, contingent tax liabilities, and other corporate liabilities, of which Realogy Group assumed and is generally responsible for 62.5% . Upon separation from Cendant, the liabilities assumed by Realogy Group were comprised of certain Cendant corporate liabilities which were recorded on the historical books of Cendant as well as additional liabilities which were established for guarantees issued at the date of Separation related to certain unresolved contingent matters that could arise during the guarantee period. Regarding the guarantees, if any of the companies responsible for all or a portion of such liabilities were to default in its payment of costs or expenses related to any such liability, Realogy Group would be responsible for a portion of the defaulting party or parties’ obligation. To the extent such recorded liabilities are in excess or are not adequate to cover the ultimate payment amounts, such excess or deficiency will be reflected in the results of operations in future periods. The due to former parent balance was $31 million and $51 million at December 31, 2015 and 2014 , respectively. The due to former parent balance was comprised of the Company’s portion of the following: (i) Cendant’s remaining state and foreign contingent tax liabilities, (ii) accrued interest on contingent tax liabilities, (iii) potential liabilities related to Cendant’s terminated or divested businesses, and (iv) potential liabilities related to the residual portion of accruals for Cendant operations.

Note 14. Commitments And Contin

Note 14. Commitments And Contingencies Commitments And Contingencies (Notes)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies

Note 15. Equity (Deficit) Equit

Note 15. Equity (Deficit) Equity (Deficit) (Notes)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	EQUITY Changes in Accumulated Other Comprehensive Loss The components of accumulated other comprehensive losses are as follows: Currency Translation Adjustments (1) Minimum Pension Liability Adjustment Accumulated Other Comprehensive Loss (2) Balance at January 1, 2013 $ 2 $ (33 ) $ (31 ) Other comprehensive income before reclassifications — 19 19 Amounts reclassified from accumulated other comprehensive income — 2 (3) 2 Income tax expense — (9 ) (9 ) Current period change — 12 12 Balance at December 31, 2013 2 (21 ) (19 ) Other comprehensive loss before reclassifications (4 ) (24 ) (28 ) Amounts reclassified from accumulated other comprehensive income — 1 (3) 1 Income tax benefit 2 9 11 Current period change (2 ) (14 ) (16 ) Balance at December 31, 2014 — (35 ) (35 ) Other comprehensive income (loss) before reclassifications (4 ) 1 (3 ) Amounts reclassified from accumulated other comprehensive income — 2 (3) 2 Income tax (expense) benefit 1 (1 ) — Current period change (3 ) 2 (1 ) Balance at December 31, 2015 $ (3 ) $ (33 ) $ (36 ) _______________ (1) Assets and liabilities of foreign subsidiaries having non-U.S. dollar functional currencies are translated at exchange rates at the balance sheet dates and equity accounts are translated at historical spot rates. Revenues and expenses are translated at average exchange rates during the periods presented. The gains or losses resulting from translating foreign currency financial statements into U.S. dollars are included in accumulated other comprehensive income (loss). Gains or losses resulting from foreign currency transactions are included in the Consolidated Statement of Operations. (2) As of December 31, 2015 , the Company does not have any after-tax components of accumulated other comprehensive loss attributable to noncontrolling interests. (3) These reclassifications include the amortization of actuarial loss to periodic pension cost of $2 million , $1 million and $2 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. These amounts were reclassified from accumulated other comprehensive income to the general and administrative expenses line on the statement of operations. Dividend Policy The Company does not currently anticipate paying dividends on common stock. Any declaration and payment of future dividends to holders of the Company's common stock will be at the discretion of the Board of Directors and will depend on many factors, including the Company's financial condition, earnings, cash flows, capital requirements, level of indebtedness, statutory and contractual restrictions applicable to the payment of dividends and other considerations that the Board of Directors deems relevant. Because Realogy Holdings is a holding company and has no direct operations, it will only be able to pay dividends from available cash on hand and any funds it receives from its subsidiaries. The terms of the Company's indebtedness restrict its subsidiaries from paying dividends to Realogy Holdings. The title insurance underwriter is subject to regulations that limit its ability to pay dividends or make loans or advances to the Company, principally to protect policyholders. Under Delaware law, dividends may be payable only out of surplus, which is net assets minus liabilities and capital or, if there is no surplus, out of net profits for the fiscal year in which the dividend is declared and/or the preceding fiscal year. As a result, the Company may not pay dividends according to its policy or at all if, among other things, the Company does not have sufficient cash to pay the intended dividends, if the Company's financial performance does not achieve expected results or the terms of our indebtedness prohibit it. Realogy Group Statements of Equity for the years ended December 31, 2015 , December 31, 2014 and December 31, 2013 Total equity for Realogy Group equals that of Realogy Holdings, but the components, common stock and additional paid-in capital are different. The table below presents information regarding the balances and changes in common stock and additional paid-in capital of Realogy Group for each of the three years ended December 31, 2015 , December 31, 2014 and December 31, 2013 . Realogy Group Stockholder’s Equity Common Stock Additional Paid-In Capital Accumulated Deficit Accumulated Other Comprehensive Loss Non- controlling Interests Total Equity Shares Amount Balance at January 1, 2013 — $ — $ 5,592 $ (4,045 ) $ (31 ) $ 3 $ 1,519 Net income — — — 438 — 5 443 Other comprehensive income — — — — 12 — 12 Contributions from Realogy Holdings — — 5 — — — 5 Stock-based compensation — — 39 — — — 39 Dividends — — — — — (5 ) (5 ) Balance at December 31, 2013 — $ — $ 5,636 $ (3,607 ) $ (19 ) $ 3 $ 2,013 Net income — — — 143 — 4 147 Other comprehensive income — — — — (16 ) — (16 ) Contributions from Realogy Holdings — — 6 — — — 6 Stock-based compensation — — 36 — — — 36 Dividends — — — — — (4 ) (4 ) Capital contributions from noncontrolling interests — — — — — 1 1 Balance at December 31, 2014 — $ — $ 5,678 $ (3,464 ) $ (35 ) $ 4 $ 2,183 Net income — — — 184 — 4 188 Other comprehensive income — — — — (1 ) — (1 ) Contributions from Realogy Holdings — — 5 — — — 5 Stock-based compensation — — 51 — — — 51 Dividends — — — — — (4 ) (4 ) Balance at December 31, 2015 — $ — $ 5,734 $ (3,280 ) $ (36 ) $ 4 $ 2,422

Earnings (Loss) Per Share (Note

Earnings (Loss) Per Share (Notes)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	EARNINGS PER SHARE Earnings per share attributable to Realogy Holdings Basic earnings per share is computed based on net income attributable to Realogy Holdings stockholders divided by the basic weighted-average shares outstanding during the period. Dilutive earnings per share is computed consistently with the basic computation while giving effect to all dilutive potential common shares and common share equivalents that were outstanding during the period. Realogy Holdings uses the treasury stock method to reflect the potential dilutive effect of unvested stock awards and unexercised options. The following table sets forth the computation of basic and diluted earnings per share: Year Ended December 31, (in millions, except shares and per share data) 2015 2014 2013 Net income attributable to Realogy Holdings shareholders $ 184 $ 143 $ 438 Basic weighted average shares 146.5 146.0 145.4 Stock options, restricted stock, restricted stock units and performance share units (a) 1.6 1.2 1.2 Weighted average diluted shares 148.1 147.2 146.6 Earnings Per Share: Basic $ 1.26 $ 0.98 $ 3.01 Diluted $ 1.24 $ 0.97 $ 2.99 _______________ (a) Excludes 3.5 million , 3.3 million and 2.8 million shares of common stock issuable for incentive equity awards for the years ended December 31, 2015 , 2014 and 2013, respectively, which includes performance share units based on the achievement of target amounts that are anti-dilutive to the diluted earnings per share computation.

Risk Management and Fair Value

Risk Management and Fair Value of Financial Instruments (Notes)	12 Months Ended
	Dec. 31, 2015
Risk Management and Fair Value of Financial Instruments [Abstract]
Risk Management and Fair Value of Financial Instruments	RISK MANAGEMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS RISK MANAGEMENT The following is a description of the Company’s risk management policies. Interest Rate Risk The Company is exposed to market risk from changes in interest rates primarily through senior secured debt. At December 31, 2015 , the Company's primary interest rate exposure was to interest rate fluctuations, specifically LIBOR, due to its impact on variable rate borrowings under the revolving and term loan facilities under the Senior Secured Credit Agreement and Term Loan A Facility. Given that borrowings under the Senior Secured Credit Agreement and Term Loan A Facility are generally based upon LIBOR, this rate will be the Company's primary market risk exposure for the foreseeable future. At December 31, 2015 , the Company had variable interest rate long-term debt, which was based on LIBOR from the outstanding term loans and revolver of $2,502 million , excluding $247 million of securitization obligations. The Company has interest rate swaps with an aggregate notional value of $1,475 million to manage a portion of the Company's exposure to changes in interest rate associated with variable rate borrowings. The fixed interest rates on the swaps range from 2.07% to 2.89% . Although we have entered into these interest rate swaps, involving the exchange of floating for fixed rate interest payments, such interest rate swaps do not eliminate interest rate volatility for all of our variable rate indebtedness at December 31, 2015 . In addition, the fair value of the interest rate swaps is also subject to movements in LIBOR and will fluctuate in future periods. The Company has recognized a liability of $47 million for the fair value of the interest rate swaps at December 31, 2015 . Therefore, an increase in the LIBOR yield curve could increase the fair value of the interest rate swaps and decrease interest expense. In the normal course of business, the Company borrows funds under its securitization facilities and utilizes such funds to generate assets on which it generally earns interest income. The Company does not believe it is exposed to significant interest rate risk in connection with these activities as the rate it incurs on such borrowings and the rate it earns on such assets are generally based on similar variable indices, thereby providing a natural hedge. Credit Risk and Exposure The Company is exposed to counterparty credit risk in the event of nonperformance by counterparties to various agreements and sales transactions. The Company manages such risk by evaluating the financial position and creditworthiness of such counterparties and by requiring collateral in instances in which financing is provided. The Company mitigates counterparty credit risk associated with its derivative contracts by monitoring the amounts at risk with each counterparty to such contracts, periodically evaluating counterparty creditworthiness and financial position, and where possible, dispersing its risk among multiple counterparties. As of December 31, 2015 , there were no significant concentrations of credit risk with any individual counterparty or a group of counterparties. The Company actively monitors the credit risk associated with the Company’s receivables. Market Risk Exposure The Company Owned Real Estate Brokerage Services segment, NRT, owns real estate brokerage offices located in and around large metropolitan areas in the U.S. NRT has more offices and realizes more of its revenues in California, Florida and the New York metropolitan area than any other regions of the country. For the year ended December 31, 2015 , NRT generated approximately 27% of its revenues from California, 23% from the New York metropolitan area and 10% from Florida. For the year ended December 31, 2014 , NRT generated approximately 28% of its revenues from California, 24% from the New York metropolitan area and 10% from Florida. For the year ended December 31, 2013 , NRT generated approximately 28% of its revenues from California, 24% from the New York metropolitan area and 10% from Florida. Derivative Instruments The Company uses foreign currency forward contracts largely to manage its exposure to changes in foreign currency exchange rates associated with its foreign currency denominated receivables and payables. The Company primarily manages its foreign currency exposure to the Euro, Swiss Franc, Canadian Dollar and British Pound. The Company has elected not to utilize hedge accounting for these forward contracts; therefore, any change in fair value is recorded in the Consolidated Statements of Operations. However, the fluctuations in the value of these forward contracts generally offset the impact of changes in the value of the underlying risk that they are intended to economically hedge. As of December 31, 2015 , the Company had outstanding foreign currency forward contracts with a fair value of less than $1 million and a notional value of $33 million . As of December 31, 2014 , the Company had outstanding foreign currency forward contracts with a fair value of less than $1 million and a notional value of $27 million . The Company also enters into interest rate swaps to manage its exposure to changes in interest rates associated with its variable rate borrowings. The Company has interest rate swaps with an aggregate notional value of $1,475 million to offset the variability in cash flows resulting from the term loan facilities as follows: Notional Value (in millions) Commencement Date Expiration Date $225 July 2012 February 2018 $200 January 2013 February 2018 $600 August 2015 August 2020 $450 November 2017 November 2022 The swaps help to protect our outstanding variable rate borrowings from future interest rate volatility. The Company has not elected to utilize hedge accounting for these interest rate swaps; therefore, any change in fair value is recorded in the Consolidated Statements of Operations. The fair value of derivative instruments was as follows: Liability Derivatives Fair Value Not Designated as Hedging Instruments Balance Sheet Location December 31, 2015 December 31, 2014 Interest rate swap contracts Other non-current liabilities $ 47 $ 40 The effect of derivative instruments on earnings is as follows: Derivative Instruments Not Designated as Hedging Instruments Location of (Gain) or Loss Recognized for Derivative Instruments (Gain) or Loss Recognized on Derivatives Year Ended December 31, 2015 2014 2013 Interest rate swap contracts Interest expense $ 20 $ 32 $ (4 ) Foreign exchange contracts Operating expense (2 ) (3 ) — Financial Instruments The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level Input: Input Definitions: Level I Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets at the measurement date. Level II Inputs other than quoted prices included in Level I that are observable for the asset or liability through corroboration with market data at the measurement date. Level III Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. The availability of observable inputs can vary from asset to asset and is affected by a wide variety of factors including, for example, the type of asset, whether the asset is new and not yet established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for instruments categorized in Level III. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The fair value of financial instruments is generally determined by reference to quoted market values. In cases where quoted market prices are not available, fair value is based on estimates using present value or other valuation techniques, as appropriate. The fair value of interest rate swaps is determined based upon a discounted cash flow approach. The following table summarizes fair value measurements by level at December 31, 2015 for assets/liabilities measured at fair value on a recurring basis: Level I Level II Level III Total Interest rate swaps (included in other non-current liabilities) $ — $ 47 $ — $ 47 Deferred compensation plan assets (included in other non-current assets) 3 — — 3 The following table summarizes fair value measurements by level at December 31, 2014 for assets/liabilities measured at fair value on a recurring basis: Level I Level II Level III Total Interest rate swaps (included in other non-current liabilities) $ — $ 40 $ — $ 40 Deferred compensation plan assets (included in other non-current assets) 2 — — 2 The following table summarizes the principal amount of the Company’s indebtedness compared to the estimated fair value, primarily determined by quoted market values, at: December 31, 2015 December 31, 2014 Principal Amount Estimated Fair Value (a) Principal Amount Estimated Fair Value (a) Senior Secured Credit Facility: Revolving Credit Facility $ 200 $ 200 $ — $ — Term Loan B Facility 1,867 1,849 1,887 1,834 Term Loan A Facility 435 426 — — 7.625% First Lien Notes — — 593 633 9.00% First and a Half Lien Notes — — 196 215 3.375% Senior Notes 500 500 500 500 4.50% Senior Notes 450 464 450 449 5.25% Senior Notes 300 308 300 291 Securitization obligations 247 247 269 269 _______________ (a) The fair value of the Company's indebtedness is categorized as Level I.

Segment Information (Notes)

Segment Information (Notes)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The reportable segments presented below represent the Company’s operating segments for which separate financial information is available and which is utilized on a regular basis by its chief operating decision maker to assess performance and to allocate resources. In identifying its reportable segments, the Company also considers the nature of services provided by its operating segments. Management evaluates the operating results of each of its reportable segments based upon revenue and EBITDA, which is defined as net income (loss) before depreciation and amortization, interest (income) expense, net (other than Relocation Services interest for relocation receivables and securitization obligations) and income taxes, each of which is presented in the Company’s Consolidated Statements of Operations. The Company’s presentation of EBITDA may not be comparable to similar measures used by other companies. Revenues (a) (b) Year Ended December 31, 2015 2014 2013 Real Estate Franchise Services $ 755 $ 716 $ 690 Company Owned Real Estate Brokerage Services 4,344 4,078 3,990 Relocation Services 415 419 419 Title and Settlement Services 487 398 467 Corporate and Other (c) (295 ) (283 ) (277 ) Total Company $ 5,706 $ 5,328 $ 5,289 _______________ (a) Transactions between segments are eliminated in consolidation. Revenues for the Real Estate Franchise Services segment include intercompany royalties and marketing fees paid by the Company Owned Real Estate Brokerage Services segment of $295 million for the year ended December 31, 2015 , $283 million for the year ended December 31, 2014 and $277 million for the year ended December 31, 2013 . Such amounts are eliminated through the Corporate and Other line. (b) Revenues for the Relocation Services segment include intercompany referral commissions paid by the Company Owned Real Estate Brokerage Services segment of $49 million for the year ended December 31, 2015 , $42 million for the year ended December 31, 2014 and $43 million for the year ended December 31, 2013 . Such amounts are recorded as contra-revenues by the Company Owned Real Estate Brokerage Services segment. There are no other material intersegment transactions. (c) Includes the elimination of transactions between segments. EBITDA (a) Year Ended December 31, 2015 2014 2013 Real Estate Franchise Services $ 495 $ 463 $ 448 Company Owned Real Estate Brokerage Services 199 193 206 Relocation Services 105 102 104 Title and Settlement Services 48 36 50 Corporate and Other (b) (121 ) (107 ) (155 ) Total Company $ 726 $ 687 $ 653 ______________ (a) Includes $48 million related to the loss on the early extinguishment of debt and restructuring charges of $10 million , partially offset by a net benefit of $15 million of former parent legacy items for the year ended December 31, 2015 . Includes $47 million related to the loss on the early extinguishment of debt, $10 million of transaction and integration costs related to the ZipRealty acquisition and $2 million related to the Phantom Value Plan, partially offset by a net benefit of $10 million of former parent legacy items and the reversal of a prior year restructuring reserve of $1 million for the year ended December 31, 2014 . Includes $68 million loss on the early extinguishment of debt, $47 million related to the Phantom Value Plan and $4 million of restructuring costs, partially offset by a net benefit of $4 million of former parent legacy items for the year ended December 31, 2013 . (b) Includes the elimination of transactions between segments. Provided below is a reconciliation of EBITDA to Net income attributable to Realogy Holdings and Realogy Group: Year Ended December 31, 2015 2014 2013 EBITDA $ 726 $ 687 $ 653 Less: Depreciation and amortization 201 190 176 Interest expense, net 231 267 281 Income tax (benefit) expense 110 87 (242 ) Net income attributable to Realogy Holdings and Realogy Group $ 184 $ 143 $ 438 Depreciation and Amortization Year Ended December 31, 2015 2014 2013 Real Estate Franchise Services $ 77 $ 75 $ 75 Company Owned Real Estate Brokerage Services 46 42 35 Relocation Services 33 43 44 Title and Settlement Services 25 15 11 Corporate and Other 20 15 11 Total Company $ 201 $ 190 $ 176 Segment Assets As of December 31 2015 2014 Real Estate Franchise Services $ 4,534 $ 4,574 Company Owned Real Estate Brokerage Services 1,140 1,002 Relocation Services 1,126 1,155 Title and Settlement Services 382 308 Corporate and Other 349 265 Total Company $ 7,531 $ 7,304 Capital Expenditures Year Ended December 31, 2015 2014 2013 Real Estate Franchise Services $ 8 $ 10 $ 6 Company Owned Real Estate Brokerage Services 41 33 29 Relocation Services 14 9 6 Title and Settlement Services 8 8 11 Corporate and Other 13 11 10 Total Company $ 84 $ 71 $ 62 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, 2015 Net revenues $ 5,579 $ 127 $ 5,706 Total assets 7,450 81 7,531 Net property and equipment 252 2 254 On or for the year ended December 31, 2014 Net revenues $ 5,201 $ 127 $ 5,328 Total assets 7,219 85 7,304 Net property and equipment 232 1 233 On or for the year ended December 31, 2013 Net revenues $ 5,167 $ 122 $ 5,289 Total assets 6,998 94 7,092 Net property and equipment 204 1 205

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited) (Notes)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Provided below is selected unaudited quarterly financial data for 2015 and 2014 . 2015 First Second Third Fourth Net revenues Real Estate Franchise Services $ 151 $ 213 $ 214 $ 177 Company Owned Real Estate Brokerage Services 796 1,289 1,267 992 Relocation Services 85 108 124 98 Title and Settlement Services 87 128 147 125 Other (a) (57 ) (87 ) (84 ) (67 ) $ 1,062 $ 1,651 $ 1,668 $ 1,325 Income (loss) before income taxes, equity in earnings and noncontrolling interests (b) Real Estate Franchise Services $ 67 $ 127 $ 133 $ 92 Company Owned Real Estate Brokerage Services (28 ) 75 82 8 Relocation Services (1 ) 22 39 16 Title and Settlement Services (7 ) 16 9 5 Other (89 ) (83 ) (81 ) (120 ) $ (58 ) $ 157 $ 182 $ 1 Net income (loss) attributable to Realogy Holdings and Realogy Group $ (32 ) $ 97 $ 110 $ 9 Income (loss) per share attributable to Realogy Holdings (c) : Basic income (loss) per share $ (0.22 ) $ 0.66 $ 0.75 $ 0.06 Diluted income (loss) per share $ (0.22 ) $ 0.66 $ 0.74 $ 0.06 _______________ (a) Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment. (b) The quarterly results include the following: • a loss on the early extinguishment of debt of $48 million in the fourth quarter; • former parent legacy benefit of $1 million and $14 million in the second and third quarters, respectively; and • restructuring charges of $10 million in the fourth quarter. (c) Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS (see Note 16 "Earnings Per Share" for further information). 2014 First Second Third Fourth Net revenues Real Estate Franchise Services $ 144 $ 196 $ 199 $ 177 Company Owned Real Estate Brokerage Services 750 1,182 1,175 971 Relocation Services 86 107 125 101 Title and Settlement Services 81 108 111 98 Other (a) (54 ) (81 ) (79 ) (69 ) $ 1,007 $ 1,512 $ 1,531 $ 1,278 Income (loss) before income taxes, equity in earnings and noncontrolling interests (b) Real Estate Franchise Services $ 61 $ 117 $ 118 $ 91 Company Owned Real Estate Brokerage Services (28 ) 78 77 15 Relocation Services (3 ) 16 37 13 Title and Settlement Services (8 ) 14 11 6 Other (99 ) (109 ) (76 ) (106 ) $ (77 ) $ 116 $ 167 $ 19 Net income (loss) attributable to Realogy Holdings and Realogy Group $ (46 ) $ 68 $ 100 $ 21 Income (loss) per share attributable to Realogy Holdings (c) : Basic income (loss) per share $ (0.32 ) $ 0.47 $ 0.68 $ 0.14 Diluted income (loss) per share $ (0.32 ) $ 0.46 $ 0.68 $ 0.14 _______________ (a) Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment. (b) The quarterly results include the following: • a loss on the early extinguishment of debt of $10 million in the first quarter, $17 million in the second quarter and $20 million in the fourth quarter; • former parent legacy cost (benefit) of $1 million , $(2) million and $(9) million in the first, third and fourth quarters, respectively; and • reversal of prior year restructuring reserve of $1 million in the third quarter. (c) Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS.

Note 20. Subsequent Events Subs

Note 20. Subsequent Events Subsequent Events (Notes)	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	On February 24, 2016, the Company announced that its Board of Directors authorized a share repurchase program of up to $275 million of the company’s common stock. Repurchases may be made at management's discretion from time to time on the open market or through privately negotiated transactions. The size and timing of these repurchases will depend on price, market and economic conditions, legal and contractual requirements and other factors. The repurchase program has no time limit and may be suspended or discontinued at any time. The Company had approximately 146.7 million shares of common stock outstanding as of December 31, 2015.

Note 2. Summary of Significan28

Note 2. Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	USE OF ESTIMATES In presenting the consolidated financial statements, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ materially from those estimates.
Revenue Recognition, Policy [Policy Text Block]	REVENUE RECOGNITION Real Estate Franchise Services The Company franchises its real estate brokerage franchise systems to real estate brokerage businesses that are independently owned and operated. The Company provides operational and administrative services and systems to franchisees, which include marketing programs, systems and tools that are designed to help the Company's franchisees serve their customers and attract new or retain existing independent sales associates, training and volume purchasing discounts through the Company’s preferred alliance program. Franchise revenue principally consists of royalty and marketing fees from the Company’s franchisees. The royalty received is primarily based on a percentage of the franchisee’s gross commission income. Royalty fees are accrued as the underlying franchisee revenue is earned (upon close of the homesale transaction). Annual volume incentives given to certain franchisees on royalty fees are recorded as a reduction to revenue and are accrued for in relative proportion to the recognition of the underlying gross franchise revenue. Non-standard incentives are recorded as a reduction to revenue ratably over the related performance period or from the date of issuance through the remaining life of the related franchise agreement. Franchise revenue also includes initial franchise fees and initial area development fees, which are generally non-refundable and recognized by the Company as revenue when all material services or conditions relating to the sale have been substantially performed. The Company also earns marketing fees from its franchisees and utilizes such fees to fund marketing campaigns on behalf of its franchisees. Company Owned Real Estate Brokerage Services As an owner-operator of real estate brokerages, the Company assists home buyers and sellers in listing, marketing, selling and finding homes. Real estate commissions earned by the Company’s real estate brokerage business are recorded as revenue on a gross basis upon the closing of a real estate transaction (i.e., purchase or sale of a home), which are referred to as gross commission income. The commissions the Company pays to real estate agents are recognized concurrently with associated revenues and presented as the commission and other agent-related costs line item on the accompanying Consolidated Statements of Operations. Relocation Services The Company provides relocation services to corporate and government clients for the transfer of their employees. Such services include the purchasing and/or selling of a transferee’s home, providing home equity advances to transferees (generally guaranteed by the client), expense processing, arranging household goods moving services, home finding and other related services. The Company earns revenues from fees charged to clients for the performance and/or facilitation of these services and recognizes such revenue as services are provided, except for limited instances in which the Company assumes the risk of loss on the sale of a transferring employee’s home ("at risk"). In such cases, revenues are recorded as earned with associated costs recorded within operating expenses. In the majority of relocation transactions, the gain or loss on the sale of a transferee’s home is generally borne by the client. However, there are limited instances in which the Company assumes the risk of loss. Under "at risk" contracts, the Company records the value of the home on its Consolidated Balance Sheets within the Other current assets line item at the lower of cost or net realizable value less estimated direct costs to sell. The difference between the actual purchase price and proceeds received on the sale of the home is recorded within operating expenses on the Company’s Consolidated Statements of Operations and the gain or loss was not material for any period presented. The Company also earns referral commission revenue from real estate brokers, which is recognized at the time the underlying property closes, and revenues from other third-party service providers where the Company earns a referral commission, which is recognized at the time of completion of services. Additionally, the Company generally earns interest income on the funds it advances on behalf of the transferring employee, which is recorded within other revenue (as is the corresponding interest expense on the securitization obligations) in the accompanying Consolidated Statements of Operations. Title and Settlement Services The Company provides title and closing services, which include title search procedures for title insurance policies, homesale escrow and other closing services. Title revenues, which are recorded net of amounts remitted to third-party insurance underwriters, and title and closing service fees are recorded at the time a homesale transaction or refinancing closes. The Company also owns an underwriter of title insurance. For independent title agents, the underwriter recognizes policy premium revenue on a gross basis (before deduction of agent commission) upon notice of policy issuance from the agent. For affiliated title agents, the underwriter recognizes the incremental policy premium revenue upon the effective date of the title policy as the agent commission revenue is already recognized by the affiliated title agent.
Consolidation, Policy [Policy Text Block]	The Company consolidates any VIE for which it is the primary beneficiary with a controlling financial interest. Also, the Company consolidates an entity not deemed a VIE if its ownership, direct or indirect, exceeds 50% of the outstanding voting shares of an entity and/or it has the ability to control the financial or operating policies through its voting rights, board representation or other similar rights. For entities where the Company does not have a controlling interest (financial or operating), the investments in such entities are accounted for using the equity or cost method, as appropriate. The Company applies the equity method of accounting when it has the ability to exercise significant influence over operating and financial policies of an investee. The Company uses the cost method for all other investments.
Cash and Cash Equivalents, Policy [Policy Text Block]	CASH AND CASH EQUIVALENTS The Company considers highly liquid investments with remaining maturities not exceeding three months at the date of purchase to be cash equivalents.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	RESTRICTED CASH Restricted cash primarily relates to amounts specifically designated as collateral for the repayment of outstanding borrowings under the Company’s securitization facilities. Such amounts approximated $8 million and $10 million at December 31, 2015 and 2014 , respectively and are primarily included within other current assets on the Company’s Consolidated Balance Sheets.
Receivables, Policy [Policy Text Block]	ALLOWANCE FOR DOUBTFUL ACCOUNTS The Company estimates the allowance necessary to provide for uncollectible accounts receivable. The estimate is based on historical experience, combined with a review of current developments and includes specific accounts for which payment has become unlikely. The process by which the Company calculates the allowance begins in the individual business units where specific problem accounts are identified and reserved primarily based upon the age profile of the receivables and specific payment issues.
Advertising Costs, Policy [Policy Text Block]	ADVERTISING EXPENSES Advertising costs are generally expensed in the period incurred. Advertising expenses, recorded within the marketing expense line item on the Company’s Consolidated Statements of Operations, were approximately $194 million , $188 million and $174 million for the years ended December 31, 2015 , 2014 and 2013 , respectively.
Deferred Charges, Policy [Policy Text Block]	DEBT ISSUANCE COSTS Debt issuance costs include costs incurred in connection with obtaining debt and extending existing debt. These financing costs are capitalized and amortized on a straight-line basis over the term of the loan and are included as a component of interest expense. In the fourth quarter of 2015, the Company early adopted Accounting Standards Update— Simplifying the Presentation of Debt Issuance Costs , requiring that debt issuance costs related to a debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The change in presentation is reflected retroactively.
Income Tax, Policy [Policy Text Block]	INCOME TAXES The Company’s provision for income taxes is determined using the asset and liability method, under which deferred tax assets and liabilities are calculated based upon the temporary differences between the financial statement and income tax bases of assets and liabilities using currently enacted tax rates. These differences are based upon estimated differences between the book and tax basis of the assets and liabilities for the Company. Certain tax assets and liabilities of the Company may be adjusted in connection with the finalization of income tax audits. The Company’s deferred tax assets are recorded net of a valuation allowance when, based on the weight of available evidence, it is more likely than not that all or some portion of the recorded deferred tax balances will not be realized in future periods. Decreases to the valuation allowance are recorded as reductions to the Company’s provision for income taxes and increases to the valuation allowance result in additional provision for income taxes. In the fourth quarter of 2015, the Company early adopted Accounting Standards Update —Balance Sheet Classification of Deferred Taxes , requiring that deferred tax assets and deferred tax liabilities be presented as non-current in a classified balance sheet. This standard simplifies current guidance, which requires that deferred tax assets and deferred tax liabilities be separately presented as current and non-current in a classified balance sheet. The change in presentation is reflected retroactively.
Derivatives, Policy [Policy Text Block]	DERIVATIVE INSTRUMENTS The Company records derivatives and hedging activities on the balance sheet at their respective fair values. The Company uses foreign currency forward contracts largely to manage its exposure to changes in foreign currency exchange rates associated with its foreign currency denominated receivables and payables. The Company primarily manages its foreign currency exposure to the Euro, Swiss Franc, Canadian Dollar and British Pound. The Company has not elected to utilize hedge accounting for these forward contracts; therefore, any change in fair value is recorded in the Consolidated Statements of Operations. However, the fluctuations in the value of these forward contracts generally offset the impact of changes in the value of the underlying risk that they are intended to economically hedge. The Company also enters into interest rate swaps to manage its exposure to changes in interest rates associated with its variable rate borrowings. The Company has interest rate swaps with an aggregate notional value of $1,475 million to offset the variability in cash flows resulting from the term loan facilities as follows: Notional Value (in millions) Commencement Date Expiration Date $225 July 2012 February 2018 $200 January 2013 February 2018 $600 August 2015 August 2020 $450 November 2017 November 2022 The Company has not elected to utilize hedge accounting for these interest rate swaps; therefore, any change in fair value is recorded in the Consolidated Statements of Operations.
Equity Method Investments, Policy [Policy Text Block]	INVESTMENTS At December 31, 2015 and 2014 , the Company had various equity method investments aggregating $65 million and $61 million , respectively, which are recorded within other non-current assets on the accompanying Consolidated Balance Sheets. Included in such investments is a 49.9% interest in PHH Home Loans, a mortgage origination venture formed in 2005 created for the purpose of originating and selling mortgage loans primarily sourced through the Company’s real estate brokerage and relocation businesses. PHH Corporation ("PHH") owns the remaining percentage. The Company’s maximum exposure to loss with respect to its investment in PHH Home Loans is limited to its equity investment of $58 million at December 31, 2015 . In connection with the joint venture, the Company recorded equity earnings related to its investment in PHH Home Loans of $14 million , $8 million and $24 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. The Company received cash dividends from PHH Home Loans of $10 million , $3 million and $40 million during the years ended December 31, 2015 , 2014 and 2013 , respectively. The following presents the summarized financial information for PHH Home Loans: December 31, 2015 2014 Balance sheet data: Total assets $ 491 $ 480 Total liabilities 379 375 Total members’ equity 112 105 Year Ended December 31, 2015 2014 2013 Statement of operations data: Total revenues $ 233 $ 200 $ 282 Total expenses 205 185 235 Net income 28 15 47
Property, Plant and Equipment, Policy [Policy Text Block]	PROPERTY AND EQUIPMENT Property and equipment (including leasehold improvements) are initially recorded at cost, net of accumulated depreciation and amortization. Depreciation, recorded as a component of depreciation and amortization on the Consolidated Statements of Operations, is computed utilizing the straight-line method over the estimated useful lives of the related assets. Amortization of leasehold improvements, also recorded as a component of depreciation and amortization, is computed utilizing the straight-line method over the estimated benefit period of the related assets or the lease term, if shorter. Useful lives are 30 years for buildings, up to 20 years for leasehold improvements, and from 3 to 7 years for furniture, fixtures and equipment. The Company capitalizes the costs of software developed for internal use which commences during the development phase of the project. The Company amortizes software developed or obtained for internal use on a straight-line basis, generally from 1 to 5 years, when such software is substantially ready for use. The net carrying value of software developed or obtained for internal use was $79 million and $85 million at December 31, 2015 and 2014 , respectively.
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	IMPAIRMENT OF GOODWILL, INTANGIBLE ASSETS AND OTHER LONG-LIVED ASSETS Goodwill represents the excess of acquisition costs over the fair value of the net tangible assets and identifiable intangible assets acquired in a business combination. Indefinite-lived intangible assets primarily consist of trademarks acquired in business combinations. Goodwill and indefinite-lived assets are not amortized, but are subject to impairment testing. The aggregate carrying value of our goodwill and other indefinite-lived intangible assets was $3,618 million and $756 million , respectively, at December 31, 2015 and are subject to impairment testing annually as of October 1, or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. This testing compares carrying values to fair values and, when appropriate, the carrying value is reduced to fair value. In testing goodwill, the fair value of our reporting units is estimated utilizing a discounted cash flow approach utilizing long-term cash flow forecasts and our annual operating plans adjusted for terminal value assumptions. We determine the fair value of our reporting units utilizing our best estimate of future revenues, operating expenses, cash flows, market and general economic conditions as well as assumptions that we believe marketplace participants would utilize including discount rates, cost of capital, trademark royalty rates and long-term growth rates. The trademark royalty rate was determined by reviewing similar trademark agreements with third parties. Although we believe our assumptions are reasonable, actual results may vary significantly. These impairment tests involve the use of accounting estimates and assumptions, changes in which could materially impact our financial condition or operating performance if actual results differ from such estimates and assumptions. To address this uncertainty we perform sensitivity analysis on key estimates and assumptions. Based upon the impairment analysis performed in the fourth quarter of 2015 , 2014 and 2013 , there was no impairment of goodwill or other indefinite-lived intangible assets for these years. Management evaluated the effect of lowering the estimated fair value for each of the reporting units by 10% and determined that no impairment of goodwill would have been recognized under this evaluation for 2015 , 2014 or 2013 . The Company evaluates the recoverability of its other long-lived assets, including amortizable intangible assets, if circumstances indicate an impairment may have occurred. This analysis is performed by comparing the respective carrying values of the assets to the current and expected future cash flows, on an undiscounted basis, to be generated from such assets. Property and equipment is evaluated separately within each business unit. If such analysis indicates that the carrying value of these assets is not recoverable, then the carrying value of such assets is reduced to fair value through a charge to the Company’s Consolidated Statements of Operations. There were no impairments relating to other long-lived assets, including amortizable intangible assets, during 2015 , 2014 or 2013 .
Cash Flow, Supplemental Disclosures [Text Block]	SUPPLEMENTAL CASH FLOW INFORMATION Significant non-cash transactions in 2015 included $17 million in capital lease additions, which resulted in non-cash accruals to fixed assets and other long-term liabilities. Significant non-cash transactions in 2014 included $8 million in capital lease additions, which resulted in non-cash accruals to fixed assets and other long-term liabilities. Significant non-cash transactions in 2013 included non-cash issuances of common stock of $22 million pursuant to the Phantom Value Plan, net of shares withheld for taxes. In addition, during 2013 , the Company recorded $6 million in tenant improvements related to the new corporate headquarters and $14 million in capital lease additions, both of which resulted in non-cash accruals to fixed assets and other long-term liabilities.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	STOCK-BASED COMPENSATION The Company grants stock-based awards to certain senior management, employees and directors including non-qualified stock options, restricted stock, restricted stock units and performance share units . The fair value of non-qualified stock options is estimated using the Black-Scholes option pricing model on the grant date and is recognized as expense over the service period based on the vesting requirements. The fair value of r estricted stock, restricted stock units and performance share units without a market condition is measured based on the closing price of the Company's common stock on the grant date and is recognized as expense over the service period of the award, or when requisite performance metrics or milestones are probable of being achieved . The fair value of awards with a market condition are estimated using the Monte Carlo simulation method and expense is recognized on a straight-line basis over the requisite service period of the award. Determining the fair value of stock-based awards at the grant date requires considerable judgment, including estimating expected volatility, expected term, risk-free rate and estimated forfeiture rates.
New Accounting Pronouncements, Policy [Policy Text Block]	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS In April 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update ("ASU") —Simplifying the Presentation of Debt Issuance Costs , requiring that debt issuance costs related to a debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Prior to the amendment, debt issuance costs were recognized as deferred charges and recorded as other assets. The amendments in this ASU are effective for the Company’s fiscal year beginning January 1, 2016 and subsequent interim periods, with earlier adoption permitted. The Company elected to early adopt this ASU in the fourth quarter of 2015. The election requires retrospective application to all prior periods presented in the financial statements and represents a change in accounting principle. Adoption of the ASU resulted in the reclassification of debt issuance costs from deferred financing costs in other assets to a reduction in the carrying amount of the related debt liability within the Company’s consolidated balance sheets. As a result of the adoption, the December 31, 2014 indebtedness table has been restated as follows: December 31, 2014 Previously Reported Balance Effect of Accounting Principle Adoption Adjusted Balance Senior Secured Credit Facility: Term Loan B Facility $ 1,871 $ 18 $ 1,853 7.625% First Lien Notes 593 7 586 9.00% First and a Half Lien Notes 196 2 194 3.375% Senior Notes 500 3 497 4.50% Senior Notes 450 21 429 5.25% Senior Notes 300 4 296 Total Short Term & Long Term Debt $ 3,910 $ 55 $ 3,855 The debt issuance costs related to our revolving credit facilities, including securitization obligations, remain classified as an asset within other assets. In November 2015, the FASB issued ASU —Balance Sheet Classification of Deferred Taxes , requiring an entity to present deferred tax assets and deferred tax liabilities as non-current in its classified balance sheet. The ASU simplifies current guidance, which requires an entity to separately present deferred tax assets and deferred tax liabilities as current and non-current in its classified balance sheet. Entities are permitted to apply the amendments either prospectively or retrospectively. The ASU is effective for annual and interim periods beginning after December 15, 2016, with early adoption permitted. The Company elected to early adopt this ASU in the fourth quarter of 2015 and applied its provisions retrospectively to all prior periods presented in the financial statements. The election represents a change in accounting principle. As a result of the early adoption of these two ASUs, the December 31, 2014 Consolidated Balance Sheet is restated as follows: December 31, 2014 Effect of Accounting Principle Adoption Previously Reported Balance Simplifying the Presentation of Debt Issuance Costs Balance Sheet Classification of Deferred Taxes Adjusted Balance ASSETS Current assets: Deferred income taxes $ 180 $ — $ (180 ) $ — Total current assets 1,026 — (180 ) 846 Other non-current assets 230 (55 ) 1 176 Total assets 7,538 (55 ) (179 ) 7,304 LIABILITIES AND EQUITY Long-term debt $ 3,891 $ (55 ) $ — $ 3,836 Deferred income taxes 350 — (179 ) 171 Total liabilities 5,355 (55 ) (179 ) 5,121 Total liabilities and equity 7,538 (55 ) (179 ) 7,304 RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS The Company considers the applicability and impact of all Accounting Standards Updates ("ASU"). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial position or results of operations. In May 2014, the FASB and IASB issued a converged standard on revenue recognition that will have an effect on most companies to some extent. The objective of the revenue standard is to provide a single, comprehensive revenue recognition model for all contracts with customers to improve comparability within industries, across industries, and across capital markets. The revenue standard contains principles that an entity will apply to determine the measurement of revenue and the timing of revenue recognition. The new standard, as initially released, would be effective for fiscal years, and interim periods within those years, beginning after December 15, 2016 and early adoption would not be permitted. In July 2015, the FASB deferred the effective date of the new revenue standard by one year resulting in the new revenue standard being effective for fiscal years and interim periods beginning after December 15, 2017 and allowing entities to adopt one year earlier if they so elect. The new standard permits for two alternative implementation methods, the use of either (1) full retrospective application to each prior reporting period presented or (2) modified retrospective application in which the cumulative effect of initially applying the revenue standard is recognized as an adjustment to the opening balance of retained earnings in the period of adoption. The Company plans to adopt the new standard in the first quarter of 2018 but has not yet determined the method by which the standard will be adopted. The Company is currently evaluating the impact of the standard on its consolidated financial statements but does not expect the new standard to have a material impact on the financial results of the Company as the majority of our revenue is recognized at the completion of a homesale transaction and will not be impacted by this new revenue recognition guidance.

Note 2. Summary of Significan29

Note 2. Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Schedule of Derivative Instruments [Table Text Block]	the term loan facilities as follows: Notional Value (in millions) Commencement Date Expiration Date $225 July 2012 February 2018 $200 January 2013 February 2018 $600 August 2015 August 2020 $450 November 2017 November 2022 Notional Value (in millions) Commencement Date Expiration Date $225 July 2012 February 2018 $200 January 2013 February 2018 $600 August 2015 August 2020 $450 November 2017 November 2022
Summarized Financial Information PHHHL [Table Text Block]	The following presents the summarized financial information for PHH Home Loans: December 31, 2015 2014 Balance sheet data: Total assets $ 491 $ 480 Total liabilities 379 375 Total members’ equity 112 105 Year Ended December 31, 2015 2014 2013 Statement of operations data: Total revenues $ 233 $ 200 $ 282 Total expenses 205 185 235 Net income 28 15 47
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	As a result of the adoption, the December 31, 2014 indebtedness table has been restated as follows: December 31, 2014 Previously Reported Balance Effect of Accounting Principle Adoption Adjusted Balance Senior Secured Credit Facility: Term Loan B Facility $ 1,871 $ 18 $ 1,853 7.625% First Lien Notes 593 7 586 9.00% First and a Half Lien Notes 196 2 194 3.375% Senior Notes 500 3 497 4.50% Senior Notes 450 21 429 5.25% Senior Notes 300 4 296 Total Short Term & Long Term Debt $ 3,910 $ 55 $ 3,855
New Accounting Pronouncement, Early Adoption [Table Text Block]	As a result of the early adoption of these two ASUs, the December 31, 2014 Consolidated Balance Sheet is restated as follows: December 31, 2014 Effect of Accounting Principle Adoption Previously Reported Balance Simplifying the Presentation of Debt Issuance Costs Balance Sheet Classification of Deferred Taxes Adjusted Balance ASSETS Current assets: Deferred income taxes $ 180 $ — $ (180 ) $ — Total current assets 1,026 — (180 ) 846 Other non-current assets 230 (55 ) 1 176 Total assets 7,538 (55 ) (179 ) 7,304 LIABILITIES AND EQUITY Long-term debt $ 3,891 $ (55 ) $ — $ 3,836 Deferred income taxes 350 — (179 ) 171 Total liabilities 5,355 (55 ) (179 ) 5,121 Total liabilities and equity 7,538 (55 ) (179 ) 7,304

Note 4. Intangible Assets Int30

Note 4. Intangible Assets Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Goodwill by segment and changes in the carrying amount are as follows: Real Estate Franchise Services Company Owned Brokerage Services Relocation Services Title and Settlement Services Total Company Goodwill balance at January 1, 2013 $ 2,241 $ 630 $ 360 $ 73 $ 3,304 Goodwill acquired — 31 — — 31 Balance at December 31, 2013 2,241 661 360 73 3,335 Goodwill acquired 51 86 — 5 142 Balance at December 31, 2014 2,292 747 360 78 3,477 Goodwill acquired — 94 — 47 141 Balance at December 31, 2015 $ 2,292 $ 841 $ 360 $ 125 $ 3,618 Goodwill and accumulated impairment summary Gross goodwill $ 3,315 $ 999 $ 641 $ 449 $ 5,404 Accumulated impairment losses (a) (1,023 ) (158 ) (281 ) (324 ) (1,786 ) Balance at December 31, 2015 $ 2,292 $ 841 $ 360 $ 125 $ 3,618 _______________ (a) During the fourth quarter of 2008, the Company recorded an impairment charge of $1,557 million , which reduced intangible assets by $278 million and reduced goodwill by $1,279 million . During the fourth quarter of 2007, the Company recorded an impairment charge of $637 million , which reduced intangible assets by $130 million and reduced goodwill by $507 million .
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Table Text Block]	Intangible assets are as follows: As of December 31, 2015 As of December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable—Franchise agreements (a) $ 2,019 $ 591 $ 1,428 $ 2,019 $ 524 $ 1,495 Unamortizable—Trademarks (b) $ 745 $ 745 $ 736 $ 736 Other Intangibles Amortizable—License agreements (c) $ 45 $ 8 $ 37 $ 45 $ 7 $ 38 Amortizable—Customer relationships (d) 530 284 246 530 256 274 Unamortizable—Title plant shares (e) 11 11 10 10 Amortizable—Pendings and listings (f) 3 1 2 2 2 — Amortizable—Other (g) 31 11 20 25 6 19 Total Other Intangibles $ 620 $ 304 $ 316 $ 612 $ 271 $ 341 _______________ (a) Generally amortized over a period of 30 years. (b) Primarily relates to the Century 21 ® , Coldwell Banker ® , ERA ® , Corcoran ® , Coldwell Banker Commercial ® and Cartus tradenames, 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 at the Relocation Services segment, the Title and Settlement Services segment and the Real Estate Franchise Services segment. These relationships are being amortized over a period of 2 to 20 years. (e) Primarily relates to the Texas American Title Company title plant shares. 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) Generally amortized over a period of 5 months . (g) Consists of covenants not to compete which are amortized over their contract lives and other intangibles which are generally amortized over periods ranging from 5 to 10 years.
Schedule of Finite-Lived Intangible Assets, Amortization Expense [Table Text Block]	Intangible asset amortization expense is as follows: For the Year Ended December 31, 2015 2014 2013 Franchise agreements $ 67 $ 67 $ 67 License agreements 1 1 1 Customer relationships 28 37 37 Pendings and listings 16 8 3 Other 5 3 1 Total $ 117 $ 116 $ 109

Note 5. Franchising and Marke31

Note 5. Franchising and Marketing Activities Franchising and Marketing Activities (Tables)	12 Months Ended
	Dec. 31, 2015
Franchising and Marketing Activities [Abstract]
Schedule of the Number of Franchised and Company Owned Outlets in Operation [Table Text Block]	The number of franchised and company owned outlets in operation are as follows: (Unaudited) As of December 31, 2015 2014 2013 Franchised: Century 21 ® 6,897 6,902 7,109 ERA ® 2,355 2,304 2,314 Coldwell Banker ® 2,258 2,396 2,489 Coldwell Banker Commercial ® 163 167 195 Sotheby’s International Realty ® 794 717 666 Better Homes and Gardens ® Real Estate 304 283 259 12,771 12,769 13,032 Company Owned: ERA ® — — 11 Coldwell Banker ® 708 651 631 Sotheby’s International Realty ® 41 39 32 Corcoran ® /Other 38 37 32 787 727 706
Schedule of the Changes in the Number of Franchised and Company Owned Outlets [Table Text Block]	The number of franchised and company owned outlets (in the aggregate) changed as follows: (Unaudited) For the Year Ended December 31, 2015 2014 2013 Franchised: Beginning balance 12,769 13,032 12,880 Additions 445 311 478 Terminations (443 ) (574 ) (326 ) Ending balance 12,771 12,769 13,032 Company Owned: Beginning balance 727 706 712 Additions 74 38 15 Closures (14 ) (17 ) (21 ) Ending balance 787 727 706

Note 6. Property and Equipmen32

Note 6. Property and Equipment, Net Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment, net consisted of: December 31, 2015 2014 Furniture, fixtures and equipment $ 242 $ 224 Capitalized software 310 288 Building and leasehold improvements 213 183 Land 3 3 Gross property and equipment 768 698 Less: accumulated depreciation (514 ) (465 ) Property and equipment, net $ 254 $ 233

Note 7. Accrued Expenses And 33

Note 7. Accrued Expenses And Other Current Liabilities Accrued Expenses And Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Accrued expenses and other current liabilities	Accrued expenses and other current liabilities consisted of: December 31, 2015 2014 Accrued payroll and related employee costs $ 140 $ 120 Accrued volume incentives 34 32 Accrued commissions 29 21 Restructuring accruals 9 3 Deferred income 73 73 Accrued interest 13 44 Contingent consideration for acquisitions 27 10 Other 123 108 Accrued expenses and other current liabilities $ 448 $ 411

Note 8. Short And Long-Term D34

Note 8. Short And Long-Term Debt Short and Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of Total Indebtedness	Total indebtedness is as follows: December 31, 2015 2014 Senior Secured Credit Facility: Revolving Credit Facility $ 200 $ — Term Loan B Facility 1,839 1,853 Term Loan A Facility 433 — 7.625% First Lien Notes — 586 9.00% First and a Half Lien Notes — 194 3.375% Senior Notes 499 497 4.50% Senior Notes 434 429 5.25% Senior Notes 297 296 Total Short-Term & Long-Term Debt $ 3,702 $ 3,855 Securitization Obligations: Apple Ridge Funding LLC $ 238 $ 255 Cartus Financing Limited 9 14 Total Securitization Obligations $ 247 $ 269
Schedule of Debt	As of December 31, 2015 , the Company’s borrowing arrangements were as follows: Interest Rate Expiration Date Principal Unamortized Discount and Debt Issuance Costs Net Senior Secured Credit Facility: Revolving Credit Facility (1) (2) October 2020 $ 200 * $ 200 Term Loan B Facility (3) March 2020 1,867 28 1,839 Term Loan A Facility (4) October 2020 435 2 433 Senior Notes 3.375% May 2016 500 1 499 Senior Notes 4.50% April 2019 450 16 434 Senior Notes 5.25% December 2021 300 3 297 Securitization obligations: (5) Apple Ridge Funding LLC (6) June 2016 238 * 238 Cartus Financing Limited (7) August 2016 9 * 9 Total (8) $ 3,999 $ 50 $ 3,949 _______________ * The debt issuance costs related to our Revolving Credit Facility and Securitization Obligations remain classified as a deferred asset within other assets. (1) As of December 31, 2015 , the Company had $815 million of borrowing capacity under its Revolving Credit Facility leaving $615 million of available capacity. On February 19, 2016 , the Company had $200 million outstanding borrowings on the Revolving Credit Facility and no outstanding letters of credit on such facility, leaving $615 million of available capacity. (2) Interest rates with respect to revolving loans under the Term Loan A Facility at December 31, 2015 were based on, at the Company’s option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% . (3) The Term Loan B Facility provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to the Term Loan B Facility is based on, at the Company’s option, (a) adjusted LIBOR plus 3.00% (with a LIBOR floor of 0.75% ) or (b) JPMorgan Chase Bank, N.A.’s prime rate (" ABR ") plus 2.00% (with an ABR floor of 1.75% ). (4) The Term Loan A Facility provides for quarterly amortization payments, commencing March 31, 2016, totaling per annum 5% , 5% , 7.5% , 10.0% and 12.5% of the original principal amount of the Term Loan A Facility in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the new Term Loan A Facility are based on, at the Company's option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% . (5) Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations. (6) As of December 31, 2015 , the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $87 million of available capacity. (7) Consists of a £20 million revolving loan facility and a £5 million working capital facility. As of December 31, 2015 , the Company had $38 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $29 million of available capacity. (8) Not included in this table, the Company had $134 million of outstanding letters of credit at December 31, 2015 , of which $53 million was under the synthetic letter of credit facility with a rate of 4.25% and $81 million was under the unsecured letter of credit facility with a rate of 2.98% .
Schedule of Maturities of Long-term Debt	As of December 31, 2015 , the combined aggregate amount of maturities for long-term borrowings, excluding revolver borrowings and securitization obligations, for each of the next five years is as follows: Year Amount 2016 $ 541 2017 41 2018 52 2019 513 2020 2,105
Interest Rate Table for Revolving Credit Facility	Senior Secured Leverage Ratio Applicable LIBOR Margin Applicable ABR Margin Greater than 3.50 to 1.00 2.50% 1.50% Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 2.25% 1.25% Less than 2.50 to 1.00 2.00% 1.00%
Interest Rate Table for Term Loan A Facility	Senior Secured Leverage Ratio Applicable LIBOR Margin Applicable ABR Margin Greater than 3.50 to 1.00 2.50% 1.50% Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 2.25% 1.25% Less than 2.50 to 1.00 2.00% 1.00%

Note 9. Employee Benefit Plan35

Note 9. Employee Benefit Plans Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Expected Benefit Payments	Estimated future benefit payments as of December 31, 2015 are as follows: Year Amount 2016 $ 9 2017 9 2018 9 2019 10 2020 10 2021 through 2025 49
Schedule of Allocation of Plan Assets	The following table presents the fair values of plan assets by category as of December 31, 2015 : Asset Category Quoted Price in Active Market for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Total Cash and cash equivalents $ 2 $ — $ — $ 2 Equity securities — 74 — 74 Fixed income securities — 30 — 30 Total $ 2 $ 104 $ — $ 106 The following table presents the fair values of plan assets by category as of December 31, 2014 : Asset Category Quoted Price in Active Market for Identical Assets (Level I) Significant Other Observable Inputs (Level II) Significant Unobservable Inputs (Level III) Total Cash and cash equivalents $ 1 $ — $ — $ 1 Equity securities — 71 — 71 Fixed income securities — 42 — 42 Total $ 1 $ 113 $ — $ 114

Note 10. Income Taxes Income 36

Note 10. Income Taxes Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of pre-tax income (loss) for domestic and foreign operations	The components of pretax income for domestic and foreign operations consisted of the following: Year Ended December 31, 2015 2014 2013 Domestic $ 290 $ 230 $ 192 Foreign 8 4 9 Pretax income $ 298 $ 234 $ 201
Schedule of income tax provision	The components of income tax expense (benefit) consisted of the following: Year Ended December 31, 2015 2014 2013 Current: Federal $ 8 $ 5 $ 4 State 3 1 — Foreign 3 4 3 Total current 14 10 7 Deferred: Federal 91 76 (241 ) State 4 1 (8 ) Foreign 1 — — Total deferred 96 77 (249 ) Income tax expense (benefit) $ 110 $ 87 $ (242 )
Schedule of effective income tax rate	A reconciliation of the Company’s effective income tax rate at the U.S. federal statutory rate of 35% to the actual expense (benefit) was as follows: Year Ended December 31, 2015 2014 2013 Federal statutory rate 35 % 35 % 35 % State and local income taxes, net of federal tax benefits 2 5 2 Permanent differences 1 2 (1 ) Net change in valuation allowance 1 (3 ) (157 ) Other (2 ) (2 ) 1 37 % 37 % (120 %)
Schedule of deferred income tax assets and liabilities	2015 2014 Deferred income tax assets: Net operating loss carryforwards $ 654 $ 810 Tax credit carryforwards 28 17 Accrued liabilities 123 103 Minimum pension obligation 23 24 Provision for doubtful accounts 18 22 Liability for unrecognized tax benefits 6 8 Interest rate swaps 11 6 Other 1 — Total deferred tax assets 864 990 Less: valuation allowance (11 ) (10 ) Total deferred income tax assets after valuation allowance 853 980 Deferred income tax liabilities: Depreciation and amortization 1,105 1,122 Change in tax return accounting methods 9 18 Prepaid expenses 2 2 Undistributed foreign earnings 2 6 Basis difference in investment in joint ventures 1 2 Total deferred tax liabilities 1,119 1,150 Net deferred income tax liabilities $ (266 ) $ (170 )
Schedule of the rollforward of unrecognized tax benefits	The rollforward of unrecognized tax benefits are summarized in the table below: Unrecognized tax benefits—January 1, 2013 $ 111 Gross increases—tax positions in prior periods 7 Gross increases—tax positions in current period 3 Settlements (3 ) Reduction due to lapse of statute of limitations (5 ) Unrecognized tax benefits—December 31, 2013 113 Gross increases—tax positions in prior periods 1 Gross decreases—tax positions in prior periods (8 ) Gross increases—tax positions in current period 3 Settlements (1 ) Reduction due to lapse of statute of limitations (2 ) Unrecognized tax benefits—December 31, 2014 106 Gross decreases—tax positions in prior periods (4 ) Gross increases—tax positions in current period 1 Settlements (23 ) Reduction due to lapse of statute of limitations (2 ) Unrecognized tax benefits—December 31, 2015 $ 78

Note 11. Restructuring Costs 37

Note 11. Restructuring Costs Restructuring Costs (Tables)	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	The components of the restructuring charges for the years ended December 31, 2015 , 2014 and 2013 were as follows: Years Ended December 31, 2015 2014 2013 Personnel-related costs (1) $ 3 $ — $ — Facility-related costs (2) 3 (1 ) 3 Accelerated depreciation related to asset disposals — — 1 Other restructuring costs (3) 4 — — Total restructuring charges $ 10 $ (1 ) $ 4
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	The following is a reconciliation of the beginning and ending restructuring reserve balances for the 2015-2016 Business Optimization Initiative: Personnel-related costs Facility-related costs Accelerated depreciation related to asset disposals Other restructuring costs Total Balance at October 1, 2015 $ — $ — $ — $ — $ — Restructuring charges 3 3 — 4 10 Costs paid or otherwise settled — — — (1 ) (1 ) Balance at December 31, 2015 $ 3 $ 3 $ — $ 3 $ 9
Schedule of Expected Restructuring Costs by Cost Type [Table Text Block]	The following is a reconciliation of the total amounts expected to be incurred from the 2015-2016 Business Optimization Initiative: Total amount expected to be incurred Amount incurred in 2015 Total amount remaining to be incurred Personnel-related costs $ 17 $ 3 $ 14 Facility-related costs 13 3 10 Accelerated depreciation related to asset disposals 1 — 1 Other restructuring costs 6 4 2 Total $ 37 $ 10 $ 27
Schedule of Expected Restructuring Costs by Business Segment [Table Text Block]	The following is a reconciliation of the total amounts expected to be incurred from the 2015-2016 Business Optimization Initiative by reportable segment: Total amount expected to be incurred Amount incurred in 2015 Total amount remaining to be incurred Real Estate Franchise Services $ 2 $ — $ 2 Company Owned Real Estate Brokerage Services 20 5 15 Relocation Services 8 1 7 Title and Settlement Services 1 — 1 Corporate and Other 6 4 2 Total $ 37 $ 10 $ 27

Note 12. Stock-Based Compensa38

Note 12. Stock-Based Compensation Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Market Performance Unit Award Valuation Assumptions	2015 RTSR PSU Weighted average grant date fair value $ 41.08 Weighted average expected volatility 25.1 % Weighted average volatility of XHB 21.1 % Weighted average correlation coefficient 0.57 Weighted average risk-free interest rate 1.0 % Weighted average dividend yield —
Schedule of Nonvested Share Activity	A summary of restricted stock and restricted stock unit activity for the year ended December 31, 2015 is presented below (number of shares in millions): Restricted Stock Weighted Average Grant Date Fair Value Restricted Stock Units Weighted Average Grant Date Fair Value Unvested at January 1, 2015 0.09 $ 27.14 0.74 $ 45.83 Granted — — 0.63 46.40 Vested (a) (0.09 ) 27.14 (0.31 ) 45.13 Forfeited — — (0.04 ) 46.31 Unvested at December 31, 2015 — $ — 1.02 $ 46.36 _______________ (a) The total fair value of restricted stock and restricted stock units which vested during the year ended December 31, 2015 was $2 million and $14 million , respectively. A summary of performance share unit activity for the year ended December 31, 2015 is presented below (number of shares in millions): Performance Share Units (a) Weighted Average Grant Date Fair Value Unvested at January 1, 2015 0.37 $ 46.63 Granted 0.52 43.69 Vested (b) (0.03 ) 43.72 Unvested at December 31, 2015 0.86 $ 44.97 _______________ (a) The PSU amounts in the table are shown at the target amount of the award. (b) The total fair value of PSUs which vested during the year ended December 31, 2015 was approximately $1 million .
Summary of Stock Options Valuation Assumptions	2015 Options 2014 Options 2013 Options Weighted average grant date fair value $ 17.66 $ 18.35 $ 19.78 Weighted average expected volatility 36.1 % 41.5 % 43.6 % Weighted average expected term (years) 6.25 6.25 6.25 Weighted average risk-free interest rate 1.6 % 1.4 % 1.7 % Weighted average dividend yield — — —
Summary of Stock Options Activity	A summary of stock option unit activity for the year ended December 31, 2015 is presented below (number of shares in millions): Options Weighted Average Exercise Price Outstanding at January 1, 2015 3.22 $ 30.02 Granted 0.18 46.45 Exercised (a) (b) (0.21 ) 22.09 Forfeited/Expired (0.04 ) 32.48 Outstanding at December 31, 2015 (c) 3.15 $ 31.42 _______________ (a) The intrinsic value of options exercised during the year ended December 31, 2015 was $5 million . (b) Cash received from options exercised during the year ended December 31, 2015 was $5 million . (c) Options outstanding at December 31, 2015 had an intrinsic value of $31 million and have a weighted average remaining contractual life of 6.6 years.
Summary of Exercisable Stock Options Activity	The following table summarizes information regarding exercisable stock options as of December 31, 2015 : Range of Exercise Prices Options Vested (a) Weighted Average Exercise Price Aggregate Intrinsic Value $15.00 to $50.00 1.98 $ 24.93 $ 24.7 $50.00 and above 0.09 $ 140.86 — _______________ (a) Exercisable stock options as of December 31, 2015 have a weighted average remaining contractual life of 7.4 years .

Note 14. Commitments And Cont39

Note 14. Commitments And Contingencies Commitments And Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	The Company is committed to making rental payments under noncancelable operating leases covering various facilities and equipment. Future minimum lease payments required under noncancelable operating leases as of December 31, 2015 are as follows: Year Amount 2016 $ 151 2017 125 2018 93 2019 72 2020 53 Thereafter 179 $ 673
Schedule of Future Minimum Payments for Purchase Commitments and Licensing Fees	Future minimum payments for these purchase commitments and minimum licensing fees as of December 31, 2015 are as follows: Year Amount 2016 $ 49 2017 18 2018 9 2019 6 2020 6 Thereafter 235 $ 323

Note 15. Equity (Deficit) Equ40

Note 15. Equity (Deficit) Equity (Deficit) (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of accumulated other comprehensive losses are as follows: Currency Translation Adjustments (1) Minimum Pension Liability Adjustment Accumulated Other Comprehensive Loss (2) Balance at January 1, 2013 $ 2 $ (33 ) $ (31 ) Other comprehensive income before reclassifications — 19 19 Amounts reclassified from accumulated other comprehensive income — 2 (3) 2 Income tax expense — (9 ) (9 ) Current period change — 12 12 Balance at December 31, 2013 2 (21 ) (19 ) Other comprehensive loss before reclassifications (4 ) (24 ) (28 ) Amounts reclassified from accumulated other comprehensive income — 1 (3) 1 Income tax benefit 2 9 11 Current period change (2 ) (14 ) (16 ) Balance at December 31, 2014 — (35 ) (35 ) Other comprehensive income (loss) before reclassifications (4 ) 1 (3 ) Amounts reclassified from accumulated other comprehensive income — 2 (3) 2 Income tax (expense) benefit 1 (1 ) — Current period change (3 ) 2 (1 ) Balance at December 31, 2015 $ (3 ) $ (33 ) $ (36 ) _______________ (1) Assets and liabilities of foreign subsidiaries having non-U.S. dollar functional currencies are translated at exchange rates at the balance sheet dates and equity accounts are translated at historical spot rates. Revenues and expenses are translated at average exchange rates during the periods presented. The gains or losses resulting from translating foreign currency financial statements into U.S. dollars are included in accumulated other comprehensive income (loss). Gains or losses resulting from foreign currency transactions are included in the Consolidated Statement of Operations. (2) As of December 31, 2015 , the Company does not have any after-tax components of accumulated other comprehensive loss attributable to noncontrolling interests. (3) These reclassifications include the amortization of actuarial loss to periodic pension cost of $2 million , $1 million and $2 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. These amounts were reclassified from accumulated other comprehensive income to the general and administrative expenses line on the statement of operations.
Schedule of Stockholders Equity [Table Text Block]	Realogy Group Stockholder’s Equity Common Stock Additional Paid-In Capital Accumulated Deficit Accumulated Other Comprehensive Loss Non- controlling Interests Total Equity Shares Amount Balance at January 1, 2013 — $ — $ 5,592 $ (4,045 ) $ (31 ) $ 3 $ 1,519 Net income — — — 438 — 5 443 Other comprehensive income — — — — 12 — 12 Contributions from Realogy Holdings — — 5 — — — 5 Stock-based compensation — — 39 — — — 39 Dividends — — — — — (5 ) (5 ) Balance at December 31, 2013 — $ — $ 5,636 $ (3,607 ) $ (19 ) $ 3 $ 2,013 Net income — — — 143 — 4 147 Other comprehensive income — — — — (16 ) — (16 ) Contributions from Realogy Holdings — — 6 — — — 6 Stock-based compensation — — 36 — — — 36 Dividends — — — — — (4 ) (4 ) Capital contributions from noncontrolling interests — — — — — 1 1 Balance at December 31, 2014 — $ — $ 5,678 $ (3,464 ) $ (35 ) $ 4 $ 2,183 Net income — — — 184 — 4 188 Other comprehensive income — — — — (1 ) — (1 ) Contributions from Realogy Holdings — — 5 — — — 5 Stock-based compensation — — 51 — — — 51 Dividends — — — — — (4 ) (4 ) Balance at December 31, 2015 — $ — $ 5,734 $ (3,280 ) $ (36 ) $ 4 $ 2,422

Note 16. Earnings (Loss) Per Sh

Note 16. Earnings (Loss) Per Share Earnings (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the computation of basic and diluted earnings per share: Year Ended December 31, (in millions, except shares and per share data) 2015 2014 2013 Net income attributable to Realogy Holdings shareholders $ 184 $ 143 $ 438 Basic weighted average shares 146.5 146.0 145.4 Stock options, restricted stock, restricted stock units and performance share units (a) 1.6 1.2 1.2 Weighted average diluted shares 148.1 147.2 146.6 Earnings Per Share: Basic $ 1.26 $ 0.98 $ 3.01 Diluted $ 1.24 $ 0.97 $ 2.99

Risk Management and Fair Valu42

Risk Management and Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2015
Risk Management and Fair Value of Financial Instruments [Abstract]
Schedule of Derivative Instruments [Table Text Block]	the term loan facilities as follows: Notional Value (in millions) Commencement Date Expiration Date $225 July 2012 February 2018 $200 January 2013 February 2018 $600 August 2015 August 2020 $450 November 2017 November 2022 Notional Value (in millions) Commencement Date Expiration Date $225 July 2012 February 2018 $200 January 2013 February 2018 $600 August 2015 August 2020 $450 November 2017 November 2022
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair value of derivative instruments was as follows: Liability Derivatives Fair Value Not Designated as Hedging Instruments Balance Sheet Location December 31, 2015 December 31, 2014 Interest rate swap contracts Other non-current liabilities $ 47 $ 40
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	Derivative Instruments Not Designated as Hedging Instruments Location of (Gain) or Loss Recognized for Derivative Instruments (Gain) or Loss Recognized on Derivatives Year Ended December 31, 2015 2014 2013 Interest rate swap contracts Interest expense $ 20 $ 32 $ (4 ) Foreign exchange contracts Operating expense (2 ) (3 ) —
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table summarizes fair value measurements by level at December 31, 2015 for assets/liabilities measured at fair value on a recurring basis: Level I Level II Level III Total Interest rate swaps (included in other non-current liabilities) $ — $ 47 $ — $ 47 Deferred compensation plan assets (included in other non-current assets) 3 — — 3 The following table summarizes fair value measurements by level at December 31, 2014 for assets/liabilities measured at fair value on a recurring basis: Level I Level II Level III Total Interest rate swaps (included in other non-current liabilities) $ — $ 40 $ — $ 40 Deferred compensation plan assets (included in other non-current assets) 2 — — 2
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The following table summarizes the principal amount of the Company’s indebtedness compared to the estimated fair value, primarily determined by quoted market values, at: December 31, 2015 December 31, 2014 Principal Amount Estimated Fair Value (a) Principal Amount Estimated Fair Value (a) Senior Secured Credit Facility: Revolving Credit Facility $ 200 $ 200 $ — $ — Term Loan B Facility 1,867 1,849 1,887 1,834 Term Loan A Facility 435 426 — — 7.625% First Lien Notes — — 593 633 9.00% First and a Half Lien Notes — — 196 215 3.375% Senior Notes 500 500 500 500 4.50% Senior Notes 450 464 450 449 5.25% Senior Notes 300 308 300 291 Securitization obligations 247 247 269 269 _______________ (a) The fair value of the Company's indebtedness is categorized as Level I.

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Revenues	Revenues (a) (b) Year Ended December 31, 2015 2014 2013 Real Estate Franchise Services $ 755 $ 716 $ 690 Company Owned Real Estate Brokerage Services 4,344 4,078 3,990 Relocation Services 415 419 419 Title and Settlement Services 487 398 467 Corporate and Other (c) (295 ) (283 ) (277 ) Total Company $ 5,706 $ 5,328 $ 5,289 _______________ (a) Transactions between segments are eliminated in consolidation. Revenues for the Real Estate Franchise Services segment include intercompany royalties and marketing fees paid by the Company Owned Real Estate Brokerage Services segment of $295 million for the year ended December 31, 2015 , $283 million for the year ended December 31, 2014 and $277 million for the year ended December 31, 2013 . Such amounts are eliminated through the Corporate and Other line. (b) Revenues for the Relocation Services segment include intercompany referral commissions paid by the Company Owned Real Estate Brokerage Services segment of $49 million for the year ended December 31, 2015 , $42 million for the year ended December 31, 2014 and $43 million for the year ended December 31, 2013 . Such amounts are recorded as contra-revenues by the Company Owned Real Estate Brokerage Services segment. There are no other material intersegment transactions. (c) Includes the elimination of transactions between segments.
EBITDA	EBITDA (a) Year Ended December 31, 2015 2014 2013 Real Estate Franchise Services $ 495 $ 463 $ 448 Company Owned Real Estate Brokerage Services 199 193 206 Relocation Services 105 102 104 Title and Settlement Services 48 36 50 Corporate and Other (b) (121 ) (107 ) (155 ) Total Company $ 726 $ 687 $ 653 ______________ (a) Includes $48 million related to the loss on the early extinguishment of debt and restructuring charges of $10 million , partially offset by a net benefit of $15 million of former parent legacy items for the year ended December 31, 2015 . Includes $47 million related to the loss on the early extinguishment of debt, $10 million of transaction and integration costs related to the ZipRealty acquisition and $2 million related to the Phantom Value Plan, partially offset by a net benefit of $10 million of former parent legacy items and the reversal of a prior year restructuring reserve of $1 million for the year ended December 31, 2014 . Includes $68 million loss on the early extinguishment of debt, $47 million related to the Phantom Value Plan and $4 million of restructuring costs, partially offset by a net benefit of $4 million of former parent legacy items for the year ended December 31, 2013 . (b) Includes the elimination of transactions between segments. Provided below is a reconciliation of EBITDA to Net income attributable to Realogy Holdings and Realogy Group: Year Ended December 31, 2015 2014 2013 EBITDA $ 726 $ 687 $ 653 Less: Depreciation and amortization 201 190 176 Interest expense, net 231 267 281 Income tax (benefit) expense 110 87 (242 ) Net income attributable to Realogy Holdings and Realogy Group $ 184 $ 143 $ 438
Reconciliation of Depreciation and Amortization from Segments to Consolidated	Depreciation and Amortization Year Ended December 31, 2015 2014 2013 Real Estate Franchise Services $ 77 $ 75 $ 75 Company Owned Real Estate Brokerage Services 46 42 35 Relocation Services 33 43 44 Title and Settlement Services 25 15 11 Corporate and Other 20 15 11 Total Company $ 201 $ 190 $ 176
Segment Assets	Segment Assets As of December 31 2015 2014 Real Estate Franchise Services $ 4,534 $ 4,574 Company Owned Real Estate Brokerage Services 1,140 1,002 Relocation Services 1,126 1,155 Title and Settlement Services 382 308 Corporate and Other 349 265 Total Company $ 7,531 $ 7,304
Reconciliation of Capital Expenditures from Segments to Consolidated	Capital Expenditures Year Ended December 31, 2015 2014 2013 Real Estate Franchise Services $ 8 $ 10 $ 6 Company Owned Real Estate Brokerage Services 41 33 29 Relocation Services 14 9 6 Title and Settlement Services 8 8 11 Corporate and Other 13 11 10 Total Company $ 84 $ 71 $ 62
Geographic Segment Information	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, 2015 Net revenues $ 5,579 $ 127 $ 5,706 Total assets 7,450 81 7,531 Net property and equipment 252 2 254 On or for the year ended December 31, 2014 Net revenues $ 5,201 $ 127 $ 5,328 Total assets 7,219 85 7,304 Net property and equipment 232 1 233 On or for the year ended December 31, 2013 Net revenues $ 5,167 $ 122 $ 5,289 Total assets 6,998 94 7,092 Net property and equipment 204 1 205

Selected Quarterly Financial 44

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Unaudited Quarterly Financial Data	Provided below is selected unaudited quarterly financial data for 2015 and 2014 . 2015 First Second Third Fourth Net revenues Real Estate Franchise Services $ 151 $ 213 $ 214 $ 177 Company Owned Real Estate Brokerage Services 796 1,289 1,267 992 Relocation Services 85 108 124 98 Title and Settlement Services 87 128 147 125 Other (a) (57 ) (87 ) (84 ) (67 ) $ 1,062 $ 1,651 $ 1,668 $ 1,325 Income (loss) before income taxes, equity in earnings and noncontrolling interests (b) Real Estate Franchise Services $ 67 $ 127 $ 133 $ 92 Company Owned Real Estate Brokerage Services (28 ) 75 82 8 Relocation Services (1 ) 22 39 16 Title and Settlement Services (7 ) 16 9 5 Other (89 ) (83 ) (81 ) (120 ) $ (58 ) $ 157 $ 182 $ 1 Net income (loss) attributable to Realogy Holdings and Realogy Group $ (32 ) $ 97 $ 110 $ 9 Income (loss) per share attributable to Realogy Holdings (c) : Basic income (loss) per share $ (0.22 ) $ 0.66 $ 0.75 $ 0.06 Diluted income (loss) per share $ (0.22 ) $ 0.66 $ 0.74 $ 0.06 _______________ (a) Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment. (b) The quarterly results include the following: • a loss on the early extinguishment of debt of $48 million in the fourth quarter; • former parent legacy benefit of $1 million and $14 million in the second and third quarters, respectively; and • restructuring charges of $10 million in the fourth quarter. (c) Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS (see Note 16 "Earnings Per Share" for further information). 2014 First Second Third Fourth Net revenues Real Estate Franchise Services $ 144 $ 196 $ 199 $ 177 Company Owned Real Estate Brokerage Services 750 1,182 1,175 971 Relocation Services 86 107 125 101 Title and Settlement Services 81 108 111 98 Other (a) (54 ) (81 ) (79 ) (69 ) $ 1,007 $ 1,512 $ 1,531 $ 1,278 Income (loss) before income taxes, equity in earnings and noncontrolling interests (b) Real Estate Franchise Services $ 61 $ 117 $ 118 $ 91 Company Owned Real Estate Brokerage Services (28 ) 78 77 15 Relocation Services (3 ) 16 37 13 Title and Settlement Services (8 ) 14 11 6 Other (99 ) (109 ) (76 ) (106 ) $ (77 ) $ 116 $ 167 $ 19 Net income (loss) attributable to Realogy Holdings and Realogy Group $ (46 ) $ 68 $ 100 $ 21 Income (loss) per share attributable to Realogy Holdings (c) : Basic income (loss) per share $ (0.32 ) $ 0.47 $ 0.68 $ 0.14 Diluted income (loss) per share $ (0.32 ) $ 0.46 $ 0.68 $ 0.14 _______________ (a) Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment. (b) The quarterly results include the following: • a loss on the early extinguishment of debt of $10 million in the first quarter, $17 million in the second quarter and $20 million in the fourth quarter; • former parent legacy cost (benefit) of $1 million , $(2) million and $(9) million in the first, third and fourth quarters, respectively; and • reversal of prior year restructuring reserve of $1 million in the third quarter. (c) Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS.

Note 1. Basis of Presentation45

Note 1. Basis of Presentation Business Description (Details)	Dec. 31, 2015Brokerage_Offices	Dec. 31, 2015franchisedandcompanyownedoffices	Dec. 31, 2015Countries	Dec. 31, 2015	Dec. 31, 2015employees	Dec. 31, 2014franchisedandcompanyownedoffices	Dec. 31, 2013franchisedandcompanyownedoffices	Dec. 31, 2012franchisedandcompanyownedoffices
Number of International Countries in which Entity Operates | Countries			109
Number of largest metropolitan areas				50
Franchised and Company Owned
Number of offices | franchisedandcompanyownedoffices		13,600
Number of Independent Sales Associates					256,800
Company Owned Real Estate Brokerage Services
Number of offices	790	787				727	706	712
Number of Independent Sales Associates					47,000

Note 2. Summary of Significan46

Note 2. Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Minimum ownership percentage for consolidation	50.00%
Restricted Cash and Cash Equivalents	$ 8	$ 10
Advertising Expense	194	188	$ 174
Goodwill	3,618	$ 3,477	$ 3,335	$ 3,304
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 756
Percentage by which the estimated fair value of each reporting unit is lowered during goodwill evaluation	10.00%	10.00%	10.00%
Maximum [Member]
Remaining maturity of highly-liquid investments	3 months

Note 2. Summary of Significan47

Note 2. Summary of Significant Accounting Policies Derivative Instruments (Details) $ in Millions	Dec. 31, 2015USD ($)
Interest rate swap contracts | Swap [Member]
Derivative [Line Items]
Notional value of derivative instrument	$ 1,475
July 2012 [Member]
Derivative [Line Items]
Notional value of derivative instrument	225
January 2013 [Member]
Derivative [Line Items]
Notional value of derivative instrument	200
August 2015 [Member]
Derivative [Line Items]
Notional value of derivative instrument	600
November 2017 [Member]
Derivative [Line Items]
Notional value of derivative instrument	$ 450

Note 2. Summary of Significan48

Note 2. Summary of Significant Accounting Policies Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 65	$ 61
Income (Loss) from Equity Method Investments	16	9	$ 26
PHH Home Loans [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 58
Joint venture investment, ownership percentage	49.90%
Income (Loss) from Equity Method Investments	$ 14	8	24
Proceeds from Equity Method Investment, Dividends or Distributions	10	3	40
Total assets	491	480
Total liabilities	379	375
Total members’ equity	112	105
Total revenues	233	200	282
Total expenses	205	185	235
Net income	$ 28	$ 15	$ 47

Note 2. Summary of Significan49

Note 2. Summary of Significant Accounting Policies Property, Plant and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Software [Member]
Property, Plant and Equipment [Line Items]
Capitalized Computer Software, Net	$ 79	$ 85
Software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year
Software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years

Note 2. Summary of Significan50

Note 2. Summary of Significant Accounting Policies Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Capital Lease Obligations Incurred	$ 17	$ 8	$ 14
Noncash tenant improvements			6
2012 Bonus Plan [Member]
Stock Issued			$ 22

Note 2. Summary of Significan51

Note 2. Summary of Significant Accounting Policies New Accounting Pronouncements (Details) - USD ($) $ in Millions		Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2013
Adjusted 2014 Indebtedness Tables [Abstract]
Long-term debt, net of discount				$ 3,910
Long-term debt, gross	[1]	$ 3,999
Long-term debt, net of debt issuance costs and discount		2,962		3,836
Restated 2014 Consolidated Balance Sheet [Abstract]
Total current assets		961		846
Other non-current assets		209		176
Total assets		7,531		7,304	$ 7,092
Deferred income taxes		267		171
Total liabilities		5,109		5,121
Total liabilities and equity		7,531		7,304
Previously Reported Balance
Restated 2014 Consolidated Balance Sheet [Abstract]
Deferred income taxes				180
Total current assets				1,026
Other non-current assets				230
Total assets				7,538
Total Short-Term & Long-Term Debt				3,891
Deferred income taxes				350
Total liabilities				5,355
Total liabilities and equity				7,538
Simplifying the Presentation of Debt Issuance Costs
Adjusted 2014 Indebtedness Tables [Abstract]
Effect of Accounting Principle Adoption				55
Simplifying the Presentation of Debt Issuance Costs | Deferred Income Taxes [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				0
Simplifying the Presentation of Debt Issuance Costs | Total Current Assets [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				0
Simplifying the Presentation of Debt Issuance Costs | Other Noncurrent Assets [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				(55)
Simplifying the Presentation of Debt Issuance Costs | Assets, Total [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				(55)
Simplifying the Presentation of Debt Issuance Costs | Long-term Debt [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				(55)
Simplifying the Presentation of Debt Issuance Costs | Deferred Income Taxes, Liabilities [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				0
Simplifying the Presentation of Debt Issuance Costs | Liabilities, Total [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				(55)
Simplifying the Presentation of Debt Issuance Costs | Total Liabilities and Equity [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				(55)
Balance Sheet Classification of Deferred Taxes | Deferred Income Taxes [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				(180)
Balance Sheet Classification of Deferred Taxes | Total Current Assets [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				(180)
Balance Sheet Classification of Deferred Taxes | Other Noncurrent Assets [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				1
Balance Sheet Classification of Deferred Taxes | Assets, Total [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				(179)
Balance Sheet Classification of Deferred Taxes | Long-term Debt [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				0
Balance Sheet Classification of Deferred Taxes | Deferred Income Taxes, Liabilities [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				(179)
Balance Sheet Classification of Deferred Taxes | Liabilities, Total [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				(179)
Balance Sheet Classification of Deferred Taxes | Total Liabilities and Equity [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Effect of Accounting Principle Adoption				(179)
Adjusted Balance
Adjusted 2014 Indebtedness Tables [Abstract]
Long-term debt, net of debt issuance costs and discount				3,836
Restated 2014 Consolidated Balance Sheet [Abstract]
Deferred income taxes				0
Total current assets				846
Other non-current assets				176
Total assets				7,304
Deferred income taxes				171
Total liabilities				5,121
Total liabilities and equity				7,304
Secured Debt [Member] | Term Loan B Facility
Adjusted 2014 Indebtedness Tables [Abstract]
Long-term debt, net of discount				1,871
Long-term debt, gross		1,867	[2]	1,887
Long-term debt, net of debt issuance costs and discount	[2]	1,839
Secured Debt [Member] | Term Loan B Facility | Simplifying the Presentation of Debt Issuance Costs
Adjusted 2014 Indebtedness Tables [Abstract]
Effect of Accounting Principle Adoption				18
Long-term debt, net of debt issuance costs and discount				1,853
Secured Debt [Member] | 7.625% First Lien Notes
Adjusted 2014 Indebtedness Tables [Abstract]
Long-term debt, gross		0		593
Long-term debt, net of debt issuance costs and discount		0
Secured Debt [Member] | 7.625% First Lien Notes | Simplifying the Presentation of Debt Issuance Costs
Adjusted 2014 Indebtedness Tables [Abstract]
Effect of Accounting Principle Adoption				7
Long-term debt, net of debt issuance costs and discount				586
Secured Debt [Member] | 9.00% First and a Half Lien Notes
Adjusted 2014 Indebtedness Tables [Abstract]
Long-term debt, gross		0		196
Long-term debt, net of debt issuance costs and discount		0
Secured Debt [Member] | 9.00% First and a Half Lien Notes | Simplifying the Presentation of Debt Issuance Costs
Adjusted 2014 Indebtedness Tables [Abstract]
Effect of Accounting Principle Adoption				2
Long-term debt, net of debt issuance costs and discount				194
Senior Notes [Member]
Restated 2014 Consolidated Balance Sheet [Abstract]
Total Short-Term & Long-Term Debt		3,702		3,855
Senior Notes [Member] | Simplifying the Presentation of Debt Issuance Costs
Adjusted 2014 Indebtedness Tables [Abstract]
Long-term debt, net of debt issuance costs and discount				3,855
Senior Notes [Member] | 3.375% Senior Notes
Adjusted 2014 Indebtedness Tables [Abstract]
Long-term debt, gross		500		500
Long-term debt, net of debt issuance costs and discount		499
Senior Notes [Member] | 3.375% Senior Notes | Simplifying the Presentation of Debt Issuance Costs
Adjusted 2014 Indebtedness Tables [Abstract]
Effect of Accounting Principle Adoption				3
Long-term debt, net of debt issuance costs and discount				497
Senior Notes [Member] | 4.50% Senior Notes
Adjusted 2014 Indebtedness Tables [Abstract]
Long-term debt, gross		450		450
Long-term debt, net of debt issuance costs and discount		434
Senior Notes [Member] | 4.50% Senior Notes | Simplifying the Presentation of Debt Issuance Costs
Adjusted 2014 Indebtedness Tables [Abstract]
Effect of Accounting Principle Adoption				21
Long-term debt, net of debt issuance costs and discount				429
Senior Notes [Member] | 5.25% Senior Notes
Adjusted 2014 Indebtedness Tables [Abstract]
Long-term debt, gross		300		300
Long-term debt, net of debt issuance costs and discount		$ 297
Senior Notes [Member] | 5.25% Senior Notes | Simplifying the Presentation of Debt Issuance Costs
Adjusted 2014 Indebtedness Tables [Abstract]
Effect of Accounting Principle Adoption				4
Long-term debt, net of debt issuance costs and discount				$ 296
[1]	Not included in this table, the Company had $134 million of outstanding letters of credit at December 31, 2015, of which $53 million was under the synthetic letter of credit facility with a rate of 4.25% and $81 million was under the unsecured letter of credit facility with a rate of 2.98%.
[2]	The Term Loan B Facility provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to the Term Loan B Facility is based on, at the Company’s option, (a) adjusted LIBOR plus 3.00% (with a LIBOR floor of 0.75%) or (b) JPMorgan Chase Bank, N.A.’s prime rate ("ABR") plus 2.00% (with an ABR floor of 1.75%).

Note 3. Acquisitions Acquisit52

Note 3. Acquisitions Acquisitions (Details) $ in Millions	1 Months Ended	12 Months Ended
	Aug. 31, 2014USD ($)Offices	Dec. 31, 2015USD ($)real_estate_brokerage_operations	Dec. 31, 2014USD ($)real_estate_brokerage_operations	Dec. 31, 2013USD ($)real_estate_brokerage_operations
Business Acquisition [Line Items]
Contingent consideration period		4 years
Goodwill acquired		$ 141	$ 142	$ 31
Zip Realty [Member]
Business Acquisition [Line Items]
Cash consideration paid for acquisition	$ 167
Goodwill acquired	92
Software and Fixed Assets Acquired	18
Deferred Tax Assets Acquired	46
Other Assets Acquired	6
Other Liabilities Acquired	$ 6
Number Of Offices Acquired | Offices	23
Title and Settlement Services
Business Acquisition [Line Items]
Goodwill acquired		$ 47	$ 5	0
Title and Settlement Services | TRG Business Combinations [Member]
Business Acquisition [Line Items]
Number of businesses acquired | real_estate_brokerage_operations		3	3
Cash consideration paid for acquisition		$ 34	$ 6
Liabilities established related to acquisition		37
Goodwill acquired		47	5
Other Assets Acquired		1
Company Owned Real Estate Brokerage Services
Business Acquisition [Line Items]
Goodwill acquired		$ 94	$ 86	$ 31
Company Owned Real Estate Brokerage Services | NRT Business Combinations [Member]
Business Acquisition [Line Items]
Number of businesses acquired | real_estate_brokerage_operations		13	16	15
Cash consideration paid for acquisition		$ 96	$ 44	$ 32
Liabilities established related to acquisition		13	19	4
Goodwill acquired		94	45	31
Other Assets Acquired		7	3
Other Liabilities Acquired		$ 3	1
Amortizable—Pendings and listings (f)
Business Acquisition [Line Items]
Useful Life of Pendings and Listings		5 months
Amortizable—Pendings and listings (f) | Zip Realty [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 3
Amortizable—Pendings and listings (f) | Title and Settlement Services | TRG Business Combinations [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		$ 8	1
Amortizable—Pendings and listings (f) | Company Owned Real Estate Brokerage Services | NRT Business Combinations [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		10	4
Amortizable—Other (g) | Zip Realty [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	7
Amortizable—Other (g) | Title and Settlement Services | TRG Business Combinations [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		5
Amortizable—Other (g) | Company Owned Real Estate Brokerage Services | NRT Business Combinations [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		1	8
Amortizable—Customer relationships (d) | Zip Realty [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 1
Pendings and Listings and Other Intangibles [Member] [Member] | Company Owned Real Estate Brokerage Services | NRT Business Combinations [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired				$ 5
Unamortizable—Trademarks (b) | Title and Settlement Services | TRG Business Combinations [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired		9
Unamortizable—Trademarks (b) | Company Owned Real Estate Brokerage Services | NRT Business Combinations [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired			$ 4
Unamortizable—Title plant shares (e) | Title and Settlement Services | TRG Business Combinations [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired		$ 1

Note 4. Intangible Assets Goodw

Note 4. Intangible Assets Goodwill (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Dec. 31, 2008	Dec. 31, 2007	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015
Goodwill [Roll Forward]
Goodwill Balance, beginning of period				$ 3,477	$ 3,335	$ 3,304
Goodwill acquired				141	142	31
Goodwill Balance, end of period				3,618	3,477	3,335
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Gross goodwill							$ 5,404
Accumulated impairment losses (a)	[1]						(1,786)
Balance at December 31, 2015				3,477	3,335	3,304	3,618
Goodwill and Intangible Asset Impairment [Abstract]
Goodwill and Intangible Asset Impairment		$ 1,557	$ 637
Impairment of Intangible Assets (Excluding Goodwill)		278	130
Impairment of Goodwill		$ 1,279	$ 507
Real Estate Franchise Services
Goodwill [Roll Forward]
Goodwill Balance, beginning of period				2,292	2,241	2,241
Goodwill acquired				0	51	0
Goodwill Balance, end of period				2,292	2,292	2,241
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Gross goodwill							3,315
Accumulated impairment losses (a)	[1]						(1,023)
Balance at December 31, 2015				2,292	2,241	2,241	2,292
Company Owned Real Estate Brokerage Services
Goodwill [Roll Forward]
Goodwill Balance, beginning of period				747	661	630
Goodwill acquired				94	86	31
Goodwill Balance, end of period				841	747	661
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Gross goodwill							999
Accumulated impairment losses (a)	[1]						(158)
Balance at December 31, 2015				747	661	630	841
Relocation Services
Goodwill [Roll Forward]
Goodwill Balance, beginning of period				360	360	360
Goodwill acquired				0	0	0
Goodwill Balance, end of period				360	360	360
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Gross goodwill							641
Accumulated impairment losses (a)	[1]						(281)
Balance at December 31, 2015				360	360	360	360
Title and Settlement Services
Goodwill [Roll Forward]
Goodwill Balance, beginning of period				78	73	73
Goodwill acquired				47	5	0
Goodwill Balance, end of period				125	78	73
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Gross goodwill							449
Accumulated impairment losses (a)	[1]						(324)
Balance at December 31, 2015				$ 78	$ 73	$ 73	$ 125
[1]	During the fourth quarter of 2008, the Company recorded an impairment charge of $1,557 million, which reduced intangible assets by $278 million and reduced goodwill by $1,279 million. During the fourth quarter of 2007, the Company recorded an impairment charge of $637 million, which reduced intangible assets by $130 million and reduced goodwill by $507 million.

Note 4. Intangible Assets Int54

Note 4. Intangible Assets Intangible Assets (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of indefinite-lived intangible assets		$ 756
Gross carrying amount of total other intangibles		620	$ 612
Accumulated Amortization		304	271
Net carrying amount of finite-lived and indefinite-lived intangible assets		316	341
Unamortizable—Trademarks (b)
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of indefinite-lived intangible assets	[1]	745	736
Unamortizable—Title plant shares (e)
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of indefinite-lived intangible assets	[2]	11	10
Amortizable—Franchise agreements (a)
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	[3]	2,019	2,019
Accumulated Amortization	[3]	591	524
Net carrying amount of finite-lived intangible assets	[3]	$ 1,428	1,495
Amortization period		30 years
Amortizable—License agreements (c)
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	[4]	$ 45	45
Accumulated Amortization	[4]	8	7
Net carrying amount of finite-lived intangible assets	[4]	$ 37	38
Amortization period		50 years
Amortizable—Customer relationships (d)
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	[5]	$ 530	530
Accumulated Amortization	[5]	284	256
Net carrying amount of finite-lived intangible assets	[5]	246	274
Amortizable—Pendings and listings (f)
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	[6]	3	2
Accumulated Amortization	[6]	1	2
Net carrying amount of finite-lived intangible assets	[6]	$ 2	0
Amortization period		5 months
Amortizable—Other (g)
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	[7]	$ 31	25
Accumulated Amortization	[7]	11	6
Net carrying amount of finite-lived intangible assets	[7]	$ 20	$ 19
Maximum [Member] | Amortizable—Customer relationships (d)
Finite-Lived Intangible Assets [Line Items]
Amortization period		20 years
Maximum [Member] | Amortizable—Other (g)
Finite-Lived Intangible Assets [Line Items]
Amortization period		10 years
Minimum [Member] | Amortizable—Customer relationships (d)
Finite-Lived Intangible Assets [Line Items]
Amortization period		2 years
Minimum [Member] | Amortizable—Other (g)
Finite-Lived Intangible Assets [Line Items]
Amortization period		5 years
[1]	Primarily relates to the Century 21®, Coldwell Banker®, ERA®, Corcoran®, Coldwell Banker Commercial® and Cartus tradenames, which are expected to generate future cash flows for an indefinite period of time.
[2]	Primarily relates to the Texas American Title Company title plant shares. 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.
[3]	Generally amortized over a period of 30 years.
[4]	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).
[5]	Relates to the customer relationships at the Relocation Services segment, the Title and Settlement Services segment and the Real Estate Franchise Services segment. These relationships are being amortized over a period of 2 to 20 years.
[6]	Generally amortized over a period of 5 months.
[7]	Consists of covenants not to compete which are amortized over their contract lives and other intangibles which are generally amortized over periods ranging from 5 to 10 years.

Note 4. Intangible Assets Amort

Note 4. Intangible Assets Amortization Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Finite-Lived Intangible Assets, Amortization Expense [Line Items]
Amortization of Intangible Assets	$ 117	$ 116	$ 109
Expected amortization expense for 2016	102
Expected amortization expense for 2017	95
Expected amortization expense for 2018	94
Expected amortization expense for 2019	93
Expected amortization expense for 2020	91
Expected amortization expense thereafter	1,258
Amortizable—Franchise agreements (a)
Schedule of Finite-Lived Intangible Assets, Amortization Expense [Line Items]
Amortization of Intangible Assets	67	67	67
Amortizable—License agreements (c)
Schedule of Finite-Lived Intangible Assets, Amortization Expense [Line Items]
Amortization of Intangible Assets	1	1	1
Amortizable—Customer relationships (d)
Schedule of Finite-Lived Intangible Assets, Amortization Expense [Line Items]
Amortization of Intangible Assets	28	37	37
Amortizable—Pendings and listings (f)
Schedule of Finite-Lived Intangible Assets, Amortization Expense [Line Items]
Amortization of Intangible Assets	16	8	3
Amortizable—Other (g)
Schedule of Finite-Lived Intangible Assets, Amortization Expense [Line Items]
Amortization of Intangible Assets	$ 5	$ 3	$ 1

Note 5. Franchising and Marke56

Note 5. Franchising and Marketing Activities Franchising and Marketing Activities (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)Brokerage_Offices	Dec. 31, 2014USD ($)franchisedandcompanyownedoffices	Dec. 31, 2013USD ($)franchisedandcompanyownedoffices	Dec. 31, 2015franchisedandcompanyownedoffices	Dec. 31, 2012franchisedandcompanyownedoffices
Franchisor Disclosure [Line Items]
Initial franchise and area development fees | $	$ 8	$ 9	$ 12
Annual volume incentives from Real Estate Franchisees | $	51	$ 50	$ 48
Franchised:
Franchisor Disclosure [Line Items]
Number of offices		12,769	13,032	12,771	12,880
Franchised: | Century 21®
Franchisor Disclosure [Line Items]
Number of offices		6,902	7,109	6,897
Franchised: | ERA®
Franchisor Disclosure [Line Items]
Number of offices		2,304	2,314	2,355
Franchised: | Coldwell Banker®
Franchisor Disclosure [Line Items]
Number of offices		2,396	2,489	2,258
Franchised: | Coldwell Banker Commercial®
Franchisor Disclosure [Line Items]
Number of offices		167	195	163
Franchised: | Sotheby’s International Realty®
Franchisor Disclosure [Line Items]
Number of offices		717	666	794
Franchised: | Better Homes and Gardens® Real Estate
Franchisor Disclosure [Line Items]
Number of offices		283	259	304
Company Owned:
Franchisor Disclosure [Line Items]
Royalty expense | $	$ 284	$ 269	$ 265
Number of offices	790	727	706	787	712
Company Owned: | ERA®
Franchisor Disclosure [Line Items]
Number of offices		0	11	0
Company Owned: | Coldwell Banker®
Franchisor Disclosure [Line Items]
Number of offices		651	631	708
Company Owned: | Sotheby’s International Realty®
Franchisor Disclosure [Line Items]
Number of offices		39	32	41
Company Owned: | Corcoran Other [Member]
Franchisor Disclosure [Line Items]
Number of offices		37	32	38

Note 5. Franchising and Marke57

Note 5. Franchising and Marketing Activities Change in the Number of Franchised and Company Owned Outlets (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2015USD ($)Brokerage_Offices	Dec. 31, 2015USD ($)franchisedandcompanyownedoffices	Dec. 31, 2014USD ($)franchisedandcompanyownedoffices	Dec. 31, 2013USD ($)franchisedandcompanyownedoffices
Franchised:
Change in Number of Franchised and Company Owned Outlets [Roll Forward]
Beginning balance			12,769	13,032	12,880
Additions			445	311	478
Terminations/Closures			(443)	(574)	(326)
Ending balance			12,771	12,769	13,032
Company Owned:
Change in Number of Franchised and Company Owned Outlets [Roll Forward]
Beginning balance			727	706	712
Additions			74	38	15
Terminations/Closures			(14)	(17)	(21)
Ending balance		790	787	727	706
Franchisee Conversion Notes and Development Advance Notes [Member]
Change in Number of Franchised and Company Owned Outlets [Roll Forward]
Franchise conversion and development advance notes | $	$ 115	$ 115	$ 115	$ 97
Allowance for franchise conversion and development advance notes | $	1	$ 1	$ 1	1
Forgiveness of franchise conversion and development advance notes | $	$ 17			$ 15	$ 11

Note 6. Property and Equipmen58

Note 6. Property and Equipment, Net Property and Equipment, Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 768	$ 698
Less: accumulated depreciation	(514)	(465)
Property and equipment, net	254	233	$ 205
Depreciation and amortization expense	84	74	$ 67
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	242	224
Capitalized software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	310	288
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	213	183
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3	$ 3

Note 7. Accrued Expenses And 59

Note 7. Accrued Expenses And Other Current Liabilities Accrued Expenses And Other Current Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Accrued payroll and related employee costs	$ 140	$ 120
Accrued volume incentives	34	32
Accrued commissions	29	21
Restructuring accruals	9	3
Deferred income	73	73
Accrued interest	13	44
Contingent consideration for acquisitions	27	10
Other	123	108
Accrued expenses and other current liabilities	$ 448	$ 411

Note 8. Short And Long-Term D60

Note 8. Short And Long-Term Debt Schedule of Total Indebtedness (Details) - USD ($) $ in Millions		Dec. 31, 2015		Dec. 31, 2014
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount		$ 2,962		$ 3,836
Securitization obligations		247		269
Line of Credit [Member] | Revolving Credit Facility
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Line of credit facility outstanding amount		200	[1],[2]	0
Securitization obligations
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Securitization obligations		247		269
Securitization obligations | Apple Ridge Funding LLC
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Securitization obligations		238	[3],[4]	255
Securitization obligations | Cartus Financing Limited
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Securitization obligations		9	[4],[5]	14
Secured Debt [Member] | Term Loan B Facility
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount	[6]	1,839
Secured Debt [Member] | Term Loan A Facility
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount		433	[7]	0
Secured Debt [Member] | 7.625% First Lien Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount		0
Secured Debt [Member] | 9.00% First and a Half Lien Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount		0
Senior Notes [Member]
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Total Short-Term & Long-Term Debt		3,702		3,855
Senior Notes [Member] | 3.375% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount		499
Senior Notes [Member] | 4.50% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount		434
Senior Notes [Member] | 5.25% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount		$ 297
Simplifying the Presentation of Debt Issuance Costs | Secured Debt [Member] | Term Loan B Facility
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount				1,853
Simplifying the Presentation of Debt Issuance Costs | Secured Debt [Member] | 7.625% First Lien Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount				586
Simplifying the Presentation of Debt Issuance Costs | Secured Debt [Member] | 9.00% First and a Half Lien Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount				194
Simplifying the Presentation of Debt Issuance Costs | Senior Notes [Member]
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount				3,855
Simplifying the Presentation of Debt Issuance Costs | Senior Notes [Member] | 3.375% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount				497
Simplifying the Presentation of Debt Issuance Costs | Senior Notes [Member] | 4.50% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount				429
Simplifying the Presentation of Debt Issuance Costs | Senior Notes [Member] | 5.25% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt, net of debt issuance costs and discount				$ 296
[1]	As of December 31, 2015, the Company had $815 million of borrowing capacity under its Revolving Credit Facility leaving $615 million of available capacity. On February 19, 2016, the Company had $200 million outstanding borrowings on the Revolving Credit Facility and no outstanding letters of credit on such facility, leaving $615 million of available capacity.
[2]	Interest rates with respect to revolving loans under the Term Loan A Facility at December 31, 2015 were based on, at the Company’s option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00%.
[3]	As of December 31, 2015, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $87 million of available capacity.
[4]	Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[5]	Consists of a £20 million revolving loan facility and a £5 million working capital facility. As of December 31, 2015, the Company had $38 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $29 million of available capacity.
[6]	The Term Loan B Facility provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to the Term Loan B Facility is based on, at the Company’s option, (a) adjusted LIBOR plus 3.00% (with a LIBOR floor of 0.75%) or (b) JPMorgan Chase Bank, N.A.’s prime rate ("ABR") plus 2.00% (with an ABR floor of 1.75%).
[7]	The Term Loan A Facility provides for quarterly amortization payments, commencing March 31, 2016, totaling per annum 5%, 5%, 7.5%, 10.0% and 12.5% of the original principal amount of the Term Loan A Facility in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the new Term Loan A Facility are based on, at the Company's option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00%.

Note 8. Short And Long-Term D61

Note 8. Short And Long-Term Debt Schedule of Debt (Details) - USD ($) $ in Millions		9 Months Ended	12 Months Ended
		Sep. 30, 2015	Dec. 31, 2015		Feb. 19, 2016	Oct. 23, 2015		Oct. 16, 2015	Jun. 10, 2015	Dec. 31, 2014	Mar. 05, 2013
Principal
Long-term debt, gross	[1]		$ 3,999
Securitization obligations			247							$ 269
Unamortized Discount and Debt Issuance Costs
Unamortized Discount and Debt Issuance Costs	[1]		50
Net
Long-term debt, net of debt issuance costs and discount			2,962							3,836
Long-Term Debt, net of Debt Issuance Costs, including current and non-current amounts	[1]		3,949
Outstanding letter of credit			$ 134
Synthetic Letter of Credit Facility [Member]
Net
Interest Rate			4.25%
Outstanding letter of credit			$ 53							53
Annual percentage of original principal amount for quarterly amortization payments		1.00%
Unsecured Letter of Credit Facility [Member]
Net
Interest Rate			2.98%
Outstanding letter of credit			$ 81
LIBOR [Member]
Net
Description of variable interest rate basis			LIBOR
ABR [Member]
Net
Description of variable interest rate basis			ABR
Securitization obligations
Principal
Securitization obligations			$ 247							269
Revolving Credit Facility | Subsequent Event [Member]
Net
Outstanding letter of credit					$ 0
Revolving Credit Facility | Line of Credit [Member]
Principal
Line of credit facility outstanding amount			200	[2],[3]						0
Net
Total capacity, short-term debt, line of credit facility			815			$ 815					$ 475
Available capacity, line or credit facility			$ 615
Revolving Credit Facility | Line of Credit [Member] | Subsequent Event [Member]
Principal
Line of credit facility outstanding amount					200
Net
Available capacity, line or credit facility					$ 615
Term Loan B Facility | LIBOR [Member]
Net
Debt Instrument, basis spread on variable rate			3.00%
Debt Instrument, basis spread on variable rate, floor			0.75%
Term Loan B Facility | ABR [Member]
Net
Description of variable interest rate basis		ABR
Debt Instrument, basis spread on variable rate			2.00%
Debt Instrument, basis spread on variable rate, floor			1.75%
Term Loan B Facility | Secured Debt [Member]
Principal
Long-term debt, gross			$ 1,867	[4]						1,887
Unamortized Discount and Debt Issuance Costs
Unamortized Discount and Debt Issuance Costs	[4]		28
Net
Long-term debt, net of debt issuance costs and discount	[4]		$ 1,839
Annual percentage of original principal amount for quarterly amortization payments			1.00%
Term Loan A Facility | Secured Debt [Member]
Principal
Long-term debt, gross			$ 435	[5]		$ 435	[5]			0
Unamortized Discount and Debt Issuance Costs
Unamortized Discount and Debt Issuance Costs	[5]		2
Net
Long-term debt, net of debt issuance costs and discount			$ 433	[5]						0
Term Loan A Facility | Secured Debt [Member] | 2016
Net
Annual percentage of original principal amount for quarterly amortization payments			5.00%
Term Loan A Facility | Secured Debt [Member] | 2017
Net
Annual percentage of original principal amount for quarterly amortization payments			5.00%
Term Loan A Facility | Secured Debt [Member] | 2018
Net
Annual percentage of original principal amount for quarterly amortization payments			7.50%
Term Loan A Facility | Secured Debt [Member] | 2019
Net
Annual percentage of original principal amount for quarterly amortization payments			10.00%
Term Loan A Facility | Secured Debt [Member] | 2020
Net
Annual percentage of original principal amount for quarterly amortization payments			12.50%
3.375% Senior Notes | Senior Notes [Member]
Principal
Long-term debt, gross			$ 500							500
Unamortized Discount and Debt Issuance Costs
Unamortized Discount and Debt Issuance Costs			1
Net
Long-term debt, net of debt issuance costs and discount			$ 499
Interest Rate			3.375%
4.50% Senior Notes | Senior Notes [Member]
Principal
Long-term debt, gross			$ 450							450
Unamortized Discount and Debt Issuance Costs
Unamortized Discount and Debt Issuance Costs			16
Net
Long-term debt, net of debt issuance costs and discount			$ 434
Interest Rate			4.50%
5.25% Senior Notes | Senior Notes [Member]
Principal
Long-term debt, gross			$ 300							300
Unamortized Discount and Debt Issuance Costs
Unamortized Discount and Debt Issuance Costs			3
Net
Long-term debt, net of debt issuance costs and discount			$ 297
Interest Rate			5.25%
Apple Ridge Funding LLC | Securitization obligations
Principal
Securitization obligations			$ 238	[6],[7]						255
Net
Total capacity, securitization obligations			325					$ 375	$ 325
Available capacity, debt			87
Cartus Financing Limited | Securitization obligations
Principal
Securitization obligations			9	[7],[8]						$ 14
Net
Total capacity, securitization obligations			38
Available capacity, debt			$ 29
[1]	Not included in this table, the Company had $134 million of outstanding letters of credit at December 31, 2015, of which $53 million was under the synthetic letter of credit facility with a rate of 4.25% and $81 million was under the unsecured letter of credit facility with a rate of 2.98%.
[2]	As of December 31, 2015, the Company had $815 million of borrowing capacity under its Revolving Credit Facility leaving $615 million of available capacity. On February 19, 2016, the Company had $200 million outstanding borrowings on the Revolving Credit Facility and no outstanding letters of credit on such facility, leaving $615 million of available capacity.
[3]	Interest rates with respect to revolving loans under the Term Loan A Facility at December 31, 2015 were based on, at the Company’s option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00%.
[4]	The Term Loan B Facility provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to the Term Loan B Facility is based on, at the Company’s option, (a) adjusted LIBOR plus 3.00% (with a LIBOR floor of 0.75%) or (b) JPMorgan Chase Bank, N.A.’s prime rate ("ABR") plus 2.00% (with an ABR floor of 1.75%).
[5]	The Term Loan A Facility provides for quarterly amortization payments, commencing March 31, 2016, totaling per annum 5%, 5%, 7.5%, 10.0% and 12.5% of the original principal amount of the Term Loan A Facility in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the new Term Loan A Facility are based on, at the Company's option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00%.
[6]	As of December 31, 2015, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $87 million of available capacity.
[7]	Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[8]	Consists of a £20 million revolving loan facility and a £5 million working capital facility. As of December 31, 2015, the Company had $38 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $29 million of available capacity.

Note 8. Short And Long-Term D62

Note 8. Short And Long-Term Debt Debt Maturities Table (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Debt Maturities Table [Abstract]
Long-term Debt Maturities, Years Presented	5 years
2,016	$ 541
2,017	41
2,018	52
2,019	513
2,020	$ 2,105

Note 8. Short And Long-Term D63

Note 8. Short And Long-Term Debt Senior Secured Credit Facility (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2015	Oct. 23, 2015	Dec. 31, 2014	Mar. 10, 2014	Mar. 05, 2013
Debt Instrument [Line Items]
Letter of credit borrowing capacity		$ 125	$ 125
Outstanding letter of credit		$ 134
Additional Credit Facilities						$ 500
Scenario, Actual [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio		2.58
Ratio of Indebtedness to Net Capital Denominator		1
Maximum [Member] | Required Covenant Ratio to Receive Additional Credit Facilities [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio		3.50
Ratio of Indebtedness to Net Capital Denominator		1
Maximum [Member] | Required Covenant Ratio [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio		4.75
Ratio of Indebtedness to Net Capital Denominator		1
LIBOR [Member]
Debt Instrument [Line Items]
Description of variable interest rate basis		LIBOR
ABR [Member]
Debt Instrument [Line Items]
Description of variable interest rate basis		ABR
Synthetic Letter of Credit Facility [Member]
Debt Instrument [Line Items]
Letter of credit borrowing capacity		$ 54
Annual percentage of original principal amount for quarterly amortization payments	1.00%
Outstanding letter of credit		$ 53		$ 53
Revolving Credit Facility under Term Loan A Facility [Member]
Debt Instrument [Line Items]
Debt Maturity		5 years
Term Loan B Facility | LIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		3.00%
Debt Instrument, basis spread on variable rate, floor		0.75%
Term Loan B Facility | ABR [Member]
Debt Instrument [Line Items]
Description of variable interest rate basis	ABR
Debt Instrument, basis spread on variable rate		2.00%
Debt Instrument, basis spread on variable rate, floor		1.75%
Secured Debt [Member] | Term Loan B Facility
Debt Instrument [Line Items]
Principal amount of long-term debt					$ 1,905
Annual percentage of original principal amount for quarterly amortization payments		1.00%
Line of Credit [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility borrowing capacity		$ 815	$ 815			$ 475
Line of Credit [Member] | Revolving Credit Facility | Greater than 3.50 to 1.00 [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.50%
Line of Credit [Member] | Revolving Credit Facility | Greater than 3.50 to 1.00 [Member] | ABR [Member]
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.50%
Line of Credit [Member] | Revolving Credit Facility | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.25%
Line of Credit [Member] | Revolving Credit Facility | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 [Member] | ABR [Member]
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.25%
Line of Credit [Member] | Revolving Credit Facility | Less than 2.50 to 1.00 [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.00%
Line of Credit [Member] | Revolving Credit Facility | Less than 2.50 to 1.00 [Member] | ABR [Member]
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.00%

Note 8. Short And Long-Term D64

Note 8. Short And Long-Term Debt Term Loan A Facility (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015		Oct. 23, 2015		Dec. 31, 2014	Mar. 05, 2013
Debt Instrument [Line Items]
Long-term debt, gross	[1]	$ 3,999
Additional Credit Facilities							$ 500
Term Loan A Facility
Debt Instrument [Line Items]
Debt Maturity		5 years
Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Long-term debt, gross		$ 435	[2]	$ 435	[2]	$ 0
Additional Credit Facilities				$ 500
Maximum [Member] | Required Covenant Ratio to Receive Additional Credit Facilities [Member]
Debt Instrument [Line Items]
Ratio of Indebtedness to Net Capital		3.50
Ratio of Indebtedness to Net Capital Denominator		1
Maximum [Member] | Required Covenant Ratio to Receive Additional Credit Facilities [Member] | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Ratio of Indebtedness to Net Capital		3.50
LIBOR [Member] | Greater than 3.50 to 1.00 [Member] | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.50%
LIBOR [Member] | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 [Member] | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.25%
LIBOR [Member] | Less than 2.50 to 1.00 [Member] | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.00%
ABR [Member] | Greater than 3.50 to 1.00 [Member] | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.50%
ABR [Member] | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 [Member] | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.25%
ABR [Member] | Less than 2.50 to 1.00 [Member] | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.00%
2016 | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		5.00%
2017 | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		5.00%
2018 | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		7.50%
2019 | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		10.00%
2020 | Secured Debt [Member] | Term Loan A Facility
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		12.50%
[1]	Not included in this table, the Company had $134 million of outstanding letters of credit at December 31, 2015, of which $53 million was under the synthetic letter of credit facility with a rate of 4.25% and $81 million was under the unsecured letter of credit facility with a rate of 2.98%.
[2]	The Term Loan A Facility provides for quarterly amortization payments, commencing March 31, 2016, totaling per annum 5%, 5%, 7.5%, 10.0% and 12.5% of the original principal amount of the Term Loan A Facility in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the new Term Loan A Facility are based on, at the Company's option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00%.

Note 8. Short And Long-Term D65

Note 8. Short And Long-Term Debt First Lien Notes (Details) - Secured Debt [Member] - 7.625% First Lien Notes - USD ($) $ in Millions	Dec. 31, 2015	Oct. 23, 2015
Debt Instrument [Line Items]
Interest Rate	7.625%
Debt Instrument, Repurchase Amount		$ 593
Payment for Repurchase of Debt including Accrued Interest and Premium		$ 638

Note 8. Short And Long-Term D66

Note 8. Short And Long-Term Debt First and a Half Lien Notes (Details) - Secured Debt [Member] - 9.00% First and a Half Lien Notes - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2015	Nov. 30, 2015	Feb. 02, 2012
Debt Instrument [Line Items]
Interest Rate			9.00%
Debt Instrument, Repurchase Amount		$ 196
Debt Redemption Premium	105.49%
Payment for Repurchase of Debt including Accrued Interest and Premium		$ 213

Note 8. Short And Long-Term D67

Note 8. Short And Long-Term Debt Unsecured Notes (Details) - Senior Notes [Member]	Dec. 31, 2015
3.375% Senior Notes
Debt Instrument [Line Items]
Interest Rate	3.375%
4.50% Senior Notes
Debt Instrument [Line Items]
Interest Rate	4.50%
5.25% Senior Notes
Debt Instrument [Line Items]
Interest Rate	5.25%

Note 8. Short And Long-Term D68

Note 8. Short And Long-Term Debt Other Debt Facilities (Details) - USD ($) $ in Millions	1 Months Ended
	Aug. 31, 2015	Dec. 31, 2015	Oct. 23, 2015	Dec. 31, 2014
Line of Credit Facility [Line Items]
Letter of credit borrowing capacity		$ 125	$ 125
Outstanding letter of credit		134
Unsecured Letter of Credit Facility [Member]
Line of Credit Facility [Line Items]
Increase in borrowing capacity	$ 7
Letter of credit borrowing capacity		88		$ 81
Outstanding letter of credit		81
June 2017 [Member] | Unsecured Letter of Credit Facility [Member]
Line of Credit Facility [Line Items]
Letter of credit borrowing capacity		81
September 2018 [Member] | Unsecured Letter of Credit Facility [Member]
Line of Credit Facility [Line Items]
Letter of credit borrowing capacity		$ 7

Note 8. Short And Long-Term D69

Note 8. Short And Long-Term Debt Securitization Obligations (Details) £ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)		Dec. 31, 2014USD ($)	Dec. 31, 2015GBP (£)	Oct. 16, 2015USD ($)	Jun. 10, 2015USD ($)
Debt Instrument [Line Items]
Securitization obligations	$ 247		$ 269
Securitization obligations
Debt Instrument [Line Items]
Securitization obligations	247		269
Relocation receivables and other related relocation assets that collateralize securitization obligations	281		286
Interest expense on securitization obligations	$ 6		$ 6
Weighted average interest rate on securitization obligations	2.10%		2.30%	2.10%
Apple Ridge Funding LLC | Securitization obligations
Debt Instrument [Line Items]
Total capacity, securitization obligations	$ 325				$ 375	$ 325
Securitization obligations	238	[1],[2]	$ 255
Cartus Financing Limited | Securitization obligations
Debt Instrument [Line Items]
Total capacity, securitization obligations	38
Securitization obligations	$ 9	[2],[3]	$ 14
Revolving Credit Facility | Cartus Financing Limited | Securitization obligations
Debt Instrument [Line Items]
Total capacity, securitization obligations | £				£ 20
Working Capital Facility [Member] | Cartus Financing Limited | Securitization obligations
Debt Instrument [Line Items]
Total capacity, securitization obligations | £				£ 5
[1]	As of December 31, 2015, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $87 million of available capacity.
[2]	Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[3]	Consists of a £20 million revolving loan facility and a £5 million working capital facility. As of December 31, 2015, the Company had $38 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $29 million of available capacity.

Note 8. Short And Long-Term D70

Note 8. Short And Long-Term Debt Loss on the Early Extinguishment of Debt and Write-Off of Deferred Financing Costs (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
Loss on the early extinguishment of debt	$ 48	$ 20	$ 17	$ 10	$ 48	$ 47	$ 68
Write off of Deferred Debt Issuance Cost						$ 3	$ 2

Note 9. Employee Benefit Plan71

Note 9. Employee Benefit Plans Changes in Benefit Obligations and Plan Assets Table (Details) - Defined Benefit Pension Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net Periodic Benefit Cost
Net periodic pension cost		$ (1)
Interest cost	$ 6	6
Actuarial loss	2	1
Expected return on plan assets	(8)	(8)
Benefit Obligations
Benefit Obligation	149	164
Fair value of plan assets	106	114
Underfunded at end of year	43	$ 50
Maximum [Member]
Net Periodic Benefit Cost
Net periodic pension cost	$ 1

Note 9. Employee Benefit Plan72

Note 9. Employee Benefit Plans Estimated Future Funding (Details) - Defined Benefit Pension Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Expected Future Benefit Payments, Fiscal Year Maturity
2,016		$ 9
2,017		9
2,018		9
2,019		10
2,020		10
2021 through 2025		$ 49
Scenario, Forecast [Member]
Expected Future Benefit Payments, Fiscal Year Maturity
Estimated minimum funding required during 2016	$ 3

Note 9. Employee Benefit Plan73

Note 9. Employee Benefit Plans Fair Value of Plan Assets by Category (Details) - Defined Benefit Pension Plan - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 106	$ 114
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2	1
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	74	71
Bond funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	30	42
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2	1
Fair Value, Inputs, Level 1 [Member] | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2	1
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 1 [Member] | Bond funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	104	113
Fair Value, Inputs, Level 2 [Member] | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	74	71
Fair Value, Inputs, Level 2 [Member] | Bond funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	30	42
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Inputs, Level 3 [Member] | Bond funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0

Note 9. Employee Benefit Plan74

Note 9. Employee Benefit Plans Other Employee Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Employee Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Benefit Obligation	$ 7	$ 8
Defined Contribution Savings Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension and Other Postretirement Benefit Expense	$ 14	$ 12	$ 10

Note 10. Income Taxes Pre-tax I

Note 10. Income Taxes Pre-tax Income (Loss) for Domestic and Foreign Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Domestic	$ 290	$ 230	$ 192
Foreign	8	4	9
Pretax income (loss)	$ 298	$ 234	$ 201

Note 10. Income Taxes Income 76

Note 10. Income Taxes Income Tax Provision (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current:
Federal	$ 8	$ 5	$ 4
State	3	1	0
Foreign	3	4	3
Current Income Tax Expense (Benefit)	14	10	7
Deferred:
Federal	91	76	(241)
State	4	1	(8)
Foreign	1	0	0
Deferred Income Tax Expense (Benefit)	96	77	(249)
Income tax expense (benefit)	$ 110	$ 87	$ (242)

Note 10. Income Taxes Reconcili

Note 10. Income Taxes Reconciliation of Effective Tax Rate (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
Federal statutory rate	35.00%	35.00%	35.00%
State and local income taxes, net of federal tax benefits	2.00%	5.00%	2.00%
Permanent differences	1.00%	2.00%	(1.00%)
Net change in valuation allowance	1.00%	(3.00%)	(157.00%)
Other	(2.00%)	(2.00%)	1.00%
Effective income tax rate	37.00%	37.00%	(120.00%)

Note 10. Income Taxes Deferred

Note 10. Income Taxes Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Deferred income tax assets:
Net operating loss carryforwards		$ 654	$ 810
Tax credit carryforwards		28	17
Accrued liabilities		123	103
Minimum pension obligation		23	24
Provision for doubtful accounts		18	22
Liability for unrecognized tax benefits		6	8
Deferred Tax Assets, Derivative Instruments		11	6
Other		1	0
Total deferred tax assets		864	990
Less: valuation allowance		(11)	(10)
Total deferred income tax assets after valuation allowance		853	980
Deferred income tax liabilities:
Depreciation and amortization		1,105	1,122
Change in tax return accounting methods		9	18
Prepaid expenses		2	2
Undistributed foreign earnings		2	6
Basis difference in investment in joint ventures		1	2
Total deferred tax liabilities		1,119	1,150
Net deferred income tax liabilities		(266)	(170)
Deferred Tax Assets, Net, Classification [Abstract]
Deferred Tax Assets, non-current		1	1
Deferred income taxes		267	171
Net deferred income tax liabilities		(266)	$ (170)
Operating Loss Carryforwards		1,650
Excess tax deductions not reflected in NOL deferred tax assets		11
Amount equity will be reduced by when NOL deferred tax assets are realized		$ 4
Decrease in the valuation allowance amount	$ 341

Note 10. Income Taxes Accountin

Note 10. Income Taxes Accounting for Uncertainty in Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits	$ 106	$ 113	$ 111	$ 78
Unrecognized Tax Benefits that Would Impact Effective Tax Rate				34
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit				$ 3
Unrecognized Tax Benefits, Statute of Limitations, Scheduled Expiration as of Reporting Date	12 months
Increase (Decrease) in Interest Accrued for Unrecognized Tax Benefits	$ 1		2
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns
Unrecognized Tax Benefits, Beginning of Period	106	113	111
Gross increases—tax positions in prior periods		1	7
Gross decreases—tax positions in prior periods	(4)	(8)
Gross increases—tax positions in current period	1	3	3
Settlements	(23)	(1)	(3)
Reduction due to lapse of statute of limitations	(2)	(2)	(5)
Unrecognized Tax Benefits, End of Period	$ 78	$ 106	$ 113

Note 10. Income Taxes Tax Shari

Note 10. Income Taxes Tax Sharing Agreement (Details)	Dec. 31, 2015
Cendant Corporate Litigation [Member]
Guaranty Arrangement Percentage of Obligations Assumed by Realogy	62.50%

Note 11. Restructuring Costs 81

Note 11. Restructuring Costs Restructuring Costs (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Dec. 31, 2015	Sep. 30, 2014	Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2013
Restructuring Reserve [Roll Forward]
Restructuring costs, net		$ 10	$ (1)	$ 10		$ (1)	$ 4
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015		10	$ (1)	10		(1)	4
2015-2016 Business Optimization Plan [Member]
Restructuring Reserve [Roll Forward]
Balance at October 1, 2015		0
Restructuring costs, net		10		10
Costs paid or otherwise settled		(1)
Balance at December 31, 2015		9		9
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		37		37
Amount incurred in 2015		10		10
Total amount remaining to be incurred		27		27
2015-2016 Business Optimization Plan [Member] | Real Estate Franchise Services
Restructuring Reserve [Roll Forward]
Restructuring costs, net				0
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		2		2
Amount incurred in 2015				0
Total amount remaining to be incurred		2		2
2015-2016 Business Optimization Plan [Member] | Company Owned Real Estate Brokerage Services
Restructuring Reserve [Roll Forward]
Restructuring costs, net				5
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		20		20
Amount incurred in 2015				5
Total amount remaining to be incurred		15		15
2015-2016 Business Optimization Plan [Member] | Relocation Services
Restructuring Reserve [Roll Forward]
Restructuring costs, net				1
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		8		8
Amount incurred in 2015				1
Total amount remaining to be incurred		7		7
2015-2016 Business Optimization Plan [Member] | Title and Settlement Services
Restructuring Reserve [Roll Forward]
Restructuring costs, net				0
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		1		1
Amount incurred in 2015				0
Total amount remaining to be incurred		1		1
2015-2016 Business Optimization Plan [Member] | Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net				4
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		6		6
Amount incurred in 2015				4
Total amount remaining to be incurred		2		2
2014 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net						(1)
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015						(1)
2013 Corporate Headquarters Relocation [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net							4
Costs paid or otherwise settled				(4)
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015							4
2013 Corporate Headquarters Relocation [Member] | Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net				4
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015				4
Personnel-related costs | 2015-2016 Business Optimization Plan [Member]
Restructuring Reserve [Roll Forward]
Balance at October 1, 2015		0
Restructuring costs, net		3		3	[1]
Costs paid or otherwise settled		0
Balance at December 31, 2015		3		3
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		17		17
Amount incurred in 2015		3		3	[1]
Total amount remaining to be incurred		14		14
Personnel-related costs | 2014 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net	[1]					0
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015	[1]					0
Personnel-related costs | 2013 Corporate Headquarters Relocation [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net	[1]						0
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015	[1]						0
Facility-related costs | 2015-2016 Business Optimization Plan [Member]
Restructuring Reserve [Roll Forward]
Balance at October 1, 2015		0
Restructuring costs, net		3		3	[2]
Costs paid or otherwise settled		0
Balance at December 31, 2015		3		3
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		13		13
Amount incurred in 2015		3		3	[2]
Total amount remaining to be incurred		10		10
Facility-related costs | 2014 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net	[2]					(1)
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015	[2]					(1)
Facility-related costs | 2013 Corporate Headquarters Relocation [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net	[2]						3
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015	[2]						3
Accelerated depreciation related to asset disposals | 2015-2016 Business Optimization Plan [Member]
Restructuring Reserve [Roll Forward]
Balance at October 1, 2015		0
Restructuring costs, net		0		0
Costs paid or otherwise settled		0
Balance at December 31, 2015		0		0
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		1		1
Amount incurred in 2015		0		0
Total amount remaining to be incurred		1		1
Accelerated depreciation related to asset disposals | 2014 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net						0
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015						0
Accelerated depreciation related to asset disposals | 2013 Corporate Headquarters Relocation [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net							1
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015							1
Other restructuring costs | 2015-2016 Business Optimization Plan [Member]
Restructuring Reserve [Roll Forward]
Balance at October 1, 2015		0
Restructuring costs, net		4		4	[3]
Costs paid or otherwise settled		(1)
Balance at December 31, 2015		3		3
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		6		6
Amount incurred in 2015		4		4	[3]
Total amount remaining to be incurred		$ 2		$ 2
Other restructuring costs | 2014 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net	[3]					0
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015	[3]					$ 0
Other restructuring costs | 2013 Corporate Headquarters Relocation [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net	[3]						0
Restructuring and Related Cost, Expected Cost [Abstract]
Amount incurred in 2015	[3]						$ 0
[1]	Personnel-related costs consist of severance costs provided to employees who have been terminated and duplicate payroll costs during transition.
[2]	Facility-related costs consist of costs associated with planned facility closures such as contract termination costs, lease payments that will continue to be incurred under the contract for its remaining term without economic benefit to the Company and other facility and employee relocation related costs.
[3]	Other restructuring costs consist of costs related to professional fees, consulting fees and other costs associated with restructuring activities.

Note 12. Stock-Based Compensa82

Note 12. Stock-Based Compensation Introduction Narrative (Details) shares in Millions	12 Months Ended
	Dec. 31, 2015Performance_metricsshares	Dec. 31, 2014Performance_metrics
Retirement Eligibility Age	65 years
Retirement Eligibility Age with Ten Years of Service	55 years
Retirement Eligibility Years Tenure	10 years
Retirement Eligibility Service Requirement	1 year
Shares authorized for issuance under the plan (in shares) | shares	9.6
Shares available for future grant under the plan (in shares) | shares	1.4
Options
Stock options vesting period	4 years
Contractual Term	10 years
Annual Vesting Percentage	25.00%
Performance Share Units
Stock options vesting period	3 years
Restricted Stock Units
Stock options vesting period	3 years
Annual Vesting Percentage	33.33%
2014 | Performance Share Units
Stock options vesting period		3 years
Number of performance metrics		2
2014 | Debt and EBITDA Margin Metrics [Member] | Minimum [Member] | Performance Share Units
Award Vesting Percentage		0.00%
2014 | Debt and EBITDA Margin Metrics [Member] | Maximum [Member] | Performance Share Units
Award Vesting Percentage		200.00%
2015 | Performance Share Units
Stock options vesting period	3 years
Number of performance metrics	2
The first performance metric	1
2015 | RTSR [Member] | Minimum [Member] | Performance Share Units
Award Vesting Percentage	0.00%
2015 | RTSR [Member] | Maximum [Member] | Performance Share Units
Award Vesting Percentage	175.00%
2015 | Cumulative Free Cash Flow [Member] | Minimum [Member] | Performance Share Units
Award Vesting Percentage	0.00%
2015 | Cumulative Free Cash Flow [Member] | Maximum [Member] | Performance Share Units
Award Vesting Percentage	200.00%

Note 12. Stock-Based Compensa83

Note 12. Stock-Based Compensation Incentive Equity Awards Activity - Summary of Market Performance Units Valuation Assumptions (Details) - RTSR [Member] - Performance Share Units	12 Months Ended
	Dec. 31, 2015$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 41.08
Weighted average correlation coefficient	0.57
Weighted average risk-free interest rate	1.00%
Weighted average dividend yield	0.00%
XHB [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average expected volatility	21.10%
Realogy and comparable companies [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average expected volatility	25.10%

Note 12. Stock-Based Compensa84

Note 12. Stock-Based Compensation Incentive Equity Awards Activity - Summary of Restricted Stock, Restricted Stock Unit, and Performance Unit Activity (Details) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares
Restricted Stock
Equity Instruments Other than Options, Number of Shares Roll Forward
Unvested at January 1, 2015 | shares	90
Granted | shares	0
Vested (a) | shares	(90)	[1]
Forfeited/Expired | shares	0
Unvested at December 31, 2015 | shares	0
Equity Instruments Other than Options, Weighted Average Grant Date Fair Value Roll Forward
Unvested at January 1, 2015 | $ / shares	$ 27.14
Granted | $ / shares	0
Vested (a) | $ / shares	27.14	[1]
Forfeited/Expired | $ / shares	0
Unvested at December 31, 2015 | $ / shares	$ 0
Fair Value of Shares Vested in Period | $	$ 2
Restricted Stock Units
Equity Instruments Other than Options, Number of Shares Roll Forward
Unvested at January 1, 2015 | shares	740
Granted | shares	630
Vested (a) | shares	(310)	[1]
Forfeited/Expired | shares	(40)
Unvested at December 31, 2015 | shares	1,020
Equity Instruments Other than Options, Weighted Average Grant Date Fair Value Roll Forward
Unvested at January 1, 2015 | $ / shares	$ 45.83
Granted | $ / shares	46.40
Vested (a) | $ / shares	45.13	[1]
Forfeited/Expired | $ / shares	46.31
Unvested at December 31, 2015 | $ / shares	$ 46.36
Fair Value of Shares Vested in Period | $	$ 14
Performance Share Units
Equity Instruments Other than Options, Number of Shares Roll Forward
Unvested at January 1, 2015 | shares	370	[2]
Granted | shares	520	[2]
Vested (a) | shares	(30)	[2],[3]
Unvested at December 31, 2015 | shares	860	[2]
Equity Instruments Other than Options, Weighted Average Grant Date Fair Value Roll Forward
Unvested at January 1, 2015 | $ / shares	$ 46.63
Granted | $ / shares	43.69
Vested (a) | $ / shares	43.72	[3]
Unvested at December 31, 2015 | $ / shares	$ 44.97
Fair Value of Shares Vested in Period | $	$ 1
[1]	(a)The total fair value of restricted stock and restricted stock units which vested during the year ended December 31, 2015 was $2 million and $14 million, respectively.
[2]	(a)The PSU amounts in the table are shown at the target amount of the award.
[3]	(b)The total fair value of PSUs which vested during the year ended December 31, 2015 was approximately $1 million.

Note 12. Stock-Based Compensa85

Note 12. Stock-Based Compensation Incentive Equity Awards Activity - Summary of Stock Options Valuation Assumptions (Details) - Options - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value Assumptions
Weighted average grant date fair value	$ 17.66	$ 18.35	$ 19.78
Weighted average expected volatility	36.10%	41.50%	43.60%
Weighted average expected term (years)	6 years 3 months	6 years 3 months	6 years 3 months
Weighted average risk-free interest rate	1.60%	1.40%	1.70%
Weighted average dividend yield	0.00%	0.00%	0.00%

Note 12. Stock-Based Compensa86

Note 12. Stock-Based Compensation Incentive Equity Awards Activity - Summary of Option Activity (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2013
Options, Weighted Average Exercise Price Roll Forward
Intrinsic value of options exercised		$ 5
Proceeds from exercise of stock options		5		$ 6	$ 5
Intrinsic value of outstanding options		$ 31
Weighted average remaining contractual life of outstanding options		6 years 7 months
Options
Options, Number of Shares Roll Forward
Outstanding at January 1, 2015		3,220,000
Granted		180,000
Exercised (a) (b)	[1],[2]	(210,000)
Forfeited/Expired		(40,000)
Outstanding at December 31, 2015 (c)		3,150,000	[3]	3,220,000
Options, Weighted Average Exercise Price Roll Forward
Outstanding at January 1, 2015		$ 30.02
Granted		46.45
Exercised (a) (b)	[1],[2]	22.09
Forfeited/Expired		32.48
Outstanding at December 31, 2015 (c)		$ 31.42	[3]	$ 30.02
[1]	(a)The intrinsic value of options exercised during the year ended December 31, 2015 was $5 million.
[2]	(b)Cash received from options exercised during the year ended December 31, 2015 was $5 million.
[3]	(c)Options outstanding at December 31, 2015 had an intrinsic value of $31 million and have a weighted average remaining contractual life of 6.6 years.

Note 12. Stock-Based Compensa87

Note 12. Stock-Based Compensation Summary of Exercisable Stock Options (Details) - Options $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares
Exercisable Stock Options, Additional Disclosures
Weighted Average Remaining Contractual Term	7 years 5 months
$15.00 to $50.00
Exercisable Stock Options, Additional Disclosures
Options Vested (a) | shares	1,980	[1]
Weighted Average Exercise Price | $ / shares	$ 24.93
Aggregate Intrinsic Value | $	$ 24,700
$50.00 and above
Exercisable Stock Options, Additional Disclosures
Options Vested (a) | shares	90	[1]
Weighted Average Exercise Price | $ / shares	$ 140.86
Aggregate Intrinsic Value | $	$ 0
[1]	(a)Exercisable stock options as of December 31, 2015 have a weighted average remaining contractual life of 7.4 years.

Note 12. Stock-Based Compensa88

Note 12. Stock-Based Compensation Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Unrecognized compensation cost	$ 40
Remaining weighted average period	1 year 2 months
Stock-based compensation expense	$ 57	$ 41	$ 19

Note 12. Stock-Based Compensa89

Note 12. Stock-Based Compensation Phantom Value Plan and Bonus Plan (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Oct. 31, 2012	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jan. 05, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 57	$ 41	$ 19
RCIV [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Original amount of Convertible Notes converted into common stock	$ 1,338
Phantom Plan Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate amount of initial grants of incentive awards granted to executives under the Phantom Value Plan					$ 22
Phantom Value Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of additional awards received if executive elects to receive shares in lieu of cash under the Phantom Value Plan					0.00%
Stock-based compensation expense			2	47
Phantom Value Plan [Member] | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense				42
Phantom Value Plan [Member] | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 2	$ 5

Note 13. Separation Adjustmen90

Note 13. Separation Adjustments, Transactions with Former Parent and Subsidiaries and Related Parties Transfer of Cendant Corporate Liabilities and Issuance of Guarantees to Cendant and Affiliates (Details) $ in Millions	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jul. 31, 2006Independent_Companies
Related Party Transaction [Line Items]
Cendant Spin-off Number of New Independent Companies			4
Number of New Independent Companies per Cendant Business Unit			1
Due to former parent | $	$ 31	$ 51
Cendant Corporate Litigation [Member]
Related Party Transaction [Line Items]
Guaranty Arrangement Percentage of Obligations Assumed by Realogy	62.50%

Note 14. Commitments And Cont91

Note 14. Commitments And Contingencies Litigation and Tax Matters (Details) - Cendant Corporate Litigation [Member]	Dec. 31, 2015
Loss Contingencies [Line Items]
Guaranty Arrangement Percentage of Obligations Assumed by Realogy	62.50%
Guaranty Arrangement Percentage of Obligations Assumed by Wyndham	37.50%

Note 14. Commitments And Cont92

Note 14. Commitments And Contingencies Contingent Liability Letter of Credit (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Line of Credit Facility [Line Items]
Outstanding letter of credit	$ 134
Contingent liabilities of former parent, aggregate value	30
Synthetic Letter of Credit Facility [Member]
Line of Credit Facility [Line Items]
Outstanding letter of credit	$ 53	$ 53

Note 14. Commitments And Cont93

Note 14. Commitments And Contingencies Escrow and Trust Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Loss Contingencies [Line Items]
Escrow and trust deposits	$ 308,000	$ 251,000
Maximum [Member]
Loss Contingencies [Line Items]
Cash, FDIC Insured Amount	$ 250

Note 14. Commitments And Cont94

Note 14. Commitments And Contingencies Future Minimum Lease Payments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,016	$ 151
2,017	125
2,018	93
2,019	72
2,020	53
Thereafter	179
Total future minimum operating lease payments due	673
Capital lease obligations	26	$ 19
Imputed interest	2	1
Rent expense	$ 179	$ 166	$ 165

Note 14. Commitments And Cont95

Note 14. Commitments And Contingencies Purchase Commitments and Minimum Licensing Fees (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Purchase Obligation, Fiscal Year Maturity [Abstract]
2,016	$ 49
2,017	18
2,018	9
2,019	6
2,020	6
Thereafter	235
Total purchase obligations	323
Long-term Purchase Commitment [Line Items]
Purchase commitments	58
Sotheby’s International Realty®
Long-term Purchase Commitment [Line Items]
Licensing fees	2
Meredith Corporation [Member] | Minimum [Member]
Long-term Purchase Commitment [Line Items]
Licensing fees	0.5
Meredith Corporation [Member] | Maximum [Member]
Long-term Purchase Commitment [Line Items]
Licensing fees	$ 4

Note 14. Commitments And Cont96

Note 14. Commitments And Contingencies Other Guarantees, Insurance and Self-Insurance (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Loss Contingencies [Line Items]
Insurance liabilities	$ 31,000	$ 27,000
Self insurance accruals	19,000	$ 21,000
Maximum [Member]
Loss Contingencies [Line Items]
Guarantees, gross	13,000
Fidelity Insurance [Member]
Loss Contingencies [Line Items]
Insurance deductible	750
Fidelity Insurance [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Insurance liabilities	30,000
Company Owned Real Estate Brokerage Services | Errors and Omissions Insurance [Member]
Loss Contingencies [Line Items]
Insurance liabilities	15,000
Insurance deductible	1,000
Company Owned Real Estate Brokerage Services | Errors and Omissions Insurance including additional Realogy Group Coverage
Loss Contingencies [Line Items]
Insurance deductible	1,000
Company Owned Real Estate Brokerage Services | Errors and Omissions Insurance including additional Realogy Group Coverage | Maximum [Member]
Loss Contingencies [Line Items]
Insurance liabilities	50,000
Realogy Group | Errors and Omissions Insurance [Member]
Loss Contingencies [Line Items]
Insurance deductible	2,500
Realogy Group | Errors and Omissions Insurance [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Insurance liabilities	35,000
Title and Settlement Services | Maximum [Member]
Loss Contingencies [Line Items]
Underwriter of title insurance policies, value, per policy	1,500
Title and Settlement Services | Minimum [Member]
Loss Contingencies [Line Items]
Underwriter of title insurance policy, reinsurance policy obtained from national underwriter, value per policy	$ 1,500

Note 15. Equity (Deficit) Accum

Note 15. Equity (Deficit) Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Beginning of Period Balance		$ (35)
Income tax (expense) benefit		0	$ (11)	$ 9
Current period change		(1)	(16)	12
Accumulated Other Comprehensive Income (Loss), End of Period Balance		(36)	(35)
Amortization of actuarial loss to periodic pension cost		(2)	(1)	(2)
Currency Translation Adjustments (1)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Beginning of Period Balance	[1]	0	2	2
Other comprehensive income (loss) before reclassifications	[1]	(4)	(4)	0
Amounts reclassified from accumulated other comprehensive income	[1]	0	0	0
Income tax (expense) benefit	[1]	1	2	0
Current period change	[1]	(3)	(2)	0
Accumulated Other Comprehensive Income (Loss), End of Period Balance	[1]	(3)	0	2
Minimum Pension Liability Adjustment | Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Beginning of Period Balance		(35)	(21)	(33)
Other comprehensive income (loss) before reclassifications		1	(24)	19
Amounts reclassified from accumulated other comprehensive income	[2]	2	1	2
Income tax (expense) benefit		(1)	9	(9)
Current period change		2	(14)	12
Accumulated Other Comprehensive Income (Loss), End of Period Balance		(33)	(35)	(21)
Accumulated Other Comprehensive Loss (2)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Beginning of Period Balance	[3]	(35)	(19)	(31)
Other comprehensive income (loss) before reclassifications	[3]	(3)	(28)	19
Amounts reclassified from accumulated other comprehensive income	[3]	2	1	2
Income tax (expense) benefit	[3]	0	11	(9)
Current period change	[3]	(1)	(16)	12
Accumulated Other Comprehensive Income (Loss), End of Period Balance	[3]	$ (36)	$ (35)	$ (19)
[1]	Assets and liabilities of foreign subsidiaries having non-U.S. dollar functional currencies are translated at exchange rates at the balance sheet dates and equity accounts are translated at historical spot rates. Revenues and expenses are translated at average exchange rates during the periods presented. The gains or losses resulting from translating foreign currency financial statements into U.S. dollars are included in accumulated other comprehensive income (loss). Gains or losses resulting from foreign currency transactions are included in the Consolidated Statement of Operations.
[2]	These reclassifications include the amortization of actuarial loss to periodic pension cost of $2 million, $1 million and $2 million for the years ended December 31, 2015, 2014 and 2013, respectively. These amounts were reclassified from accumulated other comprehensive income to the general and administrative expenses line on the statement of operations.
[3]	As of December 31, 2015, the Company does not have any after-tax components of accumulated other comprehensive loss attributable to noncontrolling interests.

Note 15. Equity (Deficit) State

Note 15. Equity (Deficit) Statement of Equity (Deficit) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Equity Table [Line Items]
Balance		$ 2,183	$ 2,013	$ 1,519
Net income		188	147	443
Other comprehensive income		(1)	(16)	12
Dividends		(4)	(4)	(5)
Capital contributions from noncontrolling interests			1
Balance		2,422	2,183	2,013
Realogy Group [Member]
Statement of Equity Table [Line Items]
Balance		2,183	2,013	1,519
Net income		188	147	443
Other comprehensive income		(1)	(16)	12
Contributions from Realogy Holdings		5	6	5
Stock-based compensation		51	36	39
Dividends		(4)	(4)	(5)
Balance		2,422	2,183	2,013
Common Stock
Statement of Equity Table [Line Items]
Balance		1	1	1
Balance		1	1	1
Common Stock | Realogy Group [Member]
Statement of Equity Table [Line Items]
Balance		0	0	0
Balance		0	0	0
Additional Paid-In Capital
Statement of Equity Table [Line Items]
Balance		5,677	5,635	5,591
Balance		5,733	5,677	5,635
Additional Paid-In Capital | Realogy Group [Member]
Statement of Equity Table [Line Items]
Balance		5,678	5,636	5,592
Contributions from Realogy Holdings		5	6	5
Stock-based compensation		51	36	39
Balance		5,734	5,678	5,636
Accumulated Deficit
Statement of Equity Table [Line Items]
Balance		(3,464)	(3,607)	(4,045)
Net income		184	143	438
Balance		(3,280)	(3,464)	(3,607)
Accumulated Deficit | Realogy Group [Member]
Statement of Equity Table [Line Items]
Balance		(3,464)	(3,607)	(4,045)
Net income		184	143	438
Balance		(3,280)	(3,464)	(3,607)
Accumulated Other Comprehensive Loss
Statement of Equity Table [Line Items]
Balance		(35)	(19)	(31)
Other comprehensive income	[1]	(1)	(16)	12
Balance		(36)	(35)	(19)
Accumulated Other Comprehensive Loss | Realogy Group [Member]
Statement of Equity Table [Line Items]
Balance		(35)	(19)	(31)
Other comprehensive income		(1)	(16)	12
Balance		(36)	(35)	(19)
Non- controlling Interests
Statement of Equity Table [Line Items]
Balance		4	3	3
Net income		4	4	5
Dividends		(4)	(4)	(5)
Balance		4	4	3
Non- controlling Interests | Realogy Group [Member]
Statement of Equity Table [Line Items]
Balance		4	3	3
Net income			4	5
Dividends		(4)	(4)	(5)
Capital contributions from noncontrolling interests			1
Balance		$ 4	$ 4	$ 3
[1]	As of December 31, 2015, the Company does not have any after-tax components of accumulated other comprehensive loss attributable to noncontrolling interests.

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended															12 Months Ended
		Dec. 31, 2015	Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Net income attributable to Realogy Holdings shareholders		$ 9	$ 110		$ 97		$ (32)		$ 21		$ 100		$ 68		$ (46)		$ 184	$ 143	$ 438
Basic weighted average shares																	146.5	146	145.4
Stock options, restricted stock, restricted stock units and performance share units (a)	[1]																1.6	1.2	1.2
Weighted average diluted shares																	148.1	147.2	146.6
Earnings Per Share, Basic		$ 0.06	$ 0.75	[2]	$ 0.66	[2]	$ (0.22)	[2]	$ 0.14	[3]	$ 0.68	[3]	$ 0.47	[3]	$ (0.32)	[3]	$ 1.26	$ 0.98	$ 3.01
Earnings Per Share, Diluted		$ 0.06	$ 0.74	[2]	$ 0.66	[2]	$ (0.22)	[2]	$ 0.14	[3]	$ 0.68	[3]	$ 0.46	[3]	$ (0.32)	[3]	$ 1.24	$ 0.97	$ 2.99
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount																	3.5	3.3	2.8
[1]	Excludes 3.5 million, 3.3 million and 2.8 million shares of common stock issuable for incentive equity awards for the years ended December 31, 2015, 2014 and 2013, respectively, which includes performance share units based on the achievement of target amounts that are anti-dilutive to the diluted earnings per share computation.
[2]	Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS (see Note 16 "Earnings Per Share" for further information).
[3]	Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS.

Interest Rate, Credit, and Mark

Interest Rate, Credit, and Market Risk Exposures (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Principal value of variable rate long term debt	$ 2,502
Securitization obligations	$ 247	$ 269
Company Owned Real Estate Brokerage Services | California [Member]
Concentration risk, geographic area, revenue	27.00%	28.00%	28.00%
Company Owned Real Estate Brokerage Services | New York [Member]
Concentration risk, geographic area, revenue	23.00%	24.00%	24.00%
Company Owned Real Estate Brokerage Services | Florida [Member]
Concentration risk, geographic area, revenue	10.00%	10.00%	10.00%
Minimum [Member]
Fixed interest rate of swaps	2.07%
Maximum [Member]
Fixed interest rate of swaps	2.89%
Swap [Member] | Interest rate swap contracts
Notional value of derivative instrument	$ 1,475
Swap [Member] | Interest rate swap contracts | Not Designated as Hedging Instruments | Other non-current liabilities
Fair value of interest rate derivative liabilities	47	$ 40
Securitization obligations
Securitization obligations	$ 247	$ 269

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest rate swap contracts | Swap [Member]
Derivative [Line Items]
Notional value of derivative instrument	$ 1,475
Foreign exchange contracts
Derivative [Line Items]
Notional value of derivative instrument	33	$ 27
Maximum [Member] | Foreign exchange contracts
Derivative [Line Items]
Fair value of derivative instrument	1	1
Not Designated as Hedging Instruments | Interest expense | Interest rate swap contracts | Swap [Member]
Derivative [Line Items]
(Gain) or Loss Recognized on Derivatives	20	32	$ (4)
Not Designated as Hedging Instruments | Operating expense | Foreign exchange contracts | Forward Contracts [Member]
Derivative [Line Items]
(Gain) or Loss Recognized on Derivatives	(2)	(3)	$ 0
Other non-current liabilities | Not Designated as Hedging Instruments | Interest rate swap contracts | Swap [Member]
Derivative [Line Items]
Fair value of interest rate derivative liabilities	47	$ 40
July 2012 [Member]
Derivative [Line Items]
Notional value of derivative instrument	225
January 2013 [Member]
Derivative [Line Items]
Notional value of derivative instrument	200
August 2015 [Member]
Derivative [Line Items]
Notional value of derivative instrument	600
November 2017 [Member]
Derivative [Line Items]
Notional value of derivative instrument	$ 450

Financial Instruments (Details)

Financial Instruments (Details) - Fair Value Measurements Recurring Member - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets (included in other non-current assets)	$ 3	$ 2
Level I
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets (included in other non-current assets)	3	2
Level II
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets (included in other non-current assets)	0	0
Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets (included in other non-current assets)	0	0
Interest rate swap contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps (included in other current and non-current liabilities)	47	40
Interest rate swap contracts | Level I
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps (included in other current and non-current liabilities)	0	0
Interest rate swap contracts | Level II
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps (included in other current and non-current liabilities)	47	40
Interest rate swap contracts | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps (included in other current and non-current liabilities)	$ 0	$ 0

Fair Value Indebtedness Table (

Fair Value Indebtedness Table (Details) - USD ($) $ in Millions		Dec. 31, 2015		Oct. 23, 2015	[4]	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, gross	[1]	$ 3,999
Securitization obligations		247				$ 269
Secured Debt [Member] | Term Loan B Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, gross		1,867	[2]			1,887
Fair value of long-term debt	[3]	1,849				1,834
Secured Debt [Member] | Term Loan A Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, gross		435	[4]	$ 435		0
Fair value of long-term debt	[3]	426				0
Secured Debt [Member] | 7.625% First Lien Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, gross		0				593
Fair value of long-term debt	[3]	0				633
Secured Debt [Member] | 9.00% First and a Half Lien Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, gross		0				196
Fair value of long-term debt	[3]	0				215
Senior Notes [Member] | 3.375% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, gross		500				500
Fair value of long-term debt	[3]	500				500
Senior Notes [Member] | 4.50% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, gross		450				450
Fair value of long-term debt	[3]	464				449
Senior Notes [Member] | 5.25% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, gross		300				300
Fair value of long-term debt	[3]	308				291
Line of Credit [Member] | Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of credit facility outstanding amount		200	[5],[6]			0
Line of credit facility fair value	[3]	200				0
Securitization obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securitization obligations		247				269
Fair value of securitization obligations	[3]	$ 247				$ 269
[1]	Not included in this table, the Company had $134 million of outstanding letters of credit at December 31, 2015, of which $53 million was under the synthetic letter of credit facility with a rate of 4.25% and $81 million was under the unsecured letter of credit facility with a rate of 2.98%.
[2]	The Term Loan B Facility provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to the Term Loan B Facility is based on, at the Company’s option, (a) adjusted LIBOR plus 3.00% (with a LIBOR floor of 0.75%) or (b) JPMorgan Chase Bank, N.A.’s prime rate ("ABR") plus 2.00% (with an ABR floor of 1.75%).
[3]	The fair value of the Company's indebtedness is categorized as Level I.
[4]	The Term Loan A Facility provides for quarterly amortization payments, commencing March 31, 2016, totaling per annum 5%, 5%, 7.5%, 10.0% and 12.5% of the original principal amount of the Term Loan A Facility in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the new Term Loan A Facility are based on, at the Company's option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00%.
[5]	As of December 31, 2015, the Company had $815 million of borrowing capacity under its Revolving Credit Facility leaving $615 million of available capacity. On February 19, 2016, the Company had $200 million outstanding borrowings on the Revolving Credit Facility and no outstanding letters of credit on such facility, leaving $615 million of available capacity.
[6]	Interest rates with respect to revolving loans under the Term Loan A Facility at December 31, 2015 were based on, at the Company’s option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00%.

Reconciliation of Revenue from

Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	$ 1,325	$ 1,668	$ 1,651	$ 1,062	$ 1,278	$ 1,531	$ 1,512	$ 1,007	$ 5,706		$ 5,328		$ 5,289
Real Estate Franchise Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	177	214	213	151	177	199	196	144	755	[1],[2]	716	[1],[2]	690	[1],[2]
Real Estate Franchise Services | Royalties and Marketing Fees [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues									295		283		277
Company Owned Real Estate Brokerage Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	992	1,267	1,289	796	971	1,175	1,182	750	4,344	[1],[2]	4,078	[1],[2]	3,990	[1],[2]
Relocation Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	98	124	108	85	101	125	107	86	415	[1],[2]	419	[1],[2]	419	[1],[2]
Relocation Services | Referral and Relocation Fees [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues									49		42		43
Title and Settlement Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	125	147	128	87	98	111	108	81	487	[1],[2]	398	[1],[2]	467	[1],[2]
Corporate and Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	$ (67)	$ (84)	$ (87)	$ (57)	$ (69)	$ (79)	$ (81)	$ (54)	$ (295)	[1],[2],[3]	$ (283)	[1],[2],[3]	$ (277)	[1],[2],[3]
[1]	Revenues for the Relocation Services segment include intercompany referral commissions paid by the Company Owned Real Estate Brokerage Services segment of $49 million for the year ended December 31, 2015, $42 million for the year ended December 31, 2014 and $43 million for the year ended December 31, 2013. Such amounts are recorded as contra-revenues by the Company Owned Real Estate Brokerage Services segment. There are no other material intersegment transactions.
[2]	Transactions between segments are eliminated in consolidation. Revenues for the Real Estate Franchise Services segment include intercompany royalties and marketing fees paid by the Company Owned Real Estate Brokerage Services segment of $295 million for the year ended December 31, 2015, $283 million for the year ended December 31, 2014 and $277 million for the year ended December 31, 2013. Such amounts are eliminated through the Corporate and Other line.
[3]	Includes the elimination of transactions between segments.

EBITDA (Details)

EBITDA (Details) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Loss on the early extinguishment of debt		$ 48				$ 20		$ 17	$ 10	$ 48	$ 47	$ 68
Stock-based compensation expense										57	41	19
Former parent legacy benefit, net			$ (14)	$ (1)		(9)	$ (2)		1	(15)	(10)	(4)
Restructuring costs, net		10					(1)			10	(1)	4
EBITDA	[1]									726	687	653
Depreciation and amortization										201	190	176
Interest expense, net										231	267	281
Income tax expense (benefit)										110	87	(242)
Net income attributable to Realogy Holdings and Realogy Group		$ 9	$ 110	$ 97	$ (32)	21	$ 100	$ 68	$ (46)	184	143	438
Real Estate Franchise Services
Segment Reporting Information [Line Items]
EBITDA	[1]									495	463	448
Depreciation and amortization										77	75	75
Company Owned Real Estate Brokerage Services
Segment Reporting Information [Line Items]
EBITDA	[1]									199	193	206
Depreciation and amortization										46	42	35
Relocation Services
Segment Reporting Information [Line Items]
EBITDA	[1]									105	102	104
Depreciation and amortization										33	43	44
Title and Settlement Services
Segment Reporting Information [Line Items]
EBITDA	[1]									48	36	50
Depreciation and amortization										25	15	11
Corporate and Other
Segment Reporting Information [Line Items]
EBITDA	[1],[2]									(121)	(107)	(155)
Depreciation and amortization										$ 20	15	11
Phantom Value Plan [Member]
Segment Reporting Information [Line Items]
Stock-based compensation expense											2	$ 47
Zip Realty [Member]
Segment Reporting Information [Line Items]
Business Acquisition, Transaction Costs						$ 10					$ 10
[1]	Includes $48 million related to the loss on the early extinguishment of debt and restructuring charges of $10 million, partially offset by a net benefit of $15 million of former parent legacy items for the year ended December 31, 2015. Includes $47 million related to the loss on the early extinguishment of debt, $10 million of transaction and integration costs related to the ZipRealty acquisition and $2 million related to the Phantom Value Plan, partially offset by a net benefit of $10 million of former parent legacy items and the reversal of a prior year restructuring reserve of $1 million for the year ended December 31, 2014. Includes $68 million loss on the early extinguishment of debt, $47 million related to the Phantom Value Plan and $4 million of restructuring costs, partially offset by a net benefit of $4 million of former parent legacy items for the year ended December 31, 2013.
[2]	Includes the elimination of transactions between segments.

Reconciliation of Depreciation

Reconciliation of Depreciation and Amortization from Segments to Consolidated (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	$ 201	$ 190	$ 176
Real Estate Franchise Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	77	75	75
Company Owned Real Estate Brokerage Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	46	42	35
Relocation Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	33	43	44
Title and Settlement Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	25	15	11
Corporate and Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	$ 20	$ 15	$ 11

Reconciliation of Assets from S

Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 7,531	$ 7,304	$ 7,092
Real Estate Franchise Services
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	4,534	4,574
Company Owned Real Estate Brokerage Services
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,140	1,002
Relocation Services
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,126	1,155
Title and Settlement Services
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	382	308
Corporate and Other
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 349	$ 265

Reconciliation of Capital Expen

Reconciliation of Capital Expenditures from Segment to Consolidated (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	$ 84	$ 71	$ 62
Real Estate Franchise Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	8	10	6
Company Owned Real Estate Brokerage Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	41	33	29
Relocation Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	14	9	6
Title and Settlement Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	8	8	11
Corporate and Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	$ 13	$ 11	$ 10

Geographic Region (Details)

Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Net revenues	$ 1,325	$ 1,668	$ 1,651	$ 1,062	$ 1,278	$ 1,531	$ 1,512	$ 1,007	$ 5,706	$ 5,328	$ 5,289
Total assets	7,531				7,304				7,531	7,304	7,092
Net property and equipment	254				233				254	233	205
United States [Member]
Segment Reporting Information [Line Items]
Net revenues									5,579	5,201	5,167
Total assets	7,450				7,219				7,450	7,219	6,998
Net property and equipment	252				232				252	232	204
All Other Countries [Member]
Segment Reporting Information [Line Items]
Net revenues									127	127	122
Total assets	81				85				81	85	94
Net property and equipment	$ 2				$ 1				$ 2	$ 1	$ 1

Selected Quarterly Financial110

Selected Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended															12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Segment Reporting Information [Line Items]
Net revenues	$ 1,325	$ 1,668		$ 1,651		$ 1,062		$ 1,278		$ 1,531		$ 1,512		$ 1,007		$ 5,706		$ 5,328		$ 5,289
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
Income (loss) before income taxes, equity in earnings and noncontrolling interests (b)	1	182		157		(58)		19		167		116		(77)		282		225		175
Net income (loss) attributable to Realogy Holdings and Realogy Group	$ 9	$ 110		$ 97		$ (32)		$ 21		$ 100		$ 68		$ (46)		$ 184		$ 143		$ 438
Earnings Per Share, Basic and Diluted [Abstract]
Basic earnings per share	$ 0.06	$ 0.75	[1]	$ 0.66	[1]	$ (0.22)	[1]	$ 0.14	[2]	$ 0.68	[2]	$ 0.47	[2]	$ (0.32)	[2]	$ 1.26		$ 0.98		$ 3.01
Diluted earnings per share	$ 0.06	$ 0.74	[1]	$ 0.66	[1]	$ (0.22)	[1]	$ 0.14	[2]	$ 0.68	[2]	$ 0.46	[2]	$ (0.32)	[2]	$ 1.24		$ 0.97		$ 2.99
Selected Quarterly Financial Information [Abstract]
Loss on the early extinguishment of debt	$ 48							$ 20				$ 17		$ 10		$ 48		$ 47		$ 68
Former parent legacy benefit, net		$ (14)		$ (1)				(9)		$ (2)				1		(15)		(10)		(4)
Restructuring costs, net	10									(1)						10		(1)		4
Real Estate Franchise Services
Segment Reporting Information [Line Items]
Net revenues	177	214		213		$ 151		177		199		196		144		755	[3],[4]	716	[3],[4]	690	[3],[4]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
Income (loss) before income taxes, equity in earnings and noncontrolling interests (b)	92	133		127		67		91		118		117		61
Company Owned Real Estate Brokerage Services
Segment Reporting Information [Line Items]
Net revenues	992	1,267		1,289		796		971		1,175		1,182		750		4,344	[3],[4]	4,078	[3],[4]	3,990	[3],[4]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
Income (loss) before income taxes, equity in earnings and noncontrolling interests (b)	8	82		75		(28)		15		77		78		(28)
Relocation Services
Segment Reporting Information [Line Items]
Net revenues	98	124		108		85		101		125		107		86		415	[3],[4]	419	[3],[4]	419	[3],[4]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
Income (loss) before income taxes, equity in earnings and noncontrolling interests (b)	16	39		22		(1)		13		37		16		(3)
Title and Settlement Services
Segment Reporting Information [Line Items]
Net revenues	125	147		128		87		98		111		108		81		487	[3],[4]	398	[3],[4]	467	[3],[4]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
Income (loss) before income taxes, equity in earnings and noncontrolling interests (b)	5	9		16		(7)		6		11		14		(8)
Other
Segment Reporting Information [Line Items]
Net revenues	(67)	(84)		(87)		(57)		(69)		(79)		(81)		(54)		$ (295)	[3],[4],[5]	$ (283)	[3],[4],[5]	$ (277)	[3],[4],[5]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
Income (loss) before income taxes, equity in earnings and noncontrolling interests (b)	$ (120)	$ (81)		$ (83)		$ (89)		$ (106)		$ (76)		$ (109)		$ (99)
[1]	Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS (see Note 16 "Earnings Per Share" for further information).
[2]	Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS.
[3]	Revenues for the Relocation Services segment include intercompany referral commissions paid by the Company Owned Real Estate Brokerage Services segment of $49 million for the year ended December 31, 2015, $42 million for the year ended December 31, 2014 and $43 million for the year ended December 31, 2013. Such amounts are recorded as contra-revenues by the Company Owned Real Estate Brokerage Services segment. There are no other material intersegment transactions.
[4]	Transactions between segments are eliminated in consolidation. Revenues for the Real Estate Franchise Services segment include intercompany royalties and marketing fees paid by the Company Owned Real Estate Brokerage Services segment of $295 million for the year ended December 31, 2015, $283 million for the year ended December 31, 2014 and $277 million for the year ended December 31, 2013. Such amounts are eliminated through the Corporate and Other line.
[5]	Includes the elimination of transactions between segments.

Note 20. Subsequent Events S111

Note 20. Subsequent Events Subsequent Events (Details) - shares	Feb. 24, 2016	Dec. 31, 2015	Dec. 31, 2014
Subsequent Event [Line Items]
Shares of common stock outstanding		147,000,000	146,382,923
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of Shares Authorized to be Repurchased	275,000,000