Anywhere Real Estate (HOUS) 10-K 24 Feb 17 2016 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, 2016	Feb. 21, 2017	Jun. 30, 2016
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, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		139,617,861
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 4.2
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, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues
Gross commission income	$ 4,277	$ 4,288	$ 4,028
Service revenue	955	882	802
Franchise fees	372	353	333
Other	206	183	165
Net revenues	5,810	5,706	5,328
Expenses
Commission and other agent-related costs	2,945	2,931	2,755
Operating	1,542	1,458	1,350
Marketing	241	226	214
General and administrative	321	337	293
Former parent legacy benefit, net	(2)	(15)	(10)
Restructuring costs, net	39	10	(1)
Depreciation and amortization	202	201	190
Interest expense, net	174	231	267
Loss on the early extinguishment of debt	0	48	47
Other (income)/expense, net	(1)	(3)	(2)
Total expenses	5,461	5,424	5,103
Income before income taxes, equity in earnings and noncontrolling interests	349	282	225
Income tax expense	144	110	87
Equity in earnings of unconsolidated entities	(12)	(16)	(9)
Net income	217	188	147
Less: Net income attributable to noncontrolling interests	(4)	(4)	(4)
Net income attributable to Realogy Holdings and Realogy Group	$ 213	$ 184	$ 143
Earnings per share attributable to Realogy Holdings:
Basic earnings per share	$ 1.47	$ 1.26	$ 0.98
Diluted earnings per share	$ 1.46	$ 1.24	$ 0.97
Weighted average common and common equivalent shares of Realogy Holdings outstanding:
Basic	144.5	146.5	146
Diluted	145.8	148.1	147.2
Common Stock, Dividends, Per Share, Declared	$ 0.18	$ 0	$ 0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income	$ 217	$ 188	$ 147
Currency translation adjustment	(5)	(4)	(4)
Defined Benefit Plans:
Actuarial gain (loss) for the plans	(3)	1	(24)
Less: amortization of actuarial loss to periodic pension cost	(1)	(2)	(1)
Defined benefit plans	(2)	3	(23)
Other comprehensive loss, before tax	(7)	(1)	(27)
Income tax benefit related to items of other comprehensive loss amounts	(3)	0	(11)
Other comprehensive loss, net of tax	(4)	(1)	(16)
Comprehensive income	213	187	131
Less: comprehensive income attributable to noncontrolling interests	(4)	(4)	(4)
Comprehensive income attributable to Realogy Holdings and Realogy Group	$ 209	$ 183	$ 127

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 274	$ 415
Trade receivables (net of allowance for doubtful accounts of $13 and $20)	152	141
Relocation receivables	244	279
Other current assets	148	126
Total current assets	818	961
Property and equipment, net	267	254
Goodwill	3,690	3,618
Trademarks	748	745
Franchise agreements, net	1,361	1,428
Other intangibles, net	313	316
Other non-current assets	224	209
Total assets	7,421	7,531
Current liabilities:
Accounts payable	140	139
Securitization obligations	205	247
Due to former parent	28	31
Long-term Debt, Current Maturities	242	740
Accrued expenses and other current liabilities	435	448
Total current liabilities	1,050	1,605
Long-term Debt, Excluding Current Maturities	3,265	2,962
Deferred Tax Liabilities, Net, Noncurrent	389	267
Other non-current liabilities	248	275
Total liabilities	4,952	5,109
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, 2016 and December 31, 2015	0	0
Realogy Holdings common stock: $.01 par value; 400,000,000 shares authorized, 140,227,692 shares outstanding at December 31, 2016 and 146,746,537 shares outstanding at December 31, 2015	1	1
Additional paid-in capital	5,565	5,733
Accumulated deficit	(3,062)	(3,280)
Accumulated other comprehensive loss	(40)	(36)
Total stockholders' equity	2,464	2,418
Noncontrolling interests	5	4
Total equity	2,469	2,422
Total liabilities and equity	$ 7,421	$ 7,531

Consolidated Balance Sheet Pare

Consolidated Balance Sheet Parenthetical - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Allowance for doubtful accounts	$ 13	$ 20
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares outstanding	140,227,692	146,746,537
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, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Activities
Net income	$ 217	$ 188	$ 147
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	202	201	190
Deferred income taxes	124	96	77
Amortization of deferred financing costs and discount	16	18	17
Non-cash portion of the loss on the early extinguishment of debt	0	9	24
Equity in earnings of unconsolidated entities	(12)	(16)	(9)
Stock-based compensation	57	57	42
Mark-to-market adjustments on derivatives	4	18	29
Other adjustments to net income	(4)	(4)	(1)
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:
Trade receivables	(10)	(27)	4
Relocation receivables	31	17	(29)
Other assets	(22)	(25)	(5)
Accounts payable, accrued expenses and other liabilities	(15)	28	(53)
Due to former parent	(2)	(20)	(11)
Dividends received from unconsolidated entities	11	13	5
Other, net	(10)	(3)	2
Net cash provided by operating activities	587	550	429
Investing Activities
Property and equipment additions	(87)	(84)	(71)
Payments for acquisitions, net of cash acquired	(95)	(127)	(215)
Change in restricted cash	1	2	4
Other, net	(9)	0	(16)
Net cash used in investing activities	(190)	(209)	(298)
Financing Activities
Net change in revolving credit facilities	0	200	0
Repayment of amended Term Loan B Facility	(758)	0	0
Proceeds from issuance of Term Loan A Facility	0	435	0
Proceeds from issuance of Term Loan A-1Facility	355	0	0
Amortization payments on term loan facilities	(41)	(19)	(19)
Redemption of First Lien Notes	0	(593)	0
Repurchases of First and a Half Lien Notes	0	(196)	(729)
Proceeds from issuance of Senior Notes	750	0	750
Redemption of Senior Notes	(500)	0	0
Net change in securitization obligations	(40)	(21)	17
Debt transaction costs	(16)	(10)	(44)
Repurchase of common stock	195	0	0
Dividends paid on common stock	26	0	0
Proceeds from exercise of stock options	2	5	6
Taxes paid related to net share settlement for stock-based compensation	(6)	(6)	(6)
Payments of Contingent Consideration	26	8	4
Other, net	(34)	(24)	(23)
Net cash used in financing activities	(535)	(237)	(52)
Effect of changes in exchange rates on cash and cash equivalents	(3)	(2)	(2)
Net increase (decrease) in cash and cash equivalents	(141)	102	77
Cash and cash equivalents, beginning of period	415	313	236
Cash and cash equivalents, end of period	274	415	313
Supplemental Disclosure of Cash Flow Information
Interest payments (including securitization interest of $6 for each period presented)	181	244	249
Income tax payments, net	24	17	10
Securitization Interest	$ 6	$ 6	$ 6

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, 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)
Capital contributions from noncontrolling interests	1
Balance (in shares) at at Dec. 31, 2014		146,400,000
Balance at Dec. 31, 2014	2,183	$ 1	5,677	(3,464)	(35)		4
Dividends	(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)
Balance (in shares) at at Dec. 31, 2015	146,746,537	146,700,000
Balance at Dec. 31, 2015	$ 2,422	$ 1	5,733	(3,280)	(36)		4
Dividends	(4)
Cumulative Effect of New Accounting Principle in Period of Adoption	5			5
Net income	217			213			4
Other comprehensive income	$ (4)				(4)	[1]
Stock Repurchased and Retired During Period, Shares	(6,900,000)	(6,900,000)
Stock Repurchased and Retired During Period, Value	$ (195)		(195)
Exercise of stock options (in shares)		100,000
Exercise of stock options	2		2
Stock-based compensation	57		57
Issuance of shares for vesting of restricted stock awards, net of forfeitures		500,000
Shares withheld for taxes on equity awards (in shares)		(200,000)
Shares withheld for taxes on equity awards	(6)		(6)
Dividends, Common Stock, Cash	$ (26)
Dividends							(3)
Balance (in shares) at at Dec. 31, 2016	140,227,692	140,200,000
Balance at Dec. 31, 2016	$ 2,469	$ 1	$ 5,565	$ (3,062)	$ (40)		$ 5
Dividends	$ (29)
[1]	As of December 31, 2016, 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, 2016
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, 2016 , our franchise systems had approximately 14,100 franchised and company owned offices and approximately 273,200 independent sales associates operating under our franchise and proprietary brands in the U.S. and 111 other countries and territories around the world, which included approximately 790 of our company owned and operated brokerage offices with approximately 47,500 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. In addition, we provide home buying and selling assistance to members of affinity clients. • 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, 2016
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 brands to real estate brokerage businesses that are independently owned and operated. 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. As such, marketing revenue is earned as these funds are spent. 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 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. 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 $7 million and $8 million at December 31, 2016 and 2015 , 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 $198 million , $194 million and $188 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. DEBT ISSUANCE COSTS Debt issuance costs include costs incurred in connection with obtaining debt and extending existing debt. These financing costs are presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. The debt issuance costs are to be amortized, via the effective interest method and the amortization period is the life of the related debt. 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 third quarter of 2016, the Company adopted Accounting Standards Update —Improvements to Employee Share-Based Payment Accounting , which required all income tax effects of awards to be recognized in the income statement when the awards vest or are settled on a prospective basis. Furthermore, the guidance required that income taxes paid by the Company related to the net share settlement for stock-based compensation be presented as a financing activity on the statement of cash flows and required retrospective application. 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 British Pound, Euro, Swiss Franc and Canadian Dollar. 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 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. INVESTMENTS At December 31, 2016 and 2015 , the Company had various equity method investments aggregating $66 million and $65 million , respectively, which are recorded within other non-current assets on the accompanying Consolidated Balance Sheets. Included in such investments is a 49.9% non-controlling 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 $59 million at December 31, 2016 . In connection with the joint venture, the Company recorded equity earnings related to its investment in PHH Home Loans of $8 million , $14 million and $8 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. The Company received cash dividends from PHH Home Loans of $7 million , $10 million and $3 million during the years ended December 31, 2016 , 2015 and 2014 , respectively. 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 ready for use. The net carrying value of software developed or obtained for internal use was $83 million and $79 million at December 31, 2016 and 2015 , 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 values of our goodwill and other indefinite-lived intangible assets were $3,690 million and $766 million , respectively, at December 31, 2016 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 2016 , 2015 and 2014 , 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 2016 , 2015 or 2014 . 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 2016 , 2015 or 2014 . SUPPLEMENTAL CASH FLOW INFORMATION Significant non-cash transactions in 2016 , 2015 and 2014 included $14 million , $17 million and $8 million , respectively, in capital lease additions, 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 and expected term, risk-free rate. RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS In March 2016, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") — Improvements to Employee Share-Based Payment Accounting , amending guidance related to employee share-based payment accounting. The Company elected to early adopt this ASU in the third quarter of 2016 using a modified retrospective approach, effective as if adopted the first day of the fiscal year, January 1, 2016. Adoption of the new guidance resulted in the following: • The new ASU requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled and will be applied on a prospective basis. Any excess tax benefits that were not previously recognized because the related tax deduction had not reduced current taxes payable are to be recorded on a modified retrospective basis through a cumulative effect adjustment to retained earnings as of the beginning of the period in which the new guidance is adopted. The Company recorded a cumulative increase of $5 million to its January 1, 2016 accumulated deficit balance with a corresponding decrease in deferred tax liabilities related to the prior years' unrecognized excess tax benefits. • Furthermore, the guidance requires that income taxes paid by the Company related to the net share settlement for stock-based compensation be presented as a financing activity on the statement of cash flows and requires retrospective application. The Company applied this cash flow presentation change which resulted in the reclassification of $6 million of taxes paid related to net share settlements of stock-based compensation awards from operating activities to financing activities for both the years ended December 31, 2015 and 2014. • In addition, the Company elected to account for forfeitures on share-based payment awards in compensation cost as they occur as opposed to estimating forfeitures. The cumulative impact for the forfeiture change was immaterial and was recorded as a decrease to the January 1, 2016 accumulated deficit balance. The current year impact for the change was immaterial and was recognized in the third quarter of 2016. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS The Company considers the applicability and impact of all Accounting Standards Updates. 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 August 2016, the FASB issued a new standard on classification of cash receipts and payments on the statement of cash flows intending to reduce diversity in practice on how certain transactions are classified. The new standard is effective for annual periods beginning after December 15, 2017 and will require a retrospective application at the beginning of the earliest comparative period presented in the year of adoption. The Company is currently evaluating the impact of the standard on its consolidated financial statements. In February 2016, the FASB issued its new standard on leases which requires virtually all leases to be recognized on the balance sheet. Lessees will recognize a right-of-use asset and a lease liability for all leases (other than leases that meet the definition of a short-term lease). The liability will be equal to the present value of lease payments. The asset will be based on the liability, subject to adjustment, such as for initial direct costs. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance leases. Operating leases will result in straight-line expense, similar to current operating leases, while finance leases will result in a front-loaded expense pattern, similar to current capital leases. Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines. The new standard is effective for annual periods beginning after December 15, 2018. Early adoption is permitted. The new leasing standard requires modified retrospective transition, which requires application of the new guidance at the beginning of the earliest comparative period presented in the year of adoption. The Company is currently evaluating the impact of the standard on its information systems and consolidated financial statements. In May 2014, the FASB issued a standard on revenue recognition that will impact 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 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 is currently evaluating the implementation methods and plans to adopt the new standard in the first quarter of 2018. After a thorough review of the Company's revenue streams, the Company does not expect the new standard to have a material impact on financial results as the majority of the Company's revenue is recognized at the completion of a homesale transaction which will not be impacted by the new revenue recognition guidance.

Note 3. Acquisitions Acquisitio

Note 3. Acquisitions Acquisitions (Notes)	12 Months Ended
	Dec. 31, 2016
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 . 2016 Acquisitions During the year ended December 31, 2016 , the Company acquired eleven real estate brokerage and property management operations through its wholly owned subsidiary, NRT, for aggregate cash consideration of $74 million and established $9 million of contingent consideration. These acquisitions resulted in goodwill of $52 million , customer relationships of $20 million , pendings and listings of $6 million , other intangibles of $3 million , other assets of $5 million and other liabilities of $3 million . During the year ended December 31, 2016 , the Company acquired one title and settlement operation through its wholly owned subsidiary, TRG, for cash consideration of $24 million and established $10 million of contingent consideration. This acquisition resulted in goodwill of $20 million , title plant of $7 million , pendings of $5 million , trademarks of $3 million , other intangibles of $2 million , other assets of $6 million and other liabilities of $9 million . None of the 2016 acquisitions were significant to the Company’s results of operations, financial position or cash flows individually or in the aggregate. 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. 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.

Note 4. Intangible Assets Intan

Note 4. Intangible Assets Intangible Assets (Notes)	12 Months Ended
	Dec. 31, 2016
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 Balance at January 1, 2014 $ 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 acquired — 52 — 20 72 Balance at December 31, 2016 $ 2,292 $ 893 $ 360 $ 145 $ 3,690 Goodwill and accumulated impairment summary Gross goodwill $ 3,315 $ 1,051 $ 641 $ 469 $ 5,476 Accumulated impairment losses (a) (1,023 ) (158 ) (281 ) (324 ) (1,786 ) Balance at December 31, 2016 $ 2,292 $ 893 $ 360 $ 145 $ 3,690 _______________ (a) During the fourth quarter of 2008 and 2007 the Company recorded impairment charges, which reduced goodwill by $1,279 million and $507 million , respectively. No goodwill or unamortized intangible asset impairments have been recorded since 2008. Intangible assets are as follows: As of December 31, 2016 As of December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable—Franchise agreements (a) $ 2,019 $ 658 $ 1,361 $ 2,019 $ 591 $ 1,428 Unamortizable—Trademarks (b) $ 748 $ 748 $ 745 $ 745 Other Intangibles Amortizable—License agreements (c) $ 45 $ 9 $ 36 $ 45 $ 8 $ 37 Amortizable—Customer relationships (d) 550 312 238 530 284 246 Unamortizable—Title plant shares (e) 18 18 11 11 Amortizable—Pendings and listings (f) 6 5 1 3 1 2 Amortizable—Other (g) 33 13 20 31 11 20 Total Other Intangibles $ 652 $ 339 $ 313 $ 620 $ 304 $ 316 _______________ (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, the Real Estate Franchise Services segment and our Company Owned Real Estate Services segment. These relationships are being amortized over a period of 2 to 20 years. (e) Ownership in a title plant is required to transact title insurance in certain states. The Company expects to generate future cash flows for an indefinite period of time. (f) 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, 2016 2015 2014 Franchise agreements $ 67 $ 67 $ 67 License agreements 1 1 1 Customer relationships 28 28 37 Pendings and listings 12 16 8 Other 5 5 3 Total $ 113 $ 117 $ 116 Based on the Company’s amortizable intangible assets as of December 31, 2016 , the Company expects related amortization expense to be approximately $99 million , $97 million , $96 million , $94 million , $92 million and $1,178 million in 2017 , 2018 , 2019 , 2020 , 2021 and thereafter, respectively.

Note 5. Franchising and Marketi

Note 5. Franchising and Marketing Activities Franchising and Marketing Activities (Notes)	12 Months Ended
	Dec. 31, 2016
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 , $8 million , and $9 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. In addition, franchise fee revenue is net of annual volume incentives provided to real estate franchisees of $56 million , $51 million and $50 million for the years ended December 31, 2016 , 2015 and 2014 , 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 $282 million , $284 million and $269 million for the years ended December 31, 2016 , 2015 and 2014 , 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 real estate transactions, and may be subject to certain minimum and maximum payments. NRT paid marketing fees to the Real Estate Franchise Services segment of $11 million , $11 million and $14 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. 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 offices in operation are as follows: (Unaudited) As of December 31, 2016 2015 2014 Franchised: Century 21 ® 7,330 6,897 6,902 ERA ® 2,347 2,355 2,304 Coldwell Banker ® 2,289 2,258 2,396 Coldwell Banker Commercial ® 180 163 167 Sotheby’s International Realty ® 836 794 717 Better Homes and Gardens ® Real Estate 332 304 283 Total Franchised 13,314 12,771 12,769 Company Owned: ERA ® — — — Coldwell Banker ® 708 708 651 Sotheby’s International Realty ® 41 41 39 Corcoran ® /Other 40 38 37 Total Company Owned 789 787 727 The number of franchised and company owned offices (in the aggregate) changed as follows: (Unaudited) For the Year Ended December 31, 2016 2015 2014 Franchised: Beginning balance 12,771 12,769 13,032 Additions 847 445 311 Terminations (304 ) (443 ) (574 ) Ending balance 13,314 12,771 12,769 Company Owned: Beginning balance 787 727 706 Additions 38 74 38 Closures (36 ) (14 ) (17 ) Ending balance 789 787 727 As of December 31, 2016 , there were an insignificant number of franchise agreements that were executed for which offices are not yet operating. Additionally, as of December 31, 2016 , there were an insignificant number of franchise agreements pending termination. 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 $123 million , net of less than $1 million of reserves, and $115 million , net of $1 million of reserves, at December 31, 2016 and 2015 , 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 $19 million , $17 million and $15 million for the years ended December 31, 2016 , 2015 and 2014 , respectively.

Note 6. Property and Equipment,

Note 6. Property and Equipment, Net Property and Equipment, Net (Notes)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	6. PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of: December 31, 2016 2015 Furniture, fixtures and equipment $ 254 $ 242 Capitalized software 351 310 Building and leasehold improvements 235 213 Land 3 3 Gross property and equipment 843 768 Less: accumulated depreciation (576 ) (514 ) Property and equipment, net $ 267 $ 254 The Company recorded depreciation expense related to property and equipment of $89 million , $84 million and $74 million for the years ended December 31, 2016 , 2015 and 2014 , 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, 2016
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, 2016 2015 Accrued payroll and related employee costs $ 138 $ 140 Accrued volume incentives 40 34 Accrued commissions 31 29 Restructuring accruals 14 9 Deferred income 69 73 Accrued interest 13 13 Contingent consideration for acquisitions 24 27 Other 106 123 Total accrued expenses and other current liabilities $ 435 $ 448

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, 2016
Debt Disclosure [Abstract]
Short And Long-Term Debt	SHORT AND LONG-TERM DEBT Total indebtedness is as follows: December 31, 2016 2015 Senior Secured Credit Facility: Revolving Credit Facility $ 200 $ 200 Term Loan B 1,069 1,839 Term Loan A Facility: Term Loan A 411 433 Term Loan A-1 347 — 3.375% Senior Notes — 499 4.50% Senior Notes 439 434 5.25% Senior Notes 545 297 4.875% Senior Notes 496 — Total Short-Term & Long-Term Debt $ 3,507 $ 3,702 Securitization obligations: Apple Ridge Funding LLC $ 192 $ 238 Cartus Financing Limited 13 9 Total securitization obligations $ 205 $ 247 Indebtedness Table As of December 31, 2016 , the Company’s borrowing arrangements were as follows: Interest Rate Expiration Date Principal Amount Unamortized Discount and Debt Issuance Costs Net Amount Senior Secured Credit Facility: Revolving Credit Facility (1) (2) October 2020 $ 200 $ * $ 200 Term Loan B (3) July 2022 1,094 25 1,069 Term Loan A Facility: Term Loan A (4) October 2020 413 2 411 Term Loan A-1 (5) July 2021 351 4 347 Senior Notes 4.50% April 2019 450 11 439 Senior Notes 5.25% December 2021 550 5 545 Senior Notes 4.875% June 2023 500 4 496 Securitization obligations: (6) Apple Ridge Funding LLC (7) June 2017 192 * 192 Cartus Financing Limited (8) August 2017 13 * 13 Total (9) $ 3,763 $ 51 $ 3,712 _______________ * The debt issuance costs related to our Revolving Credit Facility and securitization obligations are classified as a deferred financing asset within other assets. (1) As of December 31, 2016 , the Company had $815 million of borrowing capacity under its Revolving Credit Facility, leaving $615 million of available capacity. The revolving credit facility expires in October 2020, but is classified on the balance sheet as current due to the revolving nature of the facility. See Note 20, "Subsequent Events" for a description of the January 2017 increase of the borrowing capacity under its Revolving Credit Facility. On February 21, 2017 , the Company had $200 million outstanding borrowings on the Revolving Credit Facility, leaving $850 million of available capacity. (2) Interest rates with respect to revolving loans under the Senior Secured Credit Facility at December 31, 2016 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016 . (3) The Term Loan B provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to term loans under the Term Loan B 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% ). See Note 20, "Subsequent Events" for a description of the January 2017 refinancing of the Term Loan B. (4) The Term Loan A provides for quarterly amortization payments, which commenced 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 in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the Term Loan A 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016 . (5) The Term Loan A-1 provides for quarterly amortization payments, which commenced on September 30, 2016, totaling per annum 2.5% , 2.5% , 5% , 7.5% and 10.0% of the original principal amount of the Term Loan A-1, with the last amortization payment made on June 30, 2021. The interest rates with respect to term loans under the Term Loan A-1 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016 . (6) Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations. (7) As of December 31, 2016 , the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $133 million of available capacity. (8) Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of December 31, 2016 , the Company had $19 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $6 million of available capacity. (9) Not included in this table, the Company had $127 million of outstanding letters of credit at December 31, 2016 under the Unsecured Letter of Credit Facility with a weighted average rate of 2.93% . At December 31, 2016 the capacity of the facility was $131 million . Maturities Table As of December 31, 2016 , the combined aggregate amount of maturities for long-term borrowings, excluding securitization obligations, for each of the next five years is as follows: Year Amount 2017 (a) $ 242 2018 57 2019 527 2020 356 2021 837 _______________ (a) The current portion of long-term debt consists of four quarters of 2017 amortization payments totaling $22 million , $9 million and $11 million for the Term Loan A, Term Loan A-1 and Term Loan B facilities, respectively, as well as $200 million of revolver borrowings under the revolving credit facility which expires in October 2020, but are classified on the balance sheet as current due to the revolving nature of the facility. Senior Secured Credit Facility In July 2016, the Company entered into a third amendment to the senior secured credit agreement (the "Amended and Restated Credit Agreement"). The third amendment replaced the existing $1,858 million Term Loan B due March 2020 with a new $1,100 million Term Loan B due July 20, 2022. In addition, the Company entered into a First Amendment to the Term Loan A Agreement under which the Company borrowed a new tranche of term loans under its Term Loan A Facility ("Term Loan A-1") in the amount of $355 million with a maturity date in July 2021 (see "Term Loan A Facility" section below for more information on the issuance of the Term Loan A-1). In October 2015, Realogy Group entered into a second amendment to the senior secured credit agreement. The second amendment provided for a five -year, $815 million revolving credit facility and included a $125 million letter of credit sub-facility. In the second quarter of 2016, the Company moved outstanding letters of credit to the Unsecured Letter of Credit Facility and terminated the synthetic letter of credit facility. See the "Other Debt Facilities" section below for more information. The Amended and Restated Credit Agreement provides for: (a) a Term Loan B issued in the aggregate principal amount of $1,100 million with a maturity date of July 2022. The Term Loan B has quarterly amortization payments totaling 1% per annum of the initial aggregate principal amount. The interest rate with respect to term loans under the Term Loan B 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 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 (Covenant) 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 (Covenant) EBITDA. Total senior secured net debt does not include unsecured indebtedness, including the Unsecured Notes as well as the securitization obligations. At December 31, 2016 , Realogy Group’s senior secured leverage ratio was 2.16 to 1.00 . See Note 20, "Subsequent Events" for a description of the January 2017 debt transactions which resulted in an increase of the borrowing capacity under the Revolving Credit Facility from $815 million to $1.050 billion and the refinancing of the existing Term Loan B to reduce the interest rate from LIBOR plus 3.00% to LIBOR plus 2.25% (with a floor of 0.75% ). Term Loan A Facility In October 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 loan issued at par with a maturity date of October 23, 2020 (the “Term Loan A”) and has terms substantially similar to the Amended and Restated Credit Agreement. The Term Loan A provides for quarterly amortization payments, which commenced March 31, 2016, totaling the amount per annum equal to the following percentages of the original principal amount of the Term Loan A: 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 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% In July 2016, Realogy Group entered into a first amendment to the Term Loan A senior secured credit agreement. Under the amendment, the Company issued the Term Loan A-1 in the amount of $355 million with a maturity date in July 2021 under its existing Term Loan A Facility and on terms substantially similar to its existing Term Loan A. The Term Loan A-1 provides for quarterly amortization payments totaling 2.5% , 2.5% , 5% , 7.5% and 10.0% of the original principal amount of the Term Loan A-1, which commenced September 30, 2016 continuing through June 30, 2021. The interest rates with respect to term loans under the Term Loan A-1 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 but greater than or equal to 2.00 to 1.00 2.00% 1.00% Less than 2.00 to 1.00 1.75% 0.75% 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, 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. Unsecured Notes The 4.50% Senior Notes, 5.25% Senior Notes and 4.875% Senior Notes (each as defined below, collectively the "Unsecured Notes") are unsecured senior obligations of Realogy Group that mature on April 15, 2019, December 1, 2021 and June 1, 2023, respectively. Interest on the Unsecured Notes is payable each year semiannually on April 15 and October 15 for the 4.50% Senior Notes and June 1 and December 1 for both the 5.25% Senior Notes and 4.875% Senior Notes. In March 2016, the Company issued 5.25% Senior Notes due 2021 of $250 million (the "Additional 5.25% Senior Notes") under the same indenture as the $300 million of Realogy Group’s 5.25% Senior Notes due 2021 issued on November 21, 2014 (the "Existing 5.25% Senior Notes") (collectively the " 5.25% Senior Notes"). The Additional 5.25% Senior Notes mature on December 1, 2021 and interest on the notes is due on June 1 and December 1 of each year with the first interest payment date of June 1, 2016. The Additional 5.25% Senior Notes have identical terms, other than the issue date, the issue price and the first interest payment date, and constitute part of the same series as the Existing 5.25% Senior Notes. In the second quarter of 2016, the Company used $400 million of revolver borrowings and a portion of cash on hand to retire the $500 million of 3.375% Senior Notes at maturity. The Company also issued $500 million of 4.875% Senior Notes (the " 4.875% Senior Notes") due 2023 and used the proceeds to temporarily reduce revolver borrowings. The 4.875% Senior Notes mature on June 1, 2023 and interest on the 4.875% Notes is due on June 1 and December 1 of each year with the first interest payment date of December 1, 2016. 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. At December 31, 2016, the capacity of the facility was $131 million . The facility's expiration dates are as follows: Capacity (in millions) Expiration Date $65 September 2018 $66 December 2019 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, 2016 , $127 million of the Unsecured Letter of Credit Facility is being utilized. Securitization Obligations Realogy Group has secured obligations through Apple Ridge Funding LLC under a securitization program. In June 2016, Realogy Group extended the program until June 2017. The program has a capacity of $325 million . At December 31, 2016 , Realogy Group has $192 million of outstanding borrowings under the facility. Realogy Group, through a special purpose entity known as Cartus Financing Limited, has agreements providing for a £10 million revolving loan facility and a £5 million working capital facility, which in October 2016, Realogy Group extended the expiration of the facilities to August 2017. There are $13 million of outstanding borrowings on the facilities at December 31, 2016 . 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. 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 $238 million and $281 million of underlying relocation receivables and other related relocation assets at December 31, 2016 and 2015 , 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, 2016 and December 31, 2015 . 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 2.6% and 2.1% for the years ended December 31, 2016 and 2015 , 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.

Note 9. Employee Benefit Plans

Note 9. Employee Benefit Plans Employee Benefit Plans (Notes)	12 Months Ended
	Dec. 31, 2016
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 2016 was $1 million and is comprised of interest cost of approximately $6 million and the amortization of the actuarial net loss of $2 million partially offset by a benefit of $7 million for the expected return on assets. 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. At December 31, 2016 and 2015 , the accumulated benefit obligation of this plan was $147 million and $149 million , respectively, and the fair value of the plan assets were $104 million and $106 million , respectively, resulting in an unfunded accumulated benefit obligation of $43 million in both years, which is recorded in Other non-current liabilities in the Consolidated Balance Sheets. Estimated future benefit payments as of December 31, 2016 are as follows: Year Amount 2017 $ 9 2018 9 2019 10 2020 10 2021 10 2022 through 2026 49 The minimum funding required during 2017 is estimated to be $6 million . The following table presents the fair values of plan assets by category as of December 31, 2016 : 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 — 74 — 74 Fixed income securities — 29 — 29 Total $ 1 $ 103 $ — $ 104 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 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, 2016 and 2015 , the related projected benefit obligation for these plans accrued on the Company’s Consolidated Balance Sheets (primarily within other non-current liabilities) was $6 million and $7 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 $15 million , $14 million and $12 million for the years ended December 31, 2016 , 2015 and 2014 , respectively.

Note 10. Income Taxes Income Ta

Note 10. Income Taxes Income Taxes (Notes)	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 2014 Domestic $ 351 $ 290 $ 230 Foreign 10 8 4 Pretax income $ 361 $ 298 $ 234 The components of income tax expense consisted of the following: Year Ended December 31, 2016 2015 2014 Current: Federal $ 10 $ 8 $ 5 State 8 3 1 Foreign 2 3 4 Total current 20 14 10 Deferred: Federal 107 91 76 State 16 4 1 Foreign 1 1 — Total deferred 124 96 77 Income tax expense $ 144 $ 110 $ 87 A reconciliation of the Company’s effective income tax rate at the U.S. federal statutory rate of 35% to the actual expense was as follows: Year Ended December 31, 2016 2015 2014 Federal statutory rate 35 % 35 % 35 % State and local income taxes, net of federal tax benefits 4 2 5 Permanent differences 1 1 2 Net change in valuation allowance — 1 (3 ) Other — (2 ) (2 ) Effective tax rate 40 % 37 % 37 % 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: 2016 2015 Deferred income tax assets: Net operating loss carryforwards $ 503 $ 654 Tax credit carryforwards 41 28 Accrued liabilities 131 123 Minimum pension obligation 23 23 Provision for doubtful accounts 16 18 Liability for unrecognized tax benefits 3 6 Interest rate swaps 8 11 Other — 1 Total deferred tax assets 725 864 Less: valuation allowance (10 ) (11 ) Total deferred income tax assets after valuation allowance 715 853 Deferred income tax liabilities: Depreciation and amortization 1,099 1,105 Change in tax return accounting methods — 9 Prepaid expenses 1 2 Undistributed foreign earnings 2 2 Basis difference in investment in joint ventures 2 1 Total deferred tax liabilities 1,104 1,119 Net deferred income tax liabilities $ (389 ) $ (266 ) Deferred tax assets and deferred tax liabilities are netted by tax jurisdiction. The Net deferred income tax liability of $389 million as of December 31, 2016 is included in the accompanying Consolidated Balance Sheets with the entire $389 million in deferred income taxes (non-current liabilities). 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. As of December 31, 2016 , the Company had gross federal and state net operating loss carryforwards of $1,253 million which is net of loss carryforwards which were limited due to the October 2012 ownership change. The federal net operating loss carryforwards expire between 2022 and 2033 and the state net operating loss carryforwards expire between 2017 and 2033. 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, 2016 , the Company’s gross liability for unrecognized tax benefits was $78 million , of which $70 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 2016 tax years remain subject to examination by federal and certain state tax authorities. In significant foreign jurisdictions, tax returns for the 2008 through 2016 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 recognized a reduction of interest expense of $4 million for the year ended December 31, 2016 , a reduction of interest expense of $1 million for the year ended December 31, 2015 and no change to interest expense for the year ended December 31, 2014 . The rollforward of unrecognized tax benefits are summarized in the table below: Unrecognized tax benefits—January 1, 2014 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 Gross increases—tax positions in prior periods 3 Reduction due to lapse of statute of limitations (3 ) Unrecognized tax benefits—December 31, 2016 $ 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, 2016
Restructuring and Related Activities [Abstract]
Restructuring Costs	RESTRUCTURING COSTS The restructuring charges for the years ended December 31, 2016 and December 31, 2015 were $39 million and $10 million , respectively. The components of the restructuring charges for the years ended December 31, 2016 , 2015 and 2014 were as follows: Years Ended December 31, 2016 2015 2014 Personnel-related costs (1) $ 22 $ 3 $ — Facility-related costs (2) 10 3 (1 ) Accelerated depreciation related to asset disposals 1 — — Other restructuring costs (3) 6 4 — Total restructuring charges $ 39 $ 10 $ (1 ) _______________ (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 which are primarily included in the Corporate and Other business segment. Business Optimization Initiative During the fourth quarter of 2015, the Company began 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, outsourcing administrative services and organizational design. In the second quarter of 2016, the Company expanded the scope of restructuring activities in order to realign the Company Owned Real Estate Brokerage Services back office administration and support functions across the country. As a result of this realignment, the expected costs of activities undertaken in connection with the restructuring plan are expected to be largely incurred by mid 2017. The following is a reconciliation of the beginning and ending restructuring reserve balances for the 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 Restructuring charges 22 10 1 6 39 Costs paid or otherwise settled (16 ) (6 ) (1 ) (9 ) (32 ) Balance at December 31, 2016 $ 9 $ 7 $ — $ — $ 16 The following table shows the total restructuring costs expected to be incurred by type of cost for the Business Optimization Initiative: Total amount expected to be incurred Amount incurred to date Total amount remaining to be incurred Personnel-related costs $ 35 $ 25 $ 10 Facility-related costs 17 13 4 Accelerated depreciation related to asset disposals 2 1 1 Other restructuring costs 11 10 1 Total $ 65 $ 49 $ 16 The following table shows the total restructuring costs expected to be incurred by reportable segment for the Business Optimization Initiative: Total amount expected to be incurred Amount incurred to date Total amount remaining to be incurred Real Estate Franchise Services $ 5 $ 4 $ 1 Company Owned Real Estate Brokerage Services 40 27 13 Relocation Services 5 5 — Title and Settlement Services 1 1 — Corporate and Other 14 12 2 Total $ 65 $ 49 $ 16

Note 12. Stock-Based Compensati

Note 12. Stock-Based Compensation Stock-Based Compensation (Notes)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION The Company has stock-based compensation plans (the 2007 Stock Incentive Plan and the 2012 Long-Term Incentive Plan) under which incentive equity awards such as non-qualified stock options, rights to purchase shares of common stock, restricted stock, restricted stock units ("RSUs"), performance restricted stock units and performance share units ("PSUs") may be issued to employees, consultants and directors of Realogy. The Company's stockholders approved the Amended and Restated Long-Term Incentive Plan at the 2016 Annual Meeting of Stockholders held on May 4, 2016 (the "Amended and Restated 2012 LTIP"). The Amended and Restated 2012 LTIP increases the number of shares authorized for issuance under that plan by 9.8 million shares. The total number of shares authorized for issuance under the plans is 19.4 million shares. Awards granted under the Amended and Restated 2012 LTIP utilizing the additional 9.8 million share reserve, except options and stock appreciation rights, must be counted against the foregoing share limit on a 2.22 share to one basis for each share actually granted in connection with such award. As of December 31, 2016 , the total number of shares available for future grants under the Amended and Restated 2012 LTIP was approximately 8 million shares. The Company does not expect to issue any additional awards under the 2007 Stock Incentive Plan. 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 2015 included 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. Consistent with the 2015 long-term incentive equity awards, the 2016 awards include a mix of PSUs, RSUs (performance restricted stock units for the CEO and direct reports) and options. The 2016 PSUs are incentives that reward grantees based upon the Company's financial performance over a three -year performance period ending December 31, 2018. 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 2019. The RSUs vest over three years, with 33.33% vesting on each anniversary of the grant date. Time-vesting of the 2016 performance RSUs for the CEO and direct reports is subject to achievement of a minimum EBITDA performance goal for 2016. 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 options, RSUs and the PSUs based upon RTSR included in the 2016 long-term incentive plan were granted in February 2016. The performance RSUs and the PSUs based upon achievement of cumulative free cash flow aggregating 0.4 million shares subject to those awards at target were also awarded in February 2016, but the grant was subject to approval of the Amended and Restated 2012 LTIP. The stockholders approved the Amended and Restated 2012 LTIP at the May 4, 2016 Annual Meeting and we have accordingly treated May 4, 2016 as the grant date for these awards and are expensing those awards from that date over the balance of the vesting or performance period. In August 2016, the Company’s Board of Directors approved the initiation of a quarterly cash dividend policy on its common stock. The Board declared a cash dividend of $0.09 per share of the Company’s common stock per quarter. When payment of cash dividends occurs, the Company issues dividend equivalent units ("DEUs") to eligible holders of outstanding RSUs and PSUs. The number of DEUs granted for each RSU or PSU is calculated by dividing the amount of the cash dividend on the number of shares covered by the RSU or PSU at the time of the related dividend record date by the closing price of the Company's stock on the related dividend payment date. The DEUs are subject to the same vesting requirements, settlement provisions, and other terms and conditions as the original award to which they relate. The issuance of DEUs have an immaterial impact on the Company's stock-based compensation activity. The fair value of RSUs and PSUs 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. 2016 RTSR PSU Weighted average grant date fair value $ 27.99 Weighted average expected volatility 28.1 % Weighted average volatility of XHB 19.4 % Weighted average correlation coefficient 0.58 Weighted average risk-free interest rate 0.9 % Weighted average dividend yield — A summary of RSU activity for the year ended December 31, 2016 is presented below (number of shares in millions): Restricted Stock Units Weighted Average Grant Date Fair Value Unvested at January 1, 2016 1.0 $ 46.36 Granted 1.0 32.29 Vested (a) (0.5 ) 45.84 Forfeited (0.1 ) 37.61 Unvested at December 31, 2016 1.4 $ 37.53 _______________ (a) The total fair value of RSUs which vested during the year ended December 31, 2016 was $23 million . A summary of PSU activity for the year ended December 31, 2016 is presented below (number of shares in millions): Performance Share Units Weighted Average Grant Date Fair Value Unvested at January 1, 2016 0.9 $ 44.97 Granted (a) 0.6 31.89 Vested (b) (0.4 ) 44.27 Forfeited (c) (0.1 ) 46.69 Unvested at December 31, 2016 1.0 $ 36.71 _______________ (a) The PSU amounts granted 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, 2016 was $15 million . (c) Includes the difference between PSU's granted at target and amounts earned. The fair value of the options was estimated on the date of grant using the Black-Scholes option-pricing model. 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 are expected to be outstanding and is based on the simplified method. 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. 2016 Options 2015 Options 2014 Options Weighted average grant date fair value $ 10.81 $ 17.66 $ 18.35 Weighted average expected volatility 31.7 % 36.1 % 41.5 % Weighted average expected term (years) 6.25 6.25 6.25 Weighted average risk-free interest rate 1.3 % 1.6 % 1.4 % Weighted average dividend yield 0.1 % — — A summary of stock option unit activity for the year ended December 31, 2016 is presented below (number of shares in millions): Options Weighted Average Exercise Price Outstanding at January 1, 2016 3.2 $ 31.42 Granted 0.3 32.33 Exercised (a) (b) (0.1 ) 19.86 Forfeited/Expired (0.1 ) 36.76 Outstanding at December 31, 2016 (c) 3.3 $ 31.73 _______________ (a) The intrinsic value of options exercised during the year ended December 31, 2016 was $1 million . (b) Cash received from options exercised during the year ended December 31, 2016 was $2 million . (c) Options outstanding at December 31, 2016 have an intrinsic value of $7 million and have a weighted average remaining contractual life of 6 years. The following table summarizes information regarding exercisable stock options as of December 31, 2016 : Range of Exercise Prices Options Vested (a) Weighted Average Exercise Price Aggregate Intrinsic Value $15.00 to $50.00 2.63 $ 26.48 $ 6.7 $50.00 and above 0.09 $ 140.86 $ — _______________ (a) Exercisable stock options as of December 31, 2016 have a weighted average remaining contractual life of 5.4 years . Stock-Based Compensation Expense As of December 31, 2016 , based on current performance achievement expectations, there was $32 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 , $57 million and $41 million for the years ended December 31, 2016 , 2015 and 2014 , respectively.

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, 2016
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 $28 million and $31 million at December 31, 2016 and 2015 , 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, 2016
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, 2016
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, 2014 $ 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 ) Other comprehensive loss before reclassifications (5 ) (3 ) (8 ) Amounts reclassified from accumulated other comprehensive income — 1 (3) 1 Income tax benefit 2 1 3 Current period change (3 ) (1 ) (4 ) Balance at December 31, 2016 $ (6 ) $ (34 ) $ (40 ) _______________ (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, 2016 , the Company does not have any after-tax components of accumulated other comprehensive loss attributable to noncontrolling interests. (3) These amounts represent the amortization of actuarial loss to periodic pension cost and were reclassified from accumulated other comprehensive income to the general and administrative expenses line on the statement of operations. Dividend Policy In August 2016, the Company’s Board of Directors approved the initiation of a quarterly cash dividend policy of $0.09 per share and paid cash dividends in August and December 2016, returning $26 million to stockholders. Pursuant to the Company’s policy, the dividends payable in cash are treated as a reduction of additional paid-in capital since the Company is currently in an accumulated deficit position. The declaration and payment of any future dividend will be subject to the discretion of the Board of Directors and will depend on a variety of factors, including the Company’s financial condition and results of operations, contractual restrictions, including restrictive covenants contained in the Company’s credit agreements, and the indentures governing the Company’s outstanding debt securities, capital requirements and other factors that the Board of Directors deems relevant. Realogy Group Statements of Equity for the years ended December 31, 2016 , 2015 and 2014 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, 2016 , 2015 and 2014 . 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, 2014 — $ — $ 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 Cumulative effect of adoption of FASB ASC 718 - Stock Compensation — — — 5 — — 5 Net income — — — 213 — 4 217 Other comprehensive income — — — — (4 ) — (4 ) Repurchase of Common Stock — — (195 ) — — — (195 ) Contributions from Realogy Holdings — — 2 — — — 2 Stock-based compensation — — 51 — — — 51 Dividends — — (26 ) — — (3 ) (29 ) Balance at December 31, 2016 — $ — $ 5,566 $ (3,062 ) $ (40 ) $ 5 $ 2,469

Earnings (Loss) Per Share (Note

Earnings (Loss) Per Share (Notes)	12 Months Ended
	Dec. 31, 2016
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 per share data) 2016 2015 2014 Net income attributable to Realogy Holdings shareholders $ 213 $ 184 $ 143 Basic weighted average shares 144.5 146.5 146.0 Stock options, restricted stock, restricted stock units and performance share units (a) 1.3 1.6 1.2 Weighted average diluted shares 145.8 148.1 147.2 Earnings Per Share: Basic $ 1.47 $ 1.26 $ 0.98 Diluted $ 1.46 $ 1.24 $ 0.97 _______________ (a) Excludes 4.5 million , 3.5 million and 3.3 million shares of common stock issuable for incentive equity awards for the years ended December 31, 2016 , 2015 and 2014 , respectively, which includes performance share units based on the achievement of target amounts that are anti-dilutive to the diluted earnings per share computation. In February 2016, the Company's Board of Directors authorized a share repurchase program of up to $275 million of the Company’s common stock. From the date of authorization through December 31, 2016 , the Company on a settlement date basis repurchased and retired 6.9 million shares of common stock for $195 million at a weighted average market price of $28.01 per share. The purchase of shares under this plan reduces the weighted-average number of shares outstanding in the basic earnings per share calculation.

Risk Management and Fair Value

Risk Management and Fair Value of Financial Instruments (Notes)	12 Months Ended
	Dec. 31, 2016
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, 2016 , the Company's primary interest rate exposure was to interest rate fluctuations, specifically LIBOR, due to its impact on variable rate borrowings under our Revolving Credit Facility and Term Loan B 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, 2016 , the Company had variable interest rate long-term debt, which was based on LIBOR from the outstanding term loans and revolver of $2,058 million , excluding $205 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, 2016 . 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 $33 million for the fair value of the interest rate swaps at December 31, 2016 . 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, 2016 , 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, 2016 , NRT generated approximately 26% of its revenues from California, 22% from the New York metropolitan area and 9% from Florida. 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. 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 British Pound, Euro, Swiss Franc and Canadian Dollar. 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. As of December 31, 2016 , the Company had outstanding foreign currency forward contracts with a fair value of $2 million and a notional value of $29 million . 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 . 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, 2016 December 31, 2015 Interest rate swap contracts Other non-current liabilities $ 33 $ 47 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, 2016 2015 2014 Interest rate swap contracts Interest expense $ 6 $ 20 $ 32 Foreign exchange contracts Operating expense (2 ) (2 ) (3 ) Fair Value Measurements 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 Company measures financial instruments at fair value on a recurring basis and recognizes transfers within the fair value hierarchy at the end of the fiscal quarter in which the change in circumstances that caused the transfer occurred. There have been no transfers between Level I, II or III assets or liabilities during the year ended December 31, 2016 The following table summarizes fair value measurements by level at December 31, 2016 for assets and 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) $ — $ 33 $ — $ 33 Deferred compensation plan assets (included in other non-current assets) 3 — — 3 Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and non-current liabilities) — — 50 50 The following table summarizes fair value measurements by level at December 31, 2015 for assets and 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 Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and non-current liabilities) — — 59 59 The fair value of the Company’s contingent consideration for acquisitions is measured using a probability weighted-average discount rate to estimate future cash flows based upon the likelihood of achieving future operating results for individual acquisitions. These assumptions are deemed to be unobservable inputs and as such the Company’s contingent consideration is classified within Level III of the valuation hierarchy. The Company reassesses the fair value of the contingent consideration liabilities on a quarterly basis. The following table presents changes in Level III financial liabilities measured at fair value on a recurring basis: Level III Fair value of contingent consideration at December 31, 2015 $ 59 Additions: contingent consideration related to acquisitions completed during the period 19 Reductions: payments of contingent consideration (reflected in the financing section of the Consolidated Statement of Cash Flows) (26 ) Changes in fair value (reflected in the Consolidated Statement of Operations) (2 ) Fair value of contingent consideration at December 31, 2016 $ 50 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, 2016 December 31, 2015 Principal Amount Estimated Fair Value (a) Principal Amount Estimated Fair Value (a) Senior Secured Credit Facility: Revolving Credit Facility $ 200 $ 200 $ 200 $ 200 Term Loan B 1,094 1,100 1,867 1,849 Term Loan A Facility: Term Loan A 413 414 435 426 Term Loan A-1 351 351 — — 3.375% Senior Notes — — 500 500 4.50% Senior Notes 450 461 450 464 5.25% Senior Notes 550 562 300 308 4.875% Senior Notes 500 483 — — Securitization obligations 205 205 247 247 _______________ (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, 2016
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, 2016 2015 2014 Real Estate Franchise Services $ 781 $ 755 $ 716 Company Owned Real Estate Brokerage Services 4,344 4,344 4,078 Relocation Services 405 415 419 Title and Settlement Services 573 487 398 Corporate and Other (c) (293 ) (295 ) (283 ) Total Company $ 5,810 $ 5,706 $ 5,328 _______________ (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 $293 million for the year ended December 31, 2016 , $295 million for the year ended December 31, 2015 and $283 million for the year ended December 31, 2014 . 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 $43 million for the year ended December 31, 2016 , $49 million for the year ended December 31, 2015 and $42 million for the year ended December 31, 2014 . 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 Year Ended December 31, 2016 (a) 2015 (b) 2014 (c) Real Estate Franchise Services $ 516 $ 495 $ 463 Company Owned Real Estate Brokerage Services 137 199 193 Relocation Services 96 105 102 Title and Settlement Services 62 48 36 Corporate and Other (d) (78 ) (121 ) (107 ) Total Company $ 733 $ 726 $ 687 ______________ (a) Includes $39 million of restructuring charges as follows: $4 million in the Real Estate Franchise Services segment, $22 million in the Company Owned Real Estate Brokerage Services segment, $4 million in the Relocation Services segment, $1 million in Title and Settlement Services segment and $8 million in Corporate and Other, partially offset by a net benefit of $2 million of former parent legacy items for the year ended December 31, 2016 . (b) Includes $48 million related to the loss on the early extinguishment of debt and restructuring charges of $10 million as follows: $5 million in the Company Owned Real Estate Brokerage Services segment, $1 million in the Relocation Services segment and $4 million in Corporate and Other, partially offset by a net benefit of $15 million of former parent legacy items for the year ended December 31, 2015 . (c) 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 . (d) 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, 2016 2015 2014 Net income attributable to Realogy Holdings and Realogy Group $ 213 $ 184 $ 143 Add: Depreciation and amortization 202 201 190 Interest expense, net 174 231 267 Income tax expense 144 110 87 EBITDA $ 733 $ 726 $ 687 Depreciation and Amortization Year Ended December 31, 2016 2015 2014 Real Estate Franchise Services $ 77 $ 77 $ 75 Company Owned Real Estate Brokerage Services 49 46 42 Relocation Services 31 33 43 Title and Settlement Services 23 25 15 Corporate and Other 22 20 15 Total Company $ 202 $ 201 $ 190 Segment Assets As of December 31 2016 2015 Real Estate Franchise Services $ 4,477 $ 4,534 Company Owned Real Estate Brokerage Services 1,249 1,140 Relocation Services 1,081 1,126 Title and Settlement Services 416 382 Corporate and Other 198 349 Total Company $ 7,421 $ 7,531 Capital Expenditures Year Ended December 31, 2016 2015 2014 Real Estate Franchise Services $ 8 $ 8 $ 10 Company Owned Real Estate Brokerage Services 44 41 33 Relocation Services 12 14 9 Title and Settlement Services 9 8 8 Corporate and Other 14 13 11 Total Company $ 87 $ 84 $ 71 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, 2016 Net revenues $ 5,683 $ 127 $ 5,810 Total assets 7,347 74 7,421 Net property and equipment 265 2 267 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

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited) (Notes)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Provided below is selected unaudited quarterly financial data for 2016 and 2015 . 2016 First Second Third Fourth Net revenues Real Estate Franchise Services $ 157 $ 221 $ 215 $ 188 Company Owned Real Estate Brokerage Services 841 1,268 1,231 1,004 Relocation Services 83 109 116 97 Title and Settlement Services 111 149 164 149 Corporate and Other (a) (58 ) (85 ) (82 ) (68 ) Total Company $ 1,134 $ 1,662 $ 1,644 $ 1,370 Income (loss) before income taxes, equity in earnings and noncontrolling interests (b) Real Estate Franchise Services $ 73 $ 130 $ 133 $ 102 Company Owned Real Estate Brokerage Services (32 ) 63 55 (8 ) Relocation Services (1 ) 22 34 16 Title and Settlement Services (5 ) 21 17 6 Corporate and Other (101 ) (83 ) (63 ) (30 ) Total Company $ (66 ) $ 153 $ 176 $ 86 Net income (loss) attributable to Realogy Holdings and Realogy Group $ (42 ) $ 92 $ 106 $ 57 Income (loss) per share attributable to Realogy Holdings (c) : Basic income (loss) per share $ (0.29 ) $ 0.63 $ 0.74 $ 0.40 Diluted income (loss) per share $ (0.29 ) $ 0.63 $ 0.73 $ 0.40 _______________ (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: • former parent legacy cost of $1 million in the first quarter and former parent legacy benefit of $3 million in the fourth quarter; and • restructuring charges of $9 million , $12 million , $9 million and $9 million in the first, second, third and fourth quarters, respectively. (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). 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 Corporate and Other (a) (57 ) (87 ) (84 ) (67 ) Total Company $ 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 Corporate and Other (89 ) (83 ) (81 ) (120 ) Total Company $ (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.

Note 20. Subsequent Events Subs

Note 20. Subsequent Events Subsequent Events (Notes)	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS In January 2017, the Company completed two debt transactions which increased the borrowing capacity under the Revolving Credit Facility from $815 million to $1.050 billion and refinanced the existing Term Loan B to reduce the interest rate by 75 basis points from LIBOR plus 3.00% (with a floor of 0.75% ) to LIBOR plus 2.25% (with a floor of 0.75% ). On February 15, 2017, Realogy announced that it and Guaranteed Rate, Inc. (“Guaranteed Rate”) have agreed to form a new joint venture, Guaranteed Rate Affinity, LLC ("Guaranteed Rate Affinity"), which is expected to begin doing business in June 2017. Commencement of operations is subject to the closing of an asset purchase agreement under which Guaranteed Rate Affinity will acquire certain assets of the mortgage operations of PHH Home Loans, the existing joint venture between Realogy and PHH Mortgage Corporation, including its four regional centers and employees across the United States, but not its mortgage assets. Guaranteed Rate Affinity will originate and market its mortgage lending services to Realogy’s real estate brokerage and relocation subsidiaries as well as other real estate brokerage and relocation companies across the country. Guaranteed Rate will own a controlling 50.1% stake of Guaranteed Rate Affinity and Realogy will own 49.9% . Guaranteed Rate will have responsibility for the oversight of the officers and senior employees of the Company who are designated to manage the Company. The asset purchase agreement is subject to approval by PHH Corporation’s shareholders and other closing conditions and the movement of employees from the old joint venture to the new joint venture is expected to be completed in a series of phases. The initial phase is expected to occur in June 2017 and the final phase is expected to occur during the fourth quarter of 2017. Once these transactions are complete together with the monetization of Realogy's stake in the old joint venture, the Company expects to realize approximately $30 million of net cash. On February 23, 2017, the Board authorized a new share repurchase program of up to $300 million of the Company's common stock, which is in addition to the remaining authorization under the initial share repurchase program authorized in February 2016. As with the initial program, repurchases under the new program may be made at management's discretion from time to time on the open market, pursuant to Rule 10b5-1 trading plans 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. Similarly, the new repurchase program has no time limit and may be suspended or discontinued at any time.

Note 2. Summary of Significan28

Note 2. Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
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 brands to real estate brokerage businesses that are independently owned and operated. 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. As such, marketing revenue is earned as these funds are spent. 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 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. 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 $7 million and $8 million at December 31, 2016 and 2015 , 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 $198 million , $194 million and $188 million for the years ended December 31, 2016 , 2015 and 2014 , 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 presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. The debt issuance costs are to be amortized, via the effective interest method and the amortization period is the life of the related debt.
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 third quarter of 2016, the Company adopted Accounting Standards Update —Improvements to Employee Share-Based Payment Accounting , which required all income tax effects of awards to be recognized in the income statement when the awards vest or are settled on a prospective basis. Furthermore, the guidance required that income taxes paid by the Company related to the net share settlement for stock-based compensation be presented as a financing activity on the statement of cash flows and required retrospective application.
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 British Pound, Euro, Swiss Franc and Canadian Dollar. 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 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.
Equity Method Investments, Policy [Policy Text Block]	INVESTMENTS At December 31, 2016 and 2015 , the Company had various equity method investments aggregating $66 million and $65 million , respectively, which are recorded within other non-current assets on the accompanying Consolidated Balance Sheets. Included in such investments is a 49.9% non-controlling 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 $59 million at December 31, 2016 . In connection with the joint venture, the Company recorded equity earnings related to its investment in PHH Home Loans of $8 million , $14 million and $8 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. The Company received cash dividends from PHH Home Loans of $7 million , $10 million and $3 million during the years ended December 31, 2016 , 2015 and 2014 , respectively.
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 ready for use. The net carrying value of software developed or obtained for internal use was $83 million and $79 million at December 31, 2016 and 2015 , 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 values of our goodwill and other indefinite-lived intangible assets were $3,690 million and $766 million , respectively, at December 31, 2016 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 2016 , 2015 and 2014 , 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 2016 , 2015 or 2014 . 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 2016 , 2015 or 2014 .
Cash Flow, Supplemental Disclosures [Text Block]	SUPPLEMENTAL CASH FLOW INFORMATION Significant non-cash transactions in 2016 , 2015 and 2014 included $14 million , $17 million and $8 million , respectively, in capital lease additions, 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 and expected term, risk-free rate.
New Accounting Pronouncements, Policy [Policy Text Block]	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS In March 2016, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") — Improvements to Employee Share-Based Payment Accounting , amending guidance related to employee share-based payment accounting. The Company elected to early adopt this ASU in the third quarter of 2016 using a modified retrospective approach, effective as if adopted the first day of the fiscal year, January 1, 2016. Adoption of the new guidance resulted in the following: • The new ASU requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled and will be applied on a prospective basis. Any excess tax benefits that were not previously recognized because the related tax deduction had not reduced current taxes payable are to be recorded on a modified retrospective basis through a cumulative effect adjustment to retained earnings as of the beginning of the period in which the new guidance is adopted. The Company recorded a cumulative increase of $5 million to its January 1, 2016 accumulated deficit balance with a corresponding decrease in deferred tax liabilities related to the prior years' unrecognized excess tax benefits. • Furthermore, the guidance requires that income taxes paid by the Company related to the net share settlement for stock-based compensation be presented as a financing activity on the statement of cash flows and requires retrospective application. The Company applied this cash flow presentation change which resulted in the reclassification of $6 million of taxes paid related to net share settlements of stock-based compensation awards from operating activities to financing activities for both the years ended December 31, 2015 and 2014. • In addition, the Company elected to account for forfeitures on share-based payment awards in compensation cost as they occur as opposed to estimating forfeitures. The cumulative impact for the forfeiture change was immaterial and was recorded as a decrease to the January 1, 2016 accumulated deficit balance. The current year impact for the change was immaterial and was recognized in the third quarter of 2016. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS The Company considers the applicability and impact of all Accounting Standards Updates. 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 August 2016, the FASB issued a new standard on classification of cash receipts and payments on the statement of cash flows intending to reduce diversity in practice on how certain transactions are classified. The new standard is effective for annual periods beginning after December 15, 2017 and will require a retrospective application at the beginning of the earliest comparative period presented in the year of adoption. The Company is currently evaluating the impact of the standard on its consolidated financial statements. In February 2016, the FASB issued its new standard on leases which requires virtually all leases to be recognized on the balance sheet. Lessees will recognize a right-of-use asset and a lease liability for all leases (other than leases that meet the definition of a short-term lease). The liability will be equal to the present value of lease payments. The asset will be based on the liability, subject to adjustment, such as for initial direct costs. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance leases. Operating leases will result in straight-line expense, similar to current operating leases, while finance leases will result in a front-loaded expense pattern, similar to current capital leases. Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines. The new standard is effective for annual periods beginning after December 15, 2018. Early adoption is permitted. The new leasing standard requires modified retrospective transition, which requires application of the new guidance at the beginning of the earliest comparative period presented in the year of adoption. The Company is currently evaluating the impact of the standard on its information systems and consolidated financial statements. In May 2014, the FASB issued a standard on revenue recognition that will impact 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 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 is currently evaluating the implementation methods and plans to adopt the new standard in the first quarter of 2018. After a thorough review of the Company's revenue streams, the Company does not expect the new standard to have a material impact on financial results as the majority of the Company's revenue is recognized at the completion of a homesale transaction which will not be impacted by the 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, 2016
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

Note 4. Intangible Assets Int30

Note 4. Intangible Assets Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2016
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 Balance at January 1, 2014 $ 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 acquired — 52 — 20 72 Balance at December 31, 2016 $ 2,292 $ 893 $ 360 $ 145 $ 3,690 Goodwill and accumulated impairment summary Gross goodwill $ 3,315 $ 1,051 $ 641 $ 469 $ 5,476 Accumulated impairment losses (a) (1,023 ) (158 ) (281 ) (324 ) (1,786 ) Balance at December 31, 2016 $ 2,292 $ 893 $ 360 $ 145 $ 3,690 _______________ (a) During the fourth quarter of 2008 and 2007 the Company recorded impairment charges, which reduced goodwill by $1,279 million and $507 million , respectively. No goodwill or unamortized intangible asset impairments have been recorded since 2008
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class [Table Text Block]	Intangible assets are as follows: As of December 31, 2016 As of December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortizable—Franchise agreements (a) $ 2,019 $ 658 $ 1,361 $ 2,019 $ 591 $ 1,428 Unamortizable—Trademarks (b) $ 748 $ 748 $ 745 $ 745 Other Intangibles Amortizable—License agreements (c) $ 45 $ 9 $ 36 $ 45 $ 8 $ 37 Amortizable—Customer relationships (d) 550 312 238 530 284 246 Unamortizable—Title plant shares (e) 18 18 11 11 Amortizable—Pendings and listings (f) 6 5 1 3 1 2 Amortizable—Other (g) 33 13 20 31 11 20 Total Other Intangibles $ 652 $ 339 $ 313 $ 620 $ 304 $ 316 _______________ (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, the Real Estate Franchise Services segment and our Company Owned Real Estate Services segment. These relationships are being amortized over a period of 2 to 20 years. (e) Ownership in a title plant is required to transact title insurance in certain states. The Company expects to generate future cash flows for an indefinite period of time. (f) 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, 2016 2015 2014 Franchise agreements $ 67 $ 67 $ 67 License agreements 1 1 1 Customer relationships 28 28 37 Pendings and listings 12 16 8 Other 5 5 3 Total $ 113 $ 117 $ 116

Note 5. Franchising and Marke31

Note 5. Franchising and Marketing Activities Franchising and Marketing Activities (Tables)	12 Months Ended
	Dec. 31, 2016
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 offices in operation are as follows: (Unaudited) As of December 31, 2016 2015 2014 Franchised: Century 21 ® 7,330 6,897 6,902 ERA ® 2,347 2,355 2,304 Coldwell Banker ® 2,289 2,258 2,396 Coldwell Banker Commercial ® 180 163 167 Sotheby’s International Realty ® 836 794 717 Better Homes and Gardens ® Real Estate 332 304 283 Total Franchised 13,314 12,771 12,769 Company Owned: ERA ® — — — Coldwell Banker ® 708 708 651 Sotheby’s International Realty ® 41 41 39 Corcoran ® /Other 40 38 37 Total Company Owned 789 787 727
Schedule of the Changes in the Number of Franchised and Company Owned Outlets [Table Text Block]	The number of franchised and company owned offices (in the aggregate) changed as follows: (Unaudited) For the Year Ended December 31, 2016 2015 2014 Franchised: Beginning balance 12,771 12,769 13,032 Additions 847 445 311 Terminations (304 ) (443 ) (574 ) Ending balance 13,314 12,771 12,769 Company Owned: Beginning balance 787 727 706 Additions 38 74 38 Closures (36 ) (14 ) (17 ) Ending balance 789 787 727

Note 6. Property and Equipmen32

Note 6. Property and Equipment, Net Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment, net consisted of: December 31, 2016 2015 Furniture, fixtures and equipment $ 254 $ 242 Capitalized software 351 310 Building and leasehold improvements 235 213 Land 3 3 Gross property and equipment 843 768 Less: accumulated depreciation (576 ) (514 ) Property and equipment, net $ 267 $ 254

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, 2016
Payables and Accruals [Abstract]
Accrued expenses and other current liabilities	Accrued expenses and other current liabilities consisted of: December 31, 2016 2015 Accrued payroll and related employee costs $ 138 $ 140 Accrued volume incentives 40 34 Accrued commissions 31 29 Restructuring accruals 14 9 Deferred income 69 73 Accrued interest 13 13 Contingent consideration for acquisitions 24 27 Other 106 123 Total accrued expenses and other current liabilities $ 435 $ 448

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, 2016
Debt Disclosure [Abstract]
Schedule of Total Indebtedness	Total indebtedness is as follows: December 31, 2016 2015 Senior Secured Credit Facility: Revolving Credit Facility $ 200 $ 200 Term Loan B 1,069 1,839 Term Loan A Facility: Term Loan A 411 433 Term Loan A-1 347 — 3.375% Senior Notes — 499 4.50% Senior Notes 439 434 5.25% Senior Notes 545 297 4.875% Senior Notes 496 — Total Short-Term & Long-Term Debt $ 3,507 $ 3,702 Securitization obligations: Apple Ridge Funding LLC $ 192 $ 238 Cartus Financing Limited 13 9 Total securitization obligations $ 205 $ 247
Schedule of Debt	As of December 31, 2016 , the Company’s borrowing arrangements were as follows: Interest Rate Expiration Date Principal Amount Unamortized Discount and Debt Issuance Costs Net Amount Senior Secured Credit Facility: Revolving Credit Facility (1) (2) October 2020 $ 200 $ * $ 200 Term Loan B (3) July 2022 1,094 25 1,069 Term Loan A Facility: Term Loan A (4) October 2020 413 2 411 Term Loan A-1 (5) July 2021 351 4 347 Senior Notes 4.50% April 2019 450 11 439 Senior Notes 5.25% December 2021 550 5 545 Senior Notes 4.875% June 2023 500 4 496 Securitization obligations: (6) Apple Ridge Funding LLC (7) June 2017 192 * 192 Cartus Financing Limited (8) August 2017 13 * 13 Total (9) $ 3,763 $ 51 $ 3,712 _______________ * The debt issuance costs related to our Revolving Credit Facility and securitization obligations are classified as a deferred financing asset within other assets. (1) As of December 31, 2016 , the Company had $815 million of borrowing capacity under its Revolving Credit Facility, leaving $615 million of available capacity. The revolving credit facility expires in October 2020, but is classified on the balance sheet as current due to the revolving nature of the facility. See Note 20, "Subsequent Events" for a description of the January 2017 increase of the borrowing capacity under its Revolving Credit Facility. On February 21, 2017 , the Company had $200 million outstanding borrowings on the Revolving Credit Facility, leaving $850 million of available capacity. (2) Interest rates with respect to revolving loans under the Senior Secured Credit Facility at December 31, 2016 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016 . (3) The Term Loan B provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to term loans under the Term Loan B 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% ). See Note 20, "Subsequent Events" for a description of the January 2017 refinancing of the Term Loan B. (4) The Term Loan A provides for quarterly amortization payments, which commenced 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 in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the Term Loan A 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016 . (5) The Term Loan A-1 provides for quarterly amortization payments, which commenced on September 30, 2016, totaling per annum 2.5% , 2.5% , 5% , 7.5% and 10.0% of the original principal amount of the Term Loan A-1, with the last amortization payment made on June 30, 2021. The interest rates with respect to term loans under the Term Loan A-1 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016 . (6) Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations. (7) As of December 31, 2016 , the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $133 million of available capacity. (8) Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of December 31, 2016 , the Company had $19 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $6 million of available capacity. (9) Not included in this table, the Company had $127 million of outstanding letters of credit at December 31, 2016 under the Unsecured Letter of Credit Facility with a weighted average rate of 2.93% . At December 31, 2016 the capacity of the facility was $131 million .
Schedule of Maturities of Long-term Debt	As of December 31, 2016 , the combined aggregate amount of maturities for long-term borrowings, excluding securitization obligations, for each of the next five years is as follows: Year Amount 2017 (a) $ 242 2018 57 2019 527 2020 356 2021 837 _______________ (a) The current portion of long-term debt consists of four quarters of 2017 amortization payments totaling $22 million , $9 million and $11 million for the Term Loan A, Term Loan A-1 and Term Loan B facilities, respectively, as well as $200 million of revolver borrowings under the revolving credit facility which expires in October 2020, but are classified on the balance sheet as current due to the revolving nature of the facility.
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%
Interest Rate Table for Term Loan A-1	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 but greater than or equal to 2.00 to 1.00 2.00% 1.00% Less than 2.00 to 1.00 1.75% 0.75%
Expiration Capacity Table for Unsecured Letter of Credit Facilities	The facility's expiration dates are as follows: Capacity (in millions) Expiration Date $65 September 2018 $66 December 2019

Note 9. Employee Benefit Plan35

Note 9. Employee Benefit Plans Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Expected Benefit Payments	Estimated future benefit payments as of December 31, 2016 are as follows: Year Amount 2017 $ 9 2018 9 2019 10 2020 10 2021 10 2022 through 2026 49
Schedule of Allocation of Plan Assets	The following table presents the fair values of plan assets by category as of December 31, 2016 : 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 — 74 — 74 Fixed income securities — 29 — 29 Total $ 1 $ 103 $ — $ 104 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

Note 10. Income Taxes Income 36

Note 10. Income Taxes Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2016 2015 2014 Domestic $ 351 $ 290 $ 230 Foreign 10 8 4 Pretax income $ 361 $ 298 $ 234
Schedule of income tax provision	The components of income tax expense consisted of the following: Year Ended December 31, 2016 2015 2014 Current: Federal $ 10 $ 8 $ 5 State 8 3 1 Foreign 2 3 4 Total current 20 14 10 Deferred: Federal 107 91 76 State 16 4 1 Foreign 1 1 — Total deferred 124 96 77 Income tax expense $ 144 $ 110 $ 87
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 was as follows: Year Ended December 31, 2016 2015 2014 Federal statutory rate 35 % 35 % 35 % State and local income taxes, net of federal tax benefits 4 2 5 Permanent differences 1 1 2 Net change in valuation allowance — 1 (3 ) Other — (2 ) (2 ) Effective tax rate 40 % 37 % 37 %
Schedule of deferred income tax assets and liabilities	2016 2015 Deferred income tax assets: Net operating loss carryforwards $ 503 $ 654 Tax credit carryforwards 41 28 Accrued liabilities 131 123 Minimum pension obligation 23 23 Provision for doubtful accounts 16 18 Liability for unrecognized tax benefits 3 6 Interest rate swaps 8 11 Other — 1 Total deferred tax assets 725 864 Less: valuation allowance (10 ) (11 ) Total deferred income tax assets after valuation allowance 715 853 Deferred income tax liabilities: Depreciation and amortization 1,099 1,105 Change in tax return accounting methods — 9 Prepaid expenses 1 2 Undistributed foreign earnings 2 2 Basis difference in investment in joint ventures 2 1 Total deferred tax liabilities 1,104 1,119 Net deferred income tax liabilities $ (389 ) $ (266 )
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, 2014 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 Gross increases—tax positions in prior periods 3 Reduction due to lapse of statute of limitations (3 ) Unrecognized tax benefits—December 31, 2016 $ 78

Note 11. Restructuring Costs 37

Note 11. Restructuring Costs Restructuring Costs (Tables)	12 Months Ended
	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	The components of the restructuring charges for the years ended December 31, 2016 , 2015 and 2014 were as follows: Years Ended December 31, 2016 2015 2014 Personnel-related costs (1) $ 22 $ 3 $ — Facility-related costs (2) 10 3 (1 ) Accelerated depreciation related to asset disposals 1 — — Other restructuring costs (3) 6 4 — Total restructuring charges $ 39 $ 10 $ (1 )
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 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 Restructuring charges 22 10 1 6 39 Costs paid or otherwise settled (16 ) (6 ) (1 ) (9 ) (32 ) Balance at December 31, 2016 $ 9 $ 7 $ — $ — $ 16
Schedule of Expected Restructuring Costs by Cost Type [Table Text Block]	The following table shows the total restructuring costs expected to be incurred by type of cost for the Business Optimization Initiative: Total amount expected to be incurred Amount incurred to date Total amount remaining to be incurred Personnel-related costs $ 35 $ 25 $ 10 Facility-related costs 17 13 4 Accelerated depreciation related to asset disposals 2 1 1 Other restructuring costs 11 10 1 Total $ 65 $ 49 $ 16
Schedule of Expected Restructuring Costs by Business Segment [Table Text Block]	The following table shows the total restructuring costs expected to be incurred by reportable segment for the Business Optimization Initiative: Total amount expected to be incurred Amount incurred to date Total amount remaining to be incurred Real Estate Franchise Services $ 5 $ 4 $ 1 Company Owned Real Estate Brokerage Services 40 27 13 Relocation Services 5 5 — Title and Settlement Services 1 1 — Corporate and Other 14 12 2 Total $ 65 $ 49 $ 16

Note 12. Stock-Based Compensa38

Note 12. Stock-Based Compensation Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Market Performance Unit Award Valuation Assumptions	2016 RTSR PSU Weighted average grant date fair value $ 27.99 Weighted average expected volatility 28.1 % Weighted average volatility of XHB 19.4 % Weighted average correlation coefficient 0.58 Weighted average risk-free interest rate 0.9 % Weighted average dividend yield —
Schedule of Nonvested Share Activity	A summary of RSU activity for the year ended December 31, 2016 is presented below (number of shares in millions): Restricted Stock Units Weighted Average Grant Date Fair Value Unvested at January 1, 2016 1.0 $ 46.36 Granted 1.0 32.29 Vested (a) (0.5 ) 45.84 Forfeited (0.1 ) 37.61 Unvested at December 31, 2016 1.4 $ 37.53 _______________ (a) The total fair value of RSUs which vested during the year ended December 31, 2016 was $23 million . A summary of PSU activity for the year ended December 31, 2016 is presented below (number of shares in millions): Performance Share Units Weighted Average Grant Date Fair Value Unvested at January 1, 2016 0.9 $ 44.97 Granted (a) 0.6 31.89 Vested (b) (0.4 ) 44.27 Forfeited (c) (0.1 ) 46.69 Unvested at December 31, 2016 1.0 $ 36.71 _______________ (a) The PSU amounts granted 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, 2016 was $15 million . (c) Includes the difference between PSU's granted at target and amounts earned.
Summary of Stock Options Valuation Assumptions	2016 Options 2015 Options 2014 Options Weighted average grant date fair value $ 10.81 $ 17.66 $ 18.35 Weighted average expected volatility 31.7 % 36.1 % 41.5 % Weighted average expected term (years) 6.25 6.25 6.25 Weighted average risk-free interest rate 1.3 % 1.6 % 1.4 % Weighted average dividend yield 0.1 % — —
Summary of Stock Options Activity	A summary of stock option unit activity for the year ended December 31, 2016 is presented below (number of shares in millions): Options Weighted Average Exercise Price Outstanding at January 1, 2016 3.2 $ 31.42 Granted 0.3 32.33 Exercised (a) (b) (0.1 ) 19.86 Forfeited/Expired (0.1 ) 36.76 Outstanding at December 31, 2016 (c) 3.3 $ 31.73 _______________ (a) The intrinsic value of options exercised during the year ended December 31, 2016 was $1 million . (b) Cash received from options exercised during the year ended December 31, 2016 was $2 million . (c) Options outstanding at December 31, 2016 have an intrinsic value of $7 million and have a weighted average remaining contractual life of 6 years.
Summary of Exercisable Stock Options Activity	The following table summarizes information regarding exercisable stock options as of December 31, 2016 : Range of Exercise Prices Options Vested (a) Weighted Average Exercise Price Aggregate Intrinsic Value $15.00 to $50.00 2.63 $ 26.48 $ 6.7 $50.00 and above 0.09 $ 140.86 $ — _______________ (a) Exercisable stock options as of December 31, 2016 have a weighted average remaining contractual life of 5.4 years .

Note 14. Commitments And Cont39

Note 14. Commitments And Contingencies Commitments And Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum lease payments required under noncancelable operating leases as of December 31, 2016 are as follows: Year Amount 2017 $ 161 2018 130 2019 104 2020 79 2021 125 Thereafter 124 Total $ 723
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, 2016 are as follows: Year Amount 2017 $ 74 2018 26 2019 13 2020 11 2021 9 Thereafter 240 Total $ 373

Note 15. Equity (Deficit) Equ40

Note 15. Equity (Deficit) Equity (Deficit) (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2014 $ 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 ) Other comprehensive loss before reclassifications (5 ) (3 ) (8 ) Amounts reclassified from accumulated other comprehensive income — 1 (3) 1 Income tax benefit 2 1 3 Current period change (3 ) (1 ) (4 ) Balance at December 31, 2016 $ (6 ) $ (34 ) $ (40 ) _______________ (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, 2016 , the Company does not have any after-tax components of accumulated other comprehensive loss attributable to noncontrolling interests. (3) These amounts represent the amortization of actuarial loss to periodic pension cost and 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, 2014 — $ — $ 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 Cumulative effect of adoption of FASB ASC 718 - Stock Compensation — — — 5 — — 5 Net income — — — 213 — 4 217 Other comprehensive income — — — — (4 ) — (4 ) Repurchase of Common Stock — — (195 ) — — — (195 ) Contributions from Realogy Holdings — — 2 — — — 2 Stock-based compensation — — 51 — — — 51 Dividends — — (26 ) — — (3 ) (29 ) Balance at December 31, 2016 — $ — $ 5,566 $ (3,062 ) $ (40 ) $ 5 $ 2,469

Note 16. Earnings (Loss) Per Sh

Note 16. Earnings (Loss) Per Share Earnings (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
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 per share data) 2016 2015 2014 Net income attributable to Realogy Holdings shareholders $ 213 $ 184 $ 143 Basic weighted average shares 144.5 146.5 146.0 Stock options, restricted stock, restricted stock units and performance share units (a) 1.3 1.6 1.2 Weighted average diluted shares 145.8 148.1 147.2 Earnings Per Share: Basic $ 1.47 $ 1.26 $ 0.98 Diluted $ 1.46 $ 1.24 $ 0.97 _______________ (a) Excludes 4.5 million , 3.5 million and 3.3 million shares of common stock issuable for incentive equity awards for the years ended December 31, 2016 , 2015 and 2014 , 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 Valu42

Risk Management and Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
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, 2016 December 31, 2015 Interest rate swap contracts Other non-current liabilities $ 33 $ 47
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, 2016 2015 2014 Interest rate swap contracts Interest expense $ 6 $ 20 $ 32 Foreign exchange contracts Operating expense (2 ) (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, 2016 for assets and 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) $ — $ 33 $ — $ 33 Deferred compensation plan assets (included in other non-current assets) 3 — — 3 Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and non-current liabilities) — — 50 50 The following table summarizes fair value measurements by level at December 31, 2015 for assets and 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 Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and non-current liabilities) — — 59 59
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents changes in Level III financial liabilities measured at fair value on a recurring basis: Level III Fair value of contingent consideration at December 31, 2015 $ 59 Additions: contingent consideration related to acquisitions completed during the period 19 Reductions: payments of contingent consideration (reflected in the financing section of the Consolidated Statement of Cash Flows) (26 ) Changes in fair value (reflected in the Consolidated Statement of Operations) (2 ) Fair value of contingent consideration at December 31, 2016 $ 50
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, 2016 December 31, 2015 Principal Amount Estimated Fair Value (a) Principal Amount Estimated Fair Value (a) Senior Secured Credit Facility: Revolving Credit Facility $ 200 $ 200 $ 200 $ 200 Term Loan B 1,094 1,100 1,867 1,849 Term Loan A Facility: Term Loan A 413 414 435 426 Term Loan A-1 351 351 — — 3.375% Senior Notes — — 500 500 4.50% Senior Notes 450 461 450 464 5.25% Senior Notes 550 562 300 308 4.875% Senior Notes 500 483 — — Securitization obligations 205 205 247 247 _______________ (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, 2016
Segment Reporting [Abstract]
Revenues	Revenues (a) (b) Year Ended December 31, 2016 2015 2014 Real Estate Franchise Services $ 781 $ 755 $ 716 Company Owned Real Estate Brokerage Services 4,344 4,344 4,078 Relocation Services 405 415 419 Title and Settlement Services 573 487 398 Corporate and Other (c) (293 ) (295 ) (283 ) Total Company $ 5,810 $ 5,706 $ 5,328 _______________ (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 $293 million for the year ended December 31, 2016 , $295 million for the year ended December 31, 2015 and $283 million for the year ended December 31, 2014 . 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 $43 million for the year ended December 31, 2016 , $49 million for the year ended December 31, 2015 and $42 million for the year ended December 31, 2014 . 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 Year Ended December 31, 2016 (a) 2015 (b) 2014 (c) Real Estate Franchise Services $ 516 $ 495 $ 463 Company Owned Real Estate Brokerage Services 137 199 193 Relocation Services 96 105 102 Title and Settlement Services 62 48 36 Corporate and Other (d) (78 ) (121 ) (107 ) Total Company $ 733 $ 726 $ 687 ______________ (a) Includes $39 million of restructuring charges as follows: $4 million in the Real Estate Franchise Services segment, $22 million in the Company Owned Real Estate Brokerage Services segment, $4 million in the Relocation Services segment, $1 million in Title and Settlement Services segment and $8 million in Corporate and Other, partially offset by a net benefit of $2 million of former parent legacy items for the year ended December 31, 2016 . (b) Includes $48 million related to the loss on the early extinguishment of debt and restructuring charges of $10 million as follows: $5 million in the Company Owned Real Estate Brokerage Services segment, $1 million in the Relocation Services segment and $4 million in Corporate and Other, partially offset by a net benefit of $15 million of former parent legacy items for the year ended December 31, 2015 . (c) 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 . (d) 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, 2016 2015 2014 Net income attributable to Realogy Holdings and Realogy Group $ 213 $ 184 $ 143 Add: Depreciation and amortization 202 201 190 Interest expense, net 174 231 267 Income tax expense 144 110 87 EBITDA $ 733 $ 726 $ 687
Reconciliation of Depreciation and Amortization from Segments to Consolidated	Depreciation and Amortization Year Ended December 31, 2016 2015 2014 Real Estate Franchise Services $ 77 $ 77 $ 75 Company Owned Real Estate Brokerage Services 49 46 42 Relocation Services 31 33 43 Title and Settlement Services 23 25 15 Corporate and Other 22 20 15 Total Company $ 202 $ 201 $ 190
Segment Assets	Segment Assets As of December 31 2016 2015 Real Estate Franchise Services $ 4,477 $ 4,534 Company Owned Real Estate Brokerage Services 1,249 1,140 Relocation Services 1,081 1,126 Title and Settlement Services 416 382 Corporate and Other 198 349 Total Company $ 7,421 $ 7,531
Reconciliation of Capital Expenditures from Segments to Consolidated	Capital Expenditures Year Ended December 31, 2016 2015 2014 Real Estate Franchise Services $ 8 $ 8 $ 10 Company Owned Real Estate Brokerage Services 44 41 33 Relocation Services 12 14 9 Title and Settlement Services 9 8 8 Corporate and Other 14 13 11 Total Company $ 87 $ 84 $ 71
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, 2016 Net revenues $ 5,683 $ 127 $ 5,810 Total assets 7,347 74 7,421 Net property and equipment 265 2 267 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

Selected Quarterly Financial 44

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Unaudited Quarterly Financial Data	Provided below is selected unaudited quarterly financial data for 2016 and 2015 . 2016 First Second Third Fourth Net revenues Real Estate Franchise Services $ 157 $ 221 $ 215 $ 188 Company Owned Real Estate Brokerage Services 841 1,268 1,231 1,004 Relocation Services 83 109 116 97 Title and Settlement Services 111 149 164 149 Corporate and Other (a) (58 ) (85 ) (82 ) (68 ) Total Company $ 1,134 $ 1,662 $ 1,644 $ 1,370 Income (loss) before income taxes, equity in earnings and noncontrolling interests (b) Real Estate Franchise Services $ 73 $ 130 $ 133 $ 102 Company Owned Real Estate Brokerage Services (32 ) 63 55 (8 ) Relocation Services (1 ) 22 34 16 Title and Settlement Services (5 ) 21 17 6 Corporate and Other (101 ) (83 ) (63 ) (30 ) Total Company $ (66 ) $ 153 $ 176 $ 86 Net income (loss) attributable to Realogy Holdings and Realogy Group $ (42 ) $ 92 $ 106 $ 57 Income (loss) per share attributable to Realogy Holdings (c) : Basic income (loss) per share $ (0.29 ) $ 0.63 $ 0.74 $ 0.40 Diluted income (loss) per share $ (0.29 ) $ 0.63 $ 0.73 $ 0.40 _______________ (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: • former parent legacy cost of $1 million in the first quarter and former parent legacy benefit of $3 million in the fourth quarter; and • restructuring charges of $9 million , $12 million , $9 million and $9 million in the first, second, third and fourth quarters, respectively. (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). 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 Corporate and Other (a) (57 ) (87 ) (84 ) (67 ) Total Company $ 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 Corporate and Other (89 ) (83 ) (81 ) (120 ) Total Company $ (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.

Note 1. Basis of Presentation45

Note 1. Basis of Presentation Business Description (Details)	Dec. 31, 2016Countries	Dec. 31, 2016franchisedandcompanyownedoffices	Dec. 31, 2016Brokerage_Offices	Dec. 31, 2016	Dec. 31, 2016employees	Dec. 31, 2015franchisedandcompanyownedoffices	Dec. 31, 2014franchisedandcompanyownedoffices	Dec. 31, 2013franchisedandcompanyownedoffices
Number of International Countries in which Entity Operates | Countries	111
Number of largest metropolitan areas				50
Franchised and Company Owned
Number of offices | franchisedandcompanyownedoffices		14,100
Number of Independent Sales Associates					273,200
Company Owned Real Estate Brokerage Services
Number of offices		789	790			787	727	706
Number of Independent Sales Associates					47,500
Maximum [Member]
Number of largest metropolitan areas				100

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, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Minimum ownership percentage for consolidation	50.00%
Restricted Cash and Cash Equivalents	$ 7	$ 8
Advertising Expense	198	194	$ 188
Goodwill	3,690	$ 3,618	$ 3,477	$ 3,335
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 766
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) - Interest rate swap contracts $ in Millions	Dec. 31, 2016USD ($)
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, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 66	$ 65
Income (Loss) from Equity Method Investments	12	16	$ 9
PHH Home Loans [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 59
Joint venture investment, ownership percentage	49.90%
Income (Loss) from Equity Method Investments	$ 8	14	8
Proceeds from Equity Method Investment, Dividends or Distributions	$ 7	$ 10	$ 3

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, 2016	Dec. 31, 2015
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	$ 83	$ 79
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, 2016	Dec. 31, 2015	Dec. 31, 2014
Supplemental Cash Flow Information [Abstract]
Capital Lease Obligations Incurred	$ 14	$ 17	$ 8

Note 2. Summary of Significan51

Note 2. Summary of Significant Accounting Policies New Accounting Pronouncements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
New Accounting Pronouncements [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 5
Payments Related to Tax Withholding for Share-based Compensation	$ 6	$ 6	$ 6

Note 3. Acquisitions Acquisit52

Note 3. Acquisitions Acquisitions (Details) $ in Millions	1 Months Ended	12 Months Ended
	Aug. 31, 2014USD ($)Offices	Dec. 31, 2016USD ($)real_estate_brokerage_operations	Dec. 31, 2015USD ($)real_estate_brokerage_operations	Dec. 31, 2014USD ($)real_estate_brokerage_operations
Business Acquisition [Line Items]
Goodwill acquired		$ 72	$ 141	$ 142
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		$ 20	$ 47	$ 5
Title and Settlement Services | TRG Business Combinations [Member]
Business Acquisition [Line Items]
Number of businesses acquired | real_estate_brokerage_operations		1	3	3
Cash consideration paid for acquisition		$ 24	$ 34	$ 6
Liabilities established related to acquisition		10	37
Goodwill acquired		20	47	5
Other Assets Acquired		6	1
Other Liabilities Acquired		9
Company Owned Real Estate Brokerage Services
Business Acquisition [Line Items]
Goodwill acquired		$ 52	$ 94	$ 86
Company Owned Real Estate Brokerage Services | NRT Business Combinations [Member]
Business Acquisition [Line Items]
Number of businesses acquired | real_estate_brokerage_operations		11	13	16
Cash consideration paid for acquisition		$ 74	$ 96	$ 44
Liabilities established related to acquisition		9	13	19
Goodwill acquired		52	94	45
Other Assets Acquired		5	7	3
Other Liabilities Acquired		$ 3	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		$ 5	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		6	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		2	5
Amortizable—Other (g) | Company Owned Real Estate Brokerage Services | NRT Business Combinations [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		3	1	8
Amortizable—Customer relationships (d) | Zip Realty [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 1
Amortizable—Customer relationships (d) | Company Owned Real Estate Brokerage Services | NRT Business Combinations [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		20
Unamortizable—Trademarks (b) | Title and Settlement Services | TRG Business Combinations [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired		3	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		$ 7	$ 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, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016
Goodwill [Roll Forward]
Goodwill Balance, beginning of period			$ 3,618	$ 3,477	$ 3,335
Goodwill acquired			72	141	142
Goodwill Balance, end of period			3,690	3,618	3,477
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Gross goodwill						$ 5,476
Accumulated impairment losses (a)						(1,786)
Balance at December 31, 2016			3,618	3,477	3,335	3,690
Goodwill and Intangible Asset Impairment [Abstract]
Impairment of Goodwill	$ 1,279	$ 507
Real Estate Franchise Services
Goodwill [Roll Forward]
Goodwill Balance, beginning of period			2,292	2,292	2,241
Goodwill acquired			0	0	51
Goodwill Balance, end of period			2,292	2,292	2,292
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Gross goodwill						3,315
Accumulated impairment losses (a)						(1,023)
Balance at December 31, 2016			2,292	2,292	2,241	2,292
Company Owned Real Estate Brokerage Services
Goodwill [Roll Forward]
Goodwill Balance, beginning of period			841	747	661
Goodwill acquired			52	94	86
Goodwill Balance, end of period			893	841	747
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Gross goodwill						1,051
Accumulated impairment losses (a)						(158)
Balance at December 31, 2016			841	747	661	893
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)						(281)
Balance at December 31, 2016			360	360	360	360
Title and Settlement Services
Goodwill [Roll Forward]
Goodwill Balance, beginning of period			125	78	73
Goodwill acquired			20	47	5
Goodwill Balance, end of period			145	125	78
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Gross goodwill						469
Accumulated impairment losses (a)						(324)
Balance at December 31, 2016			$ 125	$ 78	$ 73	$ 145

Note 4. Intangible Assets Int54

Note 4. Intangible Assets Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of indefinite-lived intangible assets	$ 766
Gross carrying amount of total other intangibles	652	$ 620
Accumulated Amortization	339	304
Net carrying amount of finite-lived and indefinite-lived intangible assets	313	316
Unamortizable—Trademarks (b)
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of indefinite-lived intangible assets	748	745
Unamortizable—Title plant shares (e)
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount of indefinite-lived intangible assets	18	11
Amortizable—Franchise agreements (a)
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,019	2,019
Accumulated Amortization	658	591
Net carrying amount of finite-lived intangible assets	$ 1,361	1,428
Amortization period	30 years
Amortizable—License agreements (c)
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 45	45
Accumulated Amortization	9	8
Net carrying amount of finite-lived intangible assets	$ 36	37
Amortization period	50 years
Amortizable—Customer relationships (d)
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 550	530
Accumulated Amortization	312	284
Net carrying amount of finite-lived intangible assets	238	246
Amortizable—Pendings and listings (f)
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	6	3
Accumulated Amortization	5	1
Net carrying amount of finite-lived intangible assets	$ 1	2
Amortization period	5 months
Amortizable—Other (g)
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 33	31
Accumulated Amortization	13	11
Net carrying amount of finite-lived intangible assets	$ 20	$ 20
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

Note 4. Intangible Assets Amort

Note 4. Intangible Assets Amortization Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Finite-Lived Intangible Assets, Amortization Expense [Line Items]
Amortization of Intangible Assets	$ 113	$ 117	$ 116
Expected amortization expense for 2017	99
Expected amortization expense for 2018	97
Expected amortization expense for 2019	96
Expected amortization expense for 2020	94
Expected amortization expense for 2021	92
Expected amortization expense thereafter	1,178
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	28	37
Amortizable—Pendings and listings (f)
Schedule of Finite-Lived Intangible Assets, Amortization Expense [Line Items]
Amortization of Intangible Assets	12	16	8
Amortizable—Other (g)
Schedule of Finite-Lived Intangible Assets, Amortization Expense [Line Items]
Amortization of Intangible Assets	$ 5	$ 5	$ 3

Note 5. Franchising and Marke56

Note 5. Franchising and Marketing Activities Franchising and Marketing Activities (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)franchisedandcompanyownedoffices	Dec. 31, 2015USD ($)franchisedandcompanyownedoffices	Dec. 31, 2014USD ($)franchisedandcompanyownedoffices	Dec. 31, 2016Brokerage_Offices	Dec. 31, 2013franchisedandcompanyownedoffices
Franchisor Disclosure [Line Items]
Initial franchise and area development fees | $	$ 8	$ 8	$ 9
Annual volume incentives from Real Estate Franchisees | $	$ 56	$ 51	$ 50
Franchised:
Franchisor Disclosure [Line Items]
Number of offices	13,314	12,771	12,769		13,032
Franchised: | Century 21®
Franchisor Disclosure [Line Items]
Number of offices	7,330	6,897	6,902
Franchised: | ERA®
Franchisor Disclosure [Line Items]
Number of offices	2,347	2,355	2,304
Franchised: | Coldwell Banker®
Franchisor Disclosure [Line Items]
Number of offices	2,289	2,258	2,396
Franchised: | Coldwell Banker Commercial®
Franchisor Disclosure [Line Items]
Number of offices	180	163	167
Franchised: | Sotheby’s International Realty®
Franchisor Disclosure [Line Items]
Number of offices	836	794	717
Franchised: | Better Homes and Gardens® Real Estate
Franchisor Disclosure [Line Items]
Number of offices	332	304	283
Company Owned:
Franchisor Disclosure [Line Items]
Royalty expense | $	$ 282	$ 284	$ 269
Number of offices	789	787	727	790	706
Marketing and Advertising Expense | $	$ 11	$ 11	$ 14
Company Owned: | ERA®
Franchisor Disclosure [Line Items]
Number of offices	0	0	0
Company Owned: | Coldwell Banker®
Franchisor Disclosure [Line Items]
Number of offices	708	708	651
Company Owned: | Sotheby’s International Realty®
Franchisor Disclosure [Line Items]
Number of offices	41	41	39
Company Owned: | Corcoran Other [Member]
Franchisor Disclosure [Line Items]
Number of offices	40	38	37

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, 2016USD ($)	Dec. 31, 2016USD ($)franchisedandcompanyownedoffices	Dec. 31, 2016USD ($)Brokerage_Offices	Dec. 31, 2015USD ($)franchisedandcompanyownedoffices	Dec. 31, 2014USD ($)franchisedandcompanyownedoffices
Franchised:
Change in Number of Franchised and Company Owned Outlets [Roll Forward]
Beginning balance		12,771		12,769	13,032
Additions		847		445	311
Terminations/Closures		(304)		(443)	(574)
Ending balance		13,314		12,771	12,769
Company Owned:
Change in Number of Franchised and Company Owned Outlets [Roll Forward]
Beginning balance		787		727	706
Additions		38		74	38
Terminations/Closures		(36)		(14)	(17)
Ending balance		789	790	787	727
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 | $	$ 123	$ 123	$ 123	$ 115
Allowance for franchise conversion and development advance notes | $	1	$ 1	$ 1	1
Forgiveness of franchise conversion and development advance notes | $	$ 19			$ 17	$ 15

Note 6. Property and Equipmen58

Note 6. Property and Equipment, Net Property and Equipment, Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 843	$ 768
Less: accumulated depreciation	(576)	(514)
Property and equipment, net	267	254	$ 233
Depreciation and amortization expense	89	84	$ 74
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	254	242
Capitalized software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	351	310
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	235	213
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, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Accrued payroll and related employee costs	$ 138	$ 140
Accrued volume incentives	40	34
Accrued commissions	31	29
Restructuring accruals	14	9
Deferred income	69	73
Accrued interest	13	13
Contingent consideration for acquisitions	24	27
Other	106	123
Total accrued expenses and other current liabilities	$ 435	$ 448

Note 8. Short And Long-Term D60

Note 8. Short And Long-Term Debt Schedule of Total Indebtedness (Details) - USD ($) $ in Millions		Dec. 31, 2016		Dec. 31, 2015
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt	[1]	$ 3,712
Securitization obligations		205		$ 247
Line of Credit [Member] | Revolving Credit Facility
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Line of Credit		200	[2],[3]	200
Securitization obligations
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Securitization obligations		205		247
Securitization obligations | Apple Ridge Funding LLC
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Securitization obligations		192	[4],[5]	238
Securitization obligations | Cartus Financing Limited
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Securitization obligations		13	[5],[6]	9
Secured Debt [Member] | Term Loan B
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt		1,069	[7]	1,839
Secured Debt [Member] | Term Loan A
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt		411	[8]	433
Secured Debt [Member] | Term Loan A-1
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt		347	[9]	0
Senior Notes [Member]
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Total Short-Term & Long-Term Debt		3,507		3,702
Senior Notes [Member] | 3.375% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt		0		499
Senior Notes [Member] | 4.50% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt		439		434
Senior Notes [Member] | 5.25% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt		545		297
Senior Notes [Member] | 4.875% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term Debt		$ 496		$ 0
[1]	Not included in this table, the Company had $127 million of outstanding letters of credit at December 31, 2016 under the Unsecured Letter of Credit Facility with a weighted average rate of 2.93%. At December 31, 2016 the capacity of the facility was $131 million.
[2]	As of December 31, 2016, the Company had $815 million of borrowing capacity under its Revolving Credit Facility, leaving $615 million of available capacity. The revolving credit facility expires in October 2020, but is classified on the balance sheet as current due to the revolving nature of the facility. See Note 20, "Subsequent Events" for a description of the January 2017 increase of the borrowing capacity under its Revolving Credit Facility. On February 21, 2017, the Company had $200 million outstanding borrowings on the Revolving Credit Facility, leaving $850 million of available capacity.
[3]	Interest rates with respect to revolving loans under the Senior Secured Credit Facility at December 31, 2016 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.
[4]	As of December 31, 2016, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $133 million of available capacity.
[5]	Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[6]	Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of December 31, 2016, the Company had $19 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $6 million of available capacity.
[7]	The Term Loan B provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to term loans under the Term Loan B 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%). See Note 20, "Subsequent Events" for a description of the January 2017 refinancing of the Term Loan B.
[8]	The Term Loan A provides for quarterly amortization payments, which commenced 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 in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the Term Loan A 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.
[9]	The Term Loan A-1 provides for quarterly amortization payments, which commenced on September 30, 2016, totaling per annum 2.5%, 2.5%, 5%, 7.5% and 10.0% of the original principal amount of the Term Loan A-1, with the last amortization payment made on June 30, 2021. The interest rates with respect to term loans under the Term Loan A-1 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.

Note 8. Short And Long-Term D61

Note 8. Short And Long-Term Debt Schedule of Debt (Details) - USD ($) $ in Millions		1 Months Ended	12 Months Ended
		Jan. 31, 2017	Dec. 31, 2016		Feb. 21, 2017	Jul. 20, 2016	Mar. 01, 2016	Dec. 31, 2015		Oct. 23, 2015
Principal Amount
Long-term Debt, Gross	[1]		$ 3,763
Outstanding borrowings, securitization obligations			205					$ 247
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	[1]		51
Net Amount
Outstanding borrowings, long-term debt	[1]		3,712
Outstanding borrowings, securitization obligations			$ 205					247
Letter of Credit, borrowing capacity								125		$ 125
Unsecured Letter of Credit Facility [Member]
Net Amount
Interest Rate			2.93%
Outstanding letter of credit			$ 127
Letter of Credit, borrowing capacity			$ 131
LIBOR [Member]
Net Amount
Description of variable interest rate basis			LIBOR
ABR [Member]
Net Amount
Description of variable interest rate basis			ABR
Securitization obligations
Principal Amount
Outstanding borrowings, securitization obligations			$ 205					247
Net Amount
Outstanding borrowings, securitization obligations			205					247
Revolving Credit Facility | Line of Credit [Member]
Principal Amount
Outstanding borrowings, short-term debt, line of credit facility			200	[2],[3]				200
Net Amount
Outstanding borrowings, short-term debt, line of credit facility			200	[2],[3]				200
Line of credit facility borrowing capacity			815							815
Available capacity, line or credit facility			$ 615
Revolving Credit Facility | Line of Credit [Member] | LIBOR [Member] | Less than 2.50 to 1.00
Net Amount
Debt Instrument, basis spread on variable rate			2.00%
Revolving Credit Facility | Line of Credit [Member] | ABR [Member] | Less than 2.50 to 1.00
Net Amount
Debt Instrument, basis spread on variable rate			1.00%
Revolving Credit Facility | Line of Credit [Member] | Subsequent Event
Principal Amount
Outstanding borrowings, short-term debt, line of credit facility					$ 200
Net Amount
Outstanding borrowings, short-term debt, line of credit facility					200
Line of credit facility borrowing capacity		$ 1,050
Available capacity, line or credit facility					$ 850
Term Loan B | LIBOR [Member]
Net Amount
Debt Instrument, basis spread on variable rate			3.00%
Debt Instrument, basis spread on variable rate, floor			0.75%
Term Loan B | ABR [Member]
Net Amount
Debt Instrument, basis spread on variable rate			2.00%
Debt Instrument, basis spread on variable rate, floor			1.75%
Term Loan B | Subsequent Event | LIBOR [Member]
Net Amount
Debt Instrument, basis spread on variable rate		2.25%
Debt Instrument, basis spread on variable rate, floor		0.75%
Term Loan B | Secured Debt [Member]
Principal Amount
Long-term Debt, Gross			$ 1,094	[4]		$ 1,100		1,867
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	[4]		25
Net Amount
Outstanding borrowings, long-term debt			$ 1,069	[4]				1,839
Annual percentage of original principal amount for quarterly amortization payments			1.00%
Term Loan A | Secured Debt [Member]
Principal Amount
Long-term Debt, Gross			$ 413	[5]				435		$ 435
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	[5]		2
Net Amount
Outstanding borrowings, long-term debt			$ 411	[5]				433
Term Loan A | Secured Debt [Member] | LIBOR [Member] | Less than 2.50 to 1.00
Net Amount
Debt Instrument, basis spread on variable rate			2.00%
Term Loan A | Secured Debt [Member] | ABR [Member] | Less than 2.50 to 1.00
Net Amount
Debt Instrument, basis spread on variable rate			1.00%
Term Loan A | Secured Debt [Member] | 2016
Net Amount
Annual percentage of original principal amount for quarterly amortization payments			5.00%
Term Loan A | Secured Debt [Member] | 2017
Net Amount
Annual percentage of original principal amount for quarterly amortization payments			5.00%
Term Loan A | Secured Debt [Member] | 2018
Net Amount
Annual percentage of original principal amount for quarterly amortization payments			7.50%
Term Loan A | Secured Debt [Member] | 2019
Net Amount
Annual percentage of original principal amount for quarterly amortization payments			10.00%
Term Loan A | Secured Debt [Member] | 2020
Net Amount
Annual percentage of original principal amount for quarterly amortization payments			12.50%
Term Loan A-1 | Secured Debt [Member]
Principal Amount
Long-term Debt, Gross			$ 351	[6]		$ 355		0	[5]
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	[6]		4
Net Amount
Outstanding borrowings, long-term debt			$ 347	[6]				0
Term Loan A-1 | Secured Debt [Member] | LIBOR [Member] | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00
Net Amount
Debt Instrument, basis spread on variable rate			2.00%
Term Loan A-1 | Secured Debt [Member] | ABR [Member] | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00
Net Amount
Debt Instrument, basis spread on variable rate			1.00%
Term Loan A-1 | Secured Debt [Member] | 2017
Net Amount
Annual percentage of original principal amount for quarterly amortization payments			2.50%
Term Loan A-1 | Secured Debt [Member] | 2018
Net Amount
Annual percentage of original principal amount for quarterly amortization payments			2.50%
Term Loan A-1 | Secured Debt [Member] | 2019
Net Amount
Annual percentage of original principal amount for quarterly amortization payments			5.00%
Term Loan A-1 | Secured Debt [Member] | 2020
Net Amount
Annual percentage of original principal amount for quarterly amortization payments			7.50%
Term Loan A-1 | Secured Debt [Member] | 2021
Net Amount
Annual percentage of original principal amount for quarterly amortization payments			10.00%
4.50% Senior Notes | Senior Notes [Member]
Principal Amount
Long-term Debt, Gross			$ 450					450
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net			11
Net Amount
Outstanding borrowings, long-term debt			$ 439					434
Interest Rate			4.50%
5.25% Senior Notes | Senior Notes [Member]
Principal Amount
Long-term Debt, Gross			$ 550				$ 300	300
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net			5
Net Amount
Outstanding borrowings, long-term debt			$ 545					297
Interest Rate			5.25%
4.875% Senior Notes | Senior Notes [Member]
Principal Amount
Long-term Debt, Gross			$ 500					0
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net			4
Net Amount
Outstanding borrowings, long-term debt			$ 496					0
Interest Rate			4.875%
Apple Ridge Funding LLC | Securitization obligations
Principal Amount
Outstanding borrowings, securitization obligations			$ 192	[7],[8]				238
Net Amount
Outstanding borrowings, securitization obligations			192	[7],[8]				238
Total capacity, securitization obligations			325
Available capacity, debt			133
Cartus Financing Limited | Securitization obligations
Principal Amount
Outstanding borrowings, securitization obligations			13	[8],[9]				9
Net Amount
Outstanding borrowings, securitization obligations			13	[8],[9]				$ 9
Total capacity, securitization obligations			19
Available capacity, debt			$ 6
[1]	Not included in this table, the Company had $127 million of outstanding letters of credit at December 31, 2016 under the Unsecured Letter of Credit Facility with a weighted average rate of 2.93%. At December 31, 2016 the capacity of the facility was $131 million.
[2]	As of December 31, 2016, the Company had $815 million of borrowing capacity under its Revolving Credit Facility, leaving $615 million of available capacity. The revolving credit facility expires in October 2020, but is classified on the balance sheet as current due to the revolving nature of the facility. See Note 20, "Subsequent Events" for a description of the January 2017 increase of the borrowing capacity under its Revolving Credit Facility. On February 21, 2017, the Company had $200 million outstanding borrowings on the Revolving Credit Facility, leaving $850 million of available capacity.
[3]	Interest rates with respect to revolving loans under the Senior Secured Credit Facility at December 31, 2016 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.
[4]	The Term Loan B provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to term loans under the Term Loan B 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%). See Note 20, "Subsequent Events" for a description of the January 2017 refinancing of the Term Loan B.
[5]	The Term Loan A provides for quarterly amortization payments, which commenced 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 in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the Term Loan A 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.
[6]	The Term Loan A-1 provides for quarterly amortization payments, which commenced on September 30, 2016, totaling per annum 2.5%, 2.5%, 5%, 7.5% and 10.0% of the original principal amount of the Term Loan A-1, with the last amortization payment made on June 30, 2021. The interest rates with respect to term loans under the Term Loan A-1 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.
[7]	As of December 31, 2016, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $133 million of available capacity.
[8]	Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[9]	Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of December 31, 2016, the Company had $19 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $6 million of available capacity.

Note 8. Short And Long-Term D62

Note 8. Short And Long-Term Debt Debt Maturities Table (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016		Dec. 31, 2015
Maturities of Long-term Debt [Abstract]
2017 (a)	[1]		$ 242
2,018			57
2,019			527
2,020			356
2,021			$ 837
Long-term Debt Maturities, Years Presented			5 years
Revolving Credit Facility | Line of Credit [Member]
Maturities of Long-term Debt [Abstract]
Long-term Line of Credit			$ 200	[2],[3]	$ 200
Scenario, Forecast [Member] | Secured Debt [Member] | Term Loan A
Maturities of Long-term Debt [Abstract]
Debt Instrument, Periodic Payment, Principal		$ 22
Scenario, Forecast [Member] | Secured Debt [Member] | Term Loan A-1
Maturities of Long-term Debt [Abstract]
Debt Instrument, Periodic Payment, Principal		9
Scenario, Forecast [Member] | Secured Debt [Member] | Term Loan B
Maturities of Long-term Debt [Abstract]
Debt Instrument, Periodic Payment, Principal		$ 11
[1]	The current portion of long-term debt consists of four quarters of 2017 amortization payments totaling $22 million, $9 million and $11 million for the Term Loan A, Term Loan A-1 and Term Loan B facilities, respectively, as well as $200 million of revolver borrowings under the revolving credit facility which expires in October 2020, but are classified on the balance sheet as current due to the revolving nature of the facility.
[2]	As of December 31, 2016, the Company had $815 million of borrowing capacity under its Revolving Credit Facility, leaving $615 million of available capacity. The revolving credit facility expires in October 2020, but is classified on the balance sheet as current due to the revolving nature of the facility. See Note 20, "Subsequent Events" for a description of the January 2017 increase of the borrowing capacity under its Revolving Credit Facility. On February 21, 2017, the Company had $200 million outstanding borrowings on the Revolving Credit Facility, leaving $850 million of available capacity.
[3]	Interest rates with respect to revolving loans under the Senior Secured Credit Facility at December 31, 2016 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.

Note 8. Short And Long-Term D63

Note 8. Short And Long-Term Debt Senior Secured Credit Facility (Details) - USD ($) $ in Millions		1 Months Ended	12 Months Ended
		Jan. 31, 2017	Dec. 31, 2016		Jul. 20, 2016	Dec. 31, 2015	Oct. 23, 2015	Mar. 05, 2013
Debt Instrument [Line Items]
Long-term Debt, Gross	[1]		$ 3,763
Letter of Credit, borrowing capacity						$ 125	$ 125
Additional Credit Facilities								$ 500
Scenario, Actual [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio			2.16
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
Revolving Credit Facility under Term Loan A Facility
Debt Instrument [Line Items]
Debt Maturity			5 years
Term Loan B | 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 | ABR [Member]
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate			2.00%
Debt Instrument, basis spread on variable rate, floor			1.75%
Line of Credit [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility borrowing capacity			$ 815				$ 815
Line of Credit [Member] | Revolving Credit Facility | Greater than 3.50 to 1.00 | 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 | 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 | 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 | 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 | 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 | ABR [Member]
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate			1.00%
Secured Debt [Member] | Term Loan B
Debt Instrument [Line Items]
Debt Instrument, Repurchase Amount					$ 1,858
Long-term Debt, Gross			$ 1,094	[2]	$ 1,100	$ 1,867
Annual percentage of original principal amount for quarterly amortization payments			1.00%
Subsequent Event | Term Loan B | LIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.25%
Debt Instrument, basis spread on variable rate, floor		0.75%
Subsequent Event | Line of Credit [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility borrowing capacity		$ 1,050
[1]	Not included in this table, the Company had $127 million of outstanding letters of credit at December 31, 2016 under the Unsecured Letter of Credit Facility with a weighted average rate of 2.93%. At December 31, 2016 the capacity of the facility was $131 million.
[2]	The Term Loan B provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to term loans under the Term Loan B 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%). See Note 20, "Subsequent Events" for a description of the January 2017 refinancing of the Term Loan B.

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, 2016		Jul. 20, 2016	Dec. 31, 2015		Oct. 23, 2015	Mar. 05, 2013
Debt Instrument [Line Items]
Long-term Debt, Gross	[1]	$ 3,763
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
Term Loan A
Debt Instrument [Line Items]
Debt Maturity		5 years
Secured Debt [Member] | Term Loan A
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 413	[2]		$ 435		$ 435
Additional Credit Facilities							$ 500
Secured Debt [Member] | Term Loan A | LIBOR [Member] | Greater than 3.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.50%
Secured Debt [Member] | Term Loan A | LIBOR [Member] | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.25%
Secured Debt [Member] | Term Loan A | LIBOR [Member] | Less than 2.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.00%
Secured Debt [Member] | Term Loan A | ABR [Member] | Greater than 3.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.50%
Secured Debt [Member] | Term Loan A | ABR [Member] | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.25%
Secured Debt [Member] | Term Loan A | ABR [Member] | Less than 2.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.00%
Secured Debt [Member] | Term Loan A | 2016
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		5.00%
Secured Debt [Member] | Term Loan A | 2017
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		5.00%
Secured Debt [Member] | Term Loan A | 2018
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		7.50%
Secured Debt [Member] | Term Loan A | 2019
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		10.00%
Secured Debt [Member] | Term Loan A | 2020
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		12.50%
Secured Debt [Member] | Term Loan A-1
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 351	[3]	$ 355	$ 0	[2]
Secured Debt [Member] | Term Loan A-1 | LIBOR [Member] | Greater than 3.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.50%
Secured Debt [Member] | Term Loan A-1 | LIBOR [Member] | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.25%
Secured Debt [Member] | Term Loan A-1 | LIBOR [Member] | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		2.00%
Secured Debt [Member] | Term Loan A-1 | LIBOR [Member] | Less than 2.00 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.75%
Secured Debt [Member] | Term Loan A-1 | ABR [Member] | Greater than 3.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.50%
Secured Debt [Member] | Term Loan A-1 | ABR [Member] | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.25%
Secured Debt [Member] | Term Loan A-1 | ABR [Member] | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		1.00%
Secured Debt [Member] | Term Loan A-1 | ABR [Member] | Less than 2.00 to 1.00
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate		0.75%
Secured Debt [Member] | Term Loan A-1 | 2017
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		2.50%
Secured Debt [Member] | Term Loan A-1 | 2018
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		2.50%
Secured Debt [Member] | Term Loan A-1 | 2019
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		5.00%
Secured Debt [Member] | Term Loan A-1 | 2020
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		7.50%
Secured Debt [Member] | Term Loan A-1 | 2021
Debt Instrument [Line Items]
Annual percentage of original principal amount for quarterly amortization payments		10.00%
Secured Debt [Member] | Term Loan A Facility [Member] | Maximum [Member] | Required Covenant Ratio to Receive Additional Credit Facilities [Member]
Debt Instrument [Line Items]
Ratio of Indebtedness to Net Capital		350.00%
Ratio of Indebtedness to Net Capital Denominator		100.00%
[1]	Not included in this table, the Company had $127 million of outstanding letters of credit at December 31, 2016 under the Unsecured Letter of Credit Facility with a weighted average rate of 2.93%. At December 31, 2016 the capacity of the facility was $131 million.
[2]	The Term Loan A provides for quarterly amortization payments, which commenced 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 in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the Term Loan A 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.
[3]	The Term Loan A-1 provides for quarterly amortization payments, which commenced on September 30, 2016, totaling per annum 2.5%, 2.5%, 5%, 7.5% and 10.0% of the original principal amount of the Term Loan A-1, with the last amortization payment made on June 30, 2021. The interest rates with respect to term loans under the Term Loan A-1 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.

Note 8. Short And Long-Term D65

Note 8. Short And Long-Term Debt Unsecured Notes (Details) - USD ($) $ in Millions		3 Months Ended
		Jun. 30, 2016	Dec. 31, 2016	May 26, 2016	Mar. 01, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term Debt, Gross	[1]		$ 3,763
Line of Credit [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Proceeds from Issuance of Debt		$ 400
Senior Notes [Member] | 3.375% Senior Notes
Debt Instrument [Line Items]
Interest Rate			3.375%
Long-term Debt, Gross			$ 0			$ 500
Repayments of Subordinated Debt		$ 500
Senior Notes [Member] | 4.50% Senior Notes
Debt Instrument [Line Items]
Interest Rate			4.50%
Long-term Debt, Gross			$ 450			450
Senior Notes [Member] | 5.25% Senior Notes
Debt Instrument [Line Items]
Interest Rate			5.25%
Long-term Debt, Gross			$ 550		$ 300	300
Senior Notes [Member] | Additional 5.25% Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross					$ 250
Senior Notes [Member] | 4.875% Senior Notes
Debt Instrument [Line Items]
Interest Rate			4.875%
Long-term Debt, Gross			$ 500			$ 0
Debt Instrument, Face Amount				$ 500
[1]	Not included in this table, the Company had $127 million of outstanding letters of credit at December 31, 2016 under the Unsecured Letter of Credit Facility with a weighted average rate of 2.93%. At December 31, 2016 the capacity of the facility was $131 million.

Note 8. Short And Long-Term D66

Note 8. Short And Long-Term Debt Other Debt Facilities (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Oct. 23, 2015
Line of Credit Facility [Line Items]
Letter of Credit, borrowing capacity		$ 125	$ 125
Unsecured Letter of Credit Facility [Member]
Line of Credit Facility [Line Items]
Letter of Credit, borrowing capacity	$ 131
Outstanding letter of credit	127
Unsecured Letter of Credit Facility [Member] | September 2018
Line of Credit Facility [Line Items]
Letter of Credit, borrowing capacity	65
Unsecured Letter of Credit Facility [Member] | December 2019
Line of Credit Facility [Line Items]
Letter of Credit, borrowing capacity	$ 66

Note 8. Short And Long-Term D67

Note 8. Short And Long-Term Debt Securitization Obligations (Details) £ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)		Dec. 31, 2015USD ($)	Dec. 31, 2016GBP (£)
Debt Instrument [Line Items]
Securitization obligations	$ 205		$ 247
Securitization obligations
Debt Instrument [Line Items]
Securitization obligations	205		247
Relocation receivables and other related relocation assets that collateralize securitization obligations	238		281
Interest expense on securitization obligations	$ 6		$ 6
Weighted average interest rate on securitization obligations	2.60%		2.10%	2.60%
Apple Ridge Funding LLC | Securitization obligations
Debt Instrument [Line Items]
Total capacity, securitization obligations	$ 325
Securitization obligations	192	[1],[2]	$ 238
Cartus Financing Limited | Securitization obligations
Debt Instrument [Line Items]
Total capacity, securitization obligations	19
Securitization obligations	$ 13	[2],[3]	$ 9
Cartus Financing Limited | Revolving Credit Facility | Securitization obligations
Debt Instrument [Line Items]
Total capacity, securitization obligations | £				£ 10
Cartus Financing Limited | Working Capital Facility [Member] | Securitization obligations
Debt Instrument [Line Items]
Total capacity, securitization obligations | £				£ 5
[1]	As of December 31, 2016, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $133 million of available capacity.
[2]	Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[3]	Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of December 31, 2016, the Company had $19 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $6 million of available capacity.

Note 8. Short And Long-Term D68

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, 2016	Dec. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Loss on the early extinguishment of debt	$ 48	$ 0	$ 48	$ 47
Write off of Deferred Debt Issuance Cost				$ 3

Note 9. Employee Benefit Plan69

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, 2016	Dec. 31, 2015
Net Periodic Benefit Cost
Net periodic pension cost	$ 1	$ 1
Interest cost	6	6
Actuarial loss	2	2
Expected return on plan assets	(7)	(8)
Benefit Obligations
Benefit Obligation	147	149
Fair value of plan assets	104	106
Underfunded at end of year	$ 43	$ 43

Note 9. Employee Benefit Plan70

Note 9. Employee Benefit Plans Estimated Future Funding (Details) - Defined Benefit Pension Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Expected Future Benefit Payments, Fiscal Year Maturity
2,017		$ 9
2,018		9
2,019		10
2,020		10
2,021		10
2022 through 2026		$ 49
Scenario, Forecast [Member]
Expected Future Benefit Payments, Fiscal Year Maturity
Estimated minimum funding required during 2017	$ 6

Note 9. Employee Benefit Plan71

Note 9. Employee Benefit Plans Fair Value of Plan Assets by Category (Details) - Defined Benefit Pension Plan - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 104	$ 106
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1	2
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	74	74
Bond funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	29	30
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1	2
Fair Value, Inputs, Level 1 [Member] | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1	2
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	103	104
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	74
Fair Value, Inputs, Level 2 [Member] | Bond funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	29	30
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 Plan72

Note 9. Employee Benefit Plans Other Employee Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Employee Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Benefit Obligation	$ 6	$ 7
Defined Contribution Savings Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension and Other Postretirement Benefit Expense	$ 15	$ 14	$ 12

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, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Domestic	$ 351	$ 290	$ 230
Foreign	10	8	4
Pretax income (loss)	$ 361	$ 298	$ 234

Note 10. Income Taxes Income 74

Note 10. Income Taxes Income Tax Provision (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal	$ 10	$ 8	$ 5
State	8	3	1
Foreign	2	3	4
Current Income Tax Expense (Benefit)	20	14	10
Deferred:
Federal	107	91	76
State	16	4	1
Foreign	1	1	0
Deferred Income Tax Expense (Benefit)	124	96	77
Income tax expense	$ 144	$ 110	$ 87

Note 10. Income Taxes Reconcili

Note 10. Income Taxes Reconciliation of Effective Tax Rate (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
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	4.00%	2.00%	5.00%
Permanent differences	1.00%	1.00%	2.00%
Net change in valuation allowance	0.00%	1.00%	(3.00%)
Other	0.00%	(2.00%)	(2.00%)
Effective income tax rate	40.00%	37.00%	37.00%

Note 10. Income Taxes Deferred

Note 10. Income Taxes Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Deferred income tax assets:
Net operating loss carryforwards	$ 503	$ 654
Tax credit carryforwards	41	28
Accrued liabilities	131	123
Minimum pension obligation	23	23
Provision for doubtful accounts	16	18
Liability for unrecognized tax benefits	3	6
Deferred Tax Assets, Derivative Instruments	8	11
Other	0	1
Total deferred tax assets	725	864
Less: valuation allowance	(10)	(11)
Total deferred income tax assets after valuation allowance	715	853
Deferred income tax liabilities:
Depreciation and amortization	1,099	1,105
Change in tax return accounting methods	0	9
Prepaid expenses	1	2
Undistributed foreign earnings	2	2
Basis difference in investment in joint ventures	2	1
Total deferred tax liabilities	1,104	1,119
Net deferred income tax liabilities	(389)	(266)
Deferred Tax Assets, Net, Classification [Abstract]
Deferred Tax Assets, non-current		1
Deferred Tax Liabilities, Net, Noncurrent	389	267
Net deferred income tax liabilities	(389)	$ (266)
Operating Loss Carryforwards	$ 1,253

Note 10. Income Taxes Accountin

Note 10. Income Taxes Accounting for Uncertainty in Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits	$ (78)	$ (106)	$ (113)	$ (78)
Unrecognized Tax Benefits that Would Impact Effective Tax Rate				70
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	$ 4	1
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns
Unrecognized Tax Benefits, Beginning of Period	(78)	(106)	(113)
Gross increases—tax positions in prior periods	3		1
Gross decreases—tax positions in prior periods		(4)	(8)
Gross increases—tax positions in current period		(1)	(3)
Settlements		23	1
Reduction due to lapse of statute of limitations	(3)	(2)	(2)
Unrecognized Tax Benefits, End of Period	$ (78)	$ (78)	$ (106)

Note 10. Income Taxes Tax Shari

Note 10. Income Taxes Tax Sharing Agreement (Details)	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Guaranty Arrangement Percentage of Obligations Assumed by Realogy	62.50%

Note 11. Restructuring Costs 79

Note 11. Restructuring Costs Restructuring Costs (Details) - USD ($) $ in Millions		3 Months Ended					6 Months Ended	12 Months Ended					15 Months Ended
		Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2016	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2016
Restructuring Reserve [Roll Forward]
Restructuring costs, net		$ 9	$ 9	$ 12	$ 9	$ 10		$ 39		$ 10		$ (1)
Real Estate Franchise Services
Restructuring Reserve [Roll Forward]
Restructuring costs, net								4
Company Owned Real Estate Brokerage Services
Restructuring Reserve [Roll Forward]
Restructuring costs, net								22		5
Relocation Services
Restructuring Reserve [Roll Forward]
Restructuring costs, net								4		1
Title and Settlement Services
Restructuring Reserve [Roll Forward]
Restructuring costs, net								1
2015-2016 Business Optimization Plan [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2015					9	0	$ 0	9					$ 0
Restructuring costs, net						10		39		10
Costs paid or otherwise settled						(1)		(32)
Balance at December 31, 2016		16				9		16		9			16
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		65						65					65
Amount incurred to date							49						49
Total amount remaining to be incurred		16						16					16
2015-2016 Business Optimization Plan [Member] | Real Estate Franchise Services
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		5						5					5
Amount incurred to date							4
Total amount remaining to be incurred		1						1					1
2015-2016 Business Optimization Plan [Member] | Company Owned Real Estate Brokerage Services
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		40						40					40
Amount incurred to date							27
Total amount remaining to be incurred		13						13					13
2015-2016 Business Optimization Plan [Member] | Relocation Services
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		5						5					5
Amount incurred to date							5
Total amount remaining to be incurred		0						0					0
2015-2016 Business Optimization Plan [Member] | Title and Settlement Services
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		1						1					1
Amount incurred to date							1
Total amount remaining to be incurred		0						0					0
2015-2016 Business Optimization Plan [Member] | Corporate [Member]
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		14						14					14
Amount incurred to date							12
Total amount remaining to be incurred		2						2					2
2014 Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment												(1)
Personnel-related costs | 2015-2016 Business Optimization Plan [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2015					3	0	0	3					0
Restructuring costs, net						3		22	[1]	3	[1]
Costs paid or otherwise settled						0		(16)
Balance at December 31, 2016		9				3		9		3			9
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		35						35					35
Amount incurred to date													25
Total amount remaining to be incurred		10						10					10
Personnel-related costs | 2014 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net	[1]											0
Facility-related costs | 2015-2016 Business Optimization Plan [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2015					3	0	0	3					0
Restructuring costs, net						3		10	[2]	3	[2]
Costs paid or otherwise settled						0		(6)
Balance at December 31, 2016		7				3		7		3			7
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		17						17					17
Amount incurred to date													13
Total amount remaining to be incurred		4						4					4
Facility-related costs | 2014 Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment	[2]											(1)
Accelerated depreciation related to asset disposals | 2015-2016 Business Optimization Plan [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2015					0	0	0	0					0
Restructuring costs, net						0		1		0
Costs paid or otherwise settled						0		(1)
Balance at December 31, 2016		0				0		0		0			0
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		2						2					2
Amount incurred to date													1
Total amount remaining to be incurred		1						1					1
Accelerated depreciation related to asset disposals | 2014 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net												0
Other restructuring costs | 2015-2016 Business Optimization Plan [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2015					$ 3	0	$ 0	3					0
Restructuring costs, net						4		6	[3]	4
Costs paid or otherwise settled						(1)		(9)
Balance at December 31, 2016		0				$ 3		0		$ 3			0
Restructuring and Related Cost, Expected Cost [Abstract]
Total amount expected to be incurred		11						11					11
Amount incurred to date													10
Total amount remaining to be incurred		$ 1						$ 1					$ 1
Other restructuring costs | 2014 Restructuring Plan [Member]
Restructuring Reserve [Roll Forward]
Restructuring costs, net												$ 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 which are primarily included in the Corporate and Other business segment.

Note 12. Stock-Based Compensa80

Note 12. Stock-Based Compensation Introduction Narrative (Details)	1 Months Ended		12 Months Ended
	Aug. 31, 2016$ / shares	May 31, 2016shares	Dec. 31, 2016Performance_metrics$ / sharesshares	Dec. 31, 2015$ / shares	Dec. 31, 2014$ / shares	May 04, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized		9,800,000
Number of RSUs & PSUs deducted from share reserve for each share granted						2.22
Shares available for future grant under the plan (in shares)			8,300,000
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
RSUs and PSUs shares awarded subject to approval of the Amended and Restated Long-Term Incentive Plan						400,000
Common Stock, Dividends, Per Share, Declared | $ / shares	$ 0.09		$ 0.18	$ 0	$ 0
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%
Restricted Stock [Member]
Stock options vesting period			3 years
Maximum [Member]
Shares authorized for issuance under the plan (in shares)			19,400,000
2015 | Performance Share Units
Stock options vesting period			3 years
Number of performance metrics | Performance_metrics			2
The first performance metric | Performance_metrics			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%
2016 | Performance Share Units
Stock options vesting period			3 years
Number of performance metrics | Performance_metrics			2
The first performance metric | Performance_metrics			1
2016 | RTSR [Member] | Minimum [Member] | Performance Share Units
Award Vesting Percentage			0.00%
2016 | RTSR [Member] | Maximum [Member] | Performance Share Units
Award Vesting Percentage			175.00%
2016 | Cumulative Free Cash Flow [Member] | Minimum [Member] | Performance Share Units
Award Vesting Percentage			0.00%
2016 | Cumulative Free Cash Flow [Member] | Maximum [Member] | Performance Share Units
Award Vesting Percentage			200.00%

Note 12. Stock-Based Compensa81

Note 12. Stock-Based Compensation Incentive Equity Awards Activity - Summary of Market Performance Units Valuation Assumptions (Details) - Performance Share Units - RTSR [Member]	12 Months Ended
	Dec. 31, 2016$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 27.99
Weighted average correlation coefficient	0.58
Weighted average risk-free interest rate	0.90%
Weighted average dividend yield	0.00%
XHB [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average expected volatility	19.40%
Realogy and comparable companies [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average expected volatility	28.10%

Note 12. Stock-Based Compensa82

Note 12. Stock-Based Compensation Incentive Equity Awards Activity - Summary of Restricted Stock Unit and Performance Unit Activity (Details) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)$ / sharesshares
Restricted Stock Units
Equity Instruments Other than Options, Number of Shares Roll Forward
Unvested at January 1, 2016 | shares	1,000
Granted | shares	1,000
Vested (a) | shares	(500)	[1]
Forfeited/Expired | shares	(100)
Unvested at December 31, 2016 | shares	1,400
Equity Instruments Other than Options, Weighted Average Grant Date Fair Value Roll Forward
Unvested at January 1, 2016 | $ / shares	$ 46.36
Granted | $ / shares	32.29
Vested (a) | $ / shares	45.84	[1]
Forfeited/Expired | $ / shares	37.61
Unvested at December 31, 2016 | $ / shares	$ 37.53
Fair Value of Shares Vested in Period | $	$ 23
Performance Share Units
Equity Instruments Other than Options, Number of Shares Roll Forward
Unvested at January 1, 2016 | shares	900
Granted | shares	600	[2]
Vested (a) | shares	(400)	[3]
Forfeited/Expired | shares	(100)	[4]
Unvested at December 31, 2016 | shares	1,000
Equity Instruments Other than Options, Weighted Average Grant Date Fair Value Roll Forward
Unvested at January 1, 2016 | $ / shares	$ 44.97
Granted | $ / shares	31.89	[2]
Vested (a) | $ / shares	44.27	[3]
Forfeited/Expired | $ / shares	46.69	[4]
Unvested at December 31, 2016 | $ / shares	$ 36.71
Fair Value of Shares Vested in Period | $	$ 15
[1]	(a)The total fair value of RSUs which vested during the year ended December 31, 2016 was $23 million.
[2]	(a)The PSU amounts granted 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, 2016 was $15 million.
[4]	(c)Includes the difference between PSU's granted at target and amounts earned.

Note 12. Stock-Based Compensa83

Note 12. Stock-Based Compensation Incentive Equity Awards Activity - Summary of Stock Options Valuation Assumptions (Details) - Options - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value Assumptions
Weighted average grant date fair value	$ 10.81	$ 17.66	$ 18.35
Weighted average expected volatility	31.70%	36.10%	41.50%
Weighted average expected term (years)	6 years 3 months	6 years 3 months	6 years 3 months
Weighted average risk-free interest rate	1.30%	1.60%	1.40%
Weighted average dividend yield	0.06%	0.00%	0.00%

Note 12. Stock-Based Compensa84

Note 12. Stock-Based Compensation Incentive Equity Awards Activity - Summary of Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions		12 Months Ended
		Dec. 31, 2016		Dec. 31, 2015	Dec. 31, 2014
Options, Weighted Average Exercise Price Roll Forward
Proceeds from exercise of stock options		$ 2		$ 5	$ 6
Options
Options, Number of Shares Roll Forward
Outstanding at January 1, 2016		3,200
Granted		300
Exercised (a) (b)	[1],[2]	(100)
Forfeited/Expired		(100)
Outstanding at December 31, 2016 (c)		3,300	[3]	3,200
Options, Weighted Average Exercise Price Roll Forward
Outstanding at January 1, 2016		$ 31.42
Granted		32.33
Exercised (a) (b)	[1],[2]	19.86
Forfeited/Expired		36.76
Outstanding at December 31, 2016 (c)		$ 31.73	[3]	$ 31.42
Intrinsic value of options exercised		$ 1
Proceeds from exercise of stock options		2
Intrinsic value of outstanding options		$ 7
Weighted average remaining contractual life of outstanding options		5 years 12 months
[1]	(a)The intrinsic value of options exercised during the year ended December 31, 2016 was $1 million.
[2]	(b)Cash received from options exercised during the year ended December 31, 2016 was $2 million.
[3]	(c)Options outstanding at December 31, 2016 have an intrinsic value of $7 million and have a weighted average remaining contractual life of 6 years.

Note 12. Stock-Based Compensa85

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, 2016USD ($)$ / sharesshares
Exercisable Stock Options, Additional Disclosures
Weighted Average Remaining Contractual Term	5 years 5 months
$15.00 to $50.00
Exercisable Stock Options, Additional Disclosures
Options Vested (a) | shares	2,630	[1]
Weighted Average Exercise Price | $ / shares	$ 26.48
Aggregate Intrinsic Value | $	$ 6,700
$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, 2016 have a weighted average remaining contractual life of 5.4 years.

Note 12. Stock-Based Compensa86

Note 12. Stock-Based Compensation Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Unrecognized compensation cost	$ 32
Remaining weighted average period	1 year 2 months
Stock-based compensation expense	$ 57	$ 57	$ 41

Note 13. Separation Adjustmen87

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, 2016USD ($)	Dec. 31, 2015USD ($)	Jul. 31, 2006Independent_Companies
Related Party Transactions [Abstract]
Cendant Spin-off Number of New Independent Companies			4
Number of New Independent Companies per Cendant Business Unit			1
Guaranty Arrangement Percentage of Obligations Assumed by Realogy	62.50%
Due to former parent | $	$ 28	$ 31

Note 14. Commitments And Cont88

Note 14. Commitments And Contingencies Litigation and Tax Matters (Details)	Dec. 31, 2016
Commitments and Contingencies - Litigation [Abstract]
Guaranty Arrangement Percentage of Obligations Assumed by Realogy	62.50%
Guaranty Arrangement Percentage of Obligations Assumed by Wyndham	37.50%

Note 14. Commitments And Cont89

Note 14. Commitments And Contingencies Contingent Liability Letter of Credit (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Line of Credit Facility [Line Items]
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 Cont90

Note 14. Commitments And Contingencies Escrow and Trust Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Loss Contingencies [Line Items]
Escrow and trust deposits	$ 415,000	$ 308,000
Maximum [Member]
Loss Contingencies [Line Items]
Cash, FDIC Insured Amount	$ 250

Note 14. Commitments And Cont91

Note 14. Commitments And Contingencies Future Minimum Lease Payments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,017	$ 161
2,018	130
2,019	104
2,020	79
2,021	125
Thereafter	124
Total future minimum operating lease payments due	723
Capital lease obligations	27	$ 26
Imputed interest	2	2
Rent expense	$ 186	$ 179	$ 166

Note 14. Commitments And Cont92

Note 14. Commitments And Contingencies Purchase Commitments and Minimum Licensing Fees (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Purchase Obligation, Fiscal Year Maturity [Abstract]
2,017	$ 74
2,018	26
2,019	13
2,020	11
2,021	9
Thereafter	240
Total purchase obligations	373
Purchase commitments	113
Sotheby’s International Realty®
Purchase Obligation, Fiscal Year Maturity [Abstract]
Licensing fees	2
Meredith Corporation [Member] | Minimum [Member]
Purchase Obligation, Fiscal Year Maturity [Abstract]
Licensing fees	0.5
Meredith Corporation [Member] | Maximum [Member]
Purchase Obligation, Fiscal Year Maturity [Abstract]
Licensing fees	$ 4

Note 14. Commitments And Cont93

Note 14. Commitments And Contingencies Other Guarantees, Insurance and Self-Insurance (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Loss Contingencies [Line Items]
Insurance liabilities	$ 31,000	$ 31,000
Self insurance accruals	21,000	$ 19,000
Maximum [Member]
Loss Contingencies [Line Items]
Guarantees, gross	8,000
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, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Beginning of Period Balance		$ (36)
Income tax (expense) benefit		(3)	$ 0	$ (11)
Current period change		(4)	(1)	(16)
Accumulated Other Comprehensive Income (Loss), End of Period Balance		(40)	(36)
Currency Translation Adjustments (1)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Beginning of Period Balance	[1]	(3)	0	2
Other comprehensive income (loss) before reclassifications	[1]	(5)	(4)	(4)
Amounts reclassified from accumulated other comprehensive income	[1]	0	0	0
Income tax (expense) benefit	[1]	2	1	2
Current period change	[1]	(3)	(3)	(2)
Accumulated Other Comprehensive Income (Loss), End of Period Balance	[1]	(6)	(3)	0
Minimum Pension Liability Adjustment | Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Beginning of Period Balance		(33)	(35)	(21)
Other comprehensive income (loss) before reclassifications		(3)	1	(24)
Amounts reclassified from accumulated other comprehensive income	[2]	1	2	1
Income tax (expense) benefit		1	(1)	9
Current period change		(1)	2	(14)
Accumulated Other Comprehensive Income (Loss), End of Period Balance		(34)	(33)	(35)
Accumulated Other Comprehensive Loss (2)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Beginning of Period Balance	[3]	(36)	(35)	(19)
Other comprehensive income (loss) before reclassifications	[3]	(8)	(3)	(28)
Amounts reclassified from accumulated other comprehensive income	[3]	1	2	1
Income tax (expense) benefit	[3]	3	0	11
Current period change	[3]	(4)	(1)	(16)
Accumulated Other Comprehensive Income (Loss), End of Period Balance	[3]	$ (40)	$ (36)	$ (35)
[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 amounts represent the amortization of actuarial loss to periodic pension cost and were reclassified from accumulated other comprehensive income to the general and administrative expenses line on the statement of operations.
[3]	As of December 31, 2016, 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 ($) $ / shares in Units, $ in Millions		1 Months Ended	12 Months Ended
		Aug. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Equity Table [Line Items]
Balance			$ 2,422	$ 2,183	$ 2,013
Cumulative Effect of New Accounting Principle in Period of Adoption				5
Net income			217	188	147
Other comprehensive income			(4)	(1)	(16)
Stock Repurchased and Retired During Period, Value			195
Dividends of Common Stock, Cash			(26)
Total Dividends			$ 29	$ 4	4
Capital contributions from noncontrolling interests					$ 1
Common Stock, Dividends, Per Share, Declared		$ 0.09	$ 0.18	$ 0	$ 0
Balance			$ 2,469	$ 2,422	$ 2,183
Realogy Group [Member]
Statement of Equity Table [Line Items]
Balance			2,422	2,183	2,013
Cumulative Effect of New Accounting Principle in Period of Adoption				5
Net income			217	188	147
Other comprehensive income			(4)	(1)	(16)
Stock Repurchased and Retired During Period, Value			195
Contributions from Realogy Holdings			2	5	6
Stock-based compensation			51	51	36
Total Dividends			29	4	4
Capital contributions from noncontrolling interests					1
Balance			2,469	2,422	2,183
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			5,733	5,677	5,635
Stock Repurchased and Retired During Period, Value			195
Balance			5,565	5,733	5,677
Additional Paid-In Capital | Realogy Group [Member]
Statement of Equity Table [Line Items]
Balance			5,734	5,678	5,636
Stock Repurchased and Retired During Period, Value			195
Contributions from Realogy Holdings			2	5	6
Stock-based compensation			51	51	36
Dividends of Common Stock, Cash			(26)
Balance			5,566	5,734	5,678
Accumulated Deficit
Statement of Equity Table [Line Items]
Balance			(3,280)	(3,464)	(3,607)
Cumulative Effect of New Accounting Principle in Period of Adoption				5
Net income			213	184	143
Balance			(3,062)	(3,280)	(3,464)
Accumulated Deficit | Realogy Group [Member]
Statement of Equity Table [Line Items]
Balance			(3,280)	(3,464)	(3,607)
Cumulative Effect of New Accounting Principle in Period of Adoption				5
Net income			213	184	143
Balance			(3,062)	(3,280)	(3,464)
Accumulated Other Comprehensive Loss
Statement of Equity Table [Line Items]
Balance			(36)	(35)	(19)
Other comprehensive income	[1]		(4)	(1)	(16)
Balance			(40)	(36)	(35)
Accumulated Other Comprehensive Loss | Realogy Group [Member]
Statement of Equity Table [Line Items]
Balance			(36)	(35)	(19)
Other comprehensive income			(4)	(1)	(16)
Balance			(40)	(36)	(35)
Non- controlling Interests
Statement of Equity Table [Line Items]
Balance			4	4	3
Net income			4	4	4
Dividends			(3)	(4)	(4)
Balance			5	4	4
Non- controlling Interests | Realogy Group [Member]
Statement of Equity Table [Line Items]
Balance			4	4	3
Net income			4	4	4
Dividends			(3)	(4)	(4)
Capital contributions from noncontrolling interests					1
Balance			$ 5	$ 4	$ 4
[1]	As of December 31, 2016, 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, 2016		Sep. 30, 2016		Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Feb. 24, 2016
Earnings Per Share [Abstract]
Net income attributable to Realogy Holdings shareholders		$ 57		$ 106		$ 92		$ (42)		$ 9		$ 110		$ 97		$ (32)		$ 213	$ 184	$ 143
Basic weighted average shares																		144.5	146.5	146
Stock options, restricted stock, restricted stock units and performance share units (a)	[1]																	1.3	1.6	1.2
Weighted average diluted shares																		145.8	148.1	147.2
Earnings Per Share, Basic		$ 0.40	[2]	$ 0.74	[2]	$ 0.63	[2]	$ (0.29)	[2]	$ 0.06	[3]	$ 0.75	[3]	$ 0.66	[3]	$ (0.22)	[3]	$ 1.47	$ 1.26	$ 0.98
Earnings Per Share, Diluted		$ 0.40	[2]	$ 0.73	[2]	$ 0.63	[2]	$ (0.29)	[2]	$ 0.06	[3]	$ 0.74	[3]	$ 0.66	[3]	$ (0.22)	[3]	$ 1.46	$ 1.24	$ 0.97
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount																		4.5	3.5	3.3
Stock Repurchases [Line Items]
Stock Repurchased and Retired During Period, Shares																		6.9
Stock Repurchased and Retired During Period, Value																		$ 195
Stock Repurchased and Retired During Period, Weighted Average Market Price																		$ 28.01
Maximum [Member]
Stock Repurchases [Line Items]
Stock Repurchase Program, Authorized Amount																					$ 275
[1]	Excludes 4.5 million, 3.5 million and 3.3 million shares of common stock issuable for incentive equity awards for the years ended December 31, 2016, 2015 and 2014, 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, 2016	Dec. 31, 2015	Dec. 31, 2014
Principal value of variable rate long term debt	$ 2,058
Securitization obligations	$ 205	$ 247
Company Owned Real Estate Brokerage Services | California [Member]
Concentration risk, geographic area, revenue	26.00%	27.00%	28.00%
Company Owned Real Estate Brokerage Services | New York [Member]
Concentration risk, geographic area, revenue	22.00%	23.00%	24.00%
Company Owned Real Estate Brokerage Services | Florida [Member]
Concentration risk, geographic area, revenue	9.00%	10.00%	10.00%
Minimum [Member]
Fixed interest rate of swaps	2.07%
Maximum [Member]
Fixed interest rate of swaps	2.89%
Interest rate swap contracts
Notional value of derivative instrument	$ 1,475
Interest rate swap contracts | Not Designated as Hedging Instruments | Other non-current liabilities
Fair value of interest rate derivative liabilities	33	$ 47
Foreign exchange contracts
Notional value of derivative instrument	29	33
Securitization obligations
Securitization obligations	$ 205	$ 247

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest rate swap contracts
Derivative [Line Items]
Notional value of derivative instrument	$ 1,475
Foreign exchange contracts
Derivative [Line Items]
Notional value of derivative instrument	29	$ 33
Maximum [Member] | Foreign exchange contracts
Derivative [Line Items]
Fair value of derivative instrument	2	1
Not Designated as Hedging Instruments | Interest expense | Interest rate swap contracts
Derivative [Line Items]
(Gain) or Loss Recognized on Derivatives	6	20	$ 32
Not Designated as Hedging Instruments | Operating expense | Foreign exchange contracts
Derivative [Line Items]
(Gain) or Loss Recognized on Derivatives	(2)	(2)	$ (3)
Other non-current liabilities | Not Designated as Hedging Instruments | Interest rate swap contracts
Derivative [Line Items]
Fair value of interest rate derivative liabilities	33	$ 47
July 2012 [Member] | Interest rate swap contracts
Derivative [Line Items]
Notional value of derivative instrument	225
January 2013 [Member] | Interest rate swap contracts
Derivative [Line Items]
Notional value of derivative instrument	200
August 2015 [Member] | Interest rate swap contracts
Derivative [Line Items]
Notional value of derivative instrument	600
November 2017 [Member] | Interest rate swap contracts
Derivative [Line Items]
Notional value of derivative instrument	$ 450

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis, Alternative [Abstract]
Fair Value of contingent consideration at December 31, 2015	$ 50	$ 59
Additions: contingent consideration completed during the period	19
Reduction: payment of contingent consideration	26
Fair Value of contingent consideration at December 31, 2016	(2)
Interest rate swap contracts | Fair Value Measurements Recurring Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps (included in other current and non-current liabilities)	33	47
Interest rate swap contracts | Fair Value Measurements Recurring Member | 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 | Fair Value Measurements Recurring Member | 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)	33	47
Interest rate swap contracts | Fair Value Measurements Recurring Member | 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
Deferred Compensation Plan Assets [Member] | Fair Value Measurements Recurring Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets (included in other non-current assets)	3	3
Deferred Compensation Plan Assets [Member] | Fair Value Measurements Recurring Member | 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	3
Deferred Compensation Plan Assets [Member] | Fair Value Measurements Recurring Member | 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
Deferred Compensation Plan Assets [Member] | Fair Value Measurements Recurring Member | 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
Contingent Consideration for Acquisitions [Member] | Fair Value Measurements Recurring Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	50	59
Contingent Consideration for Acquisitions [Member] | Fair Value Measurements Recurring Member | Level I
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	0	0
Contingent Consideration for Acquisitions [Member] | Fair Value Measurements Recurring Member | Level II
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	0	0
Contingent Consideration for Acquisitions [Member] | Fair Value Measurements Recurring Member | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Liabilities, Fair Value Disclosure	$ 50	$ 59

Fair Value Indebtedness Table (

Fair Value Indebtedness Table (Details) - USD ($) $ in Millions		Dec. 31, 2016		Jul. 20, 2016	Mar. 01, 2016	Dec. 31, 2015		Oct. 23, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Gross	[1]	$ 3,763
Securitization obligations		205				$ 247
Secured Debt [Member] | Term Loan B
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt		1,100				1,849
Long-term Debt, Gross		1,094	[2]	$ 1,100		1,867
Secured Debt [Member] | Term Loan A
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt		414				426
Long-term Debt, Gross		413	[3]			435		$ 435
Secured Debt [Member] | Term Loan A-1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt		351				0
Long-term Debt, Gross		351	[4]	$ 355		0	[3]
Senior Notes [Member] | 3.375% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt		0				500
Long-term Debt, Gross		0				500
Senior Notes [Member] | 4.50% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt		461				464
Long-term Debt, Gross		450				450
Senior Notes [Member] | 5.25% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt		562				308
Long-term Debt, Gross		550			$ 300	300
Senior Notes [Member] | 4.875% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt		483				0
Long-term Debt, Gross		500				0
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]			200
Line of credit facility fair value		200				200
Securitization obligations
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securitization obligations		205				247
Fair value of securitization obligations		$ 205				$ 247
[1]	Not included in this table, the Company had $127 million of outstanding letters of credit at December 31, 2016 under the Unsecured Letter of Credit Facility with a weighted average rate of 2.93%. At December 31, 2016 the capacity of the facility was $131 million.
[2]	The Term Loan B provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to term loans under the Term Loan B 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%). See Note 20, "Subsequent Events" for a description of the January 2017 refinancing of the Term Loan B.
[3]	The Term Loan A provides for quarterly amortization payments, which commenced 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 in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the Term Loan A 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.
[4]	The Term Loan A-1 provides for quarterly amortization payments, which commenced on September 30, 2016, totaling per annum 2.5%, 2.5%, 5%, 7.5% and 10.0% of the original principal amount of the Term Loan A-1, with the last amortization payment made on June 30, 2021. The interest rates with respect to term loans under the Term Loan A-1 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.
[5]	As of December 31, 2016, the Company had $815 million of borrowing capacity under its Revolving Credit Facility, leaving $615 million of available capacity. The revolving credit facility expires in October 2020, but is classified on the balance sheet as current due to the revolving nature of the facility. See Note 20, "Subsequent Events" for a description of the January 2017 increase of the borrowing capacity under its Revolving Credit Facility. On February 21, 2017, the Company had $200 million outstanding borrowings on the Revolving Credit Facility, leaving $850 million of available capacity.
[6]	Interest rates with respect to revolving loans under the Senior Secured Credit Facility at December 31, 2016 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2016.

Reconciliation of Revenue from

Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended																12 Months Ended
	Dec. 31, 2016		Sep. 30, 2016		Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	$ 1,370		$ 1,644		$ 1,662		$ 1,134		$ 1,325		$ 1,668		$ 1,651		$ 1,062		$ 5,810		$ 5,706		$ 5,328
Real Estate Franchise Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	188		215		221		157		177		214		213		151		781	[1],[2]	755	[1],[2]	716	[1],[2]
Real Estate Franchise Services | Royalties and Marketing Fees [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues																	293		295		283
Company Owned Real Estate Brokerage Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	1,004		1,231		1,268		841		992		1,267		1,289		796		4,344	[1],[2]	4,344	[1],[2]	4,078	[1],[2]
Relocation Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	97		116		109		83		98		124		108		85		405	[1],[2]	415	[1],[2]	419	[1],[2]
Relocation Services | Referral and Relocation Fees [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues																	43		49		42
Title and Settlement Services
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	149		164		149		111		125		147		128		87		573	[1],[2]	487	[1],[2]	398	[1],[2]
Corporate and Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	$ (68)	[3]	$ (82)	[3]	$ (85)	[3]	$ (58)	[3]	$ (67)	[4]	$ (84)	[4]	$ (87)	[4]	$ (57)	[4]	$ (293)	[1],[2],[5]	$ (295)	[1],[2],[5]	$ (283)	[1],[2],[5]
[1]	Revenues for the Relocation Services segment include intercompany referral commissions paid by the Company Owned Real Estate Brokerage Services segment of $43 million for the year ended December 31, 2016, $49 million for the year ended December 31, 2015 and $42 million for the year ended December 31, 2014. 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 $293 million for the year ended December 31, 2016, $295 million for the year ended December 31, 2015 and $283 million for the year ended December 31, 2014. Such amounts are eliminated through the Corporate and Other line.
[3]	Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment.
[4]	Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment.
[5]	Includes the elimination of transactions between segments.

EBITDA (Details)

EBITDA (Details) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Segment Reporting Information [Line Items]
Restructuring costs, net		$ (9)	$ (9)	$ (12)	$ (9)	$ (10)				$ (39)		$ (10)		$ 1
Former parent legacy benefit, net		(3)			1		$ (14)	$ (1)		(2)		(15)		(10)
Loss on the early extinguishment of debt						48				0		48		47
Stock-based compensation expense										57		57		41
EBITDA										733		726		687
Depreciation and amortization										202		201		190
Interest expense, net										174		231		267
Income tax expense										144		110		87
Net income attributable to Realogy Holdings and Realogy Group		$ 57	$ 106	$ 92	$ (42)	$ 9	$ 110	$ 97	$ (32)	213		184		143
Real Estate Franchise Services
Segment Reporting Information [Line Items]
Restructuring costs, net										(4)
EBITDA										516	[1]	495	[2]	463	[3]
Depreciation and amortization										77		77		75
Company Owned Real Estate Brokerage Services
Segment Reporting Information [Line Items]
Restructuring costs, net										(22)		(5)
EBITDA										137	[1]	199	[2]	193	[3]
Depreciation and amortization										49		46		42
Relocation Services
Segment Reporting Information [Line Items]
Restructuring costs, net										(4)		(1)
EBITDA										96	[1]	105	[2]	102	[3]
Depreciation and amortization										31		33		43
Title and Settlement Services
Segment Reporting Information [Line Items]
Restructuring costs, net										(1)
EBITDA										62	[1]	48	[2]	36	[3]
Depreciation and amortization										23		25		15
Corporate and Other
Segment Reporting Information [Line Items]
Restructuring costs, net										(8)		(4)
EBITDA	[4]									(78)	[1]	(121)	[2]	(107)	[3]
Depreciation and amortization										$ 22		$ 20		15
Phantom Value Plan [Member]
Segment Reporting Information [Line Items]
Stock-based compensation expense														2
Zip Realty [Member]
Segment Reporting Information [Line Items]
Business Acquisition, Transaction Costs														$ 10
[1]	(a)Includes $39 million of restructuring charges as follows: $4 million in the Real Estate Franchise Services segment, $22 million in the Company Owned Real Estate Brokerage Services segment, $4 million in the Relocation Services segment, $1 million in Title and Settlement Services segment and $8 million in Corporate and Other, partially offset by a net benefit of $2 million of former parent legacy items for the year ended December 31, 2016.
[2]	(b)Includes $48 million related to the loss on the early extinguishment of debt and restructuring charges of $10 million as follows: $5 million in the Company Owned Real Estate Brokerage Services segment, $1 million in the Relocation Services segment and $4 million in Corporate and Other, partially offset by a net benefit of $15 million of former parent legacy items for the year ended December 31, 2015.
[3]	(c)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.
[4]	(d)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, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	$ 202	$ 201	$ 190
Real Estate Franchise Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	77	77	75
Company Owned Real Estate Brokerage Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	49	46	42
Relocation Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	31	33	43
Title and Settlement Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	23	25	15
Corporate and Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	$ 22	$ 20	$ 15

Reconciliation of Assets from S

Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 7,421	$ 7,531	$ 7,304
Real Estate Franchise Services
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	4,477	4,534
Company Owned Real Estate Brokerage Services
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,249	1,140
Relocation Services
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,081	1,126
Title and Settlement Services
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	416	382
Corporate and Other
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 198	$ 349

Reconciliation of Capital Expen

Reconciliation of Capital Expenditures from Segment to Consolidated (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	$ 87	$ 84	$ 71
Real Estate Franchise Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	8	8	10
Company Owned Real Estate Brokerage Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	44	41	33
Relocation Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	12	14	9
Title and Settlement Services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	9	8	8
Corporate and Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	$ 14	$ 13	$ 11

Geographic Region (Details)

Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net revenues	$ 1,370	$ 1,644	$ 1,662	$ 1,134	$ 1,325	$ 1,668	$ 1,651	$ 1,062	$ 5,810	$ 5,706	$ 5,328
Total assets	7,421				7,531				7,421	7,531	7,304
Net property and equipment	267				254				267	254	233
United States [Member]
Segment Reporting Information [Line Items]
Net revenues									5,683	5,579	5,201
Total assets	7,347				7,450				7,347	7,450	7,219
Net property and equipment	265				252				265	252	232
All Other Countries [Member]
Segment Reporting Information [Line Items]
Net revenues									127	127	127
Total assets	74				81				74	81	85
Net property and equipment	$ 2				$ 2				$ 2	$ 2	$ 1

Selected Quarterly Financial107

Selected Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended																12 Months Ended
	Dec. 31, 2016		Sep. 30, 2016		Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Segment Reporting Information [Line Items]
Net revenues	$ 1,370		$ 1,644		$ 1,662		$ 1,134		$ 1,325		$ 1,668		$ 1,651		$ 1,062		$ 5,810		$ 5,706		$ 5,328
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)	86		176		153		(66)		1		182		157		(58)		349		282		225
Net income (loss) attributable to Realogy Holdings and Realogy Group	$ 57		$ 106		$ 92		$ (42)		$ 9		$ 110		$ 97		$ (32)		$ 213		$ 184		$ 143
Earnings Per Share, Basic and Diluted [Abstract]
Basic earnings per share	$ 0.40	[1]	$ 0.74	[1]	$ 0.63	[1]	$ (0.29)	[1]	$ 0.06	[2]	$ 0.75	[2]	$ 0.66	[2]	$ (0.22)	[2]	$ 1.47		$ 1.26		$ 0.98
Diluted earnings per share	$ 0.40	[1]	$ 0.73	[1]	$ 0.63	[1]	$ (0.29)	[1]	$ 0.06	[2]	$ 0.74	[2]	$ 0.66	[2]	$ (0.22)	[2]	$ 1.46		$ 1.24		$ 0.97
Selected Quarterly Financial Information [Abstract]
Former parent legacy benefit, net	$ (3)						$ 1				$ (14)		$ (1)				$ (2)		$ (15)		$ (10)
Restructuring costs, net	9		$ 9		$ 12		9		$ 10								39		10		(1)
Loss on the early extinguishment of debt									48								0		48		47
Real Estate Franchise Services
Segment Reporting Information [Line Items]
Net revenues	188		215		221		157		177		214		213		$ 151		781	[3],[4]	755	[3],[4]	716	[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)	102	[5]	133	[5]	130	[5]	73	[5]	92	[6]	133	[6]	127	[6]	67	[6]
Selected Quarterly Financial Information [Abstract]
Restructuring costs, net																	4
Company Owned Real Estate Brokerage Services
Segment Reporting Information [Line Items]
Net revenues	1,004		1,231		1,268		841		992		1,267		1,289		796		4,344	[3],[4]	4,344	[3],[4]	4,078	[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)	[5]	55	[5]	63	[5]	(32)	[5]	8	[6]	82	[6]	75	[6]	(28)	[6]
Selected Quarterly Financial Information [Abstract]
Restructuring costs, net																	22		5
Relocation Services
Segment Reporting Information [Line Items]
Net revenues	97		116		109		83		98		124		108		85		405	[3],[4]	415	[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	[5]	34	[5]	22	[5]	(1)	[5]	16	[6]	39	[6]	22	[6]	(1)	[6]
Selected Quarterly Financial Information [Abstract]
Restructuring costs, net																	4		1
Title and Settlement Services
Segment Reporting Information [Line Items]
Net revenues	149		164		149		111		125		147		128		87		573	[3],[4]	487	[3],[4]	398	[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)	6	[5]	17	[5]	21	[5]	(5)	[5]	5	[6]	9	[6]	16	[6]	(7)	[6]
Selected Quarterly Financial Information [Abstract]
Restructuring costs, net																	1
Other
Segment Reporting Information [Line Items]
Net revenues	(68)	[7]	(82)	[7]	(85)	[7]	(58)	[7]	(67)	[8]	(84)	[8]	(87)	[8]	(57)	[8]	(293)	[3],[4],[9]	(295)	[3],[4],[9]	$ (283)	[3],[4],[9]
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)	$ (30)	[5]	$ (63)	[5]	$ (83)	[5]	$ (101)	[5]	$ (120)	[6]	$ (81)	[6]	$ (83)	[6]	$ (89)	[6]
Selected Quarterly Financial Information [Abstract]
Restructuring costs, net																	$ 8		$ 4
[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 $43 million for the year ended December 31, 2016, $49 million for the year ended December 31, 2015 and $42 million for the year ended December 31, 2014. 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 $293 million for the year ended December 31, 2016, $295 million for the year ended December 31, 2015 and $283 million for the year ended December 31, 2014. Such amounts are eliminated through the Corporate and Other line.
[5]	The quarterly results include the following: •former parent legacy cost of $1 million in the first quarter and former parent legacy benefit of $3 million in the fourth quarter; and•restructuring charges of $9 million, $12 million, $9 million and $9 million in the first, second, third and fourth quarters, respectively.
[6]	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.
[7]	Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment.
[8]	Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment.
[9]	Includes the elimination of transactions between segments.

Note 20. Subsequent Events S108

Note 20. Subsequent Events Subsequent Events (Details) - USD ($) shares in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Feb. 23, 2017	Feb. 15, 2017	Oct. 23, 2015
Term Loan B | LIBOR [Member]
Subsequent Event [Line Items]
Debt Instrument, basis spread on variable rate			3.00%
Debt Instrument, basis spread on variable rate, floor			0.75%
Line of Credit [Member] | Revolving Credit Facility
Subsequent Event [Line Items]
Line of credit facility borrowing capacity			$ 815			$ 815
Subsequent Event
Subsequent Event [Line Items]
Cash Expected to Realize from Joint Venture Transactions		$ 30
Subsequent Event | Guaranteed Rate Affinity
Subsequent Event [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent					50.10%
Joint venture investment, ownership percentage					49.90%
Subsequent Event | Term Loan B | LIBOR [Member]
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate Change	7500.00%
Debt Instrument, basis spread on variable rate	2.25%
Debt Instrument, basis spread on variable rate, floor	0.75%
Subsequent Event | Line of Credit [Member] | Revolving Credit Facility
Subsequent Event [Line Items]
Line of credit facility borrowing capacity	$ 1,050
Maximum [Member] | Subsequent Event
Subsequent Event [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased				300