Anywhere Real Estate (HOUS) 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page and DEI Document and

Cover Page and DEI Document and Entity Information - $ / shares	9 Months Ended
	Sep. 30, 2020	Nov. 03, 2020	Dec. 31, 2019
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-35674
Entity Registrant Name	REALOGY HOLDINGS CORP.
Entity Tax Identification Number	20-8050955
Entity Address, Address Line One	175 Park Avenue
Entity Address, City or Town	Madison
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07940
City Area Code	973
Local Phone Number	407-2000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	RLGY
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		115,456,844
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01	$ 0.01
Entity Central Index Key	0001398987
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Realogy Group LLC [Member]
Entity Information [Line Items]
Entity File Number	333-148153
Entity Registrant Name	REALOGY GROUP LLC
Entity Tax Identification Number	20-4381990
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001355001

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues [Abstract]
Net revenues	[1],[2]	$ 1,857	$ 1,550	$ 4,180	$ 4,268
Expenses
Commission and other agent-related costs		1,105	875	2,420	2,405
Operating		342	343	953	1,016
Marketing		56	63	155	200
General and administrative		97	69	230	217
Former parent legacy cost, net	[3]	1	1	1	1
Restructuring costs, net	[4],[5]	13	11	38	29
Impairments	[6]	6	240	460	243
Depreciation and amortization		43	42	134	126
Interest expense, net		48	66	208	209
(Gain) loss on the early extinguishment of debt	[3]	0	(10)	8	(5)
Total expenses		1,711	1,700	4,607	4,441
Income (loss) from continuing operations before income taxes, equity in earnings and noncontrolling interests		146	(150)	(427)	(173)
Income tax expense (benefit) from continuing operations		54	(23)	(67)	(22)
Equity in earnings of unconsolidated entities		53	7	98	15
Net income (loss) from continuing operations		145	(120)	(262)	(136)
(Loss) income from discontinued operations, net of tax		(3)	8	(17)	(5)
Estimated loss on the sale of discontinued operations, net of tax		(43)	0	(97)	0
Net (loss) income from discontinued operations	[7]	(46)	8	(114)	(5)
Net income (loss)		99	(112)	(376)	(141)
Less: Net income attributable to noncontrolling interests		(1)	(1)	(2)	(2)
Net income (loss) attributable to Realogy Holdings and Realogy Group		$ 98	$ (113)	$ (378)	$ (143)
Basic earnings (loss) per share attributable to Realogy Holdings shareholders:
Basic earnings (loss) per share from continuing operations		$ 1.25	$ (1.06)	$ (2.29)	$ (1.21)
Basic (loss) earnings per share from discontinued operations		(0.40)	0.07	(0.99)	(0.04)
Basic earnings (loss) per share		0.85	(0.99)	(3.28)	(1.25)
Earnings Per Share [Abstract]
Diluted earnings (loss) per share from continuing operations		1.23	(1.06)	(2.29)	(1.21)
Diluted (loss) earnings per share from discontinued operations		(0.39)	0.07	(0.99)	(0.04)
Diluted earnings (loss) per share		$ 0.84	$ (0.99)	$ (3.28)	$ (1.25)
Weighted average common and common equivalent shares of Realogy Holdings outstanding:
Basic		115.4	114.3	115.2	114.2
Diluted		116.7	114.3	115.2	114.2
Gross commission income
Revenues [Abstract]
Net revenues	[8]	$ 1,458	$ 1,201	$ 3,227	$ 3,310
Service revenue
Revenues [Abstract]
Net revenues	[9]	230	191	553	503
Franchise fees
Revenues [Abstract]
Net revenues	[10]	133	108	289	290
Other
Revenues [Abstract]
Net revenues	[11]	$ 36	$ 50	$ 111	$ 165
[1]	Revenues for Realogy Franchise Group include intercompany referral commissions related to Realogy Advantage Broker Network paid by Realogy Brokerage Group of $3 million and $8 million for the three and nine months ended September 30, 2020, respectively, and $6 million and $14 million for the three and nine months ended September 30, 2019, respectively. Such amounts are recorded as contra-revenues by Realogy Brokerage Group. There are no other material intersegment transactions.
[2]	Transactions between segments are eliminated in consolidation. Revenues for the Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $97 million and $220 million for the three and nine months ended September 30, 2020, respectively, and $82 million and $224 million for the three and nine months ended September 30, 2019, respectively. Such amounts are eliminated through the Corporate and Other line.
[3]	Former parent legacy items and (Gain) loss on the early extinguishment of debt are recorded in Corporate and Other.
[4]	Restructuring charges for the three months ended September 30, 2020 relate to the Facility and Operational Efficiencies Program. Restructuring charges for the nine months ended September 30, 2020 include $36 million related to the Facility and Operational Efficiencies Program and $2 million related to the Leadership Realignment and Other Restructuring Activities Program. Restructuring charges for the three and nine months ended September 30, 2019 include $10 million and $25 million, respectively, related to the Facility and Operational Efficiencies Program and $1 million and $4 million, respectively, related to prior restructuring programs.
[5]	The three months ended September 30, 2020 includes restructuring charges of $11 million at Realogy Brokerage Group and $2 million at Corporate and Other. The three months ended September 30, 2019 includes restructuring charges of $2 million at Realogy Franchise Group, $8 million at Realogy Brokerage Group and $1 million at Corporate and Other. The nine months ended September 30, 2020 includes restructuring charges of $1 million at Realogy Franchise Group, $32 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $2 million at Corporate and Other. The nine months ended September 30, 2019 includes restructuring charges of $3 million at Realogy Franchise Group, $18 million at Realogy Brokerage Group, $2 million at Realogy Title Group and $6 million at Corporate and Other.
[6]	Impairments for the three months ended September 30, 2020 relate to lease asset impairments. Impairments for the nine months ended September 30, 2020 include a goodwill impairment charge of $413 million (which reduced the net carrying value of Realogy Brokerage Group by $314 million after accounting for the related income tax benefit of $99 million), an impairment charge of $30 million (which reduced the carrying value of trademarks at Realogy Franchise Group) and $17 million related to lease asset impairments.Impairments for the three and nine months ended September 30, 2019 include a goodwill impairment charge of $237 million (which reduced the net carrying value of Realogy Brokerage Group by $180 million after accounting for the related income tax benefit of $57 million). In addition, the three and nine months ended September 30, 2019 include other impairment charges primarily related to lease asset impairments of $3 million and $6 million, respectively.
[7]	Includes estimated loss on the sale of discontinued operations, net of tax of $43 million and $97 million for the three and nine months ended September 30, 2020, respectively.
[8]	Consists primarily of revenues related to gross commission income at Realogy Brokerage Group, which is recognized at a point in time at the closing of a homesale transaction.
[9]	Service revenue primarily consists of title and escrow fees at Realogy Title Group, which are recognized at a point in time at the closing of a homesale transaction.
[10]	Franchise fees at Realogy Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
[11]	Other revenue is comprised of brand marketing funds received at Realogy Franchise Group from franchisees, third-party listing fees in 2019 and other miscellaneous revenues across all of the business segments.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 99	$ (112)	$ (376)	$ (141)
Currency translation adjustment	0	(1)	(1)	(1)
Defined benefit pension plan—amortization of actuarial loss to periodic pension cost	1	1	2	2
Other comprehensive income, before tax	1	0	1	1
Income tax expense related to items of other comprehensive income amounts	0	1	0	1
Other comprehensive income (loss), net of tax	1	(1)	1	0
Comprehensive income (loss)	100	(113)	(375)	(141)
Less: comprehensive income attributable to noncontrolling interests	(1)	(1)	(2)	(2)
Comprehensive income (loss) attributable to Realogy Holdings and Realogy Group	$ 99	$ (114)	$ (377)	$ (143)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash, cash equivalents and restricted cash	$ 380	$ 235
Accounts Receivable, after Allowance for Credit Loss, Current	109	79
Accounts Receivable, Allowance for Credit Loss, Current	13	11
Other current assets	149	147
Current assets - held for sale	583	750
Total current assets	1,221	1,211
Property and equipment, net	288	308
Operating lease assets, net	477	515
Goodwill	2,887	3,300
Trademarks	643	673
Franchise agreements, net	1,109	1,160
Other intangibles, net	69	72
Other non-current assets	354	304
Total assets	7,048	7,543
Current liabilities:
Accounts payable	87	84
Current portion of long-term debt	198	234
Current portion of operating lease liabilities	125	122
Accrued expenses and other current liabilities	439	350
Current liabilities - held for sale	297	356
Total current liabilities	1,146	1,146
Long-term debt	3,159	3,211
Long-term operating lease liabilities	441	467
Deferred income taxes	279	390
Other non-current liabilities	290	233
Total liabilities	5,315	5,447
Equity:
Realogy Holdings preferred stock: $0.01 par value; 50,000,000 shares authorized, none issued and outstanding at September 30, 2020 and December 31, 2019	$ 0	$ 0
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Outstanding	0	0
Realogy Holdings common stock: $0.01 par value; 400,000,000 shares authorized, 115,440,569 shares issued and outstanding at September 30, 2020 and 114,355,519 shares issued and outstanding at December 31, 2019	$ 1	$ 1
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	400,000,000	400,000,000
Common Stock, Shares, Outstanding	115,440,569	114,355,519
Additional paid-in capital	$ 4,856	$ 4,842
Accumulated deficit	(3,073)	(2,695)
Accumulated other comprehensive loss	(55)	(56)
Total stockholders' equity	1,729	2,092
Noncontrolling interests	4	4
Total equity	1,733	2,096
Total liabilities and equity	$ 7,048	$ 7,543

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019
Operating Activities
Net income (loss)		$ (376)	$ (141)
Net loss from discontinued operations		114	5
Net income (loss) from continuing operations		(262)	(136)
Adjustments to reconcile net loss from continuing operations to net cash provided by operating activities:
Depreciation and amortization		134	126
Deferred income taxes		(70)	(29)
Impairments	[1]	460	243
Amortization of deferred financing costs and debt discount		8	7
Loss (gain) on the early extinguishment of debt		8	(5)
Equity in earnings of unconsolidated entities		98	15
Stock-based compensation		18	22
Mark-to-market adjustments on derivatives		59	50
Other adjustments to net loss		0	(3)
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:
Trade receivables		(30)	(17)
Other assets		13	(6)
Accounts payable, accrued expenses and other liabilities		115	14
Dividends received from unconsolidated entities		59	2
Other, net		(16)	(3)
Net cash provided by operating activities from continuing operations		398	250
Net cash provided by (used in) operating activities from discontinued operations		20	(20)
Net cash provided by operating activities		418	230
Investing Activities
Property and equipment additions		(60)	(71)
Payments for acquisitions, net of cash acquired		(1)	(1)
Investment in unconsolidated entities		(2)	(10)
Other, net		(12)	3
Net cash used in investing activities from continuing operations		(75)	(79)
Net cash used in investing activities from discontinued operations		(9)	(7)
Net cash used in investing activities		(84)	(86)
Financing Activities
Net change in Revolving Credit Facility		(50)	(5)
Proceeds from issuance of Senior Secured Second Lien Notes		550	0
Proceeds from issuance of Senior Notes		0	550
Redemption and repurchases of Senior Notes		(550)	(533)
Amortization payments on term loan facilities		(31)	(22)
Debt issuance costs		(14)	(9)
Cash paid for fees associated with early extinguishment of debt		(7)	(5)
Repurchase of common stock		0	(20)
Dividends paid on common stock		0	(31)
Taxes paid related to net share settlement for stock-based compensation		(5)	(6)
Payments of contingent consideration related to acquisitions		(1)	(3)
Other, net		(22)	(18)
Net cash used in financing activities from continuing operations		(130)	(102)
Net cash used in financing activities from discontinued operations		(73)	(2)
Net cash used in financing activities		(203)	(104)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash		0	0
Net increase in cash, cash equivalents and restricted cash		131	40
Cash, cash equivalents and restricted cash, beginning of period		266	238
Cash, cash equivalents and restricted cash, end of period		397	278
Less cash, cash equivalents and restricted cash of discontinued operations, end of period		17	25
Cash, cash equivalents and restricted cash of continuing operations, end of period		380	253
Supplemental Disclosure of Cash Flow Information
Interest payments for continuing operations		128	124
Income tax (refunds) payments for continuing operations, net		$ (9)	$ 7
[1]	Impairments for the three months ended September 30, 2020 relate to lease asset impairments. Impairments for the nine months ended September 30, 2020 include a goodwill impairment charge of $413 million (which reduced the net carrying value of Realogy Brokerage Group by $314 million after accounting for the related income tax benefit of $99 million), an impairment charge of $30 million (which reduced the carrying value of trademarks at Realogy Franchise Group) and $17 million related to lease asset impairments.Impairments for the three and nine months ended September 30, 2019 include a goodwill impairment charge of $237 million (which reduced the net carrying value of Realogy Brokerage Group by $180 million after accounting for the related income tax benefit of $57 million). In addition, the three and nine months ended September 30, 2019 include other impairment charges primarily related to lease asset impairments of $3 million and $6 million, respectively.

Equity Stock Repurchases

Equity Stock Repurchases - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Feb. 22, 2019	Feb. 26, 2018	Feb. 23, 2017	Feb. 24, 2016
Stock Repurchases [Line Items]
Shares Repurchased and Retired During Period, Shares	1.2
Shares Repurchased and Retired During Period, Value	$ 20
Weighted Average Market Price of Shares Repurchased and Retired During Period	$ 17.21
Maximum | 2016 Stock Repurchase Plan
Stock Repurchases [Line Items]
Shares Authorized under Stock Repurchase Program,					$ 275
Maximum | 2017 Stock Repurchase Plan
Stock Repurchases [Line Items]
Shares Authorized under Stock Repurchase Program,				$ 300
Maximum | 2018 Stock Repurchase Plan
Stock Repurchases [Line Items]
Shares Authorized under Stock Repurchase Program,			$ 350
Maximum | 2019 Stock Repurchase Plan
Stock Repurchases [Line Items]
Shares Authorized under Stock Repurchase Program,		$ 175

Equity

Equity	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	EQUITY Condensed Consolidated Statement of Changes in Equity for Realogy Holdings Three Months Ended September 30, 2020 Common Stock Additional Paid-In Capital Accumulated Deficit Accumulated Other Comprehensive Loss Non- controlling Interests Total Equity Shares Amount Balance at June 30, 2020 115.4 $ 1 $ 4,847 $ (3,171) $ (56) $ 4 $ 1,625 Net income — — — 98 — 1 99 Other comprehensive income — — — — 1 — 1 Stock-based compensation — — 9 — — — 9 Issuance of shares for vesting of equity awards 0.1 — — — — — — Shares withheld for taxes on equity awards (0.1) — — — — — — Dividends — — — — — (1) (1) Balance at September 30, 2020 115.4 $ 1 $ 4,856 $ (3,073) $ (55) $ 4 $ 1,733 Three Months Ended September 30, 2019 Common Stock Additional Paid-In Capital Accumulated Deficit Accumulated Other Comprehensive Loss Non- controlling Interests Total Equity Shares Amount Balance at June 30, 2019 114.3 $ 1 $ 4,837 $ (2,537) $ (51) $ 3 $ 2,253 Net (loss) income — — — (113) — 1 (112) Other comprehensive loss — — — — (1) — (1) Stock-based compensation — — 10 — — — 10 Dividends declared ($0.09 per share) — — (10) — — — (10) Balance at September 30, 2019 114.3 $ 1 $ 4,837 $ (2,650) $ (52) $ 4 $ 2,140 Nine Months Ended September 30, 2020 Common Stock Additional Accumulated Accumulated Non- Total Shares Amount Balance at December 31, 2019 114.4 $ 1 $ 4,842 $ (2,695) $ (56) $ 4 $ 2,096 Net (loss) income — — — (378) — 2 (376) Other comprehensive income — — — — 1 — 1 Stock-based compensation — — 19 — — — 19 Issuance of shares for vesting of equity awards 1.6 — — — — — — Shares withheld for taxes on equity awards (0.6) — (5) — — — (5) Dividends — — — — — (2) (2) Balance at September 30, 2020 115.4 $ 1 $ 4,856 $ (3,073) $ (55) $ 4 $ 1,733 Nine Months Ended September 30, 2019 Common Stock Additional Accumulated Accumulated Non- Total Shares Amount Balance at December 31, 2018 114.6 $ 1 $ 4,869 $ (2,507) $ (52) $ 4 $ 2,315 Net (loss) income — — — (143) — 2 (141) Repurchase of common stock (1.2) — (20) — — — (20) Stock-based compensation — — 25 — — — 25 Issuance of shares for vesting of equity awards 1.3 — — — — — — Shares withheld for taxes on equity awards (0.4) — (6) — — — (6) Dividends declared ($0.27 per share) — — (31) — — (2) (33) Balance at September 30, 2019 114.3 $ 1 $ 4,837 $ (2,650) $ (52) $ 4 $ 2,140 Condensed Consolidated Statement of Changes in Equity for Realogy Group The Company has not included a statement of changes in equity for Realogy Group as the operating results of Group are consistent with the operating results of Realogy Holdings as all revenue and expenses of Realogy Group flow up to Realogy Holdings and there are no incremental activities at the Realogy Holdings level. The only difference between Realogy Group and Realogy Holdings is that the $1 million in par value of common stock in Realogy Holdings' equity is included in additional paid-in capital in Realogy Group's equity. Stock Repurchases Shares of Company common stock that have been repurchased pursuant to prior authorizations from the Company's Board of Directors have been retired and are not displayed separately as treasury stock on the consolidated financial statements. The par value of the shares repurchased and retired is deducted from common stock and the excess of the purchase price over par value is first charged against any available additional paid-in capital with the balance charged to retained earnings. Direct costs incurred to repurchase the shares are included in the total cost of the shares. The Company's Board of Directors authorized a share repurchase program of up to $275 million, $300 million, $350 million and $175 million of the Company's common stock in February 2016, 2017, 2018 and 2019, respectively. In the first quarter of 2019, the Company repurchased and retired 1.2 million shares of common stock for $20 million at a weighted average market price of $17.21 per share. The Company has not repurchased any shares under the share repurchase programs since 2019, and in May 2020, the Company's Board of Directors terminated its outstanding share repurchase programs. The Company is restricted from repurchasing shares during the covenant period under the Amendments to the Senior Secured Credit Agreement and Term Loan A Agreement as well as pursuant to the restrictive covenants in the indentures governing the Unsecured Notes and 7.625% Senior Secured Second Lien Notes. See Note 5. "Short and Long-Term Debt — Senior Secured Credit Agreement and Term Loan A Agreement" and " — Unsecured Notes", to the Condensed Consolidated Financial Statements for additional information. Stock-Based Compensation During the first quarter of 2020, the Company granted restricted stock units related to 0.7 million shares with a weighted average grant date fair value of $9.70 and performance stock units related to 0.9 million shares with a weighted average grant date fair value of $9.23. The Company granted all time-based equity awards in the form of restricted stock units which are subject to ratable vesting over a three-year period. During the first quarter of 2020, instead of issuing stock-based compensation to certain employees, the Company issued $18 million of time-vested cash awards which vest annually over a three-year vesting period, $6 million of cash-settled long-term performance awards which are tied to cumulative free cash flow goals that will vest at the end of the three-year performance cycle based on achievement of the performance metric and $3 million of cash-settled awards based on the change in Realogy stock price that will vest at the end of the three-year performance cycle.

Basis Of Presentation

Basis Of Presentation	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	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 Condensed 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 Condensed Consolidated Financial Statements. The Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America and with Article 10 of Regulation S-X. Interim results may not be indicative of full year performance because of seasonal and short-term variations. The Company has eliminated all material intercompany transactions and balances between entities consolidated in these financial statements. In presenting the Condensed Consolidated Financial Statements, management makes estimates and assumptions that affect the amounts reported and the related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ materially from those estimates. In management's opinion, the accompanying unaudited Condensed Consolidated Financial Statements reflect all normal and recurring adjustments necessary for a fair statement of Realogy Holdings and Realogy Group's financial position as of September 30, 2020 and the results of operations and comprehensive income (loss) for the three and nine months ended September 30, 2020 and 2019 and cash flows for the nine months ended September 30, 2020 and 2019. The Consolidated Balance Sheet at December 31, 2019 was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. The Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2019. COVID-19 A strong recovery in the residential real estate market began late in the second quarter of 2020, following a period of sharp decline in homesale transactions starting in the final weeks of the first quarter of 2020. The Company attributes the recovery to date to a favorable mortgage rate environment, low inventory contributing to higher average homesale price, and increased demand as the quarantine restrictions in place in many states have begun to be relaxed. In addition, the Company observed growing strength in certain trends that it believes are largely driven by behavioral changes related to the COVID-19 crisis, including home buyer preferences for certain geographies, including suburban locations and attractive tax and weather destinations and second home purchases. In mid-March 2020, the Company began taking a series of proactive cost-saving measures in reaction to the evolving COVID-19 crisis, including salary reductions, furloughs and reductions in marketing and other spending which resulted in substantial cost-savings in the second quarter of 2020 to partially offset the decline in revenues. While these temporary cost-saving measures resulted in cost savings in the second and third quarters of 2020, almost all of such measures were reversed during the third quarter of 2020 based upon the significant improvement in the volume of homesale transactions and ongoing business needs. There remain significant uncertainties regarding the COVID-19 crisis, including the severity, duration and extent of the pandemic. The Company's business could be negatively impacted if the crisis, including adverse economic consequences of the crisis, worsen, if directives and mandates requiring businesses to again curtail or cease normal operations are reinstated, if mortgage rates rise, or if housing inventory constraints, across geographies and price point, limit homesale transaction growth. These negative impacts may be more pronounced in future periods and could have a material adverse effect on the Company's results of operations and liquidity. See Note 3, "Goodwill and Intangible Assets", to the Condensed Consolidated Financial Statements for additional information on goodwill and intangible asset impairment charges recorded in the first quarter of 2020 due to the impact on future earnings related to the COVID-19 pandemic which qualified as a triggering event for all of the Company's reporting units as of March 31, 2020, and Note 5, "Short and Long-Term Debt", to the Condensed Consolidated Financial Statements for additional information on the Company's amendments to the Senior Secured Credit Agreement and Term Loan A Agreement, pursuant to which the senior secured leverage ratio has been eased and certain other covenants have been tightened. 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. The following table summarizes fair value measurements by level at September 30, 2020 for assets and liabilities measured at fair value on a recurring basis: Level I Level II Level III Total Deferred compensation plan assets (included in other non-current assets) $ 1 $ — $ — $ 1 Interest rate swaps (included in other non-current liabilities) — 94 — 94 Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities) — — 4 4 The following table summarizes fair value measurements by level at December 31, 2019 for assets and liabilities measured at fair value on a recurring basis: Level I Level II Level III Total Deferred compensation plan assets (included in other non-current assets) $ 2 $ — $ — $ 2 Interest rate swaps (included in other current and non-current liabilities) — 47 — 47 Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities) — — 4 4 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, 2019 $ 4 Additions: contingent consideration related to acquisitions completed during the period 1 Reductions: payments of contingent consideration (1) Changes in fair value (reflected in general and administrative expenses) — Fair value of contingent consideration at September 30, 2020 $ 4 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: September 30, 2020 December 31, 2019 Debt Principal Amount Estimated Principal Amount Estimated Senior Secured Credit Facility: Revolving Credit Facility $ 140 $ 140 $ 190 $ 190 Term Loan B 1,050 1,003 1,058 1,048 Term Loan A Facility: Term Loan A 694 664 717 705 7.625% Senior Secured Second Lien Notes 550 578 — — 5.25% Senior Notes — — 550 557 4.875% Senior Notes 407 403 407 401 9.375% Senior Notes 550 570 550 572 _______________ (a) The fair value of the Company's indebtedness is categorized as Level II. Equity Method Investments At September 30, 2020 and December 31, 2019, the Company had various equity method investments which are recorded within other non-current assets on the accompanying Condensed Consolidated Balance Sheets. The Company's investment in Guaranteed Rate Affinity, LLC ("Guaranteed Rate Affinity") at Realogy Title Group had investment balances of $99 million and $60 million at September 30, 2020 and December 31, 2019, respectively. The Company recorded equity earnings of $51 million and $5 million related to its investment in Guaranteed Rate Affinity during the three months ended September 30, 2020 and 2019, respectively. The Company recorded equity earnings of $95 million and $12 million related to its investment in Guaranteed Rate Affinity during the nine months ended September 30, 2020 and 2019, respectively. The Company received $56 million in cash dividends from Guaranteed Rate Affinity during the nine months ended September 30, 2020 and no cash dividends during the nine months ended September 30, 2019. The Company invested $2 million of cash into Guaranteed Rate Affinity during the nine months ended September 30, 2019. The Company's other equity method investments at Realogy Title Group had investment balances totaling $9 million at both September 30, 2020 and December 31, 2019. The Company recorded equity earnings from the operations of these equity method investments of $2 million during both the three months ended September 30, 2020 and 2019. The Company recorded equity earnings from the operations of these equity method investments of $3 million during both the nine months ended September 30, 2020 and 2019. The Company received $3 million and $2 million in cash dividends from these equity method investments during the nine months ended September 30, 2020 and 2019, respectively. Income Taxes The provision for income taxes was an expense of $54 million and a benefit of $23 million for the three months ended September 30, 2020 and 2019, respectively, and a benefit of $67 million and $22 million for the nine months ended September 30, 2020 and 2019, respectively. Derivative Instruments The Company records derivatives and hedging activities on the balance sheet at their respective fair values. The Company enters into interest rate swaps to manage its exposure to changes in interest rates associated with its variable rate borrowings. Interest rates swaps with a notional value of $600 million expired on August 7, 2020. As of September 30, 2020, the Company had interest rate swaps with an aggregate notional value of $1,000 million to offset the variability in cash flows resulting from the term loan facilities as follows: Notional Value (in millions) Commencement Date Expiration Date $450 November 2017 November 2022 $400 August 2020 August 2025 $150 November 2022 November 2027 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 Condensed Consolidated Statements of Operations. The fair value of derivative instruments was as follows: Not Designated as Hedging Instruments Balance Sheet Location September 30, 2020 December 31, 2019 Interest rate swap contracts Other current and non-current liabilities 94 47 The effect of derivative instruments on earnings was as follows: Derivative Instruments Not Designated as Hedging Instruments Location of Loss Recognized for Derivative Instruments Loss Recognized on Derivatives Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Interest rate swap contracts Interest expense $ — $ 12 $ 59 $ 50 Restricted Cash Restricted cash approximated $1 million at September 30, 2020 and zero at December 31, 2019. Revenue Revenue is recognized upon the transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services in accordance with the revenue standard. The Company's revenue is disaggregated by major revenue categories on our Condensed Consolidated Statements of Operations and further disaggregated by business segment as follows: Three Months Ended September 30, Realogy Franchise Group Realogy Brokerage Group Realogy Title Corporate and Other Total 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 Gross commission income (a) $ — $ — $ 1,458 $ 1,201 $ — $ — $ — $ — $ 1,458 $ 1,201 Service revenue (b) 14 24 9 2 207 165 — — 230 191 Franchise fees (c) 227 186 — — — — (94) (78) 133 108 Other (d) 21 30 12 19 6 5 (3) (4) 36 50 Net revenues $ 262 $ 240 $ 1,479 $ 1,222 $ 213 $ 170 $ (97) $ (82) $ 1,857 $ 1,550 Nine Months Ended September 30, Realogy Franchise Group Realogy Brokerage Group Realogy Title Corporate and Other Total 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 Gross commission income (a) $ — $ — $ 3,227 $ 3,310 $ — $ — $ — $ — $ 3,227 $ 3,310 Service revenue (b) 41 66 18 7 494 430 — — 553 503 Franchise fees (c) 502 505 — — — — (213) (215) 289 290 Other (d) 66 108 36 52 16 14 (7) (9) 111 165 Net revenues $ 609 $ 679 $ 3,281 $ 3,369 $ 510 $ 444 $ (220) $ (224) $ 4,180 $ 4,268 ______________ (a) Consists primarily of revenues related to gross commission income at Realogy Brokerage Group, which is recognized at a point in time at the closing of a homesale transaction. (b) Service revenue primarily consists of title and escrow fees at Realogy Title Group, which are recognized at a point in time at the closing of a homesale transaction. (c) Franchise fees at Realogy Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction). (d) Other revenue is comprised of brand marketing funds received at Realogy Franchise Group from franchisees, third-party listing fees in 2019 and other miscellaneous revenues across all of the business segments. The following table shows the change in the Company's contract liabilities (deferred revenue) related to revenue contracts by reportable segment for the period: Beginning Balance at January 1, 2020 Additions during the period Recognized as Revenue during the period Ending Balance at September 30, 2020 Realogy Franchise Group: Deferred area development fees (a) $ 48 $ — $ (5) $ 43 Deferred brand marketing fund fees (b) 13 45 (50) 8 Other deferred income related to revenue contracts 11 19 (21) 9 Total Realogy Franchise Group 72 64 (76) 60 Realogy Brokerage Group: Advanced commissions related to development business (c) 9 6 (6) 9 Other deferred income related to revenue contracts 4 1 (2) 3 Total Realogy Brokerage Group 13 7 (8) 12 Total $ 85 $ 71 $ (84) $ 72 _______________ (a) The Company collects initial area development fees ("ADF") for international territory transactions, which are recorded as deferred revenue when received and recognized into franchise revenue over the average 25 year life of the related franchise agreement as consideration for the right to access and benefit from Realogy’s brands. In the event an ADF agreement is terminated prior to the end of its term, the unamortized deferred revenue balance will be recognized into revenue immediately upon termination. (b) Revenues recognized include intercompany marketing fees paid by Realogy Brokerage Group. (c) New development closings generally have a development period of between 18 and 24 months from contracted date to closing. 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 conditions and forecasts of future losses, 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, combined with reasonable and supportable forecasts of future losses. Supplemental Cash Flow Information Significant non-cash transactions during the nine months ended September 30, 2020 and 2019 included finance lease additions of $9 million and $12 million, respectively, which resulted in non-cash additions to property and equipment, net and other non-current liabilities. Leases Other than the Company's facility closures as described in Note 6, "Restructuring Costs," the Company's lease obligations as of September 30, 2020 have not changed materially from the amounts reported in our 2019 Form 10-K. Recently Adopted Accounting Pronouncements The Company adopted the new accounting standard on Financial Instruments—Credit Losses (Topic 326) effective January 1, 2020. The new standard amends the guidance for measuring credit losses on certain financial instruments and financial assets, including trade receivables. The standard requires that companies recognize an allowance that reflects the current estimate of credit losses expected to be incurred over the life of the financial instrument. The valuation allowance for credit losses should be recognized and measured based on historical experience, current conditions and expectations of the future. The initial adoption of this guidance did not have an impact to the Company’s Condensed Consolidated Financial Statements upon adoption on January 1, 2020. Recently Issued Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates ("ASUs"). Recently issued standards 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. The FASB issued its new standard on Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity which simplifies the accounting for instruments with characteristics of liabilities and equity, including convertible debt. The new standard reduces the number of accounting models for convertible debt instruments and convertible preferred stock resulting in fewer embedded conversion features being separately recognized from the host contract and the interest rate of more convertible debt instruments being closer to the coupon interest rate, as compared with current guidance. The new standard also amends the derivative guidance for the “own stock” scope exception, which exempts qualifying instruments from being accounted for as derivatives if certain criteria are met. In addition, the standard changes the diluted earnings per share calculation for instruments that may be settled in cash or shares and for convertible instruments. The new standard is effective for reporting periods beginning on or after December 15, 2021 with early adoption permitted as of January 1, 2021. The new standard requires adoption using either a full or modified retrospective approach and is not expected to have an impact on the Company's financial statements.

Discontinued Operations and Dis

Discontinued Operations and Disposal Groups	9 Months Ended
	Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure	DISCONTINUED OPERATIONS On November 6, 2019, the Company entered into a Purchase and Sale Agreement for the acquisition of Cartus Relocation Services, the Company's global employee relocation business, by North American Van Lines, Inc. (as assignee of SIRVA Worldwide, Inc., or "SIRVA"). On August 8, 2020, the Company entered into a confidential settlement agreement with SIRVA and affiliates of Madison Dearborn Partners, LLC to mutually dismiss and release all claims related to the termination of the Purchase and Sale Agreement. Management conducted an assessment under held for sale and discontinued operations guidance in ASC 360 and ASC 205 and determined that as of September 30, 2020 held for sale and discontinued operations accounting treatment continues to be appropriate for Cartus Relocation Services. Commencing in the fourth quarter of 2019, the Company met the requirements to report the operating results of the Cartus Relocation Services business as discontinued operations. Accordingly, the income (loss) related to Cartus Relocation Services is reported in "Net (loss) income from discontinued operations" on the Condensed Consolidated Statements of Operations for all periods presented. In addition, the related assets and liabilities are reported as assets and liabilities held for sale on the Condensed Consolidated Balance Sheets. The cash flows related to discontinued operations have been segregated and are included in the Condensed Consolidated Statements of Cash Flows. The following table summarizes the operating results of discontinued operations described above and reflected within "Net (loss) income from discontinued operations" in the Company’s Condensed Consolidated Statements of Operations for each of the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net revenues $ 52 $ 79 $ 152 $ 210 Total expenses 57 69 176 216 (Loss) income from discontinued operations (5) 10 (24) (6) Estimated loss on the sale of discontinued operations (a) (59) — (133) — Income tax (benefit) expense from discontinued operations (18) 2 (43) (1) Net (loss) income from discontinued operations $ (46) $ 8 $ (114) $ (5) _______________ (a) Adjustment to record assets and liabilities held for sale at the lower of carrying value or fair value less any costs to sell based on a market price that is reasonable in relation to fair value. Assets and liabilities held for sale related to discontinued operations presented in the Condensed Consolidated Balance Sheets at September 30, 2020 and December 31, 2019 are as follows: September 30, 2020 December 31, 2019 Carrying amounts of the major classes of assets held for sale Cash and cash equivalents $ 13 $ 28 Restricted cash 4 3 Trade receivables 40 46 Relocation receivables 200 203 Other current assets 10 12 Property and equipment, net 42 36 Operating lease assets, net 21 36 Goodwill 176 176 Trademarks 76 76 Other intangibles, net 156 156 Allowance for reduction of assets held for sale (a) (155) (22) Total assets classified as held for sale $ 583 $ 750 Carrying amounts of the major classes of liabilities held for sale Accounts payable $ 45 $ 53 Securitization obligations 143 206 Current portion of operating lease liabilities 6 6 Accrued expenses and other current liabilities 78 62 Long-term operating lease liabilities 25 29 Total liabilities classified as held for sale $ 297 $ 356 _______________ (a) Adjustment to record assets and liabilities held for sale at the lower of carrying value or fair value less any costs to sell based on a market price that is reasonable in relation to fair value. Securitization Obligations Securitization Obligations in the table above are further broken out as follows: September 30, 2020 December 31, 2019 Securitization Obligations: Apple Ridge Funding LLC $ 137 $ 195 Cartus Financing Limited 6 11 Total Securitization Obligations $ 143 $ 206 Realogy Group has secured obligations through Apple Ridge Funding LLC under a securitization program. In June 2020, Realogy Group reduced the maximum borrowing capacity under the Apple Ridge Funding LLC securitization program from $250 million to $200 million and, in August 2020, extended the facility to June 2021. As of September 30, 2020, the Company had $200 million of borrowing capacity under the Apple Ridge Funding LLC securitization program with $137 million being utilized leaving $63 million of available capacity subject to maintaining sufficient relocation related assets to collateralize the securitization obligation. 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. In August 2020, Realogy Group extended the existing Cartus Financing Limited securitization program to August 2021. As of September 30, 2020, there were $6 million of outstanding borrowings under the facilities leaving $13 million of available capacity subject to maintaining sufficient relocation related assets to collateralize the securitization obligation. 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 Agreement and the indentures governing the Unsecured Notes and 7.625% Senior Secured Second Lien Notes. The Apple Ridge entities and the Cartus Financing Limited entity are consolidated special purpose entities that are utilized to securitize relocation receivables and related assets. These assets are generated from advancing funds on behalf of clients of Realogy Group’s relocation business in order to facilitate the relocation of their employees. Assets of these special purpose entities are not available to pay Realogy Group’s general obligations. Under the Apple Ridge program, provided no termination or amortization event has occurred, any new receivables generated under the designated relocation management agreements are sold into the securitization program and as new eligible relocation management agreements are entered into, the new agreements are designated to the program. The Apple Ridge program has restrictive covenants and trigger events, including performance triggers linked to the age and quality of the underlying assets, foreign obligor limits, multicurrency limits, financial reporting requirements, restrictions on mergers and change of control, any uncured breach of Realogy Group’s senior secured leverage ratio under Realogy Group’s Senior Secured Credit Facility, and cross-defaults to Realogy Group’s material indebtedness. The occurrence of a trigger event under the Apple Ridge securitization facility could restrict our ability to access new or existing funding under this facility or result in termination of the facility, either of which would adversely affect the operation of Cartus Relocation Services and the Company. Certain of the funds that Realogy Group received from relocation receivables and related assets are required to be utilized to repay securitization obligations. These obligations are collateralized by $193 million and $200 million of underlying relocation receivables and other related relocation assets at September 30, 2020 and December 31, 2019, respectively. Substantially all relocation related assets are realized in less than twelve months from the transaction date. Interest incurred in connection with borrowings under these facilities amounted to $1 million and $2 million for the three months ended September 30, 2020 and 2019, respectively, and $4 million and $6 million for the nine months ended September 30, 2020 and 2019, respectively. These securitization obligations represent floating rate debt for which the average weighted interest rate was 3.6% and 4.3% for the nine months ended September 30, 2020 and 2019, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure	GOODWILL AND INTANGIBLE ASSETS Impairment of Goodwill and Other Indefinite-lived Intangible 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. Other indefinite-lived intangible assets primarily consist of trademarks acquired in business combinations. Goodwill and other 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 are subject to an impairment assessment annually as of October 1, or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. This assessment compares carrying values of the goodwill reporting units and other indefinite lived intangible assets to their respective fair values and, when appropriate, the carrying value is reduced to fair value. In testing goodwill, the fair value of each reporting unit is estimated using the income approach, a discounted cash flow approach. For the other indefinite lived intangible assets, fair value is estimated using the relief from royalty method. Management utilizes long-term cash flow forecasts and the Company's annual operating plans adjusted for terminal value assumptions. The fair value of the Company's reporting units and other indefinite lived intangible assets are determined utilizing the best estimate of future revenues, operating expenses including commission expense, market and general economic conditions, trends in the industry, as well as assumptions that management believes 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 management believes that assumptions are reasonable, actual results may vary significantly. During the first quarter of 2020, the Company determined that the impact on future earnings related to the COVID-19 pandemic qualified as a triggering event for all of our reporting units and accordingly, the Company performed an impairment assessment of goodwill and other indefinite-lived intangible assets as of March 31, 2020. This assessment resulted in the recognition of an impairment of Realogy Franchise Group trademarks of $30 million and a goodwill impairment of $413 million for Realogy Brokerage Group offset by an income tax benefit of $99 million resulting in a net reduction to Realogy Brokerage Group's carrying value of $314 million. The primary drivers to the impairments were a significant increase in the weighted average cost of capital due to the volatility in the capital and debt markets due to COVID-19 and the related lower projected financial results for 2020. The impairment charges are recorded on a separate line in the accompanying Condensed Consolidated Statements of Operations and are non-cash in nature. These impairment assessments 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, a sensitivity analysis is performed on key estimates and assumptions. Under the income approach, management used key valuation assumptions in determining the fair value estimates of the Company's reporting units including a discount rate based on the Company's best estimate of the weighted average cost of capital and a long-term growth rate based on the Company's best estimate of terminal growth rates. As a result of the COVID-19 pandemic which caused volatility in the capital and debt markets, there was a significant increase in the weighted average cost of capital used to discount the future cash flows in the impairment assessment model. The following table provides a comparison of key assumptions used in the Company's impairment assessment performed in the first quarter of 2020 compared to the prior assessment performed in the fourth quarter of 2019: Weighted Average Cost of Capital Long-term Growth Rates First Quarter 2020 Fourth Quarter 2019 First Quarter 2020 Fourth Quarter 2019 Realogy Franchise Group 10.0% 8.5% 2.5% 2.5% Realogy Brokerage Group 11.0% 9.0% 2.0% 2.0% Realogy Title Group 11.0% 9.5% 2.5% 2.5% Given the increase in the discount rate and lower projected 2020 financial results in the first quarter 2020 impairment analysis, the estimated excess fair value over carrying value for Realogy Franchise Group and Realogy Title Group was reduced to 7% and 5%, respectively. While management believes the assumptions used in the impairment test are reasonable, a 100 basis point increase in the discount rate, holding other assumptions constant, would result in an impairment of goodwill at Realogy Franchise Group and Realogy Title Group. There is a significant amount of future uncertainty related to the impact of the COVID-19 pandemic. In addition, significant negative industry or economic trends, disruptions to the business, unexpected significant changes or planned changes in use of the assets, a decrease in business results, growth rates that fall below management's assumptions, divestitures, and a sustained decline in the Company's stock price and market capitalization may have a negative effect on the fair values and key valuation assumptions, and such changes could result in changes to management's estimates of fair value and a material impairment of goodwill or other indefinite-lived intangible assets. Goodwill Goodwill by reporting unit and changes in the carrying amount are as follows: Realogy Franchise Group Realogy Brokerage Group Realogy Total Balance at December 31, 2019 $ 2,476 $ 669 $ 155 $ 3,300 Goodwill acquired — — — — Impairment loss — (413) — (413) Balance at September 30, 2020 $ 2,476 $ 256 $ 155 $ 2,887 Accumulated impairment losses (a) $ 1,160 $ 808 $ 324 $ 2,292 _______________ (a) Includes impairment charges which reduced goodwill by $413 million, $237 million, $1,153 million and $489 million during the first quarter of 2020, third quarter of 2019, fourth quarter of 2008 and fourth quarter of 2007, respectively. Intangible Assets Intangible assets are as follows: As of September 30, 2020 As of December 31, 2019 Gross Accumulated Net Gross Accumulated Net Amortizable—Franchise agreements (a) $ 2,019 $ 910 $ 1,109 $ 2,019 $ 859 $ 1,160 Indefinite life—Trademarks (b) (c) $ 643 $ 643 $ 673 $ 673 Other Intangibles Amortizable—License agreements (d) $ 45 $ 13 $ 32 $ 45 $ 12 $ 33 Amortizable—Customer relationships (e) 71 58 13 71 57 14 Indefinite life—Title plant shares (f) 20 20 19 19 Amortizable—Other (g) 23 19 4 27 21 6 Total Other Intangibles $ 159 $ 90 $ 69 $ 162 $ 90 $ 72 _______________ (a) Generally amortized over a period of 30 years. (b) Primarily related to real estate franchise brands which are expected to generate future cash flows for an indefinite period of time. (c) Realogy Franchise Group trademarks was impaired by $30 million during the first quarter of 2020. (d) 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). (e) Relates to the customer relationships at Realogy Title Group and Realogy Brokerage Group. These relationships are being amortized over a period of 2 to 12 years. (f) 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. (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: Three Months Ended Nine Months Ended 2020 2019 2020 2019 Franchise agreements $ 17 $ 17 $ 51 $ 51 License agreements 1 1 1 1 Customer relationships — — 1 2 Other 1 2 3 4 Total $ 19 $ 20 $ 56 $ 58 Based on the Company’s amortizable intangible assets as of September 30, 2020, the Company expects related amortization expense for the remainder of 2020, the four succeeding years and thereafter to be approximately $18 million, $72 million, $70 million, $70 million, $70 million and $858 million, respectively.

Accrued Expenses And Other Curr

Accrued Expenses And Other Current Liabilities	9 Months Ended
	Sep. 30, 2020
Payables and Accruals [Abstract]
Accrued Expenses And Other Current Liabilities	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consisted of: September 30, 2020 December 31, 2019 Accrued payroll and related employee costs $ 146 $ 103 Accrued volume incentives 35 35 Accrued commissions 52 32 Restructuring accruals 12 11 Deferred income 37 43 Accrued interest 46 18 Current portion of finance lease liabilities 13 13 Due to former parent 19 18 Other 79 77 Total accrued expenses and other current liabilities $ 439 $ 350

Short And Long Term-Debt

Short And Long Term-Debt	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Short And Long-Term Debt	SHORT AND LONG-TERM DEBT Total indebtedness is as follows: September 30, 2020 December 31, 2019 Senior Secured Credit Facility: Revolving Credit Facility $ 140 $ 190 Term Loan B 1,039 1,045 Term Loan A Facility: Term Loan A 690 714 7.625% Senior Secured Second Lien Notes 540 — 5.25% Senior Notes — 548 4.875% Senior Notes 405 405 9.375% Senior Notes 543 543 Total Short-Term & Long-Term Debt $ 3,357 $ 3,445 Indebtedness Table As of September 30, 2020, the Company’s borrowing arrangements were as follows: Interest Expiration Principal Amount Unamortized Discount and Debt Issuance Costs Net Amount Senior Secured Credit Facility: Revolving Credit Facility (1) (2) February 2023 $ 140 $ * $ 140 Term Loan B (3) February 2025 1,050 11 1,039 Term Loan A Facility: Term Loan A (4) February 2023 694 4 690 Senior Secured Second Lien Notes 7.625% June 2025 550 10 540 Senior Notes 4.875% June 2023 407 2 405 Senior Notes 9.375% April 2027 550 7 543 Total $ 3,391 $ 34 $ 3,357 _______________ * The debt issuance costs related to our Revolving Credit Facility are classified as a deferred financing asset within other assets. (1) As of September 30, 2020, the $1,425 million Revolving Credit Facility had outstanding borrowings of $140 million, as well as $40 million of outstanding undrawn letters of credit. The Revolving Credit Facility expires in February 2023 but is classified on the balance sheet as current due to the revolving nature and terms and conditions of the facility. On November 3, 2020, the Company had no outstanding borrowings under the Revolving Credit Facility and $40 million of outstanding undrawn letters of credit. (2) Interest rates with respect to revolving loans under the Senior Secured Credit Facility at September 30, 2020 were based on, at the Company's option, (a) adjusted London Interbank Offering Rate ("LIBOR") plus an additional margin or (b) JP Morgan Chase Bank, N.A.'s prime rate ("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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020. (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 2.25% (with a LIBOR floor of 0.75%) or (b) ABR plus 1.25% (with an ABR floor of 1.75%). (4) The Term Loan A provides for quarterly amortization payments, based on a percentage of the original principal amount of the Term Loan A, as follows: 0.625% per quarter from June 30, 2018 to March 31, 2020; 1.25% per quarter from June 30, 2020 to March 31, 2021; 1.875% per quarter from June 30, 2021 to March 31, 2022; and 2.50% per quarter for periods ending on or after June 30, 2022, with the balance of the Term Loan A due at maturity on February 8, 2023. The interest rates with respect to 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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020. Maturities Table As of September 30, 2020, the combined aggregate amount of maturities for long-term borrowings for the remainder of 2020 and each of the next four years is as follows: Year Amount Remaining 2020 (a) $ 152 2021 62 2022 81 2023 982 2024 11 _______________ (a) Remaining 2020 includes amortization payments totaling $9 million and $3 million for the Term Loan A and Term Loan B facilities, respectively, as well as $140 million of revolver borrowings under the Revolving Credit Facility which expires in February 2023 but is classified on the balance sheet as current due to the revolving nature and terms and conditions of the facility. The current portion of long-term debt of $198 million shown on the Condensed Consolidated Balance Sheets consists of four quarters of amortization payments totaling $47 million and $11 million for the Term Loan A and Term Loan B facilities, respectively, and $140 million of revolver borrowings under the Revolving Credit Facility. Senior Secured Credit Agreement and Term Loan A Agreement The Company’s Amended and Restated Credit Agreement dated as of March 5, 2013, as amended, amended and restated, modified or supplemented from time to time (the “Senior Secured Credit Agreement”) governs the Company's senior secured credit facility (the “Senior Secured Credit Facility”, which includes the “Revolving Credit Facility” and the “Term Loan B”) and the Term Loan A Agreement dated as of October 23, 2015, as amended from time to time (the “Term Loan A Agreement”) governs the senior secured term loan A credit facility (the “Term Loan A Facility”). Senior Secured Credit Facility The Senior Secured Credit Facility includes: (a) the Term Loan B issued in the original aggregate principal amount of $1,080 million with a maturity date of February 2025. 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 2.25% (with a LIBOR floor of 0.75%) or ABR plus 1.25% (with an ABR floor of 1.75%); and (b) a $1,425 million Revolving Credit Facility with a maturity date of February 2023, which includes a $125 million letter of credit 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 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% The obligations under the Senior Secured 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 Senior Secured Credit Agreement contains financial, affirmative and negative covenants and requires Realogy Group to maintain (so long as the Revolving Credit Facility is outstanding) a senior secured leverage ratio. On July 24, 2020, Realogy Group entered into amendments to the Senior Secured Credit Agreement and Term Loan A Agreement (referred to collectively herein as the “Amendments”), pursuant to which Realogy Group is required to maintain a senior secured leverage ratio not to exceed 6.50 to 1.00 commencing with the third quarter of 2020 through and including the second quarter of 2021. Following the second quarter of 2021, the maximum senior secured leverage ratio permitted will then step down to 5.50 to 1.00 for the third quarter of 2021 and thereafter step down by 0.25 on a quarterly basis to 4.75 to 1.00 (which was the applicable level prior to the effectiveness of the Amendments) on and after the second quarter of 2022. The Amendments also tighten certain other covenants during the period commencing on July 24, 2020 until the Company issues its financial results for the third quarter of 2021 and concurrently delivers an officer’s certificate to its lenders showing compliance with the quarterly financial covenant, subject to earlier termination, or the “covenant period.” If Realogy Group’s senior secured leverage ratio does not exceed 5.50 to 1.00 for the fiscal quarter ending June 30, 2021, the covenant period will end at the time the Company delivers the compliance certificate to the lenders for such period; however, in either instance, the gradual step down in the senior secured leverage ratio, as described above, will continue to apply. The covenants revised during this covenant period include the reduction or elimination of the amount available for certain types of additional indebtedness, liens, restricted payments (including dividends and stock repurchases), investments (including acquisitions and joint ventures), and voluntary junior debt repayments. The Company also may elect to end the covenant period at any time, provided the senior secured leverage ratio does not exceed 4.75 to 1.00 as of the most recently ended quarter for which financial statements have been delivered. In such event, the leverage ratio will reset to the pre-Amendment level of 4.75 to 1.00 thereafter. As of September 30, 2020, Realogy Group was required to maintain a senior secured leverage ratio not to exceed 6.50 to 1.00. The leverage ratio is tested quarterly regardless of the amount of borrowings outstanding and letters of credit issued under the Revolving Credit Facility at the testing date. Total senior secured net debt does not include the securitization obligations, 7.625% Senior Secured Second Lien Notes, or our unsecured indebtedness, including the Unsecured Notes. At September 30, 2020, Realogy Group was in compliance with the senior secured leverage ratio covenant with a senior secured leverage ratio of 2.29 to 1.00 . For the calculation of the senior secured leverage ratio for the third quarter of 2020, see Part I., Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations—Senior Secured Leverage Ratio applicable to our Senior Secured Credit Facility and Term Loan A Facility. Term Loan A Facility The Term Loan A of $750 million due February 2023 provides for quarterly amortization based on a percentage of the original principal amount of the Term Loan A, as follows: 0.625% per quarter from June 30, 2018 to March 31, 2020; 1.25% per quarter from June 30, 2020 to March 31, 2021; 1.875% per quarter from June 30, 2021 to March 31, 2022; and 2.50% per quarter for periods ending on or after June 30, 2022, with the balance of the Term Loan A due at maturity on February 8, 2023. The interest rates with respect to the Term Loan A are based on, at the Company'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 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% The Term Loan A Agreement contains covenants that are substantially similar to those in the Senior Secured Credit Agreement. The Amendment to the Term Loan A Agreement, effective July 24, 2020, contains provisions substantially similar to those contained in the Amendment to the Senior Secured Credit Agreement. Senior Secured Second Lien Notes In June 2020, Realogy Group issued $550 million 7.625% Senior Secured Second Lien Notes. The 7.625% Senior Secured Second Lien Notes mature on June 15, 2025 and interest is payable semiannually on June 15 and December 15 of each year, commencing December 15, 2020. The 7.625% Senior Secured Second Lien Notes are guaranteed on a senior secured second priority basis by Realogy Intermediate and each domestic subsidiary of Realogy Group, other than certain excluded entities, that is a guarantor under its Senior Secured Credit Facility and Term Loan A Facility and certain of its outstanding debt securities. The 7.625% Senior Secured Second Lien Notes are also guaranteed by Realogy Holdings on an unsecured senior subordinated basis. The 7.625% Senior Secured Second Lien Notes are secured by substantially the same collateral as Realogy Group's existing first lien obligations under its Senior Secured Credit Facility and Term Loan A Facility on a second priority basis. The indentures governing the 7.625% Senior Secured Second Lien Notes contain various covenants that limit the ability of Realogy Intermediate, Realogy Group and Realogy Group’s restricted subsidiaries to take certain actions, which covenants are subject to a number of important exceptions and qualifications. These covenants are substantially similar to the covenants in the indenture governing the 9.375% Senior Notes due 2027, as described under Unsecured Notes below. Unsecured Notes In June 2020, the Company used the entire net proceeds from the $550 million 7.625% Senior Secured Second Lien Notes, together with cash on hand, to fund the redemption of all of the outstanding 5.25% Senior Notes due 2021, and to pay related interest, premium, fees, and expenses. The 4.875% Senior Notes and the 9.375% Senior Notes (collectively the "Unsecured Notes") are unsecured senior obligations of Realogy Group that mature on June 1, 2023 and April 1, 2027, respectively. Interest on the Unsecured Notes is payable each year semiannually on June 1 and December 1 for the 4.875% Senior Notes, and on April 1 and October 1 for the 9.375% Senior Notes. The Unsecured Notes are guaranteed on an unsecured senior basis by each domestic subsidiary of Realogy Group that is a guarantor under the Senior Secured Credit Facility, Term Loan A Facility and Realogy Group's outstanding debt securities and are guaranteed by Realogy Holdings on an unsecured senior subordinated basis. The indentures governing the Unsecured Notes contain various negative covenants that limit Realogy Group's and its restricted subsidiaries’ ability to take certain actions, which covenants are subject to a number of important exceptions and qualifications. These covenants include limitations on Realogy Group's and its restricted subsidiaries’ ability to (a) incur or guarantee additional indebtedness, or issue disqualified stock or preferred stock, (b) pay dividends or make distributions to their stockholders, (c) repurchase or redeem capital stock, (d) make investments or acquisitions, (e) incur restrictions on the ability of certain of their subsidiaries to pay dividends or to make other payments to Realogy Group, (f) enter into transactions with affiliates, (g) create liens, (h) merge or consolidate with other companies or transfer all or substantially all of their assets, (i) transfer or sell assets, including capital stock of subsidiaries and (j) prepay, redeem or repurchase debt that is subordinated in right of payment to the Unsecured Notes. The covenants in the indenture governing the 9.375% Senior Notes are substantially similar to the covenants in the indentures governing the other Unsecured Notes, with certain exceptions, including several changes relating to Realogy Group’s ability to make restricted payments, and in particular, its ability to repurchase shares and pay dividends. Specifically, (a) the cumulative credit basket for restricted payments (i) was reset to zero and builds from January 1, 2019, (ii) builds at 25% of Consolidated Net Income (as defined in the indenture governing the 9.375% Senior Notes) when the consolidated leverage ratio (as defined below) is equal to or greater than 4.0 to 1.0 (and 50% of Consolidated Net Income when it is less than 4.0 to 1.0) and, consistent with the indentures governing the other Unsecured Notes, is reduced by 100% of the deficit when Consolidated Net Income is a deficit and (iii) may not be used when the consolidated leverage ratio is equal to or greater than 4.0 to 1.0; (b) the $100 million general restricted payment basket may be used only for Restricted Investments (as defined in the indenture governing the 9.375% Senior Notes); (c) the indenture governing the 9.375% Senior Notes requires the consolidated leverage ratio to be less than 3.0 to 1.0 to use the unlimited general restricted payment basket (which payments will reduce the cumulative credit basket, but not below zero); and (d) the indenture governing the 9.375% Senior Notes contains a new restricted payment basket that may be used for up to $45 million of dividends per calendar year. The consolidated leverage ratio is measured by dividing Realogy Group's total net debt by the trailing four quarters EBITDA. EBITDA, as defined in the indenture governing the 9.375% Senior Notes, is substantially similar to EBITDA calculated on a Pro Forma Basis, as those terms are defined in the Senior Secured Credit Agreement; however, under the Senior Secured Credit Agreement and Term Loan A Agreement (but not the indentures), the Company should include net after-tax gains or losses attributable to discontinued operations (pending divestiture) from the definition of consolidated net income solely for purposes of calculating compliance with the senior secured leverage ratio. Net debt under the indenture is Realogy Group's total indebtedness less (i) its cash and cash equivalents in excess of restricted cash and (ii) a $200 million seasonality adjustment permitted when measuring the ratio on a date during the period of March 1 to May 31. Gain/Loss on the Early Extinguishment of Debt During the nine months ended September 30, 2020, the Company recorded a loss on the early extinguishment of debt of $8 million as a result of the issuance of $550 million of 7.625% Senior Secured Second Lien Notes due 2025 and the redemption of $550 million of 5.25% Senior Notes due 2021 in June 2020. During the nine months ended September 30, 2019, the Company recorded a gain on the early extinguishment of debt of $5 million which consisted of a $10 million gain as a result of the repurchase of $93 million of its 4.875% Senior Notes during the third quarter of 2019, partially offset by a $5 million loss a s a result of the refinancing transactions in the first quarter of 2019 .

Restructuring Costs Restructuri

Restructuring Costs Restructuring Costs	9 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	. RESTRUCTURING COSTS Restructuring charges were $13 million and $38 million for the three and nine months ended September 30, 2020, respectively, and $11 million and $29 million for the three and nine months ended September 30, 2019, respectively. The components of the restructuring charges for the three and nine months ended September 30, 2020 and 2019 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Personnel-related costs (1) $ 3 $ 4 $ 10 $ 17 Facility-related costs (2) 10 6 28 11 Other restructuring costs (3) — 1 — 1 Total restructuring charges (4) $ 13 $ 11 $ 38 $ 29 _______________ (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, amortization of lease assets that will continue to be incurred under the contract for its remaining term without economic benefit to the Company, accelerated depreciation on asset disposals and other facility and employee relocation related costs. (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. (4) Restructuring charges for the three months ended September 30, 2020 relate to the Facility and Operational Efficiencies Program. Restructuring charges for the nine months ended September 30, 2020 include $36 million related to the Facility and Operational Efficiencies Program and $2 million related to the Leadership Realignment and Other Restructuring Activities Program. Restructuring charges for the three and nine months ended September 30, 2019 include $10 million and $25 million, respectively, related to the Facility and Operational Efficiencies Program and $1 million and $4 million, respectively, related to prior restructuring programs. Facility and Operational Efficiencies Program Beginning in the first quarter of 2019, the Company commenced the implementation of a plan to accelerate its office consolidation to reduce storefront costs, as well as institute other operational efficiencies to drive profitability. In addition, the Company commenced a plan to transform and centralize certain aspects of the operational support and drive changes in how it serves its affiliated independent sales agents from a marketing and technology perspective to help such agents be more productive and enable them to make their businesses more profitable. In the third quarter of 2019, the Company reduced headcount in connection with the wind-down of a former affinity program. In the fourth quarter of 2019, the Company expanded its operational efficiencies program to focus on workforce optimization. This workforce optimization initiative is focused on consolidating similar or overlapping roles, reducing the number of hierarchical layers and streamlining work and decision making. Furthermore, at the end of 2019, the Company expanded these strategic initiatives which have resulted in additional operational and facility related efficiencies in 2020. Additionally, the Company is evaluating its current office space needs and plans to transition to having more employees in a remote working environment as a result of opportunities identified during the COVID-19 crisis. As a result, additional facility and operational efficiencies are expected to be identified and implemented in the fourth quarter of 2020 and during 2021. The following is a reconciliation of the beginning and ending reserve balances related to the Facility and Operational Efficiencies Program: Personnel-related costs Facility-related costs Total Balance at December 31, 2019 $ 6 $ 5 $ 11 Restructuring charges (1) 10 26 36 Costs paid or otherwise settled (14) (19) (33) Balance at September 30, 2020 $ 2 $ 12 $ 14 _______________ (1) In addition, the Company incurred an additional $17 million of facility-related costs for lease asset impairments in connection with the Facility and Operational Efficiencies Program during the nine months ended September 30, 2020. The following table shows the total costs currently expected to be incurred by type of cost related to the Facility and Operational Efficiencies Program: Total amount expected to be incurred (1) Amount incurred Total amount remaining to be incurred (1) Personnel-related costs $ 34 $ 31 $ 3 Facility-related costs 73 42 31 Other restructuring costs 1 1 — Total $ 108 $ 74 $ 34 _______________ (1) Facility-related costs include potential lease asset impairments to be incurred under the Facility and Operational Efficiencies Program. The following table shows the total costs currently expected to be incurred by reportable segment related to the Facility and Operational Efficiencies Program: Total amount expected to be incurred Amount incurred Total amount remaining to be incurred Realogy Franchise Group $ 5 $ 5 $ — Realogy Brokerage Group 84 55 29 Realogy Title Group 5 5 — Corporate and Other 14 9 5 Total $ 108 $ 74 $ 34 Leadership Realignment and Other Restructuring Activities Beginning in the first quarter of 2018, the Company commenced the implementation of a plan to drive its business forward and enhance stockholder value. The key aspects of this plan included senior leadership realignment, an enhanced focus on technology and talent, as well as further attention to office footprint and other operational efficiencies. The activities undertaken in connection with the restructuring plan are complete. At December 31, 2019, the remaining liability was $5 million. During the nine months ended September 30, 2020, the Company incurred facility-related costs of $2 million and paid or settled costs of $4 million resulting in a remaining accrual of $3 million.

Earnings (Loss) Per Share (Note

Earnings (Loss) Per Share (Notes)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS (LOSS) PER SHARE Earnings (loss) per share attributable to Realogy Holdings Basic earnings (loss) per share is computed based on net income (loss) attributable to Realogy Holdings stockholders divided by the basic weighted-average shares outstanding during the period. Dilutive earnings (loss) 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 (loss) per share: Three Months Ended Nine Months Ended (in millions, except per share data) 2020 2019 2020 2019 Numerator: Numerator for earnings (loss) per share—continuing operations Net income (loss) from continuing operations $ 145 $ (120) $ (262) $ (136) Less: Net income attributable to noncontrolling interests (1) (1) (2) (2) Net income (loss) from continuing operations attributable to Realogy Holdings $ 144 $ (121) $ (264) $ (138) Numerator for earnings (loss) per share—discontinued operations Net (loss) income from discontinued operations $ (46) $ 8 $ (114) $ (5) Net income (loss) attributable to Realogy Holdings shareholders $ 98 $ (113) $ (378) $ (143) Denominator: Weighted average common shares outstanding (denominator for basic earnings (loss) per share calculation) 115.4 114.3 115.2 114.2 Dilutive effect of stock-based compensation (a)(b) 1.3 — — — Weighted average common shares outstanding (denominator for diluted earnings (loss) per share calculation) 116.7 114.3 115.2 114.2 Basic earnings (loss) per share attributable to Realogy Holdings shareholders: Basic earnings (loss) per share from continuing operations $ 1.25 $ (1.06) $ (2.29) $ (1.21) Basic (loss) earnings per share from discontinued operations (0.40) 0.07 (0.99) (0.04) Basic earnings (loss) per share $ 0.85 $ (0.99) $ (3.28) $ (1.25) Diluted earnings (loss) per share attributable to Realogy Holdings shareholders: Diluted earnings (loss) per share from continuing operations $ 1.23 $ (1.06) $ (2.29) $ (1.21) Diluted (loss) earnings per share from discontinued operations (0.39) 0.07 (0.99) (0.04) Diluted earnings (loss) per share $ 0.84 $ (0.99) $ (3.28) $ (1.25) _______________ (a) The three months ended September 30, 2020 exclude 8.3 million of common stock issuable for incentive equity awards, which includes performance share units based on the achievement of target amounts, that are anti-dilutive to the diluted earnings per share computation. (b) The Company had a net loss from continuing operations for the nine months ended September 30, 2020 and three and nine months ended September 30, 2019 and therefore the impact of incentive equity awards were excluded from the computation of dilutive loss per share as the inclusion of such amounts would be anti-dilutive.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The reportable segments presented below represent the Company’s 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 segments. During the first quarter of 2020, Realogy Leads Group was consolidated into Realogy Franchise Group and the segment change is reflected for all periods presented. Realogy Leads Group, which previously was part of Cartus, consists of the Company's affinity and broker-to-broker business, as well as the broker network made up of agents and brokers from Realogy’s residential real estate brands and certain independent real estate brokers (which is referred to as the Realogy Advantage Broker Network). Management evaluates the operating results of each of its reportable segments based upon revenue and Operating EBITDA. Operating EBITDA is defined by us as net income (loss) before depreciation and amortization, interest expense, net, income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, gains or losses on the early extinguishment of debt, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets. The Company’s presentation of Operating EBITDA may not be comparable to similar measures used by other companies. Revenues (a) (b) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Realogy Franchise Group $ 262 $ 240 $ 609 $ 679 Realogy Brokerage Group 1,479 1,222 3,281 3,369 Realogy Title Group 213 170 510 444 Corporate and Other (c) (97) (82) (220) (224) Total Company $ 1,857 $ 1,550 $ 4,180 $ 4,268 _______________ (a) Transactions between segments are eliminated in consolidation. Revenues for the Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $97 million and $220 million for the three and nine months ended September 30, 2020, respectively, and $82 million and $224 million for the three and nine months ended September 30, 2019, respectively. Such amounts are eliminated through the Corporate and Other line. (b) Revenues for Realogy Franchise Group include intercompany referral commissions related to Realogy Advantage Broker Network paid by Realogy Brokerage Group of $3 million and $8 million for the three and nine months ended September 30, 2020, respectively, and $6 million and $14 million for the three and nine months ended September 30, 2019, respectively. Such amounts are recorded as contra-revenues by Realogy Brokerage Group. There are no other material intersegment transactions. (c) Includes the elimination of transactions between segments. Operating EBITDA Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Realogy Franchise Group $ 196 $ 170 $ 419 $ 448 Realogy Brokerage Group 61 31 25 16 Realogy Title Group 95 31 168 54 Corporate and Other (a) (43) (26) (94) (75) Total continuing operations 309 206 518 443 Less: Depreciation and amortization 43 42 134 126 Interest expense, net 48 66 208 209 Income tax expense (benefit) 54 (23) (67) (22) Restructuring costs, net (b) 13 11 38 29 Impairments (c) 6 240 460 243 Former parent legacy cost (d) 1 1 1 1 (Gain) loss on the early extinguishment of debt (d) — (10) 8 (5) Net income (loss) from continuing operations attributable to Realogy Holdings and Realogy Group 144 (121) (264) (138) Net (loss) income from discontinued operations (e) (46) 8 (114) (5) Net income (loss) attributable to Realogy Holdings and Realogy Group $ 98 $ (113) $ (378) $ (143) _______________ (a) Includes the elimination of transactions between segments. (b) The three months ended September 30, 2020 includes restructuring charges of $11 million at Realogy Brokerage Group and $2 million at Corporate and Other. The three months ended September 30, 2019 includes restructuring charges of $2 million at Realogy Franchise Group, $8 million at Realogy Brokerage Group and $1 million at Corporate and Other. The nine months ended September 30, 2020 includes restructuring charges of $1 million at Realogy Franchise Group, $32 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $2 million at Corporate and Other. The nine months ended September 30, 2019 includes restructuring charges of $3 million at Realogy Franchise Group, $18 million at Realogy Brokerage Group, $2 million at Realogy Title Group and $6 million at Corporate and Other. (c) Impairments for the three months ended September 30, 2020 relate to lease asset impairments. Impairments for the nine months ended September 30, 2020 include a goodwill impairment charge of $413 million (which reduced the net carrying value of Realogy Brokerage Group by $314 million after accounting for the related income tax benefit of $99 million), an impairment charge of $30 million (which reduced the carrying value of trademarks at Realogy Franchise Group) and $17 million related to lease asset impairments. Impairments for the three and nine months ended September 30, 2019 include a goodwill impairment charge of $237 million (which reduced the net carrying value of Realogy Brokerage Group by $180 million after accounting for the related income tax benefit of $57 million). In addition, the three and nine months ended September 30, 2019 include other impairment charges primarily related to lease asset impairments of $3 million and $6 million, respectively. (d) Former parent legacy items and (Gain) loss on the early extinguishment of debt are recorded in Corporate and Other. (e) Includes estimated loss on the sale of discontinued operations, net of tax of $43 million and $97 million for the three and nine months ended September 30, 2020, respectively.

Basis Of Presentation Basis of

Basis Of Presentation Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fair Value Measurement, Policy	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. The following table summarizes fair value measurements by level at September 30, 2020 for assets and liabilities measured at fair value on a recurring basis: Level I Level II Level III Total Deferred compensation plan assets (included in other non-current assets) $ 1 $ — $ — $ 1 Interest rate swaps (included in other non-current liabilities) — 94 — 94 Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities) — — 4 4 The following table summarizes fair value measurements by level at December 31, 2019 for assets and liabilities measured at fair value on a recurring basis: Level I Level II Level III Total Deferred compensation plan assets (included in other non-current assets) $ 2 $ — $ — $ 2 Interest rate swaps (included in other current and non-current liabilities) — 47 — 47 Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities) — — 4 4 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, 2019 $ 4 Additions: contingent consideration related to acquisitions completed during the period 1 Reductions: payments of contingent consideration (1) Changes in fair value (reflected in general and administrative expenses) — Fair value of contingent consideration at September 30, 2020 $ 4 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: September 30, 2020 December 31, 2019 Debt Principal Amount Estimated Principal Amount Estimated Senior Secured Credit Facility: Revolving Credit Facility $ 140 $ 140 $ 190 $ 190 Term Loan B 1,050 1,003 1,058 1,048 Term Loan A Facility: Term Loan A 694 664 717 705 7.625% Senior Secured Second Lien Notes 550 578 — — 5.25% Senior Notes — — 550 557 4.875% Senior Notes 407 403 407 401 9.375% Senior Notes 550 570 550 572 _______________ (a) The fair value of the Company's indebtedness is categorized as Level II.
Equity Method Investments, Policy	Equity Method Investments At September 30, 2020 and December 31, 2019, the Company had various equity method investments which are recorded within other non-current assets on the accompanying Condensed Consolidated Balance Sheets. The Company's investment in Guaranteed Rate Affinity, LLC ("Guaranteed Rate Affinity") at Realogy Title Group had investment balances of $99 million and $60 million at September 30, 2020 and December 31, 2019, respectively. The Company recorded equity earnings of $51 million and $5 million related to its investment in Guaranteed Rate Affinity during the three months ended September 30, 2020 and 2019, respectively. The Company recorded equity earnings of $95 million and $12 million related to its investment in Guaranteed Rate Affinity during the nine months ended September 30, 2020 and 2019, respectively. The Company received $56 million in cash dividends from Guaranteed Rate Affinity during the nine months ended September 30, 2020 and no cash dividends during the nine months ended September 30, 2019. The Company invested $2 million of cash into Guaranteed Rate Affinity during the nine months ended September 30, 2019.
Income Tax, Policy	Income Taxes The provision for income taxes was an expense of $54 million and a benefit of $23 million for the three months ended September 30, 2020 and 2019, respectively, and a benefit of $67 million and $22 million for the nine months ended September 30, 2020 and 2019, respectively.
Derivatives, Policy	Derivative Instruments The Company records derivatives and hedging activities on the balance sheet at their respective fair values. The Company enters into interest rate swaps to manage its exposure to changes in interest rates associated with its variable rate borrowings. Interest rates swaps with a notional value of $600 million expired on August 7, 2020. As of September 30, 2020, the Company had interest rate swaps with an aggregate notional value of $1,000 million to offset the variability in cash flows resulting from the term loan facilities as follows: Notional Value (in millions) Commencement Date Expiration Date $450 November 2017 November 2022 $400 August 2020 August 2025 $150 November 2022 November 2027 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 Condensed Consolidated Statements of Operations. The fair value of derivative instruments was as follows: Not Designated as Hedging Instruments Balance Sheet Location September 30, 2020 December 31, 2019 Interest rate swap contracts Other current and non-current liabilities 94 47 The effect of derivative instruments on earnings was as follows: Derivative Instruments Not Designated as Hedging Instruments Location of Loss Recognized for Derivative Instruments Loss Recognized on Derivatives Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Interest rate swap contracts Interest expense $ — $ 12 $ 59 $ 50
Revenue [Policy Text Block]	Revenue Revenue is recognized upon the transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services in accordance with the revenue standard. The Company's revenue is disaggregated by major revenue categories on our Condensed Consolidated Statements of Operations and further disaggregated by business segment as follows: Three Months Ended September 30, Realogy Franchise Group Realogy Brokerage Group Realogy Title Corporate and Other Total 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 Gross commission income (a) $ — $ — $ 1,458 $ 1,201 $ — $ — $ — $ — $ 1,458 $ 1,201 Service revenue (b) 14 24 9 2 207 165 — — 230 191 Franchise fees (c) 227 186 — — — — (94) (78) 133 108 Other (d) 21 30 12 19 6 5 (3) (4) 36 50 Net revenues $ 262 $ 240 $ 1,479 $ 1,222 $ 213 $ 170 $ (97) $ (82) $ 1,857 $ 1,550 Nine Months Ended September 30, Realogy Franchise Group Realogy Brokerage Group Realogy Title Corporate and Other Total 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 Gross commission income (a) $ — $ — $ 3,227 $ 3,310 $ — $ — $ — $ — $ 3,227 $ 3,310 Service revenue (b) 41 66 18 7 494 430 — — 553 503 Franchise fees (c) 502 505 — — — — (213) (215) 289 290 Other (d) 66 108 36 52 16 14 (7) (9) 111 165 Net revenues $ 609 $ 679 $ 3,281 $ 3,369 $ 510 $ 444 $ (220) $ (224) $ 4,180 $ 4,268 ______________ (a) Consists primarily of revenues related to gross commission income at Realogy Brokerage Group, which is recognized at a point in time at the closing of a homesale transaction. (b) Service revenue primarily consists of title and escrow fees at Realogy Title Group, which are recognized at a point in time at the closing of a homesale transaction. (c) Franchise fees at Realogy Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction). (d) Other revenue is comprised of brand marketing funds received at Realogy Franchise Group from franchisees, third-party listing fees in 2019 and other miscellaneous revenues across all of the business segments. The following table shows the change in the Company's contract liabilities (deferred revenue) related to revenue contracts by reportable segment for the period: Beginning Balance at January 1, 2020 Additions during the period Recognized as Revenue during the period Ending Balance at September 30, 2020 Realogy Franchise Group: Deferred area development fees (a) $ 48 $ — $ (5) $ 43 Deferred brand marketing fund fees (b) 13 45 (50) 8 Other deferred income related to revenue contracts 11 19 (21) 9 Total Realogy Franchise Group 72 64 (76) 60 Realogy Brokerage Group: Advanced commissions related to development business (c) 9 6 (6) 9 Other deferred income related to revenue contracts 4 1 (2) 3 Total Realogy Brokerage Group 13 7 (8) 12 Total $ 85 $ 71 $ (84) $ 72 _______________ (a) The Company collects initial area development fees ("ADF") for international territory transactions, which are recorded as deferred revenue when received and recognized into franchise revenue over the average 25 year life of the related franchise agreement as consideration for the right to access and benefit from Realogy’s brands. In the event an ADF agreement is terminated prior to the end of its term, the unamortized deferred revenue balance will be recognized into revenue immediately upon termination. (b) Revenues recognized include intercompany marketing fees paid by Realogy Brokerage Group. (c) New development closings generally have a development period of between 18 and 24 months from contracted date to closing.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy	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 conditions and forecasts of future losses, 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, combined with reasonable and supportable forecasts of future losses.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy	Supplemental Cash Flow Information Significant non-cash transactions during the nine months ended September 30, 2020 and 2019 included finance lease additions of $9 million and $12 million, respectively, which resulted in non-cash additions to property and equipment, net and other non-current liabilities.
New Accounting Pronouncements, Policy	Recently Adopted Accounting Pronouncements The Company adopted the new accounting standard on Financial Instruments—Credit Losses (Topic 326) effective January 1, 2020. The new standard amends the guidance for measuring credit losses on certain financial instruments and financial assets, including trade receivables. The standard requires that companies recognize an allowance that reflects the current estimate of credit losses expected to be incurred over the life of the financial instrument. The valuation allowance for credit losses should be recognized and measured based on historical experience, current conditions and expectations of the future. The initial adoption of this guidance did not have an impact to the Company’s Condensed Consolidated Financial Statements upon adoption on January 1, 2020. Recently Issued Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates ("ASUs"). Recently issued standards 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. The FASB issued its new standard on Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Other (Policies)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Policy	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. Other indefinite-lived intangible assets primarily consist of trademarks acquired in business combinations. Goodwill and other 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 are subject to an impairment assessment annually as of October 1, or whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. This assessment compares carrying values of the goodwill reporting units and other indefinite lived intangible assets to their respective fair values and, when appropriate, the carrying value is reduced to fair value. In testing goodwill, the fair value of each reporting unit is estimated using the income approach, a discounted cash flow approach. For the other indefinite lived intangible assets, fair value is estimated using the relief from royalty method. Management utilizes long-term cash flow forecasts and the Company's annual operating plans adjusted for terminal value assumptions. The fair value of the Company's reporting units and other indefinite lived intangible assets are determined utilizing the best estimate of future revenues, operating expenses including commission expense, market and general economic conditions, trends in the industry, as well as assumptions that management believes 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 management believes that assumptions are reasonable, actual results may vary significantly.

Equity (Policies)

Equity (Policies)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Stock Repurchase Policy [Policy Text Block]	Stock Repurchases Shares of Company common stock that have been repurchased pursuant to prior authorizations from the Company's Board of Directors have been retired and are not displayed separately as treasury stock on the consolidated financial statements. The par value of the shares repurchased and retired is deducted from common stock and the excess of the purchase price over par value is first charged against any available additional paid-in capital with the balance charged to retained earnings. Direct costs incurred to repurchase the shares are included in the total cost of the shares. The Company's Board of Directors authorized a share repurchase program of up to $275 million, $300 million, $350 million and $175 million of the Company's common stock in February 2016, 2017, 2018 and 2019, respectively. In the first quarter of 2019, the Company repurchased and retired 1.2 million shares of common stock for $20 million at a weighted average market price of $17.21 per share. The Company has not repurchased any shares under the share repurchase programs since 2019, and in May 2020, the Company's Board of Directors terminated its outstanding share repurchase programs.

Basis Of Presentation (Tables)

Basis Of Presentation (Tables)	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fair Value Hierarchy	The following table summarizes fair value measurements by level at September 30, 2020 for assets and liabilities measured at fair value on a recurring basis: Level I Level II Level III Total Deferred compensation plan assets (included in other non-current assets) $ 1 $ — $ — $ 1 Interest rate swaps (included in other non-current liabilities) — 94 — 94 Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities) — — 4 4 The following table summarizes fair value measurements by level at December 31, 2019 for assets and liabilities measured at fair value on a recurring basis: Level I Level II Level III Total Deferred compensation plan assets (included in other non-current assets) $ 2 $ — $ — $ 2 Interest rate swaps (included in other current and non-current liabilities) — 47 — 47 Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities) — — 4 4
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, 2019 $ 4 Additions: contingent consideration related to acquisitions completed during the period 1 Reductions: payments of contingent consideration (1) Changes in fair value (reflected in general and administrative expenses) — Fair value of contingent consideration at September 30, 2020 $ 4
Fair Value, by Balance Sheet Grouping	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: September 30, 2020 December 31, 2019 Debt Principal Amount Estimated Principal Amount Estimated Senior Secured Credit Facility: Revolving Credit Facility $ 140 $ 140 $ 190 $ 190 Term Loan B 1,050 1,003 1,058 1,048 Term Loan A Facility: Term Loan A 694 664 717 705 7.625% Senior Secured Second Lien Notes 550 578 — — 5.25% Senior Notes — — 550 557 4.875% Senior Notes 407 403 407 401 9.375% Senior Notes 550 570 550 572 _______________ (a) The fair value of the Company's indebtedness is categorized as Level II.
Schedule of Derivative Instruments	As of September 30, 2020, the Company had interest rate swaps with an aggregate notional value of $1,000 million to offset the variability in cash flows resulting from the term loan facilities as follows: Notional Value (in millions) Commencement Date Expiration Date $450 November 2017 November 2022 $400 August 2020 August 2025 $150 November 2022 November 2027
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair value of derivative instruments was as follows: Not Designated as Hedging Instruments Balance Sheet Location September 30, 2020 December 31, 2019 Interest rate swap contracts Other current and non-current liabilities 94 47
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The effect of derivative instruments on earnings was as follows: Derivative Instruments Not Designated as Hedging Instruments Location of Loss Recognized for Derivative Instruments Loss Recognized on Derivatives Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Interest rate swap contracts Interest expense $ — $ 12 $ 59 $ 50
Disaggregation of Revenue	Revenue Revenue is recognized upon the transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services in accordance with the revenue standard. The Company's revenue is disaggregated by major revenue categories on our Condensed Consolidated Statements of Operations and further disaggregated by business segment as follows: Three Months Ended September 30, Realogy Franchise Group Realogy Brokerage Group Realogy Title Corporate and Other Total 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 Gross commission income (a) $ — $ — $ 1,458 $ 1,201 $ — $ — $ — $ — $ 1,458 $ 1,201 Service revenue (b) 14 24 9 2 207 165 — — 230 191 Franchise fees (c) 227 186 — — — — (94) (78) 133 108 Other (d) 21 30 12 19 6 5 (3) (4) 36 50 Net revenues $ 262 $ 240 $ 1,479 $ 1,222 $ 213 $ 170 $ (97) $ (82) $ 1,857 $ 1,550 Nine Months Ended September 30, Realogy Franchise Group Realogy Brokerage Group Realogy Title Corporate and Other Total 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 Gross commission income (a) $ — $ — $ 3,227 $ 3,310 $ — $ — $ — $ — $ 3,227 $ 3,310 Service revenue (b) 41 66 18 7 494 430 — — 553 503 Franchise fees (c) 502 505 — — — — (213) (215) 289 290 Other (d) 66 108 36 52 16 14 (7) (9) 111 165 Net revenues $ 609 $ 679 $ 3,281 $ 3,369 $ 510 $ 444 $ (220) $ (224) $ 4,180 $ 4,268 ______________ (a) Consists primarily of revenues related to gross commission income at Realogy Brokerage Group, which is recognized at a point in time at the closing of a homesale transaction. (b) Service revenue primarily consists of title and escrow fees at Realogy Title Group, which are recognized at a point in time at the closing of a homesale transaction. (c) Franchise fees at Realogy Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction). (d) Other revenue is comprised of brand marketing funds received at Realogy Franchise Group from franchisees, third-party listing fees in 2019 and other miscellaneous revenues across all of the business segments.
Deferred Revenue by Arrangement	The following table shows the change in the Company's contract liabilities (deferred revenue) related to revenue contracts by reportable segment for the period: Beginning Balance at January 1, 2020 Additions during the period Recognized as Revenue during the period Ending Balance at September 30, 2020 Realogy Franchise Group: Deferred area development fees (a) $ 48 $ — $ (5) $ 43 Deferred brand marketing fund fees (b) 13 45 (50) 8 Other deferred income related to revenue contracts 11 19 (21) 9 Total Realogy Franchise Group 72 64 (76) 60 Realogy Brokerage Group: Advanced commissions related to development business (c) 9 6 (6) 9 Other deferred income related to revenue contracts 4 1 (2) 3 Total Realogy Brokerage Group 13 7 (8) 12 Total $ 85 $ 71 $ (84) $ 72 _______________ (a) The Company collects initial area development fees ("ADF") for international territory transactions, which are recorded as deferred revenue when received and recognized into franchise revenue over the average 25 year life of the related franchise agreement as consideration for the right to access and benefit from Realogy’s brands. In the event an ADF agreement is terminated prior to the end of its term, the unamortized deferred revenue balance will be recognized into revenue immediately upon termination. (b) Revenues recognized include intercompany marketing fees paid by Realogy Brokerage Group. (c) New development closings generally have a development period of between 18 and 24 months from contracted date to closing.

Discontinued Operations and D_2

Discontinued Operations and Disposal Groups (Tables)	9 Months Ended
	Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table summarizes the operating results of discontinued operations described above and reflected within "Net (loss) income from discontinued operations" in the Company’s Condensed Consolidated Statements of Operations for each of the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net revenues $ 52 $ 79 $ 152 $ 210 Total expenses 57 69 176 216 (Loss) income from discontinued operations (5) 10 (24) (6) Estimated loss on the sale of discontinued operations (a) (59) — (133) — Income tax (benefit) expense from discontinued operations (18) 2 (43) (1) Net (loss) income from discontinued operations $ (46) $ 8 $ (114) $ (5) _______________ (a) Adjustment to record assets and liabilities held for sale at the lower of carrying value or fair value less any costs to sell based on a market price that is reasonable in relation to fair value. Assets and liabilities held for sale related to discontinued operations presented in the Condensed Consolidated Balance Sheets at September 30, 2020 and December 31, 2019 are as follows: September 30, 2020 December 31, 2019 Carrying amounts of the major classes of assets held for sale Cash and cash equivalents $ 13 $ 28 Restricted cash 4 3 Trade receivables 40 46 Relocation receivables 200 203 Other current assets 10 12 Property and equipment, net 42 36 Operating lease assets, net 21 36 Goodwill 176 176 Trademarks 76 76 Other intangibles, net 156 156 Allowance for reduction of assets held for sale (a) (155) (22) Total assets classified as held for sale $ 583 $ 750 Carrying amounts of the major classes of liabilities held for sale Accounts payable $ 45 $ 53 Securitization obligations 143 206 Current portion of operating lease liabilities 6 6 Accrued expenses and other current liabilities 78 62 Long-term operating lease liabilities 25 29 Total liabilities classified as held for sale $ 297 $ 356 _______________ (a) Adjustment to record assets and liabilities held for sale at the lower of carrying value or fair value less any costs to sell based on a market price that is reasonable in relation to fair value.
Securitization Obligations Table	Securitization Obligations in the table above are further broken out as follows: September 30, 2020 December 31, 2019 Securitization Obligations: Apple Ridge Funding LLC $ 137 $ 195 Cartus Financing Limited 6 11 Total Securitization Obligations $ 143 $ 206

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Comparison of key assumptions used in impairment assessment	The following table provides a comparison of key assumptions used in the Company's impairment assessment performed in the first quarter of 2020 compared to the prior assessment performed in the fourth quarter of 2019: Weighted Average Cost of Capital Long-term Growth Rates First Quarter 2020 Fourth Quarter 2019 First Quarter 2020 Fourth Quarter 2019 Realogy Franchise Group 10.0% 8.5% 2.5% 2.5% Realogy Brokerage Group 11.0% 9.0% 2.0% 2.0% Realogy Title Group 11.0% 9.5% 2.5% 2.5%
Goodwill by segment and changes in the carrying amount	Goodwill by reporting unit and changes in the carrying amount are as follows: Realogy Franchise Group Realogy Brokerage Group Realogy Total Balance at December 31, 2019 $ 2,476 $ 669 $ 155 $ 3,300 Goodwill acquired — — — — Impairment loss — (413) — (413) Balance at September 30, 2020 $ 2,476 $ 256 $ 155 $ 2,887 Accumulated impairment losses (a) $ 1,160 $ 808 $ 324 $ 2,292 _______________ (a) Includes impairment charges which reduced goodwill by $413 million, $237 million, $1,153 million and $489 million during the first quarter of 2020, third quarter of 2019, fourth quarter of 2008 and fourth quarter of 2007, respectively.
Intangible Assets	Intangible assets are as follows: As of September 30, 2020 As of December 31, 2019 Gross Accumulated Net Gross Accumulated Net Amortizable—Franchise agreements (a) $ 2,019 $ 910 $ 1,109 $ 2,019 $ 859 $ 1,160 Indefinite life—Trademarks (b) (c) $ 643 $ 643 $ 673 $ 673 Other Intangibles Amortizable—License agreements (d) $ 45 $ 13 $ 32 $ 45 $ 12 $ 33 Amortizable—Customer relationships (e) 71 58 13 71 57 14 Indefinite life—Title plant shares (f) 20 20 19 19 Amortizable—Other (g) 23 19 4 27 21 6 Total Other Intangibles $ 159 $ 90 $ 69 $ 162 $ 90 $ 72 _______________ (a) Generally amortized over a period of 30 years. (b) Primarily related to real estate franchise brands which are expected to generate future cash flows for an indefinite period of time. (c) Realogy Franchise Group trademarks was impaired by $30 million during the first quarter of 2020. (d) 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). (e) Relates to the customer relationships at Realogy Title Group and Realogy Brokerage Group. These relationships are being amortized over a period of 2 to 12 years. (f) 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. (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	Intangible asset amortization expense is as follows: Three Months Ended Nine Months Ended 2020 2019 2020 2019 Franchise agreements $ 17 $ 17 $ 51 $ 51 License agreements 1 1 1 1 Customer relationships — — 1 2 Other 1 2 3 4 Total $ 19 $ 20 $ 56 $ 58

Accrued Expenses And Other Cu_2

Accrued Expenses And Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Payables and Accruals [Abstract]
Accrued expenses and other current liabilities	Accrued expenses and other current liabilities consisted of: September 30, 2020 December 31, 2019 Accrued payroll and related employee costs $ 146 $ 103 Accrued volume incentives 35 35 Accrued commissions 52 32 Restructuring accruals 12 11 Deferred income 37 43 Accrued interest 46 18 Current portion of finance lease liabilities 13 13 Due to former parent 19 18 Other 79 77 Total accrued expenses and other current liabilities $ 439 $ 350

Short And Long-Term Debt (Table

Short And Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of Total Indebtedness	Total indebtedness is as follows: September 30, 2020 December 31, 2019 Senior Secured Credit Facility: Revolving Credit Facility $ 140 $ 190 Term Loan B 1,039 1,045 Term Loan A Facility: Term Loan A 690 714 7.625% Senior Secured Second Lien Notes 540 — 5.25% Senior Notes — 548 4.875% Senior Notes 405 405 9.375% Senior Notes 543 543 Total Short-Term & Long-Term Debt $ 3,357 $ 3,445
Schedule of Debt	As of September 30, 2020, the Company’s borrowing arrangements were as follows: Interest Expiration Principal Amount Unamortized Discount and Debt Issuance Costs Net Amount Senior Secured Credit Facility: Revolving Credit Facility (1) (2) February 2023 $ 140 $ * $ 140 Term Loan B (3) February 2025 1,050 11 1,039 Term Loan A Facility: Term Loan A (4) February 2023 694 4 690 Senior Secured Second Lien Notes 7.625% June 2025 550 10 540 Senior Notes 4.875% June 2023 407 2 405 Senior Notes 9.375% April 2027 550 7 543 Total $ 3,391 $ 34 $ 3,357 _______________ * The debt issuance costs related to our Revolving Credit Facility are classified as a deferred financing asset within other assets. (1) As of September 30, 2020, the $1,425 million Revolving Credit Facility had outstanding borrowings of $140 million, as well as $40 million of outstanding undrawn letters of credit. The Revolving Credit Facility expires in February 2023 but is classified on the balance sheet as current due to the revolving nature and terms and conditions of the facility. On November 3, 2020, the Company had no outstanding borrowings under the Revolving Credit Facility and $40 million of outstanding undrawn letters of credit. (2) Interest rates with respect to revolving loans under the Senior Secured Credit Facility at September 30, 2020 were based on, at the Company's option, (a) adjusted London Interbank Offering Rate ("LIBOR") plus an additional margin or (b) JP Morgan Chase Bank, N.A.'s prime rate ("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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020. (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 2.25% (with a LIBOR floor of 0.75%) or (b) ABR plus 1.25% (with an ABR floor of 1.75%). (4) The Term Loan A provides for quarterly amortization payments, based on a percentage of the original principal amount of the Term Loan A, as follows: 0.625% per quarter from June 30, 2018 to March 31, 2020; 1.25% per quarter from June 30, 2020 to March 31, 2021; 1.875% per quarter from June 30, 2021 to March 31, 2022; and 2.50% per quarter for periods ending on or after June 30, 2022, with the balance of the Term Loan A due at maturity on February 8, 2023. The interest rates with respect to 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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020.
Schedule of Maturities of Long-term Debt	Year Amount Remaining 2020 (a) $ 152 2021 62 2022 81 2023 982 2024 11 _______________ (a) Remaining 2020 includes amortization payments totaling $9 million and $3 million for the Term Loan A and Term Loan B facilities, respectively, as well as $140 million of revolver borrowings under the Revolving Credit Facility which expires in February 2023 but is classified on the balance sheet as current due to the revolving nature and terms and conditions of the facility. The current portion of long-term debt of $198 million shown on the Condensed Consolidated Balance Sheets consists of four quarters of amortization payments totaling $47 million and $11 million for the Term Loan A and Term Loan B facilities, respectively, and $140 million of revolver borrowings under the Revolving Credit 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 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%
Interest Rate Table for Term Loan A	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%

Restructuring Costs Restructu_2

Restructuring Costs Restructuring Costs (Tables)	9 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The components of the restructuring charges for the three and nine months ended September 30, 2020 and 2019 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Personnel-related costs (1) $ 3 $ 4 $ 10 $ 17 Facility-related costs (2) 10 6 28 11 Other restructuring costs (3) — 1 — 1 Total restructuring charges (4) $ 13 $ 11 $ 38 $ 29 _______________ (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, amortization of lease assets that will continue to be incurred under the contract for its remaining term without economic benefit to the Company, accelerated depreciation on asset disposals and other facility and employee relocation related costs. (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. (4) Restructuring charges for the three months ended September 30, 2020 relate to the Facility and Operational Efficiencies Program. Restructuring charges for the nine months ended September 30, 2020 include $36 million related to the Facility and Operational Efficiencies Program and $2 million related to the Leadership Realignment and Other Restructuring Activities Program. Restructuring charges for the three and nine months ended September 30, 2019 include $10 million and $25 million, respectively, related to the Facility and Operational Efficiencies Program and $1 million and $4 million, respectively, related to prior restructuring programs.
Schedule of Restructuring Reserve by Type of Cost	The following is a reconciliation of the beginning and ending reserve balances related to the Facility and Operational Efficiencies Program: Personnel-related costs Facility-related costs Total Balance at December 31, 2019 $ 6 $ 5 $ 11 Restructuring charges (1) 10 26 36 Costs paid or otherwise settled (14) (19) (33) Balance at September 30, 2020 $ 2 $ 12 $ 14 _______________ (1) In addition, the Company incurred an additional $17 million of facility-related costs for lease asset impairments in connection with the Facility and Operational Efficiencies Program during the nine months ended September 30, 2020.
Schedule of Expected Restructuring Costs by Cost Type	The following table shows the total costs currently expected to be incurred by type of cost related to the Facility and Operational Efficiencies Program: Total amount expected to be incurred (1) Amount incurred Total amount remaining to be incurred (1) Personnel-related costs $ 34 $ 31 $ 3 Facility-related costs 73 42 31 Other restructuring costs 1 1 — Total $ 108 $ 74 $ 34 _______________ (1) Facility-related costs include potential lease asset impairments to be incurred under the Facility and Operational Efficiencies Program.
Schedule of Expected Restructuring Costs by Business Segment	The following table shows the total costs currently expected to be incurred by reportable segment related to the Facility and Operational Efficiencies Program: Total amount expected to be incurred Amount incurred Total amount remaining to be incurred Realogy Franchise Group $ 5 $ 5 $ — Realogy Brokerage Group 84 55 29 Realogy Title Group 5 5 — Corporate and Other 14 9 5 Total $ 108 $ 74 $ 34

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Schedule of Stockholders Equity [Table Text Block]	Condensed Consolidated Statement of Changes in Equity for Realogy Holdings Three Months Ended September 30, 2020 Common Stock Additional Paid-In Capital Accumulated Deficit Accumulated Other Comprehensive Loss Non- controlling Interests Total Equity Shares Amount Balance at June 30, 2020 115.4 $ 1 $ 4,847 $ (3,171) $ (56) $ 4 $ 1,625 Net income — — — 98 — 1 99 Other comprehensive income — — — — 1 — 1 Stock-based compensation — — 9 — — — 9 Issuance of shares for vesting of equity awards 0.1 — — — — — — Shares withheld for taxes on equity awards (0.1) — — — — — — Dividends — — — — — (1) (1) Balance at September 30, 2020 115.4 $ 1 $ 4,856 $ (3,073) $ (55) $ 4 $ 1,733 Three Months Ended September 30, 2019 Common Stock Additional Paid-In Capital Accumulated Deficit Accumulated Other Comprehensive Loss Non- controlling Interests Total Equity Shares Amount Balance at June 30, 2019 114.3 $ 1 $ 4,837 $ (2,537) $ (51) $ 3 $ 2,253 Net (loss) income — — — (113) — 1 (112) Other comprehensive loss — — — — (1) — (1) Stock-based compensation — — 10 — — — 10 Dividends declared ($0.09 per share) — — (10) — — — (10) Balance at September 30, 2019 114.3 $ 1 $ 4,837 $ (2,650) $ (52) $ 4 $ 2,140 Nine Months Ended September 30, 2020 Common Stock Additional Accumulated Accumulated Non- Total Shares Amount Balance at December 31, 2019 114.4 $ 1 $ 4,842 $ (2,695) $ (56) $ 4 $ 2,096 Net (loss) income — — — (378) — 2 (376) Other comprehensive income — — — — 1 — 1 Stock-based compensation — — 19 — — — 19 Issuance of shares for vesting of equity awards 1.6 — — — — — — Shares withheld for taxes on equity awards (0.6) — (5) — — — (5) Dividends — — — — — (2) (2) Balance at September 30, 2020 115.4 $ 1 $ 4,856 $ (3,073) $ (55) $ 4 $ 1,733 Nine Months Ended September 30, 2019 Common Stock Additional Accumulated Accumulated Non- Total Shares Amount Balance at December 31, 2018 114.6 $ 1 $ 4,869 $ (2,507) $ (52) $ 4 $ 2,315 Net (loss) income — — — (143) — 2 (141) Repurchase of common stock (1.2) — (20) — — — (20) Stock-based compensation — — 25 — — — 25 Issuance of shares for vesting of equity awards 1.3 — — — — — — Shares withheld for taxes on equity awards (0.4) — (6) — — — (6) Dividends declared ($0.27 per share) — — (31) — — (2) (33) Balance at September 30, 2019 114.3 $ 1 $ 4,837 $ (2,650) $ (52) $ 4 $ 2,140

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted earnings (loss) per share: Three Months Ended Nine Months Ended (in millions, except per share data) 2020 2019 2020 2019 Numerator: Numerator for earnings (loss) per share—continuing operations Net income (loss) from continuing operations $ 145 $ (120) $ (262) $ (136) Less: Net income attributable to noncontrolling interests (1) (1) (2) (2) Net income (loss) from continuing operations attributable to Realogy Holdings $ 144 $ (121) $ (264) $ (138) Numerator for earnings (loss) per share—discontinued operations Net (loss) income from discontinued operations $ (46) $ 8 $ (114) $ (5) Net income (loss) attributable to Realogy Holdings shareholders $ 98 $ (113) $ (378) $ (143) Denominator: Weighted average common shares outstanding (denominator for basic earnings (loss) per share calculation) 115.4 114.3 115.2 114.2 Dilutive effect of stock-based compensation (a)(b) 1.3 — — — Weighted average common shares outstanding (denominator for diluted earnings (loss) per share calculation) 116.7 114.3 115.2 114.2 Basic earnings (loss) per share attributable to Realogy Holdings shareholders: Basic earnings (loss) per share from continuing operations $ 1.25 $ (1.06) $ (2.29) $ (1.21) Basic (loss) earnings per share from discontinued operations (0.40) 0.07 (0.99) (0.04) Basic earnings (loss) per share $ 0.85 $ (0.99) $ (3.28) $ (1.25) Diluted earnings (loss) per share attributable to Realogy Holdings shareholders: Diluted earnings (loss) per share from continuing operations $ 1.23 $ (1.06) $ (2.29) $ (1.21) Diluted (loss) earnings per share from discontinued operations (0.39) 0.07 (0.99) (0.04) Diluted earnings (loss) per share $ 0.84 $ (0.99) $ (3.28) $ (1.25) _______________ (a) The three months ended September 30, 2020 exclude 8.3 million of common stock issuable for incentive equity awards, which includes performance share units based on the achievement of target amounts, that are anti-dilutive to the diluted earnings per share computation. (b) The Company had a net loss from continuing operations for the nine months ended September 30, 2020 and three and nine months ended September 30, 2019 and therefore the impact of incentive equity awards were excluded from the computation of dilutive loss per share as the inclusion of such amounts would be anti-dilutive.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Revenues	Revenues (a) (b) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Realogy Franchise Group $ 262 $ 240 $ 609 $ 679 Realogy Brokerage Group 1,479 1,222 3,281 3,369 Realogy Title Group 213 170 510 444 Corporate and Other (c) (97) (82) (220) (224) Total Company $ 1,857 $ 1,550 $ 4,180 $ 4,268 _______________ (a) Transactions between segments are eliminated in consolidation. Revenues for the Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $97 million and $220 million for the three and nine months ended September 30, 2020, respectively, and $82 million and $224 million for the three and nine months ended September 30, 2019, respectively. Such amounts are eliminated through the Corporate and Other line. (b) Revenues for Realogy Franchise Group include intercompany referral commissions related to Realogy Advantage Broker Network paid by Realogy Brokerage Group of $3 million and $8 million for the three and nine months ended September 30, 2020, respectively, and $6 million and $14 million for the three and nine months ended September 30, 2019, respectively. Such amounts are recorded as contra-revenues by Realogy Brokerage Group. There are no other material intersegment transactions. (c) Includes the elimination of transactions between segments.
Operating EBITDA	Operating EBITDA Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Realogy Franchise Group $ 196 $ 170 $ 419 $ 448 Realogy Brokerage Group 61 31 25 16 Realogy Title Group 95 31 168 54 Corporate and Other (a) (43) (26) (94) (75) Total continuing operations 309 206 518 443 Less: Depreciation and amortization 43 42 134 126 Interest expense, net 48 66 208 209 Income tax expense (benefit) 54 (23) (67) (22) Restructuring costs, net (b) 13 11 38 29 Impairments (c) 6 240 460 243 Former parent legacy cost (d) 1 1 1 1 (Gain) loss on the early extinguishment of debt (d) — (10) 8 (5) Net income (loss) from continuing operations attributable to Realogy Holdings and Realogy Group 144 (121) (264) (138) Net (loss) income from discontinued operations (e) (46) 8 (114) (5) Net income (loss) attributable to Realogy Holdings and Realogy Group $ 98 $ (113) $ (378) $ (143) _______________ (a) Includes the elimination of transactions between segments. (b) The three months ended September 30, 2020 includes restructuring charges of $11 million at Realogy Brokerage Group and $2 million at Corporate and Other. The three months ended September 30, 2019 includes restructuring charges of $2 million at Realogy Franchise Group, $8 million at Realogy Brokerage Group and $1 million at Corporate and Other. The nine months ended September 30, 2020 includes restructuring charges of $1 million at Realogy Franchise Group, $32 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $2 million at Corporate and Other. The nine months ended September 30, 2019 includes restructuring charges of $3 million at Realogy Franchise Group, $18 million at Realogy Brokerage Group, $2 million at Realogy Title Group and $6 million at Corporate and Other. (c) Impairments for the three months ended September 30, 2020 relate to lease asset impairments. Impairments for the nine months ended September 30, 2020 include a goodwill impairment charge of $413 million (which reduced the net carrying value of Realogy Brokerage Group by $314 million after accounting for the related income tax benefit of $99 million), an impairment charge of $30 million (which reduced the carrying value of trademarks at Realogy Franchise Group) and $17 million related to lease asset impairments. Impairments for the three and nine months ended September 30, 2019 include a goodwill impairment charge of $237 million (which reduced the net carrying value of Realogy Brokerage Group by $180 million after accounting for the related income tax benefit of $57 million). In addition, the three and nine months ended September 30, 2019 include other impairment charges primarily related to lease asset impairments of $3 million and $6 million, respectively. (d) Former parent legacy items and (Gain) loss on the early extinguishment of debt are recorded in Corporate and Other. (e) Includes estimated loss on the sale of discontinued operations, net of tax of $43 million and $97 million for the three and nine months ended September 30, 2020, respectively.

Basis Of Presentation Financial

Basis Of Presentation Financial Instruments - Fair Value Measurements (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Liabilities Rollforward [Roll Forward]
Fair value of contingent consideration at December 31, 2019	$ 4
Additions: contingent consideration related to acquisitions completed during the period	1
Reductions: payments of contingent consideration	(1)
Changes in fair value (reflected in general and administrative expenses)	0
Fair value of contingent consideration at September 30, 2020	4
Fair Value, Measurements, Recurring | Deferred Compensation Plan Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets (included in other non-current assets)	1	$ 2
Fair Value, Measurements, Recurring | Deferred Compensation Plan Assets | 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)	1	2
Fair Value, Measurements, Recurring | Deferred Compensation Plan Assets | 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
Fair Value, Measurements, Recurring | Deferred Compensation Plan Assets | 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
Fair Value, Measurements, Recurring | Interest Rate Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps (included in other current and non-current liabilities)	94	47
Fair Value, Measurements, Recurring | Interest Rate Swap | 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
Fair Value, Measurements, Recurring | Interest Rate Swap | 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)	94	47
Fair Value, Measurements, Recurring | Interest Rate Swap | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps (included in other current and non-current liabilities)	0	0
Fair Value, Measurements, Recurring | Contingent Consideration for Acquisitions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)	4	4
Fair Value, Measurements, Recurring | Contingent Consideration for Acquisitions | Level I
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)	0	0
Fair Value, Measurements, Recurring | Contingent Consideration for Acquisitions | Level II
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)	0	0
Fair Value, Measurements, Recurring | Contingent Consideration for Acquisitions | Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and other non-current liabilities)	$ 4	$ 4

Basis Of Presentation Financi_2

Basis Of Presentation Financial Instruments - Fair Value Indebtedness Table (Details) - USD ($) $ in Millions		Sep. 30, 2020		Dec. 31, 2019	Feb. 28, 2018
Long-term debt principal amount		$ 3,391
Secured Debt | Term Loan B
Long-term debt principal amount		1,050	[1]	$ 1,058	$ 1,080
Long-term debt fair value	[2]	1,003		1,048
Secured Debt | Term Loan A
Long-term debt principal amount		694	[3]	717	$ 750
Long-term debt fair value	[2]	664		705
Secured Debt | 7.625% Senior Secured Second Lien Notes
Long-term debt principal amount		550		0
Long-term debt fair value	[2]	578		0
Senior Notes | 5.25% Senior Notes
Long-term debt principal amount		0		550
Long-term debt fair value	[2]	0		557
Senior Notes | 4.875% Senior Notes
Long-term debt principal amount		407		407
Long-term debt fair value	[2]	403		401
Senior Notes | 9.375% Senior Notes
Long-term debt principal amount		550		550
Long-term debt fair value	[2]	570		572
Line of Credit | Revolving Credit Facility
Line of credit facility outstanding		140	[4],[5]	190
Line of credit facility fair value	[2]	$ 140		$ 190
[1]	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 2.25% (with a LIBOR floor of 0.75%) or (b) ABR plus 1.25% (with an ABR floor of 1.75%).
[2]	The fair value of the Company's indebtedness is categorized as Level II.
[3]	The Term Loan A provides for quarterly amortization payments, based on a percentage of the original principal amount of the Term Loan A, as follows: 0.625% per quarter from June 30, 2018 to March 31, 2020; 1.25% per quarter from June 30, 2020 to March 31, 2021; 1.875% per quarter from June 30, 2021 to March 31, 2022; and 2.50% per quarter for periods ending on or after June 30, 2022, with the balance of the Term Loan A due at maturity on February 8, 2023. The interest rates with respect to 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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020.
[4]	As of September 30, 2020, the $1,425 million Revolving Credit Facility had outstanding borrowings of $140 million, as well as $40 million of outstanding undrawn letters of credit. The Revolving Credit Facility expires in February 2023 but is classified on the balance sheet as current due to the revolving nature and terms and conditions of the facility. On November 3, 2020, the Company had no outstanding borrowings under the Revolving Credit Facility and $40 million of outstanding undrawn letters of credit.
[5]	Interest rates with respect to revolving loans under the Senior Secured Credit Facility at September 30, 2020 were based on, at the Company's option, (a) adjusted London Interbank Offering Rate ("LIBOR") plus an additional margin or (b) JP Morgan Chase Bank, N.A.'s prime rate ("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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020.

Basis Of Presentation Equity Me

Basis Of Presentation Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Equity in earnings of unconsolidated entities	$ (53)	$ (7)	$ (98)	$ (15)
Dividends received from unconsolidated entities			59	2
Payments to Acquire Equity Method Investments			2	10
Guaranteed Rate Affinity
Schedule of Equity Method Investments [Line Items]
Carrying value of equity method investments	99		99		$ 60
Equity in earnings of unconsolidated entities	(51)	(5)	(95)	(12)
Dividends received from unconsolidated entities			56	0
Payments to Acquire Equity Method Investments				2
Other Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Carrying value of equity method investments	9		9		$ 9
Equity in earnings of unconsolidated entities	$ (2)	$ (2)	(3)	(3)
Dividends received from unconsolidated entities			$ 3	$ 2

Basis Of Presentation Income Ta

Basis Of Presentation Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income tax expense (benefit) from continuing operations	$ 54	$ (23)	$ (67)	$ (22)

Basis Of Presentation Derivativ

Basis Of Presentation Derivative Instruments (Details) - Interest Rate Swap - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Aug. 07, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivative, Notional Amount	$ 1,000		$ 1,000
Not Designated as Hedging Instrument | Interest expense
Derivative [Line Items]
Loss Recognized on Derivatives	0	$ 12	59	$ 50
Not Designated as Hedging Instrument | Other current and non-current liabilities
Derivative [Line Items]
Interest rate swap contract - other current and non-current liabilities	94		94			$ 47
August 2015
Derivative [Line Items]
Derivative, Notional Amount					$ 600
November 2017
Derivative [Line Items]
Derivative, Notional Amount	450		450
August 2020
Derivative [Line Items]
Derivative, Notional Amount	400		400
November 2022
Derivative [Line Items]
Derivative, Notional Amount	$ 150		$ 150

Basis of Presentation Restricte

Basis of Presentation Restricted Cash (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Restricted Cash [Abstract]
Restricted Cash	$ 1	$ 0

Basis Of Presentation Revenue R

Basis Of Presentation Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Revenues	[1],[2]	$ 1,857	$ 1,550	$ 4,180	$ 4,268
Gross commission income
Disaggregation of Revenue [Line Items]
Revenues	[3]	1,458	1,201	3,227	3,310
Service revenue
Disaggregation of Revenue [Line Items]
Revenues	[4]	230	191	553	503
Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	[5]	133	108	289	290
Other
Disaggregation of Revenue [Line Items]
Revenues	[6]	36	50	111	165
Realogy Franchise Group
Disaggregation of Revenue [Line Items]
Revenues	[1],[2]	262	240	609	679
Realogy Franchise Group | Gross commission income
Disaggregation of Revenue [Line Items]
Revenues	[3]	0	0	0	0
Realogy Franchise Group | Service revenue
Disaggregation of Revenue [Line Items]
Revenues	[4]	14	24	41	66
Realogy Franchise Group | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	[5]	227	186	502	505
Realogy Franchise Group | Other
Disaggregation of Revenue [Line Items]
Revenues	[6]	21	30	66	108
Realogy Brokerage Group
Disaggregation of Revenue [Line Items]
Revenues	[1],[2]	1,479	1,222	3,281	3,369
Realogy Brokerage Group | Gross commission income
Disaggregation of Revenue [Line Items]
Revenues	[3]	1,458	1,201	3,227	3,310
Realogy Brokerage Group | Service revenue
Disaggregation of Revenue [Line Items]
Revenues	[4]	9	2	18	7
Realogy Brokerage Group | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	[5]	0	0	0	0
Realogy Brokerage Group | Other
Disaggregation of Revenue [Line Items]
Revenues	[6]	12	19	36	52
Realogy Title Group
Disaggregation of Revenue [Line Items]
Revenues	[1],[2]	213	170	510	444
Realogy Title Group | Gross commission income
Disaggregation of Revenue [Line Items]
Revenues	[3]	0	0	0	0
Realogy Title Group | Service revenue
Disaggregation of Revenue [Line Items]
Revenues	[4]	207	165	494	430
Realogy Title Group | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	[5]	0	0	0	0
Realogy Title Group | Other
Disaggregation of Revenue [Line Items]
Revenues	[6]	6	5	16	14
Corporate and Other
Disaggregation of Revenue [Line Items]
Revenues	[1],[2],[7]	(97)	(82)	(220)	(224)
Corporate and Other | Gross commission income
Disaggregation of Revenue [Line Items]
Revenues	[3]	0	0	0	0
Corporate and Other | Service revenue
Disaggregation of Revenue [Line Items]
Revenues	[4]	0	0	0	0
Corporate and Other | Franchise fees
Disaggregation of Revenue [Line Items]
Revenues	[5]	(94)	(78)	(213)	(215)
Corporate and Other | Other
Disaggregation of Revenue [Line Items]
Revenues	[6]	$ (3)	$ (4)	$ (7)	$ (9)
[1]	Revenues for Realogy Franchise Group include intercompany referral commissions related to Realogy Advantage Broker Network paid by Realogy Brokerage Group of $3 million and $8 million for the three and nine months ended September 30, 2020, respectively, and $6 million and $14 million for the three and nine months ended September 30, 2019, respectively. Such amounts are recorded as contra-revenues by Realogy Brokerage Group. There are no other material intersegment transactions.
[2]	Transactions between segments are eliminated in consolidation. Revenues for the Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $97 million and $220 million for the three and nine months ended September 30, 2020, respectively, and $82 million and $224 million for the three and nine months ended September 30, 2019, respectively. Such amounts are eliminated through the Corporate and Other line.
[3]	Consists primarily of revenues related to gross commission income at Realogy Brokerage Group, which is recognized at a point in time at the closing of a homesale transaction.
[4]	Service revenue primarily consists of title and escrow fees at Realogy Title Group, which are recognized at a point in time at the closing of a homesale transaction.
[5]	Franchise fees at Realogy Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
[6]	Other revenue is comprised of brand marketing funds received at Realogy Franchise Group from franchisees, third-party listing fees in 2019 and other miscellaneous revenues across all of the business segments.
[7]	Includes the elimination of transactions between segments.

Basis Of Presentation Revenue_2

Basis Of Presentation Revenue Recognition - Deferred Revenue (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2020	Jan. 01, 2020
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred Revenue		$ 72	$ 85
Deferred Revenue, Additions		71
Deferred Revenue, Revenue Recognized		(84)
Realogy Franchise Group
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred Revenue		60	72
Deferred Revenue, Additions		64
Deferred Revenue, Revenue Recognized		(76)
Realogy Brokerage Group
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred Revenue		12	13
Deferred Revenue, Additions		7
Deferred Revenue, Revenue Recognized		$ (8)
Minimum | Realogy Brokerage Group
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
New Development Period		18 months
Maximum | Realogy Brokerage Group
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
New Development Period		24 months
International Franchise Rights | Realogy Franchise Group
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Finite-Lived Intangible Asset, Useful Life		25 years
Area Development Fees | Realogy Franchise Group
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred Revenue	[1]	$ 43	48
Deferred Revenue, Additions	[1]	0
Deferred Revenue, Revenue Recognized	[1]	(5)
Brand Marketing Fees | Realogy Franchise Group
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred Revenue	[2]	8	13
Deferred Revenue, Additions	[2]	45
Deferred Revenue, Revenue Recognized	[2]	(50)
Deferred Income, Other | Realogy Franchise Group
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred Revenue		9	11
Deferred Revenue, Additions		19
Deferred Revenue, Revenue Recognized		(21)
Deferred Income, Other | Realogy Brokerage Group
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred Revenue		3	4
Deferred Revenue, Additions		1
Deferred Revenue, Revenue Recognized		(2)
New Development Business | Realogy Brokerage Group
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred Revenue	[3]	9	$ 9
Deferred Revenue, Additions	[3]	6
Deferred Revenue, Revenue Recognized	[3]	$ (6)
[1]	The Company collects initial area development fees ("ADF") for international territory transactions, which are recorded as deferred revenue when received and recognized into franchise revenue over the average 25 year life of the related franchise agreement as consideration for the right to access and benefit from Realogy’s brands. In the event an ADF agreement is terminated prior to the end of its term, the unamortized deferred revenue balance will be recognized into revenue immediately upon termination.
[2]	Revenues recognized include intercompany marketing fees paid by Realogy Brokerage Group.
[3]	New development closings generally have a development period of between 18 and 24 months from contracted date to closing.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Lessee Disclosure - Supplemental Cash Flow Information [Abstract]
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 9	$ 12

Discontinued Operations and D_3

Discontinued Operations and Disposal Groups (Details) £ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020GBP (£)	May 31, 2020USD ($)	Dec. 31, 2019USD ($)
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Net revenues		$ 52,000,000	$ 79,000,000	$ 152,000,000	$ 210,000,000
Total expenses		57,000,000	69,000,000	176,000,000	216,000,000
(Loss) income from discontinued operations		(5,000,000)	10,000,000	(24,000,000)	(6,000,000)
Estimated loss on the sale of discontinued operations (a)	[1]	(59,000,000)	0	(133,000,000)	0
Income tax (benefit) expense from discontinued operations		(18,000,000)	2,000,000	(43,000,000)	(1,000,000)
Net (loss) income from discontinued operations	[2]	(46,000,000)	8,000,000	(114,000,000)	(5,000,000)
ASSETS
Cash and cash equivalents		13,000,000		13,000,000				$ 28,000,000
Restricted cash		4,000,000		4,000,000				3,000,000
Trade receivables		40,000,000		40,000,000				46,000,000
Relocation receivables		200,000,000		200,000,000				203,000,000
Other current assets		10,000,000		10,000,000				12,000,000
Property and equipment, net		42,000,000		42,000,000				36,000,000
Operating lease assets, net		21,000,000		21,000,000				36,000,000
Goodwill		176,000,000		176,000,000				176,000,000
Trademarks		76,000,000		76,000,000				76,000,000
Other intangibles, net		156,000,000		156,000,000				156,000,000
Allowance for reduction of assets held for sale (a)	[3]	(155,000,000)		(155,000,000)				(22,000,000)
Total assets classified as held for sale		583,000,000		583,000,000				750,000,000
Liabilities [Abstract]
Accounts payable		45,000,000		45,000,000				53,000,000
Securitization obligations		143,000,000		143,000,000				206,000,000
Current portion of operating lease liabilities		6,000,000		6,000,000				6,000,000
Accrued expenses and other current liabilities		78,000,000		78,000,000				62,000,000
Long-term operating lease liabilities		25,000,000		25,000,000				29,000,000
Total liabilities classified as held for sale		297,000,000		297,000,000				356,000,000
Securitization obligation | Cartus Relocation Services
Disposal Group, Including Discontinued Operation, Additional Disclosures [Abstract]
Other Secured Financings		143,000,000		143,000,000				206,000,000
Relocation receivables and other related relocation assets that collateralize securitization obligations		193,000,000		193,000,000				200,000,000
Interest Expense, Debt		$ 1,000,000	$ 2,000,000	$ 4,000,000	$ 6,000,000
Weighted average interest rate, securitization obligations		3.60%	4.30%	3.60%	4.30%	3.60%
Apple Ridge Funding LLC | Securitization obligation | Cartus Relocation Services
Disposal Group, Including Discontinued Operation, Additional Disclosures [Abstract]
Other Secured Financings		$ 137,000,000		$ 137,000,000				195,000,000
Total capacity, securitization obligations		200,000,000		200,000,000			$ 250,000,000
Debt Instrument, Unused Borrowing Capacity, Amount		63,000,000		63,000,000
Cartus Financing Limited | Securitization obligation | Cartus Relocation Services
Disposal Group, Including Discontinued Operation, Additional Disclosures [Abstract]
Other Secured Financings		6,000,000		6,000,000				$ 11,000,000
Debt Instrument, Unused Borrowing Capacity, Amount		$ 13,000,000		$ 13,000,000
Cartus Financing Limited | Securitization obligation | Working Capital Facility | Cartus Relocation Services
Disposal Group, Including Discontinued Operation, Additional Disclosures [Abstract]
Total capacity, securitization obligations | £						£ 5
Cartus Financing Limited | Securitization obligation | Revolving Credit Facility | Cartus Relocation Services
Disposal Group, Including Discontinued Operation, Additional Disclosures [Abstract]
Total capacity, securitization obligations | £						£ 10
[1]	Adjustment to record assets and liabilities held for sale at the lower of carrying value or fair value less any costs to sell based on a market price that is reasonable in relation to fair value.
[2]	Includes estimated loss on the sale of discontinued operations, net of tax of $43 million and $97 million for the three and nine months ended September 30, 2020, respectively.
[3]	Adjustment to record assets and liabilities held for sale at the lower of carrying value or fair value less any costs to sell based on a market price that is reasonable in relation to fair value.

Impairment of Goodwill and Othe

Impairment of Goodwill and Other Indefinite-lived Intangible Assets (Details) - USD ($)	3 Months Ended				9 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Dec. 31, 2008	Dec. 31, 2007	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment loss	$ (413,000,000)	$ (237)	$ (1,153)	$ (489)	$ (413,000,000)
Realogy Franchise Group
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment loss					0
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	700.00%
Realogy Franchise Group | Measurement Input, Discount Rate
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment Assessment Assumption	10.00%						8.50%
Realogy Franchise Group | Measurement Input, Long-term Revenue Growth Rate
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment Assessment Assumption	2.50%						2.50%
Realogy Franchise Group | Measurement Input, Hypothetical Discount Rate Increase
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment Assessment Assumption	10000.00%
Realogy Franchise Group | Indefinite life—Trademarks (b) (c)
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 30,000,000
Realogy Brokerage Group
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment loss		(237,000,000)			(413,000,000)	$ (237,000,000)
Income tax benefit associated with Goodwill Impairment Charge	99,000,000	57,000,000				57,000,000
Net Decrease in Carrying Value	$ (314,000,000)	$ 180,000,000				$ 180,000,000
Realogy Brokerage Group | Measurement Input, Discount Rate
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment Assessment Assumption	11.00%						9.00%
Realogy Brokerage Group | Measurement Input, Long-term Revenue Growth Rate
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment Assessment Assumption	2.00%						2.00%
Realogy Title Group
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment loss					$ 0
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	500.00%
Realogy Title Group | Measurement Input, Discount Rate
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment Assessment Assumption	11.00%						9.50%
Realogy Title Group | Measurement Input, Long-term Revenue Growth Rate
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment Assessment Assumption	2.50%						2.50%
Realogy Title Group | Measurement Input, Hypothetical Discount Rate Increase
Impairment of Goodwill and Other Indefinite-lived Intangible Assets [Line Items]
Impairment Assessment Assumption	10000.00%

Goodwill (Details)

Goodwill (Details) - USD ($)		3 Months Ended				9 Months Ended
		Mar. 31, 2020	Sep. 30, 2019	Dec. 31, 2008	Dec. 31, 2007	Sep. 30, 2020	Sep. 30, 2019
Goodwill [Roll Forward]
Balance at December 31, 2019		$ 3,300,000,000				$ 3,300,000,000
Goodwill acquired						0
Impairment loss		(413,000,000)	$ (237)	$ (1,153)	$ (489)	(413,000,000)
Balance at September 30, 2020						2,887,000,000
Accumulated Impairment Losses	[1]					2,292,000,000
Impairment Loss		413,000,000	237	$ 1,153	$ 489	413,000,000
Realogy Franchise Group
Goodwill [Roll Forward]
Balance at December 31, 2019		2,476,000,000				2,476,000,000
Goodwill acquired						0
Impairment loss						0
Balance at September 30, 2020						2,476,000,000
Accumulated Impairment Losses	[1]					1,160,000,000
Impairment Loss						0
Realogy Brokerage Group
Goodwill [Roll Forward]
Balance at December 31, 2019		669,000,000				669,000,000
Goodwill acquired						0
Impairment loss			(237,000,000)			(413,000,000)	$ (237,000,000)
Balance at September 30, 2020						256,000,000
Accumulated Impairment Losses	[1]					808,000,000
Impairment Loss			$ 237,000,000			413,000,000	$ 237,000,000
Realogy Title Group
Goodwill [Roll Forward]
Balance at December 31, 2019		$ 155,000,000				155,000,000
Goodwill acquired						0
Impairment loss						0
Balance at September 30, 2020						155,000,000
Accumulated Impairment Losses	[1]					324,000,000
Impairment Loss						$ 0
[1]	Includes impairment charges which reduced goodwill by $413 million, $237 million, $1,153 million and $489 million during the first quarter of 2020, third quarter of 2019, fourth quarter of 2008 and fourth quarter of 2007, respectively.

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions		3 Months Ended	9 Months Ended
		Mar. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Carrying amount of total other intangibles			$ 159	$ 162
Accumulated Amortization			90	90
Net carrying amount of finite-lived and indefinite-lived intangible assets			69	72
Indefinite life—Trademarks (b) (c)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount of indefinite-lived intangible assets	[1],[2]		643	673
Indefinite life—Title plant shares (f)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount of indefinite-lived intangible assets	[3]		20	19
Amortizable—Franchise agreements (a)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount of finite-lived intangible assets	[4]		2,019	2,019
Accumulated Amortization	[4]		910	859
Net carrying amount of finite-lived intangible assets	[4]		1,109	1,160
Amortizable—License agreements (d)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount of finite-lived intangible assets	[5]		45	45
Accumulated Amortization	[5]		13	12
Net carrying amount of finite-lived intangible assets	[5]		$ 32	33
Amortization period			50 years
Amortizable—Customer relationships (e)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount of finite-lived intangible assets	[6]		$ 71	71
Accumulated Amortization	[6]		58	57
Net carrying amount of finite-lived intangible assets	[6]		13	14
Amortizable—Other (g)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount of finite-lived intangible assets	[7]		23	27
Accumulated Amortization	[7]		19	21
Net carrying amount of finite-lived intangible assets	[7]		$ 4	$ 6
Realogy Franchise Group | Indefinite life—Trademarks (b) (c)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		$ 30
Realogy Franchise Group | Amortizable—Franchise agreements (a)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period			30 years
Minimum | Amortizable—Customer relationships (e)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period			2 years
Minimum | Amortizable—Other (g)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period			5 years
Maximum | Amortizable—Customer relationships (e)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period			12 years
Maximum | Amortizable—Other (g)
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period			10 years
[1]	Primarily related to real estate franchise brands which are expected to generate future cash flows for an indefinite period of time.
[2]	Realogy Franchise Group trademarks was impaired by $30 million during the first quarter of 2020.
[3]	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.
[4]	Generally amortized over a period of 30 years.
[5]	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).
[6]	Relates to the customer relationships at Realogy Title Group and Realogy Brokerage Group. These relationships are being amortized over a period of 2 to 12 years.
[7]	Consists of covenants not to compete which are amortized over their contract lives and other intangibles which are generally amortized over periods ranging from 5 to 10 years.

Intangible Assets - Amortizatio

Intangible Assets - Amortization Expense (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)Years	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)Years	Sep. 30, 2019USD ($)
Finite-Lived Intangible Assets [Line Items]
Intangible asset amortization expense	$ 19	$ 20	$ 56	$ 58
The number of succeeding years for which amortization expense is disclosed | Years	4		4
Amortization expense for the remainder of the Year	$ 18		$ 18
Amortization expense for Year One	72		72
Amortization expense for Year Two	70		70
Amortization expense for Year Three	70		70
Amortization expense for Year Four	70		70
Amortization expense Thereafter	858		858
Amortizable—Franchise agreements (a)
Finite-Lived Intangible Assets [Line Items]
Intangible asset amortization expense	17	17	51	51
Amortizable—License agreements (d)
Finite-Lived Intangible Assets [Line Items]
Intangible asset amortization expense	1	1	1	1
Amortizable—Customer relationships (e)
Finite-Lived Intangible Assets [Line Items]
Intangible asset amortization expense	0	0	1	2
Amortizable—Other (g)
Finite-Lived Intangible Assets [Line Items]
Intangible asset amortization expense	$ 1	$ 2	$ 3	$ 4

Accrued Expenses And Other Cu_3

Accrued Expenses And Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Accrued payroll and related employee costs	$ 146	$ 103
Accrued volume incentives	35	35
Accrued commissions	52	32
Restructuring accruals	12	11
Deferred income	37	43
Accrued interest	46	18
Current portion of finance lease liabilities	13	13
Due to former parent	19	18
Other	79	77
Total accrued expenses and other current liabilities	$ 439	$ 350

Short And Long-Term Debt Schedu

Short And Long-Term Debt Schedule of Total Indebtedness (Details) - USD ($) $ in Millions	Sep. 30, 2020		Dec. 31, 2019
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Outstanding borrowings, long-term debt	$ 3,357
Total Short-Term & Long-Term Debt	3,357		$ 3,445
Secured Debt | Term Loan B
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Outstanding borrowings, long-term debt	1,039	[1]	1,045
Secured Debt | Term Loan A
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Outstanding borrowings, long-term debt	690	[2]	714
Secured Debt | 7.625% Senior Secured Second Lien Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Outstanding borrowings, long-term debt	540		0
Senior Notes | 5.25% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Outstanding borrowings, long-term debt	0		548
Senior Notes | 4.875% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Outstanding borrowings, long-term debt	405		405
Senior Notes | 9.375% Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Outstanding borrowings, long-term debt	543		543
Line of Credit | Revolving Credit Facility
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Line of credit facility outstanding	$ 140	[3],[4]	$ 190
[1]	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 2.25% (with a LIBOR floor of 0.75%) or (b) ABR plus 1.25% (with an ABR floor of 1.75%).
[2]	The Term Loan A provides for quarterly amortization payments, based on a percentage of the original principal amount of the Term Loan A, as follows: 0.625% per quarter from June 30, 2018 to March 31, 2020; 1.25% per quarter from June 30, 2020 to March 31, 2021; 1.875% per quarter from June 30, 2021 to March 31, 2022; and 2.50% per quarter for periods ending on or after June 30, 2022, with the balance of the Term Loan A due at maturity on February 8, 2023. The interest rates with respect to 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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020.
[3]	As of September 30, 2020, the $1,425 million Revolving Credit Facility had outstanding borrowings of $140 million, as well as $40 million of outstanding undrawn letters of credit. The Revolving Credit Facility expires in February 2023 but is classified on the balance sheet as current due to the revolving nature and terms and conditions of the facility. On November 3, 2020, the Company had no outstanding borrowings under the Revolving Credit Facility and $40 million of outstanding undrawn letters of credit.
[4]	Interest rates with respect to revolving loans under the Senior Secured Credit Facility at September 30, 2020 were based on, at the Company's option, (a) adjusted London Interbank Offering Rate ("LIBOR") plus an additional margin or (b) JP Morgan Chase Bank, N.A.'s prime rate ("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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020.

Short And Long-Term Debt Indebt

Short And Long-Term Debt Indebtedness Table (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2020		Nov. 03, 2020	Dec. 31, 2019	Feb. 28, 2018
Principal Amount
Long-term debt principal amount		$ 3,391
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net		34
Net Amount
Outstanding borrowings, long-term debt		$ 3,357
LIBOR
Net Amount
Description of variable interest rate basis		LIBOR
ABR
Net Amount
Description of variable interest rate basis		ABR
Term Loan B | LIBOR
Net Amount
Debt Instrument, Basis Spread on Variable Rate		2.25%
Debt Instrument, Basis Spread on Variable Rate, Floor		0.75%
Term Loan B | ABR
Net Amount
Debt Instrument, Basis Spread on Variable Rate		1.25%
Debt Instrument, Basis Spread on Variable Rate, Floor		1.75%
Secured Debt | Term Loan B
Principal Amount
Long-term debt principal amount		$ 1,050	[1]		$ 1,058	$ 1,080
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	[1]	11
Net Amount
Outstanding borrowings, long-term debt		$ 1,039	[1]		1,045
Annual percentage of original principal amount for quarterly amortization payments		1.00%
Secured Debt | Term Loan A
Principal Amount
Long-term debt principal amount		$ 694	[2]		717	$ 750
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	[2]	4
Net Amount
Outstanding borrowings, long-term debt		690	[2]		714
Secured Debt | 7.625% Senior Secured Second Lien Notes
Principal Amount
Long-term debt principal amount		550			0
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net		10
Net Amount
Outstanding borrowings, long-term debt		$ 540			0
Interest Rate		7.625%
Secured Debt | June 2018 to March 2020 | Term Loan A
Net Amount
Quarterly percentage of original principal amount for quarterly amortization payments		0.625%
Secured Debt | June 2020 to March 2021 | Term Loan A
Net Amount
Quarterly percentage of original principal amount for quarterly amortization payments		1.25%
Secured Debt | June 2021 to March 2022 | Term Loan A
Net Amount
Quarterly percentage of original principal amount for quarterly amortization payments		1.875%
Secured Debt | June 2022 to February 2023 | Term Loan A
Net Amount
Quarterly percentage of original principal amount for quarterly amortization payments		2.50%
Secured Debt | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 | Term Loan A | LIBOR
Net Amount
Debt Instrument, Basis Spread on Variable Rate		2.25%
Secured Debt | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 | Term Loan A | ABR
Net Amount
Debt Instrument, Basis Spread on Variable Rate		1.25%
Senior Notes | 4.875% Senior Notes
Principal Amount
Long-term debt principal amount		$ 407			407
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net		2
Net Amount
Outstanding borrowings, long-term debt		$ 405			405
Interest Rate		4.875%
Senior Notes | 9.375% Senior Notes
Principal Amount
Long-term debt principal amount		$ 550			550
Unamortized Discount and Debt Issuance Costs
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net		7
Net Amount
Outstanding borrowings, long-term debt		$ 543			543
Interest Rate		9.375%
Line of Credit | Revolving Credit Facility
Principal Amount
Line of credit facility outstanding		$ 140	[3],[4]		190
Net Amount
Outstanding borrowings, short-term debt, line of credit facility		140	[3],[4]		190
Line of credit facility outstanding		140	[3],[4]		$ 190
Total capacity, short-term debt, line of credit facility	[4]	$ 1,425
Line of Credit | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 | Revolving Credit Facility | LIBOR
Net Amount
Debt Instrument, Basis Spread on Variable Rate		2.25%
Line of Credit | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 | Revolving Credit Facility | ABR
Net Amount
Debt Instrument, Basis Spread on Variable Rate		1.25%
Letter of Credit | Revolving Credit Facility
Principal Amount
Line of credit facility outstanding		$ 40
Net Amount
Outstanding borrowings, short-term debt, line of credit facility		40
Line of credit facility outstanding		$ 40
Subsequent Event | Line of Credit | Revolving Credit Facility
Principal Amount
Line of credit facility outstanding	[4]			$ 0
Net Amount
Outstanding borrowings, short-term debt, line of credit facility	[4]			0
Line of credit facility outstanding	[4]			0
Subsequent Event | Letter of Credit | Revolving Credit Facility
Principal Amount
Line of credit facility outstanding				40
Net Amount
Outstanding borrowings, short-term debt, line of credit facility				40
Line of credit facility outstanding				$ 40
[1]	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 2.25% (with a LIBOR floor of 0.75%) or (b) ABR plus 1.25% (with an ABR floor of 1.75%).
[2]	The Term Loan A provides for quarterly amortization payments, based on a percentage of the original principal amount of the Term Loan A, as follows: 0.625% per quarter from June 30, 2018 to March 31, 2020; 1.25% per quarter from June 30, 2020 to March 31, 2021; 1.875% per quarter from June 30, 2021 to March 31, 2022; and 2.50% per quarter for periods ending on or after June 30, 2022, with the balance of the Term Loan A due at maturity on February 8, 2023. The interest rates with respect to 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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020.
[3]	As of September 30, 2020, the $1,425 million Revolving Credit Facility had outstanding borrowings of $140 million, as well as $40 million of outstanding undrawn letters of credit. The Revolving Credit Facility expires in February 2023 but is classified on the balance sheet as current due to the revolving nature and terms and conditions of the facility. On November 3, 2020, the Company had no outstanding borrowings under the Revolving Credit Facility and $40 million of outstanding undrawn letters of credit.
[4]	Interest rates with respect to revolving loans under the Senior Secured Credit Facility at September 30, 2020 were based on, at the Company's option, (a) adjusted London Interbank Offering Rate ("LIBOR") plus an additional margin or (b) JP Morgan Chase Bank, N.A.'s prime rate ("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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020.

Short And Long-Term Debt Maturi

Short And Long-Term Debt Maturities Table (Details) - USD ($) $ in Millions		3 Months Ended	9 Months Ended		12 Months Ended
		Dec. 31, 2020	Sep. 30, 2020		Sep. 30, 2021	Dec. 31, 2019
Maturities of Long-term Debt
Remaining 2020 (a)	[1]		$ 152
2021			62
2022			81
2023			982
2024			$ 11
Long-term Debt Maturities, Years Presented			4 years
Current portion of long-term debt			$ 198			$ 234
Line of Credit | Revolving Credit Facility
Maturities of Long-term Debt
Letter of Credit			$ 140	[2],[3]		$ 190
Scenario, Forecast | Secured Debt | Term Loan A
Maturities of Long-term Debt
Debt Instrument, Periodic Payment, Principal		$ 9			$ 47
Scenario, Forecast | Secured Debt | Term Loan B
Maturities of Long-term Debt
Debt Instrument, Periodic Payment, Principal		$ 3			$ 11
[1]	Remaining 2020 includes amortization payments totaling $9 million and $3 million for the Term Loan A and Term Loan B facilities, respectively, as well as $140 million of revolver borrowings under the Revolving Credit Facility which expires in February 2023 but is classified on the balance sheet as current due to the revolving nature and terms and conditions of the facility. The current portion of long-term debt of $198 million shown on the Condensed Consolidated Balance Sheets consists of four quarters of amortization payments totaling $47 million and $11 million for the Term Loan A and Term Loan B facilities, respectively, and $140 million of revolver borrowings under the Revolving Credit Facility.
[2]	As of September 30, 2020, the $1,425 million Revolving Credit Facility had outstanding borrowings of $140 million, as well as $40 million of outstanding undrawn letters of credit. The Revolving Credit Facility expires in February 2023 but is classified on the balance sheet as current due to the revolving nature and terms and conditions of the facility. On November 3, 2020, the Company had no outstanding borrowings under the Revolving Credit Facility and $40 million of outstanding undrawn letters of credit.
[3]	Interest rates with respect to revolving loans under the Senior Secured Credit Facility at September 30, 2020 were based on, at the Company's option, (a) adjusted London Interbank Offering Rate ("LIBOR") plus an additional margin or (b) JP Morgan Chase Bank, N.A.'s prime rate ("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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020.

Short And Long-Term Debt Senior

Short And Long-Term Debt Senior Secured Credit Facility (Details) $ in Millions		9 Months Ended
		Sep. 30, 2020USD ($)		Jul. 24, 2020	Jun. 30, 2020	Dec. 31, 2019USD ($)	Feb. 28, 2018USD ($)
Debt Instrument [Line Items]
Long-term debt principal amount		$ 3,391
Letter of Credit, borrowing capacity		$ 125
Senior secured leverage ratio		2.29
Ratio of Indebtedness to Net Capital Denominator		1
Required Covenant Ratio from October 2021 to June 2022
Debt Instrument [Line Items]
Quarterly Decrease of Ratio of Indebtedness to Net Capital				0.25
Maximum | Required Covenant Ratio from July 2020 to June 2021
Debt Instrument [Line Items]
Senior secured leverage ratio				6.50
Ratio of Indebtedness to Net Capital Denominator				1
Maximum | Required Covenant Ratio from July 2021 to September 2021
Debt Instrument [Line Items]
Senior secured leverage ratio				5.50
Ratio of Indebtedness to Net Capital Denominator				1
Maximum | Required Covenant Ratio from April 2022
Debt Instrument [Line Items]
Senior secured leverage ratio				4.75
Ratio of Indebtedness to Net Capital Denominator				1
Maximum | Suggested Covenant Ratio compliance for additional covenants under Amendments from July 24 2020 to June 30, 2021
Debt Instrument [Line Items]
Senior secured leverage ratio				5.50
Ratio of Indebtedness to Net Capital Denominator				1
Maximum | Required Covenant Ratio for election by Company to end the amended covenant period
Debt Instrument [Line Items]
Senior secured leverage ratio				4.75
Ratio of Indebtedness to Net Capital Denominator				1
Maximum | Required Covenant Ratio
Debt Instrument [Line Items]
Senior secured leverage ratio		6.50			4.75
Ratio of Indebtedness to Net Capital Denominator		1			1
LIBOR
Debt Instrument [Line Items]
Description of variable interest rate basis		LIBOR
ABR
Debt Instrument [Line Items]
Description of variable interest rate basis		ABR
Term Loan B | LIBOR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.25%
Debt Instrument, Basis Spread on Variable Rate, Floor		0.75%
Term Loan B | ABR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.25%
Debt Instrument, Basis Spread on Variable Rate, Floor		1.75%
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Line of credit facility borrowing capacity	[1]	$ 1,425
Revolving Credit Facility | Line of Credit | LIBOR | Greater than 3.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.50%
Revolving Credit Facility | Line of Credit | LIBOR | 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%
Revolving Credit Facility | Line of Credit | LIBOR | 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%
Revolving Credit Facility | Line of Credit | LIBOR | Less than 2.00 to 1.00
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.75%
Revolving Credit Facility | Line of Credit | ABR | Greater than 3.50 to 1.00
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.50%
Revolving Credit Facility | Line of Credit | ABR | 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%
Revolving Credit Facility | Line of Credit | ABR | 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%
Revolving Credit Facility | Line of Credit | ABR | Less than 2.00 to 1.00
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.75%
Secured Debt | Term Loan B
Debt Instrument [Line Items]
Long-term debt principal amount		$ 1,050	[2]			$ 1,058	$ 1,080
Annual percentage of original principal amount for quarterly amortization payments		1.00%
[1]	Interest rates with respect to revolving loans under the Senior Secured Credit Facility at September 30, 2020 were based on, at the Company's option, (a) adjusted London Interbank Offering Rate ("LIBOR") plus an additional margin or (b) JP Morgan Chase Bank, N.A.'s prime rate ("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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020.
[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 2.25% (with a LIBOR floor of 0.75%) or (b) ABR plus 1.25% (with an ABR floor of 1.75%).

Short And Long-Term Debt Term L

Short And Long-Term Debt Term Loan A Facility (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020		Dec. 31, 2019	Feb. 28, 2018
Debt Instrument [Line Items]
Long-term debt principal amount	$ 3,391
Term Loan A | Secured Debt
Debt Instrument [Line Items]
Long-term debt principal amount	$ 694	[1]	$ 717	$ 750
Term Loan A | Secured Debt | Greater than 3.50 to 1.00 | LIBOR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Term Loan A | Secured Debt | Greater than 3.50 to 1.00 | ABR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Term Loan A | Secured Debt | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 | LIBOR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Term Loan A | Secured Debt | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 | ABR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Term Loan A | Secured Debt | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00 | LIBOR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Term Loan A | Secured Debt | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00 | ABR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Term Loan A | Secured Debt | Less than 2.00 to 1.00 | LIBOR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Term Loan A | Secured Debt | Less than 2.00 to 1.00 | ABR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%
Term Loan A | Secured Debt | June 2018 to March 2020
Debt Instrument [Line Items]
Quarterly percentage of original principal amount for quarterly amortization payments	0.625%
Term Loan A | Secured Debt | June 2020 to March 2021
Debt Instrument [Line Items]
Quarterly percentage of original principal amount for quarterly amortization payments	1.25%
Term Loan A | Secured Debt | June 2021 to March 2022
Debt Instrument [Line Items]
Quarterly percentage of original principal amount for quarterly amortization payments	1.875%
Term Loan A | Secured Debt | June 2022 to February 2023
Debt Instrument [Line Items]
Quarterly percentage of original principal amount for quarterly amortization payments	2.50%
[1]	The Term Loan A provides for quarterly amortization payments, based on a percentage of the original principal amount of the Term Loan A, as follows: 0.625% per quarter from June 30, 2018 to March 31, 2020; 1.25% per quarter from June 30, 2020 to March 31, 2021; 1.875% per quarter from June 30, 2021 to March 31, 2022; and 2.50% per quarter for periods ending on or after June 30, 2022, with the balance of the Term Loan A due at maturity on February 8, 2023. The interest rates with respect to 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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020.

Short And Long-Term Debt Seni_2

Short And Long-Term Debt Senior Secured Second Lien Notes (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 3,391
7.625% Senior Secured Second Lien Notes | Secured Debt
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 550	$ 0
Interest Rate	7.625%
9.375% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 550	$ 550
Interest Rate	9.375%

Short And Long-Term Debt Unsecu

Short And Long-Term Debt Unsecured Notes (Details)	1 Months Ended	9 Months Ended
	Jun. 30, 2020USD ($)	Sep. 30, 2020USD ($)Rate	Sep. 30, 2019USD ($)	Jan. 01, 2019USD ($)
Debt Instrument [Line Items]
Proceeds from issuance of Senior Secured Second Lien Notes		$ 550,000,000	$ 0
Amount that the cumulative credit basket for restricted payments was reset to on January 1, 2019				$ 0
Cumulative Credit Basket increase as a % of Consolidated Net Income when the consolidated leverage ratio is equal to or greater than 4.0 to 1.0 | Rate		25.00%
Consolidated Leverage Ratio - Consolidated Net Income Build - Numerator		4
Consolidated Leverage Ratio - Consolidated Net Income Build - Denominator		1
Cumulative Credit Basket increase as a % of Consolidated Net Income when the consolidated leverage ratio is less than 4.0 to 1.0 | Rate		50.00%
Percent of the deficit by which the cumulative credit basket is reduced when consolidated net income is in a deficit position | Rate		1
General restricted payment basket may be used only for restricted investments (as defined in the indenture to the 9.375% notes)		$ 100,000,000
Consolidated Leverage Ratio - Unlimited General Restricted Payment Basket - Numerator		3
Consolidated Leverage Ratio - Unlimited Restricted Payment Basket - Denominator		1
Max amount of shares repurchased and dividends declared per year under the 9.375 Credit Agreement		$ 45,000,000
Net Debt Seasonality Adjustment		$ 200,000,000
Secured Debt | 7.625% Senior Secured Second Lien Notes
Debt Instrument [Line Items]
Proceeds from issuance of Senior Secured Second Lien Notes	$ 550
Interest Rate		7.625%
Senior Notes | 5.25% Senior Notes
Debt Instrument [Line Items]
Interest Rate		5.25%
Senior Notes | 4.875% Senior Notes
Debt Instrument [Line Items]
Interest Rate		4.875%
Senior Notes | 9.375% Senior Notes
Debt Instrument [Line Items]
Interest Rate		9.375%

Short And Long-Term Debt Loss o

Short And Long-Term Debt Loss on the Early Extinguishment of Debt (Details) - USD ($)	3 Months Ended					9 Months Ended
	Sep. 30, 2020		Sep. 30, 2019		Mar. 31, 2019	Sep. 30, 2020		Sep. 30, 2019		Dec. 31, 2019
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt	$ 0	[1]	$ 10,000,000	[1]	$ (5,000,000)	$ (8,000,000)	[1]	$ 5,000,000	[1]
Long-term Debt, Gross	3,391,000,000					3,391,000,000
Repayments of Unsecured Debt						(550,000,000)		(533,000,000)
Debt Instrument, Repurchase Amount			$ 93,000,000					$ 93,000,000
7.625% Senior Secured Second Lien Notes | Secured Debt
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 550,000,000					$ 550,000,000				$ 0
Interest Rate	7.625%					7.625%
5.25% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0					$ 0				$ 550,000,000
Interest Rate	5.25%					5.25%
[1]	Former parent legacy items and (Gain) loss on the early extinguishment of debt are recorded in Corporate and Other.

Restructuring Costs Restructu_3

Restructuring Costs Restructuring Costs (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020		Sep. 30, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	[1],[2]	$ 13	$ 11	$ 38		$ 29
Operational Efficiencies Program
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net			10	36	[3]	25
Leadership Realignment
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net				2
Prior restructuring programs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net			1			4
Personnel Related
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	[4]	3	4	10		17
Personnel Related | Operational Efficiencies Program
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	[3]			10
Facility Related
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	[5]	10	6	28		11
Facility Related | Operational Efficiencies Program
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	[3]			26
Other Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	[6]	$ 0	$ 1	$ 0		$ 1
[1]	Restructuring charges for the three months ended September 30, 2020 relate to the Facility and Operational Efficiencies Program. Restructuring charges for the nine months ended September 30, 2020 include $36 million related to the Facility and Operational Efficiencies Program and $2 million related to the Leadership Realignment and Other Restructuring Activities Program. Restructuring charges for the three and nine months ended September 30, 2019 include $10 million and $25 million, respectively, related to the Facility and Operational Efficiencies Program and $1 million and $4 million, respectively, related to prior restructuring programs.
[2]	The three months ended September 30, 2020 includes restructuring charges of $11 million at Realogy Brokerage Group and $2 million at Corporate and Other. The three months ended September 30, 2019 includes restructuring charges of $2 million at Realogy Franchise Group, $8 million at Realogy Brokerage Group and $1 million at Corporate and Other. The nine months ended September 30, 2020 includes restructuring charges of $1 million at Realogy Franchise Group, $32 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $2 million at Corporate and Other. The nine months ended September 30, 2019 includes restructuring charges of $3 million at Realogy Franchise Group, $18 million at Realogy Brokerage Group, $2 million at Realogy Title Group and $6 million at Corporate and Other.
[3]	In addition, the Company incurred an additional $17 million of facility-related costs for lease asset impairments in connection with the Facility and Operational Efficiencies Program during the nine months ended September 30, 2020.
[4]	Personnel-related costs consist of severance costs provided to employees who have been terminated and duplicate payroll costs during transition.
[5]	Facility-related costs consist of costs associated with planned facility closures such as contract termination costs, amortization of lease assets that will continue to be incurred under the contract for its remaining term without economic benefit to the Company, accelerated depreciation on asset disposals and other facility and employee relocation related costs.
[6]	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.

Restructuring Costs Facility an

Restructuring Costs Facility and Operational Efficiencies Program (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020		Sep. 30, 2019
Restructuring Reserve [Roll Forward]
Restructuring costs, net	[1],[2]	$ 13	$ 11	$ 38		$ 29
Other Asset Impairment Charges			3	17		6
Realogy Franchise Group
Restructuring Reserve [Roll Forward]
Restructuring costs, net			2	1		3
Realogy Brokerage Group
Restructuring Reserve [Roll Forward]
Restructuring costs, net		11	8	32		18
Realogy Title Group
Restructuring Reserve [Roll Forward]
Restructuring costs, net				3		2
Corporate and Other
Restructuring Reserve [Roll Forward]
Restructuring costs, net		2	1	2		6
Personnel Related
Restructuring Reserve [Roll Forward]
Restructuring costs, net	[3]	3	4	10		17
Facility Related
Restructuring Reserve [Roll Forward]
Restructuring costs, net	[4]	10	6	28		11
Other Restructuring
Restructuring Reserve [Roll Forward]
Restructuring costs, net	[5]	0	1	0		1
Operational Efficiencies Program
Restructuring Reserve [Roll Forward]
Balance at December 31, 2019				11
Restructuring costs, net			$ 10	36	[6]	$ 25
Costs paid or otherwise settled				(33)
Balance at September 30, 2020		14		14
Restructuring and Related Cost, Expected Cost [Abstract]
Restructuring and Related Cost, Expected Cost	[7]	108		108
Restructuring and Related Cost, Cost Incurred to Date		74		74
Restructuring and Related Cost, Expected Cost Remaining	[7]	34		34
Operational Efficiencies Program | Realogy Franchise Group
Restructuring and Related Cost, Expected Cost [Abstract]
Restructuring and Related Cost, Expected Cost		5		5
Restructuring and Related Cost, Cost Incurred to Date		5		5
Restructuring and Related Cost, Expected Cost Remaining		0		0
Operational Efficiencies Program | Realogy Brokerage Group
Restructuring and Related Cost, Expected Cost [Abstract]
Restructuring and Related Cost, Expected Cost		84		84
Restructuring and Related Cost, Cost Incurred to Date		55		55
Restructuring and Related Cost, Expected Cost Remaining		29		29
Operational Efficiencies Program | Realogy Title Group
Restructuring and Related Cost, Expected Cost [Abstract]
Restructuring and Related Cost, Expected Cost		5		5
Restructuring and Related Cost, Cost Incurred to Date		5		5
Restructuring and Related Cost, Expected Cost Remaining		0		0
Operational Efficiencies Program | Corporate and Other
Restructuring and Related Cost, Expected Cost [Abstract]
Restructuring and Related Cost, Expected Cost		14		14
Restructuring and Related Cost, Cost Incurred to Date		9		9
Restructuring and Related Cost, Expected Cost Remaining		5		5
Operational Efficiencies Program | Personnel Related
Restructuring Reserve [Roll Forward]
Balance at December 31, 2019				6
Restructuring costs, net	[6]			10
Costs paid or otherwise settled				(14)
Balance at September 30, 2020		2		2
Restructuring and Related Cost, Expected Cost [Abstract]
Restructuring and Related Cost, Expected Cost	[7]	34		34
Restructuring and Related Cost, Cost Incurred to Date		31		31
Restructuring and Related Cost, Expected Cost Remaining	[7]	3		3
Operational Efficiencies Program | Facility Related
Restructuring Reserve [Roll Forward]
Balance at December 31, 2019				5
Restructuring costs, net	[6]			26
Costs paid or otherwise settled				(19)
Balance at September 30, 2020		12		12
Restructuring and Related Cost, Expected Cost [Abstract]
Restructuring and Related Cost, Expected Cost	[7]	73		73
Restructuring and Related Cost, Cost Incurred to Date		42		42
Restructuring and Related Cost, Expected Cost Remaining	[7]	31		31
Operational Efficiencies Program | Other Restructuring
Restructuring and Related Cost, Expected Cost [Abstract]
Restructuring and Related Cost, Expected Cost	[7]	1		1
Restructuring and Related Cost, Cost Incurred to Date		1		1
Restructuring and Related Cost, Expected Cost Remaining	[7]	$ 0		$ 0
[1]	Restructuring charges for the three months ended September 30, 2020 relate to the Facility and Operational Efficiencies Program. Restructuring charges for the nine months ended September 30, 2020 include $36 million related to the Facility and Operational Efficiencies Program and $2 million related to the Leadership Realignment and Other Restructuring Activities Program. Restructuring charges for the three and nine months ended September 30, 2019 include $10 million and $25 million, respectively, related to the Facility and Operational Efficiencies Program and $1 million and $4 million, respectively, related to prior restructuring programs.
[2]	The three months ended September 30, 2020 includes restructuring charges of $11 million at Realogy Brokerage Group and $2 million at Corporate and Other. The three months ended September 30, 2019 includes restructuring charges of $2 million at Realogy Franchise Group, $8 million at Realogy Brokerage Group and $1 million at Corporate and Other. The nine months ended September 30, 2020 includes restructuring charges of $1 million at Realogy Franchise Group, $32 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $2 million at Corporate and Other. The nine months ended September 30, 2019 includes restructuring charges of $3 million at Realogy Franchise Group, $18 million at Realogy Brokerage Group, $2 million at Realogy Title Group and $6 million at Corporate and Other.
[3]	Personnel-related costs consist of severance costs provided to employees who have been terminated and duplicate payroll costs during transition.
[4]	Facility-related costs consist of costs associated with planned facility closures such as contract termination costs, amortization of lease assets that will continue to be incurred under the contract for its remaining term without economic benefit to the Company, accelerated depreciation on asset disposals and other facility and employee relocation related costs.
[5]	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.
[6]	In addition, the Company incurred an additional $17 million of facility-related costs for lease asset impairments in connection with the Facility and Operational Efficiencies Program during the nine months ended September 30, 2020.
[7]	Facility-related costs include potential lease asset impairments to be incurred under the Facility and Operational Efficiencies Program.

Restructuring Costs Leadership

Restructuring Costs Leadership Realignment (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring costs, net	[1],[2]	$ 13	$ 11	$ 38	$ 29
Leadership Realignment
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve		$ 3		3		$ 5
Restructuring costs, net				2
Costs paid or otherwise settled				$ (4)
[1]	Restructuring charges for the three months ended September 30, 2020 relate to the Facility and Operational Efficiencies Program. Restructuring charges for the nine months ended September 30, 2020 include $36 million related to the Facility and Operational Efficiencies Program and $2 million related to the Leadership Realignment and Other Restructuring Activities Program. Restructuring charges for the three and nine months ended September 30, 2019 include $10 million and $25 million, respectively, related to the Facility and Operational Efficiencies Program and $1 million and $4 million, respectively, related to prior restructuring programs.
[2]	The three months ended September 30, 2020 includes restructuring charges of $11 million at Realogy Brokerage Group and $2 million at Corporate and Other. The three months ended September 30, 2019 includes restructuring charges of $2 million at Realogy Franchise Group, $8 million at Realogy Brokerage Group and $1 million at Corporate and Other. The nine months ended September 30, 2020 includes restructuring charges of $1 million at Realogy Franchise Group, $32 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $2 million at Corporate and Other. The nine months ended September 30, 2019 includes restructuring charges of $3 million at Realogy Franchise Group, $18 million at Realogy Brokerage Group, $2 million at Realogy Title Group and $6 million at Corporate and Other.

Equity (Details)

Equity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Equity Table [Line Items]
Beginning Balance				114,355,519
Repurchase of common stock			(1,200,000)
Ending Balance	115,440,569			115,440,569
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ 1,625	$ 2,253	$ 2,315	$ 2,096	$ 2,315
Net income (loss)	99	(112)		(376)	(141)
Other comprehensive income (loss)	1	(1)		1	0
Repurchase of common stock			$ (20)		(20)
Stock-based compensation	9	$ 10		19	25
Issuance of shares for vesting of equity awards	0			0	0
Shares withheld for taxes on equity awards	0			(5)	$ (6)
Cash dividends declared per share		$ 0.09			$ 0.27
Dividends declared, APIC		$ (10)		0	$ (31)
Dividends declared	(1)	(10)		(2)	(33)
Ending Balance	$ 1,733	$ 2,140		$ 1,733	$ 2,140
Common Stock
Statement of Equity Table [Line Items]
Beginning Balance	115,400,000	114,300,000	114,600,000	114,400,000	114,600,000
Repurchase of common stock					(1,200,000)
Issuance of shares for vesting of equity awards	100,000			1,600,000	1,300,000
Shares withheld for taxes on equity awards	(100,000)			(600,000)	(400,000)
Ending Balance	115,400,000	114,300,000		115,400,000	114,300,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ 1	$ 1	$ 1	$ 1	$ 1
Repurchase of common stock					0
Issuance of shares for vesting of equity awards	0			0	0
Shares withheld for taxes on equity awards	0			0	0
Ending Balance	1	1		1	1
Additional Paid-In Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	4,847	4,837	4,869	4,842	4,869
Repurchase of common stock					(20)
Stock-based compensation	9	10		19	25
Shares withheld for taxes on equity awards	0			(5)	(6)
Ending Balance	4,856	4,837		4,856	4,837
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(3,171)	(2,537)	(2,507)	(2,695)	(2,507)
Net income (loss)	98	(113)		(378)	(143)
Ending Balance	(3,073)	(2,650)		(3,073)	(2,650)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(56)	(51)	(52)	(56)	(52)
Other comprehensive income (loss)	1	(1)		1
Ending Balance	(55)	(52)		(55)	(52)
Non- controlling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	4	3	$ 4	4	4
Net income (loss)	1	1		2	2
Dividends declared, Noncontrolling Interest	(1)	0		(2)	(2)
Ending Balance	$ 4	$ 4		$ 4	$ 4

Equity Stock-Based Compensation

Equity Stock-Based Compensation (Details)	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Restricted Stock Units (RSUs)
Non Options Granted in Period | shares	0.7
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 9.70
Performance Shares
Non Options Granted in Period | shares	0.9
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 9.23
Deferred Bonus
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount	$ 18
Cash settled PSU
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount	6
Cash settled RSU
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount	$ 3

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net income (loss) from continuing operations		$ 145	$ (120)	$ (262)	$ (136)
Net Income (Loss) Attributable to Noncontrolling Interest		(1)	(1)	(2)	(2)
Net income (loss) from continuing operations attributable to Realogy Holdings		144	(121)	(264)	(138)
Net (loss) income from discontinued operations		(46)	8	(114)	(5)
Net income (loss) attributable to Realogy Holdings and Realogy Group		$ 98	$ (113)	$ (378)	$ (143)
Earnings Per Share, Basic and Diluted [Abstract]
Weighted average common shares outstanding, Basic		115.4	114.3	115.2	114.2
Dilutive effect of stock-based compensation	[1],[2]	1.3	0	0	0
Weighted average common shares outstanding, Diluted		116.7	114.3	115.2	114.2
Basic earnings (loss) per share from continuing operations		$ 1.25	$ (1.06)	$ (2.29)	$ (1.21)
Basic (loss) earnings per share from discontinued operations		(0.40)	0.07	(0.99)	(0.04)
Basic earnings (loss) per share		0.85	(0.99)	(3.28)	(1.25)
Diluted earnings (loss) per share from continuing operations		1.23	(1.06)	(2.29)	(1.21)
Diluted (loss) earnings per share from discontinued operations		(0.39)	0.07	(0.99)	(0.04)
Diluted earnings (loss) per share		$ 0.84	$ (0.99)	$ (3.28)	$ (1.25)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		8.3
[1]	The Company had a net loss from continuing operations for the nine months ended September 30, 2020 and three and nine months ended September 30, 2019 and therefore the impact of incentive equity awards were excluded from the computation of dilutive loss per share as the inclusion of such amounts would be anti-dilutive
[2]	The three months ended September 30, 2020 exclude 8.3 million of common stock issuable for incentive equity awards, which includes performance share units based on the achievement of target amounts, that are anti-dilutive to the diluted earnings per share computation.

Commitments And Contingencies (

Commitments And Contingencies (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Jul. 31, 2006Independent_Companies
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]
Loss Contingencies [Line Items]
Cendant Spin-off Number of New Independent Companies | Independent_Companies			4
Number of New Independent Companies per Cendant Business Unit | Independent_Companies			1
Guaranty Arrangement Percentage of Obligations Assumed by Realogy	62.50%
Guaranty Arrangement Percentage of Obligations Assumed by Wyndham	37.50%
Due to former parent	$ 19,000	$ 18,000
Noninterest-bearing deposit liabilities	943,000	$ 475,000
Maximum
Loss Contingencies [Line Items]
Cash, FDIC insured amount	$ 250

Segment Information - Revenues

Segment Information - Revenues (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[1],[2]	$ 1,857	$ 1,550	$ 4,180	$ 4,268
Realogy Franchise Group
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[1],[2]	262	240	609	679
Realogy Franchise Group | Royalties and Marketing Fees
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		97	82	220	224
Realogy Franchise Group | Referral Fees
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues		3	6	8	14
Realogy Brokerage Group
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[1],[2]	1,479	1,222	3,281	3,369
Realogy Title Group
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[1],[2]	213	170	510	444
Corporate and Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	[1],[2],[3]	$ (97)	$ (82)	$ (220)	$ (224)
[1]	Revenues for Realogy Franchise Group include intercompany referral commissions related to Realogy Advantage Broker Network paid by Realogy Brokerage Group of $3 million and $8 million for the three and nine months ended September 30, 2020, respectively, and $6 million and $14 million for the three and nine months ended September 30, 2019, respectively. Such amounts are recorded as contra-revenues by Realogy Brokerage Group. There are no other material intersegment transactions.
[2]	Transactions between segments are eliminated in consolidation. Revenues for the Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $97 million and $220 million for the three and nine months ended September 30, 2020, respectively, and $82 million and $224 million for the three and nine months ended September 30, 2019, respectively. Such amounts are eliminated through the Corporate and Other line.
[3]	Includes the elimination of transactions between segments.

Segment Information - Operating

Segment Information - Operating EBITDA (Details) - USD ($)		3 Months Ended								9 Months Ended
		Sep. 30, 2020		Mar. 31, 2020	Sep. 30, 2019		Mar. 31, 2019	Dec. 31, 2008	Dec. 31, 2007	Sep. 30, 2020		Sep. 30, 2019
Segment Reporting Information [Line Items]
Operating EBITDA		$ 309,000,000			$ 206,000,000					$ 518,000,000		$ 443,000,000
Depreciation and amortization		43,000,000			42,000,000					134,000,000		126,000,000
Interest expense, net		48,000,000			66,000,000					208,000,000		209,000,000
Income tax expense (benefit) from continuing operations		54,000,000			(23,000,000)					(67,000,000)		(22,000,000)
Restructuring costs, net	[1],[2]	13,000,000			11,000,000					38,000,000		29,000,000
Impairments	[3]	6,000,000			240,000,000					460,000,000		243,000,000
Former parent legacy cost, net	[4]	1,000,000			1,000,000					1,000,000		1,000,000
(Gain) loss on the early extinguishment of debt		0	[4]		(10,000,000)	[4]	$ 5,000,000			8,000,000	[4]	(5,000,000)	[4]
Net income (loss) from continuing operations attributable to Realogy Holdings		144,000,000			(121,000,000)					(264,000,000)		(138,000,000)
Net (loss) income from discontinued operations	[5]	(46,000,000)			8,000,000					(114,000,000)		(5,000,000)
Net income (loss) attributable to Realogy Holdings and Realogy Group		98,000,000			(113,000,000)					(378,000,000)		(143,000,000)
Impairment loss				$ (413,000,000)	(237)			$ (1,153)	$ (489)	(413,000,000)
Other Asset Impairment Charges					3,000,000					17,000,000		6,000,000
Estimated loss on the sale of discontinued operations, net of tax		(43,000,000)			0					(97,000,000)		0
Realogy Franchise Group
Segment Reporting Information [Line Items]
Operating EBITDA		196,000,000			170,000,000					419,000,000		448,000,000
Restructuring costs, net					2,000,000					1,000,000		3,000,000
Impairment loss										0
Realogy Franchise Group | Indefinite life—Trademarks (b) (c)
Segment Reporting Information [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)				30,000,000
Realogy Brokerage Group
Segment Reporting Information [Line Items]
Operating EBITDA		61,000,000			31,000,000					25,000,000		16,000,000
Restructuring costs, net		11,000,000			8,000,000					32,000,000		18,000,000
Impairment loss					(237,000,000)					(413,000,000)		(237,000,000)
Net Decrease in Carrying Value				(314,000,000)	180,000,000							180,000,000
Income tax benefit associated with Goodwill Impairment Charge				$ 99,000,000	57,000,000							57,000,000
Realogy Title Group
Segment Reporting Information [Line Items]
Operating EBITDA		95,000,000			31,000,000					168,000,000		54,000,000
Restructuring costs, net										3,000,000		2,000,000
Impairment loss										0
Corporate and Other
Segment Reporting Information [Line Items]
Operating EBITDA	[6]	(43,000,000)			(26,000,000)					(94,000,000)		(75,000,000)
Restructuring costs, net		$ 2,000,000			$ 1,000,000					$ 2,000,000		$ 6,000,000
[1]	Restructuring charges for the three months ended September 30, 2020 relate to the Facility and Operational Efficiencies Program. Restructuring charges for the nine months ended September 30, 2020 include $36 million related to the Facility and Operational Efficiencies Program and $2 million related to the Leadership Realignment and Other Restructuring Activities Program. Restructuring charges for the three and nine months ended September 30, 2019 include $10 million and $25 million, respectively, related to the Facility and Operational Efficiencies Program and $1 million and $4 million, respectively, related to prior restructuring programs.
[2]	The three months ended September 30, 2020 includes restructuring charges of $11 million at Realogy Brokerage Group and $2 million at Corporate and Other. The three months ended September 30, 2019 includes restructuring charges of $2 million at Realogy Franchise Group, $8 million at Realogy Brokerage Group and $1 million at Corporate and Other. The nine months ended September 30, 2020 includes restructuring charges of $1 million at Realogy Franchise Group, $32 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $2 million at Corporate and Other. The nine months ended September 30, 2019 includes restructuring charges of $3 million at Realogy Franchise Group, $18 million at Realogy Brokerage Group, $2 million at Realogy Title Group and $6 million at Corporate and Other.
[3]	Impairments for the three months ended September 30, 2020 relate to lease asset impairments. Impairments for the nine months ended September 30, 2020 include a goodwill impairment charge of $413 million (which reduced the net carrying value of Realogy Brokerage Group by $314 million after accounting for the related income tax benefit of $99 million), an impairment charge of $30 million (which reduced the carrying value of trademarks at Realogy Franchise Group) and $17 million related to lease asset impairments.Impairments for the three and nine months ended September 30, 2019 include a goodwill impairment charge of $237 million (which reduced the net carrying value of Realogy Brokerage Group by $180 million after accounting for the related income tax benefit of $57 million). In addition, the three and nine months ended September 30, 2019 include other impairment charges primarily related to lease asset impairments of $3 million and $6 million, respectively.
[4]	Former parent legacy items and (Gain) loss on the early extinguishment of debt are recorded in Corporate and Other.
[5]	Includes estimated loss on the sale of discontinued operations, net of tax of $43 million and $97 million for the three and nine months ended September 30, 2020, respectively.
[6]	Includes the elimination of transactions between segments.