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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues [Abstract]        
Net revenues [1] $ 1,584 $ 1,808 $ 4,386 $ 5,585 Close
Expenses        
Commission and other agent-related costs 1,037 1,170 2,852 3,560
Operating 284 320 869 1,082
Marketing 56 59 161 195
General and administrative 104 92 331 297
Former parent legacy cost, net [2] 0 1 17 1
Restructuring costs, net [3],[4] 9 16 40 23
Impairments [5] 3 3 11 3
Depreciation and amortization 50 53 149 159
Interest expense, net 37 30 114 76
(Gain) loss on the early extinguishment of debt [2] (169) 0 (169) 92
Other expense (income), net 3 (2) 1 (140)
Total expenses 1,414 1,742 4,376 5,348 Close
Income before income taxes, equity in (earnings) losses and noncontrolling interests 170 66 10 237 Close
Income tax expense 45 8 7 52 Close
Equity in (earnings) losses of unconsolidated entities (4) 2 (7) 16 Close
Net income 129 56 10 169 Close
Less: Net income attributable to noncontrolling interests 0 (1) 0 (3)
Net income attributable to Anywhere and Anywhere Group $ 129 $ 55 $ 10 $ 166
Earnings per share attributable to Anywhere shareholders:        
Basic earnings per share $ 1.17 $ 0.49 $ 0.09 $ 1.44
Diluted earnings per share $ 1.15 $ 0.48 $ 0.09 $ 1.42
Weighted average common and common equivalent shares of Anywhere outstanding:        
Basic 110.5 112.2 110.2 115.3
Diluted 112.1 113.5 111.6 117.0
Gross commission income        
Revenues [Abstract]        
Net revenues [6] $ 1,293 $ 1,469 $ 3,559 $ 4,473
Service revenue        
Revenues [Abstract]        
Net revenues [7] 155 189 445 652
Franchise fees        
Revenues [Abstract]        
Net revenues [8] 99 114 270 338
Other        
Revenues [Abstract]        
Net revenues [9] $ 37 $ 36 $ 112 $ 122
[1] Transactions between segments are eliminated in consolidation. Revenues for Franchise Group include intercompany royalties and marketing fees paid by Owned Brokerage Group of $89 million and $245 million for the three and nine months ended September 30, 2023, respectively, and $97 million and $299 million for the three and nine months ended September 30, 2022, respectively. Such amounts are eliminated through the Corporate and Other line.
[2] Former parent legacy items and (Gain) loss on the early extinguishment of debt are recorded in Corporate and Other. Former parent legacy cost in 2023 relates to recent developments in a legacy tax matter in the first quarter of 2023. Gain on the early extinguishment of debt in 2023 relates to the debt exchange transactions and open market repurchases that occurred during the third quarter of 2023. Loss on the early extinguishment of debt in 2022 relates to the refinancing transactions that occurred during the first quarter of 2022.
[3]
(b)The three months ended September 30, 2023 includes restructuring charges of $2 million at Franchise Group, $5 million at Owned Brokerage Group, $1 million at Title Group and $1 million at Corporate and Other.
The three months ended September 30, 2022 includes restructuring charges of $2 million at Franchise Group, $8 million at Owned Brokerage Group and $6 million at Corporate and Other.
The nine months ended September 30, 2023 includes restructuring charges of $8 million at Franchise Group, $23 million at Owned Brokerage Group, $2 million at Title Group and $7 million at Corporate and Other.
The nine months ended September 30, 2022 includes restructuring charges of $4 million at Franchise Group, $11 million at Owned Brokerage Group and $8 million at Corporate and Other.
[4] Restructuring charges for the three months ended September 30, 2023 include $8 million of expense related to the Operational Efficiencies Plan and $1 million of expense related to prior restructuring plans. Restructuring charges for the nine months ended September 30, 2023 include $36 million of expense related to the Operational Efficiencies Plan and $4 million of expense related to prior restructuring plans. Restructuring charges for the three months ended September 30, 2022 include $10 million of expense related to the Operational Efficiencies Plan and $6 million of expense related to prior restructuring plans. Restructuring charges for the nine months ended September 30, 2022 include $10 million of expense related to the Operational Efficiencies Plan and $13 million of expense related to prior restructuring plans.
[5] Impairments primarily relate to non-cash lease asset and software impairments.
[6] Gross commission income at Owned Brokerage Group is recognized at a point in time at the closing of a homesale transaction
[7] Service revenue primarily consists of title and escrow fees at Title Group and are recognized at a point in time at the closing of a homesale transaction. Service revenue at Franchise Group includes relocation fees, which are recognized as revenue when or as the related performance obligation is satisfied dependent on the type of service performed, and fees related to leads and related services, which are recognized at a point in time at the closing of a homesale transaction or at the completion of the related service.
[8] Franchise fees at 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).
[9] Other revenue is comprised of brand marketing funds received from franchisees at Franchise Group and other miscellaneous revenues across all of the business segments.