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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues [Abstract]        
Net revenues [1] $ 1,669 $ 1,671 $ 2,795 $ 2,802 Close
Expenses        
Commission and other agent-related costs 1,108 1,092 1,834 1,815
Operating 285 299 558 585
Marketing 47 56 92 105
General and administrative 93 104 192 227
Former parent legacy cost, net [2] 1 1 2 17
Restructuring costs, net [3],[4] 7 6 18 31
Impairments [5] 2 4 8 8
Depreciation and amortization 48 49 103 99
Interest expense, net 40 39 79 77
Other income, net 0 (1) (1) (2)
Total expenses 1,631 1,649 2,885 2,962 Close
Income (loss) before income taxes, equity in earnings and noncontrolling interests 38 22 (90) (160) Close
Income tax expense (benefit) 11 8 (17) (38) Close
Equity in earnings of unconsolidated entities (3) (5) (2) (3) Close
Net income (loss) 30 19 (71) (119) Close
Less: Net income attributable to noncontrolling interests 0 0 0 0
Net income (loss) attributable to Anywhere and Anywhere Group $ 30 $ 19 $ (71) $ (119)
Earnings (loss) per share attributable to Anywhere shareholders:        
Basic earnings (loss) per share $ 0.27 $ 0.17 $ (0.64) $ (1.08)
Diluted earnings (loss) per share $ 0.27 $ 0.17 $ (0.64) $ (1.08)
Weighted average common and common equivalent shares of Anywhere outstanding:        
Basic 111.2 110.4 110.9 110.1
Diluted 111.9 111.3 110.9 110.1
Gross commission income        
Revenues [Abstract]        
Net revenues [6] $ 1,376 $ 1,363 $ 2,283 $ 2,266
Service revenue        
Revenues [Abstract]        
Net revenues [7] 159 163 278 290
Franchise fees        
Revenues [Abstract]        
Net revenues [8] 101 102 171 171
Other        
Revenues [Abstract]        
Net revenues [9] $ 33 $ 43 $ 63 $ 75
[1] Transactions between segments are eliminated in consolidation. Revenues for Franchise Group include intercompany royalties and marketing fees paid by Owned Brokerage Group of $92 million and $156 million for the three and six months ended June 30, 2024, respectively, and $93 million and $156 million for the three and six months ended June 30, 2023, respectively. Such amounts are eliminated through the Corporate and Other line.
[2] Former parent legacy cost is recorded in Corporate and Other and relates to a legacy tax matter.
[3]
(b)The three months ended June 30, 2024 includes restructuring charges of $2 million at Franchise Group, $1 million at Owned Brokerage Group, $1 million at Title Group and $3 million at Corporate and Other.
The three months ended June 30, 2023 includes restructuring charges of $4 million at Owned Brokerage Group , $1 million at Title Group and $1 million at Corporate and Other.
The six months ended June 30, 2024 includes restructuring charges of $3 million at Franchise Group, $7 million at Owned Brokerage Group, $1 million at Title Group and $7 million at Corporate and Other.
The six months ended June 30, 2023 includes restructuring charges of $6 million at Franchise Group, $18 million at Owned Brokerage Group, $1 million at Title Group and $6 million at Corporate and Other.
[4] Restructuring charges for the three months ended June 30, 2024 include $6 million of expense related to the Operational Efficiencies Plan and $1 million of expense related to prior restructuring plans.
Restructuring charges for the three months ended June 30, 2023 include $5 million of expense related to the Operational Efficiencies Plan and $1 million of expense related to prior restructuring plans.
Restructuring charges for the six months ended June 30, 2024 include $16 million of expense related to the Operational Efficiencies Plan and $2 million of expense related to prior restructuring plans.
Restructuring charges for the six months ended June 30, 2023 include $28 million of expense related to the Operational Efficiencies Plan and $3 million of expense related to prior restructuring plans.
[5] Non-cash impairments primarily related to leases and other assets.
[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.