{"id":11977,"date":"2017-05-04T07:44:00","date_gmt":"2017-05-04T11:44:00","guid":{"rendered":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/realogy-reports-financial-results-for-first-quarter-2017-2\/"},"modified":"2017-05-04T07:44:00","modified_gmt":"2017-05-04T11:44:00","slug":"realogy-reports-financial-results-for-first-quarter-2017-2","status":"publish","type":"post","link":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/realogy-reports-financial-results-for-first-quarter-2017-2\/","title":{"rendered":"Realogy Reports Financial Results For First Quarter 2017"},"content":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">MADISON, N.J.<\/span>, May&nbsp;4, 2017 \/PRNewswire\/ &#8212;&nbsp;Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in <span class=\"xn-location\">the United States<\/span>, today reported financial results for the first quarter ended March&nbsp;31, 2017, including the following highlights:<\/p>\n<ul type=\"disc\">\n<li>Revenue was <span class=\"xn-money\">$1.20 billion<\/span>, an increase of 6% as compared with the first quarter in 2016, driven by transaction volume increases at the Company-owned brokerage segment (NRT) and Realogy Franchise Group (RFG).\n<\/li>\n<li>The Company&#8217;s combined homesale transaction volume increased 9% compared with the first quarter of 2016, consisting of a 10% volume gain at RFG and a 7% volume gain at NRT.\n<\/li>\n<li>Net loss was <span class=\"xn-money\">$28 million<\/span> compared with net loss of <span class=\"xn-money\">$42 million<\/span> in the first quarter of 2016. Basic loss per share was <span class=\"xn-money\">$0.20<\/span> compared with basic loss per share of <span class=\"xn-money\">$0.29<\/span> in the first quarter of 2016.\n<\/li>\n<li>Adjusted net loss was <span class=\"xn-money\">$23 million<\/span> compared with adjusted net loss of <span class=\"xn-money\">$17 million<\/span> in the first quarter of 2016. Adjusted net loss per share was <span class=\"xn-money\">$0.16<\/span> compared with adjusted net loss per share of <span class=\"xn-money\">$0.12<\/span> in first quarter of 2016. <i>(See Table 1a).<\/i><i><sup>1 <\/sup><\/i>\n<\/li>\n<li>Operating EBITDA was <span class=\"xn-money\">$61 million<\/span>, compared with <span class=\"xn-money\">$65 million<\/span> in the first quarter of 2016. <i>(See Table 6)<\/i>.<sup>2<\/sup>\n<\/li>\n<li>The Company returned <span class=\"xn-money\">$73 million<\/span> of capital to shareholders through repurchases and dividends.<\/li>\n<\/ul>\n<p\/>\n<p>&quot;The housing market proved stronger than we expected in the first quarter, and we saw early signs of stabilization in our high end markets,&quot; said <span class=\"xn-person\">Richard A. Smith<\/span>, Realogy&#8217;s chairman, chief executive officer and president. &quot;We also made good progress on our recruiting initiatives intended to increase the number of productive sales agents at NRT and retain a higher percentage of our top-quartile agents. While these actions will result in near-term moderate pressure on margins, we anticipate that over the medium term they will be additive to revenue and earnings at NRT as well as other Realogy business units that benefit from NRT&#8217;s transaction volume. Overall, we are encouraged by the progress we are making as we execute on our strategic growth initiatives.&quot;&nbsp; <\/p>\n<p\/>\n<p>In the first quarter of 2017, RFG and NRT achieved a combined homesale transaction volume (transaction sides multiplied by average sale price) of approximately <span class=\"xn-money\">$96 billion<\/span>, an increase of 9% compared with the first quarter of 2016, which exceeded the Company&#8217;s guidance range based on stronger than expected results in March.&nbsp; RFG reported a homesale transaction sides increase of 3% and an average homesale price increase of 6%.&nbsp; NRT reported a homesale transaction sides increase of 4% and an average homesale price increase of 3%. <\/p>\n<p>In the title and settlement services sector, TRG was involved in the closing of approximately 40,000 transactions in the first quarter of 2017, reflecting a 7% increase in purchase units and a 12% decrease in refinance units compared with the first quarter of 2016.<\/p>\n<p>In the relocation segment, Cartus generated over 15,000 referrals to agents that closed in the first quarter and initiated over 36,000 moves. Over the last 12 months, approximately 86,000 closed transaction sides resulted from Cartus referrals, primarily involving Realogy&#8217;s network of affiliated agents.<\/p>\n<p><b>Capital Allocation<\/b><\/p>\n<p>The Company returned <span class=\"xn-money\">$73 million<\/span> of capital to shareholders through repurchases and dividends in Q1 2017.&nbsp; During the first quarter of 2017, Realogy repurchased approximately 2.2 million shares of common stock in the open market at a weighted average market price of <span class=\"xn-money\">$27.82<\/span> per share for a total of <span class=\"xn-money\">$60 million<\/span> and returned an additional <span class=\"xn-money\">$13 million<\/span> through a quarterly cash dividend paid to stockholders.&nbsp; The Company had approximately 138.7 million shares of common stock outstanding as of March&nbsp;31, 2017.<\/p>\n<p>&quot;We remain on track to continue to generate significant free cash flow in 2017,&quot; said <span class=\"xn-person\">Anthony E. Hull<\/span>, Realogy&#8217;s executive vice president, chief financial officer and treasurer.&nbsp; &quot;Since the inception of the Company&#8217;s share repurchase program in <span class=\"xn-chron\">February 2016<\/span>, Realogy has used a substantial portion of free cash flow to repurchase a total of 10 million of our outstanding shares.&nbsp; We will continue to strategically deploy capital to enhance shareholder value.&quot;<\/p>\n<p><b>Balance Sheet<\/b><\/p>\n<p>The Company ended the quarter with cash and cash equivalents of <span class=\"xn-money\">$205 million<\/span>.&nbsp; Total long-term corporate debt, including the short-term portion, net of cash and cash equivalents (net corporate debt), totaled <span class=\"xn-money\">$3.5 billion<\/span> at March&nbsp;31, 2017.&nbsp; The Company&#8217;s net debt leverage<sup>3<\/sup> was 4.0 times at March&nbsp;31, 2017. <\/p>\n<p>A consolidated balance sheet is included as Table 2 of this press release.<\/p>\n<p><b>Investor Conference Call&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/b><\/p>\n<p>Today, May&nbsp;4, at <span class=\"xn-chron\">8:30 a.m. (EST)<\/span>, Realogy will hold a conference call via webcast to review its first quarter 2017 results.&nbsp; The call will be hosted by <span class=\"xn-person\">Richard A. Smith<\/span>, chairman, chief executive officer and president, and <span class=\"xn-person\">Anthony E. Hull<\/span>, executive vice president, chief financial officer and treasurer, and will conclude with an investor Q&amp;A period with management.<\/p>\n<p>Investors may access the conference call live via webcast at <a href=\"http:\/\/www.realogy.com\/\" rel=\"nofollow noopener\" target=\"_blank\">www.realogy.com<\/a> under &quot;Investors&quot; or by dialing (888) 895-3527 (toll free); international participants should dial (706) 679-2250.&nbsp; Please dial in at least 5 to 10 minutes prior to start time.&nbsp; A webcast replay also will be available on the website.<\/p>\n<p><b>About Realogy Holdings Corp.<\/b><\/p>\n<p>Realogy Holdings Corp. (NYSE: RLGY) is a global leader in residential real estate franchising and brokerage with many of the best-known industry brands including Better Homes and Gardens&reg; Real Estate, CENTURY 21&reg;, Coldwell Banker&reg;, Coldwell Banker Commercial&reg;, Corcoran&reg;, ERA&reg;, Sotheby&#8217;s International Realty&reg; and ZipRealty&reg;.&nbsp; Collectively, Realogy&#8217;s franchise system members operate approximately 14,200 offices with approximately 274,500 independent sales agents conducting business in 113 countries and territories around the world.&nbsp; NRT LLC, Realogy&#8217;s company-owned real estate brokerage, is the largest residential brokerage company in <span class=\"xn-location\">the United States<\/span>, operates under several of Realogy&#8217;s brands and also provides related residential real estate services. Realogy also owns Cartus, a prominent worldwide provider of relocation services to corporate and affinity clients, Title Resource Group (TRG), a leading provider of title, settlement and underwriting services, and ZapLabs LLC, its innovation and technology development subsidiary. &nbsp;Realogy is headquartered in <span class=\"xn-location\">Madison, New Jersey<\/span>.<\/p>\n<p><b><i>Footnotes:<\/i><\/b><\/p>\n<p><i><sup>1 <\/sup><\/i><i>&nbsp;Adjusted net loss is adjusted for non-cash mark-to-market expense on interest rate swaps, restructuring charges and loss on the early extinguishment of debt.<br \/><\/i><i><sup>2<\/sup><\/i><i>&nbsp; Operating EBITDA is defined as EBITDA before restructuring costs, loss on the early extinguishment of debt and former parent legacy items.<br \/><\/i><sup>3&nbsp; <\/sup><i><sup>&nbsp;<\/sup><\/i><i>Net corporate debt divided by EBITDA calculated on a pro forma basis, as defined under our credit facilities, for the twelve-month period ended <span class=\"xn-chron\">March 31, 2017<\/span>.<\/i><\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p><i>Certain statements in this press release constitute &quot;forward-looking statements.&quot;&nbsp; Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Realogy Holdings Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words &quot;believes&quot;, &quot;expects&quot;, &quot;anticipates&quot;, &quot;intends&quot;, &quot;projects&quot;, &quot;estimates&quot; and &quot;plans&quot; and similar expressions or future or conditional verbs such as &quot;will&quot;, &quot;should&quot;, &quot;would&quot;, &quot;may&quot; and &quot;could&quot; are generally forward-looking in nature and not historical facts.&nbsp; Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements.<\/i><\/p>\n<p><i>Various factors that could cause actual future results and other future events to differ materially from those estimated by management include, but are not limited to: adverse developments or the absence of sustained improvement in general business, economic and political conditions; adverse developments or the absence of improvement in the residential real estate markets including but not limited to the lack of sustained improvement in the number of home sales and\/or stagnant or declining home prices, low levels of consumer confidence, the impact of slow economic growth or future recessions and related high levels of unemployment in the U.S. and abroad, continued low inventory levels, renewed high levels of foreclosures, seasonal fluctuations in the residential real estate brokerage business, and increasing mortgage rates and down payment requirements and\/or constraints on the availability of mortgage financing; the Company&#8217;s geographic and high-end market concentration, particularly with respect to its Company-owned brokerage operations; the Company&#8217;s failure to enter into or renew franchise agreements or maintain its brands; risks relating to our outstanding debt and interest obligations; variable rate indebtedness which subjects the Company to interest rate risk; the Company&#8217;s inability to access capital or refinance or repay existing indebtedness, or return capital to stockholders; the Company&#8217;s inability to realize the benefits from acquisitions or the new mortgage origination joint venture that the Company has agreed to form with Guaranteed Rate, Inc.; any outbreak or escalation of hostilities on a national, regional or international basis; government regulation as well as legislative, tax or regulatory changes that would adversely impact the residential real estate market, including but not limited to potential reform of the financing of the U.S. housing and mortgage markets and\/or the Internal Revenue Code and changes in state or federal employment laws or regulations that would require reclassification of independent contractor sales agents to employee status, and wage and hour regulations; inability to achieve sales agent recruiting and retention goals; the Company&#8217;s inability to sustain improvements in its operating efficiency and to achieve anticipated cost savings from its business optimization initiatives; any adverse resolution of litigation, governmental or regulatory proceedings or arbitration awards; and the final resolution or outcomes with respect to Cendant&#8217;s (our former parent) remaining contingent liabilities.<\/i><\/p>\n<p><i>Consideration should be given to the areas of risk described above, as well as those risks set forth under the headings &quot;Forward-Looking Statements&quot; and &quot;Risk Factors&quot; in our filings with the Securities and Exchange Commission, including our Quarterly Report filed on Form 10-Q for the quarter ended March&nbsp;31, 2017, and our Annual Report on Form 10-K for the year ended December&nbsp;31, 2016 and our other filings made from time to time, in connection with considering any forward-looking statements that may be made by us and our businesses generally.&nbsp; Except for our ongoing obligations to disclose material information under the federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless we are required to do so by law. <\/i><\/p>\n<p><b><i>Non-GAAP Financial Measures<\/i><\/b><\/p>\n<p><i>This release includes certain non-GAAP financial measures as defined under SEC rules. As required by&nbsp;SEC&nbsp;rules, important information regarding such measures is contained in the Tables attached to this release. <span class=\"xn-person\">See Tables<\/span> 1a and 8 for definitions of these non-GAAP financial measures and Tables 1a, 4a, 4b, 5, 6, and 7 for reconciliations of the historical non-GAAP financial measures to their most comparable GAAP terms.<\/i><\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Investor Contacts:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen2\"><\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Media Contact:<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Alicia Swift<\/span><\/p>\n<\/td>\n<td class=\"prngen2\"><\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mark Panus<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(973) 407-4669<\/span><\/p>\n<\/td>\n<td class=\"prngen2\"><\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(973) 407-7215<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a class=\"prnews_a\" href=\"mailto:alicia.swift@realogy.com\" rel=\"nofollow noopener\" target=\"_blank\">alicia.swift@realogy.com<\/a> <\/span><\/p>\n<\/td>\n<td class=\"prngen2\"><\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a class=\"prnews_a\" href=\"mailto:mark.panus@realogy.com\" rel=\"nofollow noopener\" target=\"_blank\">mark.panus@realogy.com<\/a> <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\"><\/td>\n<td class=\"prngen2\"><\/td>\n<td class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Jennifer Halchak<\/span><\/p>\n<\/td>\n<td class=\"prngen2\"><\/td>\n<td class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(973) 407-7487<\/span><\/p>\n<\/td>\n<td class=\"prngen2\"><\/td>\n<td class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><a class=\"prnews_a\" href=\"mailto:jennifer.halchak@realogy.com\" rel=\"nofollow noopener\" target=\"_blank\">jennifer.halchak@realogy.com<\/a> <\/span><\/p>\n<\/td>\n<td class=\"prngen2\"><\/td>\n<td class=\"prngen2\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\" colspan=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Table 1<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>REALOGY HOLDINGS CORP.<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(In millions, except per share data)<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\" colspan=\"7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen4\" colspan=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen6\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen6\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Revenues<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gross commission income<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">881<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">826<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Service revenue<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">194<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">190<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Franchise fees<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">75<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">69<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">53<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net revenues<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,203<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,134<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Expenses<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Commission and other agent-related costs<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">605<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">558<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">376<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">367<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Marketing<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">58<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">General and administrative<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">96<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">86<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Former parent legacy costs, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restructuring costs<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">39<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">73<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on the early extinguishment of debt<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total expenses<\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,237<\/span><\/p>\n<\/td>\n<td class=\"prngen11\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen11\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,200<\/span><\/p>\n<\/td>\n<td class=\"prngen11\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss before income taxes, equity in losses and noncontrolling interests<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(34)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(66)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax benefit<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(24)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Equity in losses of unconsolidated entities<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(42)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: Net income attributable to noncontrolling interests<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss attributable to Realogy Holdings<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(42)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss per share attributable to Realogy Holdings:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic loss per share<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.20)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.29)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Diluted loss per share<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.20)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.29)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Weighted average common and common equivalent shares of Realogy Holdings outstanding:<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">139.7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">146.5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Diluted<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">139.7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">146.5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prntar prnpl20 prnsbl1 prnpr8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash dividends declared per share (beginning in August 2016)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.09<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"1\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\" id=\"convertedTablee07c\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Table 1a<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>REALOGY HOLDINGS CORP.<br \/><\/b><b>Adjusted Net Loss and Adjusted Loss Per Share<br \/><\/b><b>(In millions, except per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">We present Adjusted net loss and Adjusted loss per share because we believe these measures are useful as supplemental measures in evaluating the performance of our operating businesses and provides greater transparency into our operating results.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjusted net loss is defined by us as net loss before: (a) mark to market interest rate swap adjustments, whose fair value is subject to movements in LIBOR and the forward yield curve and therefore are subject to significant fluctuations; (b) former parent legacy items, which pertain to liabilities of the former parent for matters prior to mid-2006 and are non-operational in nature; (c) restructuring charges, which the Company believes will be significant as a result of the business optimization initiatives currently in progress; and (d) the loss on the early extinguishment of debt that results from refinancing and deleveraging debt initiatives.&nbsp; The gross amounts for these items as well as the adjustment for income taxes are shown in the table below.&nbsp; <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjusted loss per share is Adjusted net loss divided by the weighted average common and common equivalent shares outstanding.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Set forth in the table below is&nbsp;a reconciliation of Net loss to Adjusted net loss for the three-month periods ended March&nbsp;31, 2017, and 2016:<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen4\" colspan=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen6\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen6\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss attributable to Realogy Holdings<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(42)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Addback:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Mark-to-market interest rate swap adjustments<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">31<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Former parent legacy costs, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restructuring costs, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on the early extinguishment of debt<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjustments for tax effect (a)<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(16)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted net loss<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(23)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(17)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss per share<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic loss per share:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.20)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.29)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Diluted loss per share:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.20)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.29)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted loss per share<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjusted basic loss per share:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.16)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.12)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Adjusted diluted loss per share:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.16)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.12)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Weighted average common and common equivalent shares outstanding:<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Basic:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">139.7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">146.5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Diluted:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">139.7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">146.5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"1\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\" id=\"convertedTablec185\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reflects tax effect of adjustments at an assumed tax rate of 40% for the quarters ended March&nbsp;31, 2017 and 2016.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><\/p>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Table 2<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen21\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>REALOGY HOLDINGS CORP.<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(In millions, except share data)<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Unaudited)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen22\" colspan=\"3\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen22\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen23\" colspan=\"3\" rowspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<br \/>&nbsp;2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen23\" colspan=\"3\" rowspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December 31,<br \/>&nbsp;2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbbb1 prntar prnpl6 prnsbl1 prnpr8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbbb1 prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>ASSETS<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Current assets:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">205<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">274<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Trade receivables (net of allowance for doubtful accounts of $12 and $13)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">147<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">152<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Relocation receivables<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">223<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">244<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other current assets<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">158<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">148<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total current assets<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">733<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">818<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Property and equipment, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">270<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">267<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Goodwill<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,691<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,690<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Trademarks<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">748<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">748<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Franchise agreements, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,344<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,361<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other intangibles, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">304<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">313<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other non-current assets<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">240<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">224<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,330<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,421<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>LIABILITIES AND EQUITY<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Current liabilities:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accounts payable<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">125<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">140<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Securitization obligations<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">172<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">205<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Due to former parent<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">29<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">28<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Current portion of long-term debt<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">355<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">242<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accrued expenses and other current liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">400<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">435<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total current liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,081<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,050<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Long-term debt<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,256<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,265<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Deferred income taxes<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">379<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">389<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other non-current liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">239<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">248<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total liabilities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,955<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,952<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Commitments and contingencies<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Equity:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Realogy Holdings preferred stock: $.01 par value; 50,000,000 shares authorized, <br \/>&nbsp; none issued and outstanding at March 31, 2017 and December 31, 2016<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Realogy Holdings common stock: $.01 par value; 400,000,000 shares authorized, <br \/>&nbsp; 138,733,646 shares outstanding at March 31, 2017 and 140,227,692 shares <br \/>&nbsp; outstanding at December 31, 2016<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Additional paid-in capital<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,499<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,565<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accumulated deficit<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,090)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,062)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accumulated other comprehensive loss<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(39)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(40)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen26\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total stockholders&#8217; equity<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,371<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,464<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Noncontrolling interests<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,375<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,469<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total liabilities and equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,330<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7,421<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Table 3a<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>REALOGY HOLDINGS CORP.<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2017 vs. 2016 KEY DRIVERS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\" colspan=\"10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen4\" colspan=\"10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended March 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen6\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen6\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen28\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% Change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RFG (a)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Closed homesale sides<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">225,250<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">218,330<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Average homesale price<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">275,828<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">259,044<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Average homesale broker commission rate<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.50<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.51<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1)<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">bps<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net effective royalty rate<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.44<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.51<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7)<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">bps<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Royalty per side<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">322<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">309<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>NRT<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Closed homesale sides<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">66,570<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">64,244<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Average homesale price<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">509,197<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">493,125<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Average homesale broker commission rate<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.45<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.46<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1)<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">bps<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gross commission income per side<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,261<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,878<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cartus<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Initiations<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">36,515<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">37,174<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Referrals<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,203<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,893<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(10)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TRG<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Purchase title and closing units (b)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">31,297<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">29,236<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Refinance title and closing units (c)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,533<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,703<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12)<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Average fee per closing unit<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,001<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,848<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"1\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\" id=\"convertedTable2411\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Includes all franchisees except for NRT.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">The amounts presented for the three months ended March&nbsp;31, 2017 include 1,972 purchase units as a result of acquisitions completed prior to the first quarter of 2017.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">The amounts presented for the three months ended March&nbsp;31, 2017 include 523 refinance units as a result of the acquisitions completed prior to the first quarter of 2017.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><\/p>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Table 3b<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"15\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntar prnpl6 prnsblb0 prnpr6\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"21\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>REALOGY HOLDINGS CORP.<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016 KEY DRIVERS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\" colspan=\"15\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntac prnpl6 prnsblb0 prnpr6\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\" colspan=\"15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Quarter Ended<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen23\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Year Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<br \/>&nbsp;2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June 30,<br \/>&nbsp;2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>September 30,<br \/>&nbsp;2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen33\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December 31,<br \/>&nbsp;2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen4\"><\/td>\n<td class=\"prngen23\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December 31,<br \/>&nbsp;2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RFG (a)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Closed homesale sides<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">218,330<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">319,748<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">323,176<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">274,090<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,135,344<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Average homesale price<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">259,044<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">273,900<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">275,325<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">277,037<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">272,206<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Average homesale broker commission rate<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.51<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.51<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.50<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.49<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.50<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net effective royalty rate<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.51<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.49<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.50<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.34<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4.46<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Royalty per side<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">309<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">319<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">322<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">313<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">317<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"21\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>NRT<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Closed homesale sides<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">64,244<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">98,314<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">95,605<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">77,536<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">335,699<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Average homesale price<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">493,125<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">485,688<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">486,343<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">495,242<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">489,504<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Average homesale broker commission rate<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.46<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.49<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.46<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.44<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.46<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gross commission income per side<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,878<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,732<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,681<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,760<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,752<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Cartus<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Initiations<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">37,174<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">51,560<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">40,556<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33,773<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">163,063<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Referrals<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,893<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26,138<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">25,495<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18,751<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">87,277<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TRG<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Purchase title and closing units (b)<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">29,236<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">43,914<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">42,932<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">36,915<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">152,997<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Refinance title and closing units (c)<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,703<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,227<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,170<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,819<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50,919<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Average fee per closing unit<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,848<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,919<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,824<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,907<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,875<\/span><\/p>\n<\/td>\n<td class=\"prngen12\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"1\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\" id=\"convertedTabled2ee\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Includes all franchisees except for NRT.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">The amounts presented for the year ended December&nbsp;31, 2016 include 18,930 purchase units as a result of the acquisitions.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">The amounts presented for the year ended December&nbsp;31, 2016 include 4,469 refinance units as a result of the acquisitions.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><\/p>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Table 4a<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>REALOGY HOLDINGS CORP.<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>SELECTED 2017 FINANCIAL DATA<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(In millions)<\/b> <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"2\"><\/td>\n<td class=\"prngen22\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"2\"><\/td>\n<td class=\"prngen23\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"2\"><\/td>\n<td class=\"prngen23\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<br \/>&nbsp;2017<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net revenues (a)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Real Estate Franchise Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">170<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Company Owned Real Estate Brokerage Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">897<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Relocation Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">77<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Title and Settlement Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">120<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Corporate and Other<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(61)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnml20\"><span class=\"prnews_span\">Total Company<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,203<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>EBITDA (b)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Real Estate Franchise Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">102<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Company Owned Real Estate Brokerage Services<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(26)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Relocation Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Title and Settlement Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Corporate and Other<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(27)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnml20\"><span class=\"prnews_span\">Total Company<\/span><\/p>\n<\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">39<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax benefit<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen29\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss attributable to Realogy Holdings<\/span><\/p>\n<\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prnpl6 prnsblb0 prnpr8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"1\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\" id=\"convertedTable0427\">\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a)&nbsp;&nbsp;&nbsp; <\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Transactions between segments are eliminated in consolidation.&nbsp; Revenues for the Real Estate Franchise Services segment include intercompany royalties and marketing fees paid by the Company Owned Real Estate Brokerage Services segment of $61 million for the three months ended March&nbsp;31, 2017.&nbsp; Such amounts are eliminated through the Corporate and Other line.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Revenues for the Relocation Services segment include $8 million of intercompany referral commissions paid by the Company Owned Real Estate Brokerage Services segment during the three months ended March&nbsp;31, 2017.&nbsp; Such amounts are recorded as contra-revenues by the Company Owned Real Estate Brokerage Services segment.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(b)&nbsp;&nbsp; <\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Includes restructuring charges of $5 million in the Company Owned Real Estate Brokerage Services segment and $4 million related to the loss on the early extinguishment of debt for the three months ended March&nbsp;31, 2017.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><\/p>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Table 4b<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"15\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen21\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>REALOGY HOLDINGS CORP.<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>SELECTED 2016 FINANCIAL DATA<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(In millions)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\" colspan=\"15\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen22\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen4\" colspan=\"15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen23\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Year Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen33\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen33\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June 30,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen33\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>September 30,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen33\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December 31,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen4\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen35\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen35\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen35\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen35\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen35\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net revenues (a)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Real Estate Franchise Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">157<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">221<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">215<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">188<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">781<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Company Owned Real Estate Brokerage Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">841<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,268<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,231<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,004<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,344<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Relocation Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">83<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">109<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">116<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">97<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">405<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Title and Settlement Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">111<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">149<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">164<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">149<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">573<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Corporate and Other<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(58)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(85)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(82)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(68)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(293)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnml20\"><span class=\"prnews_span\">Total Company<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,134<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,662<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,644<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,370<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,810<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>EBITDA (b)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Real Estate Franchise Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">92<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">149<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">153<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">122<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">516<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Company Owned Real Estate Brokerage Services<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">78<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">74<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">137<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Relocation Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">29<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">40<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">96<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Title and Settlement Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">26<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Corporate and Other<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(19)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(20)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(18)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(78)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnml20\"><span class=\"prnews_span\">Total Company<\/span><\/p>\n<\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">263<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">270<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">145<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">733<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">53<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">53<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">202<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">73<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">59<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">37<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">174<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax expense (benefit)<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(24)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">64<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">74<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">144<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net income (loss) attributable to Realogy Holdings<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(42)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">92<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">106<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">57<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">213<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"1\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\" id=\"convertedTable5d3f\">\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(a)&nbsp;&nbsp;&nbsp; <\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Transactions between segments are eliminated in consolidation.&nbsp; Revenues for the Real Estate Franchise Services segment include intercompany royalties and marketing fees paid by the Company Owned Real Estate Brokerage Services segment of $58 million, $85 million, $82 million and $68 million for the three months ended March 31, 2016, June 30, 2016, September 30, 2016 and December&nbsp;31, 2016, respectively.&nbsp; Such amounts are eliminated through the Corporate and Other line.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Revenues for the Relocation Services segment include $8 million, $13 million, $12 million and $10 million of intercompany referral commissions paid by the Company Owned Real Estate Brokerage Services segment during the three months ended March 31, 2016, June 30, 2016, September 30, 2016 and December&nbsp;31, 2016, respectively.&nbsp; Such amounts are recorded as contra-revenues by the Company Owned Real Estate Brokerage Services segment.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen30\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(b)&nbsp;&nbsp; <\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Includes a net cost of $1 million and a net benefit of $3 million of former parent legacy items for the three months ended March 31, 2016 and December 31, 2016, respectively.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Includes $9 million, $12 million, $9 million and $9 million of restructuring charges for the three months ended March 31, 2016, June 30, 2016, September 30, 2016 and December&nbsp;31, 2016, respectively.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">The year ended December&nbsp;31, 2016 includes a net benefit of $2 million of former parent legacy items and restructuring charges of $39 million.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\"><\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">The amounts broken down by business unit are as follows:<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen22\" colspan=\"2\"><\/td>\n<td class=\"prngen22\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen4\" colspan=\"15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen23\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Year Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen33\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen33\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>June 30,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen33\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>September 30,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen33\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December 31,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen4\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December 31,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen35\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen35\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen35\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen35\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen35\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Real Estate Franchise Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Company Owned Real Estate Brokerage Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Relocation Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Title and Settlement Services<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Corporate and Other<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnml20\"><span class=\"prnews_span\">Total Company<\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">37<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p><\/p>\n<div>\n<table border=\"1\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\" id=\"convertedTablecaca\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Table 5<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>REALOGY HOLDINGS CORP.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016 EBITDA AND OPERATING EBITDA<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(In millions)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Set forth in the table below is a reconciliation of net income to EBITDA and Operating EBITDA for the year ended&nbsp; December&nbsp;31, 2016: <\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><\/p>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen23\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Year Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen23\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>December 31, 2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net income attributable to Realogy Holdings<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">213<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax expense<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">144<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income before income taxes<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">357<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">174<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">202<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>EBITDA<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">733<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">EBITDA adjustments:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnml20\"><span class=\"prnews_span\">Restructuring costs<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">39<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnml20\"><span class=\"prnews_span\">Former parent legacy costs (benefit), net<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>Operating EBITDA<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">770<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"1\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\" id=\"convertedTableda8c\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Table 6<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>REALOGY HOLDINGS CORP.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>EBITDA AND OPERATING EBITDA<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>THREE MONTHS ENDED<\/b><b> MARCH&nbsp;31, 2017 AND 2016 <\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(In millions)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Set forth in the table below is&nbsp;a reconciliation of net loss to EBITDA and Operating EBITDA for the three-month periods ended March&nbsp;31, 2017 and 2016:<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen4\" colspan=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31, 2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31, 2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss attributable to Realogy<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(42)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax benefit<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(24)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss before income taxes<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(37)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(66)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">39<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">73<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>EBITDA<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">EBITDA adjustments:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restructuring costs<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Former parent legacy cost, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen18\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on the early extinguishment of debt<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>Operating EBITDA<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">65<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\" colspan=\"36\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Set forth in the table below is&nbsp;a reconciliation of Operating EBITDA by reportable segments to the net loss for the three months ended ended March&nbsp;31, 2017 and 2016:<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen4\" colspan=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Revenues<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen4\" colspan=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating EBITDA<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen4\" colspan=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating EBITDA Margin<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen6\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen6\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Change<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen28\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>%<br \/>Change<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen6\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen6\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Change<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen33\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>% <br \/>Change<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen6\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen6\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2016<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen28\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">RFG<\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">170<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">157<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8<\/span><\/p>\n<\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">102<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen17\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">92<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11<\/span><\/p>\n<\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60<\/span><\/p>\n<\/td>\n<td class=\"prngen36\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">59<\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">NRT<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">897<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">841<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(21)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(19)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cartus<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">77<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">83<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">7<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(86)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">TRG<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">120<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">111<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Corporate and Other<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(61)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(58)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(23)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(15)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(8)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">*<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Total Company<\/span><\/p>\n<\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,203<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,134<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">69<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen37\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td class=\"prnsbts prnsbr1 prnvab prnsbbs prntal prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">65<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen37\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(6)<\/span><\/p>\n<\/td>\n<td class=\"prngen39\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen39\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td class=\"prngen39\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen37\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: Restructuring costs<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\" colspan=\"15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;&nbsp; Former parent legacy cost, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\" colspan=\"15\">\n<p class=\"prnml6\"><span class=\"prnews_span\">&nbsp; Loss on the early extinguishment of debt<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\" colspan=\"15\">\n<p class=\"prnml6\"><span class=\"prnews_span\">&nbsp; Interest expense, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">39<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">73<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\" colspan=\"15\">\n<p class=\"prnml6\"><span class=\"prnews_span\">&nbsp; Income tax benefit<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(9)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(24)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen29\" colspan=\"15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss attributable to Realogy Holdings<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(42)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp; not meaningful<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen21\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen21\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Table 7<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>REALOGY HOLDINGS CORP.<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&nbsp;FREE CASH FLOW<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>THREE MONTHS ENDED MARCH&nbsp;31, 2017 AND 2016 <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(In millions)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">A reconciliation of net loss attributable to Realogy Holdings to free cash flow is set forth in the following table:<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen4\" colspan=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31, 2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31, 2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss attributable to Realogy Holdings<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(42)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Income tax benefit, net of payments<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(26)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense, net<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">39<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">73<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash interest payments<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(24)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">50<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">48<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Capital expenditures<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Restructuring costs and former parent legacy items, net of payments<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Working capital adjustments<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(60)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(82)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Relocation receivables (assets), net of securitization obligations<\/span><\/p>\n<\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen27\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(36)<\/span><\/p>\n<\/td>\n<td class=\"prngen10\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Free Cash Flow<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(72)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(113)<\/span><\/p>\n<\/td>\n<td class=\"prngen13\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen21\"><\/td>\n<td class=\"prngen21\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">A reconciliation of net cash used in operating activities to free cash flow is set forth in the following table:<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen4\" colspan=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Three Months Ended<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31, 2017<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<td class=\"prngen28\" colspan=\"3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>March 31, 2016<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash used in operating activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(64)<\/span><\/p>\n<\/td>\n<td class=\"prngen17\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Property and equipment additions<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net change in securitization<\/span><\/p>\n<\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(33)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen12\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(27)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Effect of exchange rates on cash and cash equivalents<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&mdash;<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Free Cash Flow<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(72)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(113)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\" colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash used in investing activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(31)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(34)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net cash used in financing activities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(27)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\"><\/td>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">$<\/span><\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(34)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p><b>Table 8<\/b><\/p>\n<p><b>Non-GAAP Definitions<\/b><\/p>\n<p>Adjusted net income (loss) is defined by us as net income (loss) before mark to market interest rate adjustments, former parent legacy items, restructuring charges and loss on the early extinguishment of debt.&nbsp; The gross amounts for these items as well as the adjustment for income taxes are presented. &nbsp;Adjusted income (loss) per share is Adjusted net income (loss) divided by the weighted average common and common equivalent shares outstanding.&nbsp; We present Adjusted net income (loss) and Adjusted earnings (loss) per share because we believe these measures are useful as supplemental measures in evaluating the performance of our operating businesses and provides greater transparency into our operating results.<\/p>\n<p>EBITDA is defined by us as net income (loss) before depreciation and amortization, interest expense, net (other than relocation services interest for securitization assets and securitization obligations) and income taxes and is our primary non-GAAP measure.<\/p>\n<p>Operating EBITDA is defined by us as EBITDA before restructuring, early extinguishment of debt and legacy items and is used as a supplementary financial measure.&nbsp; Operating EBITDA calculated for a twelve-month period is presented because the Company believes these items do not directly affect the operating results of the Company and accordingly should be excluded in comparing operating results. <\/p>\n<p>We present EBITDA and Operating EBITDA because we believe they are useful as supplemental measures in evaluating the performance of our operating businesses and provide greater transparency into our results of operations.&nbsp; Our management, including our chief operating decision maker, uses EBITDA as a factor in evaluating the performance of our business.&nbsp; EBITDA and Operating EBITDA should not be considered in isolation or as a substitute for net income or other statement of operations data prepared in accordance with GAAP. <\/p>\n<p>We believe EBITDA facilitates company-to-company operating performance comparisons by backing out potential differences caused by variations in capital structures (affecting net interest expense), taxation, the age and book depreciation of facilities (affecting relative depreciation expense) and the amortization of intangibles, which may vary for different companies for reasons unrelated to operating performance.&nbsp; We further believe that EBITDA is frequently used by securities analysts, investors and other interested parties in their evaluation of companies, many of which present an EBITDA measure when reporting their results. <\/p>\n<p>EBITDA and Operating EBITDA have limitations as analytical tools, and you should not consider EBITDA and Operating EBITDA either in isolation or as substitutes for analyzing our results as reported under GAAP.&nbsp; Some of these limitations are:<\/p>\n<ul type=\"disc\">\n<li>these measures do not reflect changes in, or cash required for, our working capital needs;\n<\/li>\n<li>these measures do not reflect our interest expense (except for interest related to our securitization obligations), or the cash requirements necessary to service interest or principal payments on our debt;\n<\/li>\n<li>these measures do not reflect our income tax expense or the cash requirements to pay our taxes;\n<\/li>\n<li>these measures do not reflect historical cash expenditures or future requirements for capital expenditures or contractual commitments;\n<\/li>\n<li>although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often require replacement in the future, and these measures do not reflect any cash requirements for such replacements; and\n<\/li>\n<li>other companies may calculate these measures differently so they may not be comparable. <\/li>\n<\/ul>\n<p>Free Cash Flow is defined as net income (loss) attributable to Realogy before income tax expense (benefit), net of payments, interest expense, net, depreciation and amortization, capital expenditures, restructuring costs and former parent legacy costs (benefits), net of payments, loss on the early extinguishment of debt, working capital adjustments and relocation assets, net of change in securitization obligations.&nbsp; We use Free Cash Flow in our internal evaluation of operating effectiveness and decisions regarding the allocation of resources, as well as measuring the Company&#8217;s ability to generate cash.&nbsp; Since Free Cash Flow can be viewed as both a performance measure and a cash flow measure, the Company has provided a reconciliation to both net income attributable to Realogy Holdings and net cash provided by operating activities.&nbsp; Free Cash Flow is not defined by GAAP and should not be considered in isolation or as an alternative to net income (loss), net cash provided by (used in) operating, investing and financing activities or other financial data prepared in accordance with GAAP or as an indicator of the Company&#8217;s operating performance or liquidity.&nbsp; Free Cash Flow may differ from similarly titled measures presented by other companies.<\/p>\n<p\/>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p>SOURCE  Realogy Holdings Corp.<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY79872&amp;Transmission_Id=201705040744PR_NEWS_USPR_____NY79872&amp;DateId=20170504\" style=\"border:0px; width:1px; height:1px;\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MADISON, N.J., May&nbsp;4, 2017 \/PRNewswire\/ &#8212;&nbsp;Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today reported financial results for the first quarter ended March&nbsp;31, 2017, including the following highlights: Revenue was $1.20 billion, an increase of 6% as compared with the first quarter in 2016, driven by [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-11977","post","type-post","status-publish","format-standard","hentry","category-financial"],"_links":{"self":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/comments?post=11977"}],"version-history":[{"count":0,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11977\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/media?parent=11977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/categories?post=11977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/tags?post=11977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}