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BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em } .prngen9{ BORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em } .prngen24{ BORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em } .prngen25{ BORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 2pt double; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em } .prngen26{ BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.67em } .prngen2{ BORDER-TOP:0pt; BORDER-RIGHT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt; BORDER-LEFT:0pt } .prngen20{ BORDER-TOP:black 1pt solid; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 2pt double; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em } .prngen15{ BORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em } .prnml40{ MARGIN-LEFT:3.33em; MARGIN-TOP:0em; MARGIN-BOTTOM:0em } .prnpr6{ PADDING-RIGHT:0.50em } .prntac{ TEXT-ALIGN: CENTER } .prnvab{ VERTICAL-ALIGN: BOTTOM } .prnml30{ MARGIN-LEFT:2.50em; MARGIN-TOP:0em; MARGIN-BOTTOM:0em } .prnsblb0{ BORDER-LEFT:black 0pt } .prnrbrb0{ BORDER-RIGHT:black 0pt } .prntal{ TEXT-ALIGN: LEFT } .prnpr8{ PADDING-RIGHT:0.67em } .prnml20{ MARGIN-LEFT:1.67em; MARGIN-TOP:0em; MARGIN-BOTTOM:0em } .prnsbtb0{ BORDER-TOP:black 0pt } .prntblns{ BORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt } .prnml10{ MARGIN-LEFT:0.83em; MARGIN-TOP:0em; MARGIN-BOTTOM:0em } .prnsbbs{ BORDER-BOTTOM:black 1pt solid } .prnpl6{ PADDING-LEFT:0.50em } </style> <p><span class="xn-location">MADISON, N.J.</span>, <span class="xn-chron">Oct. 28, 2021</span> /PRNewswire/ -- 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 quarter ended September 30, 2021.</p> <div id="prni_dvprnejpgff4cleft" style="WIDTH: 100%; TEXT-ALIGN: left" dir="ltr"><img id="prnejpgff4cleft" title="Realogy_2021_Logo" style="WIDTH: 400px" border="0" alt="Realogy_2021_Logo" align="middle" src="https://mma.prnewswire.com/media/1672050/Realogy_2021_Logo.jpg" imagelabel="General"/></div><p>&quot;Realogy delivered powerful third quarter results with terrific top- and bottom-line performance, market share gains for the fifth consecutive quarter, impressive free cash flow, and an even stronger capital structure,&quot; said <span class="xn-person">Ryan Schneider</span>, Realogy's chief executive officer and president. &quot;We are excited by our strategic progress throughout 2021, especially across Realogy's market-leading luxury positions, differentiated RealSure venture, and continued technology innovation as we proactively transform the future of real estate.&quot; </p> <p>&quot;In the third quarter, Realogy drove excellent financial performance, delivering <span class="xn-money">$273 million</span> in Operating EBITDA and generating <span class="xn-money">$282 million</span> of free cash flow, as we significantly strengthened our capital structure,&quot; said <span class="xn-person">Charlotte Simonelli</span>, Realogy's executive vice president, chief financial officer, and treasurer. &quot;Realogy is making incredible progress, proactively repaying <span class="xn-money">$435 million</span> of debt in September, consistently delivering quality financial results, and strategically investing to unlock additional value for shareholders.&quot;</p> <p><b>Third Quarter 2021 Highlights</b></p> <ul type="disc"><li>Generated Revenue of <span class="xn-money">$2.2 billion</span>, an increase of 15% or <span class="xn-money">$277 million</span> year-over-year. </li><li>Reported Net income of <span class="xn-money">$114 million</span> and basic earnings per share of <span class="xn-money">$0.98</span>, an increase of <span class="xn-money">$16 million</span> or <span class="xn-money">$0.13</span> per share vs. prior year. </li><li>Generated Operating EBITDA of <span class="xn-money">$273 million</span>, a decrease of <span class="xn-money">$40 million</span> year-over-year. The third quarter of 2020 included approximately <span class="xn-money">$40 million</span> in temporary cost savings (See Table 5a). </li><li>Net Debt Leverage Ratio of 2.3x and Senior Secured Leverage Ratio of negative 0.27x at <span class="xn-chron">September 30, 2021</span> (<span class="xn-person">See Tables</span> 8a and <span class="xn-money">8b</span>). </li><li>Repaid <span class="xn-money">$435 million</span> of debt, including all outstanding Term Loan B and the non-extended portion of the Term Loan A. </li><li>Reported Free Cash Flow of <span class="xn-money">$282 million</span> in the third quarter of 2021 and <span class="xn-money">$458 million</span> year to date <span class="xn-chron">September 30, 2021</span> (See Table 7). </li><li>Combined closed transaction volume increased 12% year-over-year in the third quarter of 2021 driving market share gains for the fifth consecutive quarter. Our transaction volume growth was above the 9% year-over-year market volume growth reported by the National Association of Realtors (NAR). </li><li>Owned Brokerage agent count grew 5% year-over-year, with growth for the 5th consecutive quarter, and continued to maintain strong retention levels. </li><li>Strong cost management with <span class="xn-money">$80 million</span> in permanent cost savings expected in 2021 with actions taken for approximately 90% of the target savings and <span class="xn-money">$70 million</span> realized in the income statement through <span class="xn-chron">September 30, 2021</span>.</li></ul><p><b>Third Quarter 2021 Financial Highlights<br/></b>The following table sets forth Realogy's financial highlights for the periods presented (in millions, except per share data) (unaudited):</p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="14" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended September 30,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b> Change</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="2" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>% Change</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Revenue</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">2,186</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">1,909</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">277</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Operating EBITDA ¹</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">273</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">313</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(40)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(13)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net income attributable to Realogy</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">114</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">98</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">16</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">16</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Adjusted net income ²</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">119</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">162</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(43)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(27)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Earnings per share</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.98</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.85</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.13</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Adjusted earnings per share ²</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1.02</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1.40</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(0.38)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(27)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Free Cash Flow ³</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">282</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">395</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(113)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(29)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net cash provided by operating activities</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">303</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">385</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(82)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(21)</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Select Key Drivers</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Realogy Franchise Group ^{4 5}</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Closed homesale sides</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">316,195</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">336,737</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(6)</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average homesale price</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">427,052</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">367,095</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">16</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Realogy Brokerage Group ⁵</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Closed homesale sides</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">101,536</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">101,890</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average homesale price</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">662,006</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">563,513</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">17</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Realogy Title Group</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Purchase title and closing units</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">47,004</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">45,788</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Refinance title and closing units</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">12,836</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">18,387</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(30)</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr></table></div><div><table id="convertedTable52f1" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td class="prngen14"><p class="prnews_p"><span class="prnews_span">_______________</span></p> </td></tr><tr><td class="prngen14"><p class="prnews_p"><span class="prnews_span"><b>Footnotes:</b></span></p> </td></tr><tr><td class="prngen14"><p class="prnews_p"><span class="prnews_span">¹  See Tables 5a and 5b. Operating EBITDA is defined as net income (loss) before depreciation and amortization, interest expense, net (other than relocation services interest for securitization assets and securitization obligations), income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, gains or losses on the early extinguishment of debt, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets.</span></p> </td></tr><tr><td class="prngen14"><p class="prnews_p"><span class="prnews_span">²  See Table 1a. Adjusted Net income (loss) is defined as net income (loss) before mark-to-market interest rate swap adjustments, former parent legacy items, restructuring charges, (gain) loss on the early extinguishment of debt, impairments and the tax effect of the foregoing adjustments. Adjusted earnings (loss) per share is Adjusted net income (loss) divided by the weighted average common and common equivalent shares outstanding.</span></p> </td></tr><tr><td class="prngen14"><p class="prnews_p"><span class="prnews_span">³See Table 7. Free Cash Flow is defined as net income (loss) attributable to Realogy before income tax expense (benefit), net of payments, net interest expense, cash interest payments, depreciation and amortization, capital expenditures, restructuring costs and former parent legacy costs (benefits), net of payments, impairments, (gain) loss on the early extinguishment of debt, working capital adjustments and relocation receivables (assets), net of change in securitization obligations.</span></p> </td></tr><tr><td class="prngen14"><p class="prnews_p"><span class="prnews_span">⁴Includes all franchisees except for Realogy Brokerage Group.</span></p> </td></tr><tr><td class="prngen14"><p class="prnews_p"><span class="prnews_span">⁵The Company's combined homesale transaction volume growth (transaction sides multiplied by average sale price) increased 12% compared with the third quarter of 2020.</span></p> </td></tr></table></div><p><b>Balance Sheet and Capital Allocation<br/></b>The Company ended the third quarter of 2021 with cash and cash equivalents of <span class="xn-money">$701 million</span>*. Total corporate debt, including the short-term portion, net of cash and cash equivalents (net corporate debt), totaled <span class="xn-money">$2.4 billion</span> at September 30, 2021. The Company's Net Debt Leverage Ratio was 2.3x at September 30, 2021 (see Table <span class="xn-money">8b</span>). </p> <p>On <span class="xn-chron">September 16, 2021</span>, we used cash on hand to repay an aggregate of <span class="xn-money">$435 million</span> of secured debt which included approximately <span class="xn-money">$197 million</span> in principal amount of outstanding borrowings under the Term Loan A Facility (representing all of the remaining Non-Extended Term Loan A) and approximately <span class="xn-money">$238 million</span> in principal amount of outstanding borrowings under the Term Loan B Facility (representing all of the remaining Term Loan B).</p> <p>A consolidated balance sheet is included as Table 2 of this press release.</p> <div><table id="convertedTablec89b" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td class="prngen14"><p class="prnews_p"><span class="prnews_span">______________</span></p> </td></tr><tr><td class="prngen14"><p class="prnews_p"><span class="prnews_span">*      excludes restricted cash</span></p> </td></tr></table></div><p><b>Investor Conference Call<br/></b>Today, October 28, at <span class="xn-chron">8:30 a.m. (ET)</span>, Realogy will hold a conference call via webcast to review its Q3 2021 results and provide a business update. The webcast will be hosted by <span class="xn-person">Ryan Schneider</span>, chief executive officer and president, and <span class="xn-person">Charlotte Simonelli</span>, chief financial officer, and will conclude with an investor Q&amp;A period with management.</p> <p>Investors may access the conference call live via webcast at ir.realogy.com or by dialing (833) 646-0499 (toll free); international participants should dial (918) 922-3007. Please dial in at least 5 to 10 minutes prior to start time. A webcast replay also will be available on the website.</p> <p><b>About Realogy Holdings Corp.<br/></b>Realogy (NYSE: RLGY) is moving the real estate industry to what's next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, Realogy supported approximately 1.4 million home transactions in 2020. The company's diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, Realogy fuels the productivity of its approximately 196,600 independent sales agents in the U.S. and approximately 140,800 independent sales agents in 117 other countries and territories, helping them build stronger businesses and best serve today's consumers. Recognized for ten consecutive years as one of the World's Most Ethical Companies, Realogy has also been designated a Great Place to Work four years in a row, named one of LinkedIn's 2021 Top Companies in the U.S., and honored on the Forbes list of World's Best Employers 2021.</p> <p><b>Forward-Looking Statements<br/></b><i>Certain statements in this press release constitute &quot;forward-looking statements.&quot; 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;, &quot;potential&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. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements.</i></p> <p><i>The following include some, but not all, of the factors that could affect our future results and cause actual results to differ materially from those expressed in the forward-looking statements: adverse developments or the absence of sustained improvement in the U.S. residential real estate markets, either regionally or nationally, which could include, but are not limited to factors that could impact homesale transaction volume, such as: continued or accelerated declines in inventory or a decline in the number of home sales, increases in mortgage rates or inflation or tightened mortgage standards, changes in consumer preferences, including weakening in the consumer trends that have benefited us since the second half of 2020, reductions in housing affordability, and stagnant or declining home prices; adverse developments or the absence of sustained improvement in macroeconomic conditions (such as business, economic or political conditions) on a global, domestic or local basis, which could include, but are not limited to economic contraction in the U.S. economy, including the impact of recessions, slow economic growth, or a deterioration in other economic factors (including potential consumer, business or governmental defaults or delinquencies due to the COVID-19 crisis or otherwise) and fiscal and monetary policies of the federal government and its agencies, particularly those that may result in unfavorable changes to the interest rate environment and tax reform; The impact of evolving competitive and consumer dynamics, which could include, but are not limited to: continued erosion of the broker share of the commission income generated by homesale transactions and the continued rise of the sale agent's share of such commissions, our ability to compete against non-traditional competitors, including but not limited to, iBuying and home swap business models and virtual brokerages, in particular those competitors with access to significant third-party capital that may prioritize market share over profitability, and meaningful decreases in the average broker commission rate; adverse impacts from the COVID-19 crisis (due to the impact of virus mutations or otherwise), including amplification of risks to our business and worsening economic consequences of the crisis or the reinstatement of significant limitations on normal business operations; our ability to execute our business strategy and achieve growth, including our efforts to: recruit and retain productive independent sales agents, attract and retain franchisees or renew existing franchise agreements without reducing contractual royalty rates or increasing the amount and prevalence of sales incentives, compete for real estate services business, develop or procure products, services and technology that support our strategic initiatives, realize the expected benefits from our non-exclusive mortgage origination joint venture, our RealSure joint venture, our planned title underwriting joint venture, or from other existing or future strategic partnerships, achieve or maintain a beneficial cost structure or savings and other benefits from our cost-saving initiatives, generate a meaningful number of high-quality leads for independent sales agents and franchisees, complete or integrate acquisitions and joint ventures into our existing operations, or to complete or effectively manage divestitures or other corporate transactions; our geographic and high-end market concentration; the operating results of affiliated franchisees; continued consolidation among our top 250 franchisees; difficulties in the business or changes in the licensing strategy of, or complications in our relationships with, the owners of the two brands we do not own; the loss of our largest real estate benefit program client or multiple significant relocation clients; continued reductions in refinancing activity or corporate relocations or relocation benefits; the failure of third-party vendors or partners to perform as expected or our failure to adequately monitor such third-parties; interruptions in information technology used to operate our business and maintain our competitiveness; increases in mortgage rates, tightened mortgage underwriting standards or reductions in refinancing activity; actions taken by listing aggregators to monetize their concentration and market power; industry structure changes (as a result of new laws, regulations, consent decrees, administrative policies, litigation or other legal action, the rules of multiple listing services or NAR, or otherwise) that disrupt the functioning of the residential real estate market; adverse effects on our operations or liquidity due to our indebtedness, including with respect to: interest obligations and the negative covenant restrictions contained in our debt agreements, our ability to fund our operations, invest in our business or pursue growth opportunities, react to changes in the economy or our industry, or incur additional borrowings under our existing facilities, an event of default under our debt agreements, or our ability to refinance or repay our indebtedness or incur additional indebtedness; risks related to the issuance of our 0.25% Exchangeable Senior Notes and exchangeable note hedge and warrant transactions, including counterparty risk with respect to the exchangeable note hedge transactions; our failure or alleged failure to comply with laws, regulations and regulatory interpretations and any changes or stricter interpretations of any of the foregoing (whether through private litigation or governmental action), including but not limited to: (1) state or federal employment laws or regulations that would require reclassification of independent contractor sales agents to employee status, (2) privacy or data security laws and regulations, (3) the Real Estate Settlement Procedures Act (&quot;RESPA&quot;) or other federal or state consumer protection or similar laws, and (4) antitrust laws and regulations; cybersecurity incidents; impairment of our goodwill and other long-lived assets; and severe weather events or natural disasters, including increasing severity or frequency of such events due to climate change or otherwise, or other catastrophic events, including public health crises, such as pandemics and epidemics. 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 on Form 10-Q for the quarters ended <span class="xn-chron">March 31, 2021</span> and <span class="xn-chron">June 30, 2021</span> and our Annual Report on Form 10-K for the year ended <span class="xn-chron">December 31, 2020</span>, 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. 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 except as required by law.</i></p> <p><b><i>Non-GAAP Financial Measures<br/></i></b><i>This release includes certain non-GAAP financial measures as defined under SEC rules. As required by SEC rules, important information regarding such measures is contained in the Tables attached to this release. <span class="xn-person">See Tables</span> 1a, 8a, <span class="xn-money">8b</span> and 9 for definitions of these non-GAAP financial measures and Tables 1a, 5a, <span class="xn-money">5b</span>, 6a, <span class="xn-money">6b</span>, 7, 8a and <span class="xn-money">8b</span> for reconciliations of the historical non-GAAP financial measures to their most comparable GAAP terms.</i></p> <p><i>NAR data referenced herein is based on NAR's most recent public estimates, which are subject to review and revision. Factors that may impact the comparability of the Company's homesale statistics to NAR are outlined in the Company's Quarterly Report on Form 10-Q for the quarters ended <span class="xn-chron">March 31, 2021</span> and <span class="xn-chron">June 30, 2021</span> and its Annual Report on Form 10-K for the year ended <span class="xn-chron">December 31, 2020</span>.</i></p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Investor Contacts:</b></span></p> </td><td class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Media Contacts:</b></span></p> </td></tr><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span">Alicia Swift</span></p> </td><td class="prngen9"><p class="prnews_p"><span class="prnews_span">Trey Sarten</span></p> </td></tr><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span">(973) 407-4669</span></p> </td><td class="prngen9"><p class="prnews_p"><span class="prnews_span">(973) 407-2162</span></p> </td></tr><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span"><a target="_blank" href="mailto:alicia.swift@realogy.com" class="prnews_a" rel="nofollow">alicia.swift@realogy.com</a> </span></p> </td><td class="prngen9"><p class="prnews_p"><span class="prnews_span"><a target="_blank" href="mailto:trey.sarten@realogy.com" class="prnews_a" rel="nofollow">trey.sarten@realogy.com</a> </span></p> </td></tr><tr><td class="prngen9"><br/></td><td class="prngen9"><br/></td></tr><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span">Danielle Kloeblen</span></p> </td><td class="prngen9"><p class="prnews_p"><span class="prnews_span">Gabriella Chiera</span></p> </td></tr><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span">(973) 407-2148</span></p> </td><td class="prngen9"><p class="prnews_p"><span class="prnews_span">(973) 407-5236</span></p> </td></tr><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span"><a target="_blank" href="mailto:danielle.kloeblen@realogy.com" class="prnews_a" rel="nofollow">danielle.kloeblen@realogy.com</a> </span></p> </td><td class="prngen9"><p class="prnews_p"><span class="prnews_span"><a target="_blank" href="mailto:Gabriella.Chiera@realogy.com" class="prnews_a" rel="nofollow">Gabriella.Chiera@realogy.com</a> </span></p> </td></tr></table></div><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Table 1</b></span></p> </td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>REALOGY HOLDINGS CORP.</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(In millions, except per share data)</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(Unaudited)</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended </b><br/><b>September 30,</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Nine Months Ended</b><br/><b> September 30,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Revenues</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Gross commission income</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,689</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,458</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">4,616</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3,227</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Service revenue</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">315</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">281</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">878</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">702</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Franchise fees</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">139</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">133</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">391</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">289</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Other</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">43</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">37</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">124</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">114</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net revenues</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">2,186</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,909</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">6,009</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">4,332</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Expenses</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Commission and other agent-related costs</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,309</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,105</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3,567</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2,420</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Operating</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">424</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">380</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,230</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,068</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Marketing</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">69</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">55</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">193</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">155</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">General and administrative</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">120</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">108</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">324</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">265</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Former parent legacy cost, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Restructuring costs, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">4</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">17</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">14</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">47</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Impairments</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">70</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">610</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Depreciation and amortization</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">50</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">43</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">152</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">134</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Interest expense, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">52</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">48</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">147</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">208</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Loss on the early extinguishment of debt</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">21</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Other loss (income), net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(17)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Total expenses</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">2,033</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,827</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">5,635</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">4,916</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Income (loss) before income taxes, equity in earnings and <br/>   noncontrolling interests</b></span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">153</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">82</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">374</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(584)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Income tax expense (benefit)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">48</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">36</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">125</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(110)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Equity in earnings of unconsolidated entities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(11)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(53)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(52)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(98)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net income (loss)</b></span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">116</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">99</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">301</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(376)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Less: Net income attributable to noncontrolling interests</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(2)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(1)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(5)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(2)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net income (loss) attributable to Realogy Holdings</b></span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">114</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">98</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">296</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">(378)</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Earnings (loss) per share attributable to Realogy Holdings shareholders:</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Basic earnings (loss) per share</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.98</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.85</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2.55</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(3.28)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Diluted earnings (loss) per share</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.95</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.84</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2.46</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(3.28)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Weighted average common and common equivalent shares of Realogy Holdings outstanding:</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Basic</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">116.6</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">115.4</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">116.3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">115.2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Diluted</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">120.3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">116.7</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">120.2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">115.2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr></table></div><p> </p> <br/><p><b>Table 1a</b></p> <p class="prntac"><b>REALOGY HOLDINGS CORP.<br/></b><b>NON-GAAP RECONCILIATION<br/></b><b>ADJUSTED NET INCOME AND ADJUSTED EARNINGS PER SHARE<br/></b><b>(In millions, except per share data)</b></p> <p>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 provide greater transparency into our operating results.</p> <p>Adjusted net income (loss) is defined by us as net income (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 as a result of initiatives currently in progress; (d) impairments; (e) the (gain) loss on the early extinguishment of debt that results from refinancing and deleveraging debt initiatives and (f) the tax effect of the foregoing adjustments.  The gross amounts for these items as well as the adjustment for income taxes are shown in the table below.  </p> <p>Adjusted earnings (loss) per share is Adjusted net income (loss) divided by the weighted average common and common equivalent shares outstanding.</p> <p>Set forth in the table below is a reconciliation of Net income (loss) to Adjusted net income for the three and nine months ended September 30, 2021 and 2020:</p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended <br/>September 30,</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Nine Months Ended <br/>September 30,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net income (loss) attributable to Realogy Holdings</b></span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">114</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">98</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">296</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">(378)</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Addback:</span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Mark-to-market interest rate swap losses</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(1)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(8)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">59</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Former parent legacy cost, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Restructuring costs, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">4</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">17</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">14</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">47</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Impairments (a)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">70</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">610</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Loss on the early extinguishment of debt</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">21</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Adjustments for tax effect (b)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(2)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(24)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(8)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(196)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Adjusted net income attributable to Realogy Holdings</b></span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">119</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">162</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">319</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">151</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Earnings (loss) per share attributable to Realogy Holdings:</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Basic earnings (loss) per share:</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.98</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.85</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2.55</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(3.28)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Diluted earnings (loss) per share:</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.95</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.84</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2.46</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(3.28)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="8" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Adjusted earnings per share attributable to Realogy Holdings:</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Adjusted basic earnings per share:</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1.02</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1.40</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2.74</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1.31</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Adjusted diluted earnings per share:</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.99</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1.39</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2.65</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1.31</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="8" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Weighted average common and common equivalent shares outstanding:</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Basic:</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">116.6</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">115.4</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">116.3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">115.2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Diluted:</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">120.3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">116.7</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">120.2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">115.2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr></table></div><div><table id="convertedTable9807" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td class="prngen14"><br/></td><td colspan="2" class="prngen14"><br/></td></tr><tr><td colspan="3" class="prngen23"><p class="prnews_p"><span class="prnews_span">_______________</span></p> </td></tr><tr><td class="prngen14"><p class="prnews_p"><span class="prnews_span">(a) </span></p> </td><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">Non-cash impairments for the nine months ended September 30, 2020 primarily include:</span></p> </td></tr><tr><td class="prngen23"><br/></td><td class="prngen23"><p class="prnews_p"><span class="prnews_span">•    </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">a goodwill impairment charge of $413 million related to Realogy Brokerage Group;</span></p> </td></tr><tr><td class="prngen23"><br/></td><td class="prngen23"><p class="prnews_p"><span class="prnews_span">• </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">an impairment charge of $30 million related to Realogy Franchise Group's trademarks; and</span></p> </td></tr><tr><td class="prngen23"><br/></td><td class="prngen23"><p class="prnews_p"><span class="prnews_span">•  </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">$133 million of impairment charges during the nine months ended September 30, 2020 (while Cartus Relocation Services was held for sale) to reduce the net assets to the estimated proceeds.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(b) </span></p> </td><td colspan="2" class="prngen23"><p class="prnews_p"><span class="prnews_span">Reflects tax effect of adjustments at the Company's blended state and federal statutory rate.</span></p> </td></tr></table></div><br/><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="8" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Table 2</b></span></p> </td></tr><tr><td colspan="8" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="8" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>REALOGY HOLDINGS CORP.</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>CONDENSED CONSOLIDATED BALANCE SHEETS</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(In millions, except share data)</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(Unaudited)</b></span></p> </td></tr><tr><td colspan="8" nowrap="nowrap" class="prngen5"><br/></td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>September 30,</b><br/><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>December 31,</b><br/><b>2020</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>ASSETS</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Current assets:</span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Cash and cash equivalents</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">701</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">520</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Restricted cash</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">5</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Trade receivables (net of allowance for doubtful accounts of $11 and $13)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">140</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">128</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Relocation receivables</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">185</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">139</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Other current assets</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">194</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">154</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml40"><span class="prnews_span">Total current assets</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,225</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">944</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Property and equipment, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">302</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">317</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Operating lease assets, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">448</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">450</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Goodwill</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2,899</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2,910</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Trademarks</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">685</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">685</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Franchise agreements, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,038</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,088</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Other intangibles, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">175</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">188</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Other non-current assets</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">421</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">352</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Total assets</b></span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">7,193</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">6,934</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>LIABILITIES AND EQUITY</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Current liabilities:</span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Accounts payable</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">125</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">128</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Securitization obligations</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">146</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">106</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Current portion of long-term debt</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">9</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">62</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Current portion of operating lease liabilities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">126</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">129</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Accrued expenses and other current liabilities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">661</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">600</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml40"><span class="prnews_span">Total current liabilities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,067</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,025</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Long-term debt</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2,938</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3,145</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Long-term operating lease liabilities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">418</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">430</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Deferred income taxes</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">353</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">276</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Other non-current liabilities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">289</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">291</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Total liabilities</b></span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">5,065</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">5,167</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Commitments and contingencies</span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Equity:</span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Realogy Holdings preferred stock: $0.01 par value; 50,000,000 shares authorized, none <br/>issued and outstanding at September 30, 2021 and December 31, 2020</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Realogy Holdings common stock: $0.01 par value; 400,000,000 shares authorized, <br/>116,586,201 shares issued and outstanding at September 30, 2021 and 115,457,067<br/>shares issued and outstanding at December 31, 2020</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Additional paid-in capital</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">4,939</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">4,876</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Accumulated deficit</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(2,759)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(3,055)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Accumulated other comprehensive loss</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(58)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(59)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml40"><span class="prnews_span">Total stockholders' equity</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">2,123</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,763</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Noncontrolling interests</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">5</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">4</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Total equity</b></span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">2,128</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,767</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Total liabilities and equity</b></span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">7,193</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">6,934</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr></table></div><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="8" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Table 3</b></span></p> </td></tr><tr><td colspan="8" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="8" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>REALOGY HOLDINGS CORP.</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(In millions)</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(Unaudited)</b></span></p> </td></tr><tr><td colspan="8" class="prngen3"><br/></td></tr><tr><td colspan="8" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Nine Months Ended <br/>September 30,</b></span></p> </td></tr><tr><td class="prngen5"><br/></td><td colspan="3" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td class="prngen5"><br/></td><td colspan="3" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Operating Activities</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net income (loss)</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">301</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(376)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="4" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Adjustments to reconcile net income (loss) to net cash provided by operating activities:</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Depreciation and amortization</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">152</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">134</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Deferred income taxes</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">76</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(112)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Impairments</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">610</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Amortization of deferred financing costs and debt discount (premium)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">12</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Loss on the early extinguishment of debt</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">21</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Gain on the sale of business, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(14)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Equity in earnings of unconsolidated entities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(52)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(98)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Stock-based compensation</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">21</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">19</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Mark-to-market adjustments on derivatives</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(8)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">59</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Other adjustments to net income (loss)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(2)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(1)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:</span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Trade receivables</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(13)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(24)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Relocation receivables</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(46)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Other assets</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(12)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Accounts payable, accrued expenses and other liabilities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">32</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">137</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Dividends received from unconsolidated entities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">49</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">59</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Other, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(31)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(22)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net cash provided by operating activities</b></span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">489</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">418</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Investing Activities</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Property and equipment additions</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(71)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(69)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Proceeds from the sale of business</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Investment in unconsolidated entities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(7)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(2)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Other, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(5)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(13)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net cash used in investing activities</b></span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(68)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(84)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Financing Activities</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net change in Revolving Credit Facility</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(50)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Repayments of Term Loan A Facility and Term Loan B Facility</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(1,490)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Proceeds from issuance of Senior Notes</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">905</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Proceeds from issuance of Senior Secured Second Lien Notes</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">550</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Redemption of Senior Notes</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(550)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Proceeds from issuance of Exchangeable Senior Notes</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">403</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Payments for purchase of Exchangeable Senior Notes hedge transactions</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(67)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Proceeds from issuance of Exchangeable Senior Notes warrant transactions</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">46</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Amortization payments on term loan facilities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(8)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(31)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net change in securitization obligations</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">40</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(62)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Debt issuance costs</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(20)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(14)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Cash paid for fees associated with early extinguishment of debt</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(11)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(7)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Taxes paid related to net share settlement for stock-based compensation</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(9)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(5)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Other, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(27)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(34)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net cash used in financing activities</b></span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(238)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(203)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Effect of changes in exchange rates on cash, cash equivalents and restricted cash</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net increase in cash, cash equivalents and restricted cash</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">183</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">131</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Cash, cash equivalents and restricted cash, beginning of period</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">523</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">266</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Cash, cash equivalents and restricted cash, end of period</b></span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">706</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">397</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Supplemental Disclosure of Cash Flow Information</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Interest payments (including securitization interest of $3 and $4 respectively)</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">121</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">133</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Income tax payments (refunds), net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">32</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(9)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr></table></div><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="22" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Table 4a</b></span></p> </td></tr><tr><td colspan="22" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="22" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>REALOGY HOLDINGS CORP.</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>2021 vs. 2020 KEY DRIVERS</b></span></p> </td></tr><tr><td colspan="22" nowrap="nowrap" class="prngen5"><br/></td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="10" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended September 30,</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="10" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Nine Months Ended September 30,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="2" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>% Change</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="2" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>% Change</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Realogy Franchise Group (a)</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Closed homesale sides</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">316,195</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">336,737</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(6)</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">881,356</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">778,010</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">13</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average homesale price</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">427,052</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">367,095</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">16</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">419,223</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">341,427</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">23</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average homesale broker commission rate</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.44</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.48</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(4)</span></p> </td><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"> bps</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.46</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.48</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(2)</span></p> </td><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"> bps</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net royalty per side</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">401</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">367</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">9</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">402</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">341</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">18</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Realogy Brokerage Group</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Closed homesale sides</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">101,536</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">101,890</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">280,474</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">235,806</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">19</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average homesale price</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">662,006</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">563,513</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">17</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">654,113</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">537,602</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">22</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average homesale broker commission rate</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.42</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.44</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(2)</span></p> </td><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"> bps</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.43</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.43</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"> bps</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Gross commission income per side</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">16,633</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">14,315</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">16</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">16,457</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">13,685</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">20</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Realogy Title Group</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Purchase title and closing units</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">47,004</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">45,788</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">128,207</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">106,540</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">20</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Refinance title and closing units</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">12,836</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">18,387</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(30)</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">47,775</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">44,834</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">7</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average fee per closing unit</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2,675</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2,239</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">19</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2,524</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2,189</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr></table></div><div><table id="convertedTable5fac" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td colspan="2" class="prngen14"><br/></td></tr><tr><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">_______________</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span"><b>(a) </b></span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Includes all franchisees except for Realogy Brokerage Group.</span></p> </td></tr></table></div><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="21" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Table 4b</b></span></p> </td></tr><tr><td colspan="21" nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td colspan="21" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>REALOGY HOLDINGS CORP.</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>2020 KEY DRIVERS</b></span></p> </td></tr><tr><td colspan="21" nowrap="nowrap" class="prngen4"><br/></td></tr><tr><td nowrap="nowrap" class="prngen4"><br/></td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="15" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Quarter Ended</b></span></p> </td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Year Ended</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen4"><br/></td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>March 31,</b><br/><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen24"><br/></td><td colspan="3" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>June 30,</b><br/><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen24"><br/></td><td colspan="3" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>September 30,</b><br/><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen24"><br/></td><td colspan="3" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>December 31,</b><br/><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>December 31,</b><br/><b>2020</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Realogy Franchise Group (a)</b></span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Closed homesale sides</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">203,188</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">238,085</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">336,737</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">312,335</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">1,090,345</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average homesale price</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">322,465</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">321,308</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">367,095</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">389,555</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">355,214</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average homesale broker commission rate</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.47</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.49</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.48</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.46</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.48</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net royalty per side</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">316</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">324</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">367</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">383</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">353</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Realogy Brokerage Group</b></span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Closed homesale sides</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">62,541</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">71,375</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">101,890</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">97,930</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">333,736</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average homesale price</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">533,813</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">503,935</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">563,513</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">590,351</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">553,081</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average homesale broker commission rate</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.41</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.43</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.44</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.42</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2.43</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Gross commission income per side</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">13,597</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">12,863</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">14,315</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">14,725</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">13,990</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Realogy Title Group</b></span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Purchase title and closing units</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">28,724</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">32,028</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">45,788</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">42,586</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">149,126</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Refinance title and closing units</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">8,899</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">17,548</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">18,387</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">20,490</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">65,324</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Average fee per closing unit</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2,269</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2,062</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2,239</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2,272</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2,213</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr></table></div><div><table id="convertedTablec4a6" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td colspan="2" class="prngen14"><br/></td></tr><tr><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">_______________</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(a) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Includes all franchisees except for Realogy Brokerage Group.</span></p> </td></tr></table></div><br/><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="8" class="prngen13"><p class="prnews_p"><span class="prnews_span"><b>Table 5a</b></span></p> </td></tr><tr><td colspan="8" class="prngen11"><br/></td></tr><tr><td colspan="8" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>REALOGY HOLDINGS CORP.</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>NON-GAAP RECONCILIATION - OPERATING EBITDA</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>THREE MONTHS ENDED SEPTEMBER 30, 2021 AND 2020 </b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(In millions)</b></span></p> </td></tr><tr><td colspan="8" class="prngen11"><br/></td></tr><tr><td colspan="8" class="prngen13"><p class="prnews_p"><span class="prnews_span">Set forth in the tables below is a reconciliation of Net income attributable to Realogy Holdings to Operating EBITDA for the three-month periods ended September 30, 2021 and 2020:</span></p> </td></tr><tr><td colspan="8" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="7" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended September 30,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen24"><br/></td><td colspan="3" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net income attributable to Realogy Holdings</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">114</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">98</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Income tax expense</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">48</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">36</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Income before income taxes</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">162</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">134</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Add:  Depreciation and amortization</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">50</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">43</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Interest expense, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">52</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">48</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Restructuring costs, net (a)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">4</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">17</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Impairments (b)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">70</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Former parent legacy cost, net (c)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Loss on the early extinguishment of debt (c)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Loss on the sale of business, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Operating EBITDA</span></p> </td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">273</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">313</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td></tr></table></div><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="39" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">The following table reflects Revenue, Operating EBITDA and Operating EBITDA margin by reportable segments:</span></p> </td></tr><tr><td colspan="39" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Revenues (d)</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>$ <br/>Change</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>%</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Operating <br/>EBITDA</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>$ <br/>Change</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>% <br/>Change</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="5" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Operating<br/>EBITDA Margin</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td nowrap="nowrap" class="prngen5"><br/></td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="2" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="2" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise Group</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">342</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">314</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">28</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">9</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">211</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">200</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">11</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">6</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">62</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">64</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(2)</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Brokerage Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,705</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,479</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">226</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">51</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">61</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(10)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(16)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">4</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(1)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Title Group (e)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">250</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">213</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">37</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">17</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">54</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">95</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(41)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(43)</span></p> </td><td class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">22</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">45</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(23)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Corporate and Other</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(111)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(97)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(14)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">*</span></p> </td><td class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(43)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(43)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">*</span></p> </td><td class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Total Company</span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">2,186</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">1,909</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">277</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">273</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">313</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">(40)</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(13)</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">12</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">16</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(4)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr></table></div><br/><div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="39" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="39" class="prngen9"><p class="prnews_p"><span class="prnews_span">The following table reflects Realogy Franchise and Brokerage Groups' results before intercompany royalties and marketing fees, as well as on a combined basis to show the Operating EBITDA contribution of these business segments to the overall Operating EBITDA of the Company:</span></p> </td></tr><tr><td colspan="39" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Revenues</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>$</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>%</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>Operating <br/>EBITDA</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>$</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>%</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="5" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Operating <br/>EBITDA Margin</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td nowrap="nowrap" class="prngen5"><br/></td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="2" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="2" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise Group (f)</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">231</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">217</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">14</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">6</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">100</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">103</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">(3)</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(3)</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">43</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">47</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(4)</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Brokerage Group (f)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,705</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,479</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">226</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">162</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">158</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">4</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">10</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">11</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(1)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise and Brokerage Groups Combined</span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">1,936</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">1,696</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">240</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">14</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">262</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">261</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">14</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(1)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr></table></div><div><table id="convertedTable32c7" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td colspan="2" class="prngen14"><br/></td></tr><tr><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">_______________</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">* </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">not meaningful.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(a)  </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Restructuring charges incurred for the three months ended September 30, 2021 include $1 million at Realogy Franchise Group, $2 million at Realogy Brokerage Group and $1 million at Corporate and Other.  Restructuring charges incurred for the three months ended September 30, 2020 include $4 million at Realogy Franchise Group, $11 million at Realogy Brokerage Group and $2 million at Corporate and Other.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(b) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Non-cash impairments for the three months ended September 30, 2021 primarily relate to software impairments.  Non-cash impairments for the three months ended September 30, 2020 include $59 million of impairment charges during the three months ended September 30, 2020 (while Cartus Relocation Services was held for sale) to reduce the net assets to the estimated proceeds and other asset impairments of $11 million primarily related to lease asset impairments.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(c) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Former parent legacy items and Loss on the early extinguishment of debt are recorded in Corporate and Other.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(d) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Includes the elimination of transactions between segments, which consists of intercompany royalties and marketing fees paid by Realogy Brokerage Group of $111 million and $97 million during the three months ended September 30, 2021 and 2020, respectively.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(e)  </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Realogy Title Group (RTG) includes our title, escrow and settlement services (title agency), title insurance underwriter and mortgage origination joint venture businesses.  The title agency and title insurance underwriter businesses represented approximately 60% and 40%, respectively, of RTG's net revenues for the three-month period ended September 30, 2021.  Excluding the mortgage origination joint venture from Operating EBITDA, title agency and title insurance underwriter represented approximately 60% and 40%, respectively of Operating EBITDA for the three-months ended September 30, 2021.  The year-over-year decline in Operating EBITDA contribution from the mortgage origination joint venture, from $11 million for the three-months ended September 30, 2021 compared to $51 million for the three-months ended September 30, 2020, was primarily driven by the impact of mark-to-market adjustments on the mortgage loan pipeline, as well as gain-on-sale margin compression and a decline in refinance volumes, partially offset by strong purchase volume growth.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(f) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">The segment numbers noted above do not reflect the impact of intercompany royalties and marketing fees paid by Realogy Brokerage Group to Realogy Franchise Group of $111 million and $97 million during the three months ended September 30, 2021 and 2020, respectively.</span></p> </td></tr></table></div><br/><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="8" class="prngen13"><p class="prnews_p"><span class="prnews_span"><b>Table 5b</b></span></p> </td></tr><tr><td colspan="8" class="prngen3"><br/></td></tr><tr><td colspan="8" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>REALOGY HOLDINGS CORP.</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>NON-GAAP RECONCILIATION - OPERATING EBITDA</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>NINE MONTHS ENDED SEPTEMBER 30, 2021 AND 2020 </b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(In millions)</b></span></p> </td></tr><tr><td colspan="8" class="prngen3"><br/></td></tr><tr><td colspan="8" class="prngen13"><p class="prnews_p"><span class="prnews_span">Set forth in the tables below is a reconciliation of Net income (loss) attributable to Realogy Holdings to Operating EBITDA for the nine-month periods ended September 30, 2021 and 2020:</span></p> </td></tr><tr><td colspan="8" class="prngen3"><br/></td></tr><tr><td class="prngen3"><br/></td><td colspan="7" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Nine Months Ended September 30,</b></span></p> </td></tr><tr><td class="prngen5"><br/></td><td colspan="3" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td class="prngen7"><br/></td><td colspan="3" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td></tr><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span">Net income (loss) attributable to Realogy Holdings</span></p> </td><td class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td class="prngen10"><p class="prnews_p"><span class="prnews_span">296</span></p> </td><td class="prngen10"><br/></td><td class="prngen3"><br/></td><td class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td class="prngen22"><p class="prnews_p"><span class="prnews_span">(378)</span></p> </td><td class="prngen10"><br/></td></tr><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span">Income tax expense (benefit)</span></p> </td><td colspan="2" class="prngen17"><p class="prnews_p"><span class="prnews_span">125</span></p> </td><td class="prngen17"><br/></td><td class="prngen3"><br/></td><td colspan="2" class="prngen18"><p class="prnews_p"><span class="prnews_span">(110)</span></p> </td><td class="prngen17"><br/></td></tr><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span">Income (loss) before income taxes</span></p> </td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">421</span></p> </td><td class="prngen3"><br/></td><td class="prngen3"><br/></td><td colspan="2" class="prngen11"><p class="prnews_p"><span class="prnews_span">(488)</span></p> </td><td class="prngen3"><br/></td></tr><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span">Add:  Depreciation and amortization</span></p> </td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">152</span></p> </td><td class="prngen3"><br/></td><td class="prngen3"><br/></td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">134</span></p> </td><td class="prngen3"><br/></td></tr><tr><td class="prngen9"><p class="prnml30"><span class="prnews_span">Interest expense, net</span></p> </td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">147</span></p> </td><td class="prngen3"><br/></td><td class="prngen3"><br/></td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">208</span></p> </td><td class="prngen3"><br/></td></tr><tr><td class="prngen9"><p class="prnml30"><span class="prnews_span">Restructuring costs, net (a)</span></p> </td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">14</span></p> </td><td class="prngen3"><br/></td><td class="prngen3"><br/></td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">47</span></p> </td><td class="prngen3"><br/></td></tr><tr><td class="prngen9"><p class="prnml30"><span class="prnews_span">Impairments (b)</span></p> </td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td class="prngen3"><br/></td><td class="prngen3"><br/></td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">610</span></p> </td><td class="prngen3"><br/></td></tr><tr><td class="prngen9"><p class="prnml30"><span class="prnews_span">Former parent legacy cost, net (c)</span></p> </td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td class="prngen3"><br/></td><td class="prngen3"><br/></td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td class="prngen3"><br/></td></tr><tr><td class="prngen9"><p class="prnml30"><span class="prnews_span">Loss on the early extinguishment of debt (c)</span></p> </td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">21</span></p> </td><td class="prngen3"><br/></td><td class="prngen3"><br/></td><td colspan="2" class="prngen3"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td class="prngen3"><br/></td></tr><tr><td class="prngen9"><p class="prnml30"><span class="prnews_span">Gain on the sale of business, net (d)</span></p> </td><td colspan="2" class="prngen18"><p class="prnews_p"><span class="prnews_span">(14)</span></p> </td><td class="prngen17"><br/></td><td class="prngen3"><br/></td><td colspan="2" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td class="prngen17"><br/></td></tr><tr><td class="prngen9"><p class="prnews_p"><span class="prnews_span">Operating EBITDA</span></p> </td><td class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td class="prngen20"><p class="prnews_p"><span class="prnews_span">745</span></p> </td><td class="prngen19"><br/></td><td class="prngen3"><br/></td><td class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td class="prngen20"><p class="prnews_p"><span class="prnews_span">520</span></p> </td><td class="prngen19"><br/></td></tr></table></div><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="38" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">The following table reflects Revenue, Operating EBITDA and Operating EBITDA margin by reportable segments:</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="38" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Revenues (e)</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>$ <br/>Change</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>%</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td><td nowrap="nowrap" class="prngen26"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Operating<br/>EBITDA</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>$ <br/>Change</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>% <br/>Change</b></span></p> </td><td nowrap="nowrap" class="prngen26"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="5" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Operating <br/>EBITDA Margin</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td rowspan="2" colspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen27"><br/></td><td nowrap="nowrap" class="prngen6"><br/></td><td colspan="2" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td class="prngen27"><br/></td><td nowrap="nowrap" class="prngen5"><br/></td><td nowrap="nowrap" class="prnsbtb0 prnrbrb0 prnvab prnsbbs prntac prnpl6 prnsblb0 prnpr8"><br/></td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="2" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="2" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">943</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">761</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">182</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">24</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">576</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">421</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">155</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">37</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">61</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">55</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">6</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Brokerage Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">4,667</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3,281</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,386</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">42</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">116</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">25</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">91</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">364</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Title Group (f)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">706</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">510</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">196</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">38</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">170</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">168</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">24</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">33</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(9)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Corporate and Other</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(307)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(220)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(87)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">*</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(117)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(94)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(23)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">*</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Total Company</span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">6,009</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">4,332</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">1,677</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">39</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">745</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">520</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">225</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">43</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">12</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">12</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td></tr></table></div><br/><div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="38" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td colspan="38" class="prngen9"><p class="prnews_p"><span class="prnews_span">The following table reflects Realogy Franchise and Brokerage Groups' results before the intercompany royalties and marketing fees, as well as on a combined basis to show the Operating EBITDA contribution of these business segments to the overall Operating EBITDA of the Company:</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td colspan="38" nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Revenues</b></span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td rowspan="2" colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>$</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td rowspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>%</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Operating<br/>EBITDA</b></span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td rowspan="2" colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>$</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td rowspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>%</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td><td rowspan="2" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen29"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="5" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Operating <br/>EBITDA Margin</b></span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td rowspan="2" colspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Change</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen24"><br/></td><td colspan="3" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen4"><br/></td><td nowrap="nowrap" class="prngen4"><br/></td><td nowrap="nowrap" class="prngen15"><br/></td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen30"><br/></td><td nowrap="nowrap" class="prngen8"><br/></td><td colspan="2" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td class="prngen30"><br/></td><td nowrap="nowrap" class="prngen4"><br/></td><td nowrap="nowrap" class="prngen30"><br/></td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="2" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen24"><br/></td><td colspan="2" nowrap="nowrap" class="prngen8"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise Group (g)</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">636</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">541</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">95</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">18</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">269</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">201</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen29"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">68</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">34</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntal prnpl6 prnsblb0 prnpr6"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">42</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">37</span></p> </td><td nowrap="nowrap" class="prngen12"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">5</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Brokerage Group (g)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">4,667</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">3,281</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">1,386</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">42</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">423</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">245</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">178</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">73</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">9</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">7</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise and Brokerage Groups Combined</span></p> </td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">5,303</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">3,822</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">1,481</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">39</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">692</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">446</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">246</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">55</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen13"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">13</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">12</span></p> </td><td nowrap="nowrap" class="prngen13"><p class="prnews_p"><span class="prnews_span">%</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr></table></div><br/><div><table id="convertedTable14a9" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td colspan="3" class="prngen14"><br/></td></tr><tr><td colspan="3" class="prngen14"><p class="prnews_p"><span class="prnews_span">_______________</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">*  </span></p> </td><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">not meaningful.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(a)  </span></p> </td><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">Restructuring charges incurred for the nine months ended September 30, 2021 include $4 million at Realogy Franchise Group, $6 million at Realogy Brokerage Group and $4 million at Corporate and Other.  Restructuring charges incurred for the nine months ended September 30, 2020 include $10 million at Realogy Franchise Group, $32 million at Realogy Brokerage Group, $3 million at Realogy Title Group and $2 million at Corporate and Other.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(b) </span></p> </td><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">Non-cash impairments for the nine months ended September 30, 2021 primarily relate to software and lease asset impairments.  Non-cash impairments for the nine months ended September 30, 2020 include:</span></p> </td></tr><tr><td class="prngen14"><br/></td><td class="prngen23"><p class="prnews_p"><span class="prnews_span">• </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">a goodwill impairment charge of $413 million related to Realogy Brokerage Group;</span></p> </td></tr><tr><td class="prngen14"><br/></td><td class="prngen23"><p class="prnews_p"><span class="prnews_span">•  </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">an impairment charge of $30 million related to Realogy Franchise Group's trademarks;</span></p> </td></tr><tr><td class="prngen14"><br/></td><td class="prngen23"><p class="prnews_p"><span class="prnews_span">• </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">$133 million of impairment charges during the nine months ended September 30, 2020 (while Cartus Relocation Services was held for sale) to reduce the net assets to the estimated proceeds; and</span></p> </td></tr><tr><td class="prngen14"><br/></td><td class="prngen23"><p class="prnews_p"><span class="prnews_span">•  </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">other asset impairments of $34 million primarily related to lease asset impairments.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(c)  </span></p> </td><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">Former parent legacy items and Loss on the early extinguishment of debt are recorded in Corporate and Other.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(d) </span></p> </td><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">Gain on the sale of business, net is primarily recorded in Realogy Brokerage Group.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(e) </span></p> </td><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">Includes the elimination of transactions between segments, which consists of intercompany royalties and marketing fees paid by Realogy Brokerage Group of $307 million and $220 million during the nine months ended September 30, 2021 and 2020, respectively.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(f)  </span></p> </td><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">Realogy Title Group (RTG) includes our title, escrow and settlement services (title agency), title insurance underwriter and mortgage origination joint venture businesses.  The title agency and title insurance underwriter businesses represented approximately 60% and 40%, respectively, of RTG's net revenues for the nine-month period ended September 30, 2021.  Excluding the mortgage origination joint venture from Operating EBITDA, title agency and title insurance underwriter represented approximately 60% and 40%, respectively of Operating EBITDA for the nine-months ended September 30, 2021.  The year-over-year decline in Operating EBITDA contribution from the mortgage origination joint venture, from $49 million for the nine-months ended September 30, 2021 compared to $95 million for the nine-months ended September 30, 2020, was primarily driven by the impact of mark-to-market adjustments on the mortgage loan pipeline, as well as gain-on-sale margin compression and a decline in refinance volumes, partially offset by strong purchase volume growth.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(g)  </span></p> </td><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">The segment numbers noted above do not reflect the impact of intercompany royalties and marketing fees paid by Realogy Brokerage Group to Realogy Franchise Group of $307 million and $220 million during the nine months ended September 30, 2021 and 2020, respectively.</span></p> </td></tr></table></div><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="12" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Table 6a</b></span></p> </td></tr><tr><td colspan="12" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="12" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>REALOGY HOLDINGS CORP.</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>SELECTED 2021 FINANCIAL DATA</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(In millions)</b></span></p> </td></tr><tr><td colspan="12" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="11" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>March 31,</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>June 30,</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>September 30,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net revenues (a)</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise Group</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">254</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">347</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">342</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Brokerage Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,171</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,791</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,705</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Title Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">201</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">255</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">250</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Corporate and Other</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(79)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(117)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(111)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Total Company</span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">1,547</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">2,276</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">2,186</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Operating EBITDA</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise Group</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">141</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">224</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">211</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Brokerage Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(5)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">70</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">51</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Title Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">61</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">55</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">54</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Corporate and Other</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(35)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(39)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(43)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Total Company</span></p> </td><td nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen32"><p class="prnews_p"><span class="prnews_span">162</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen32"><p class="prnews_p"><span class="prnews_span">310</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen32"><p class="prnews_p"><span class="prnews_span">273</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Non-GAAP Reconciliation - Operating EBITDA</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Total Company Operating EBITDA</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">162</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">310</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">273</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Less:   Depreciation and amortization</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">51</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">51</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">50</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Interest expense, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">38</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">57</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">52</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Income tax expense</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">17</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">60</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">48</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Restructuring costs, net (b)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">5</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">5</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">4</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Impairments (c)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Former parent legacy cost, net (d)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Loss on the early extinguishment of debt (d)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">17</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">(Gain) loss on the sale of business, net (e)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(15)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen17"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net income attributable to Realogy Holdings</span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">33</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">149</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">114</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr></table></div><div><table id="convertedTable72e9" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td colspan="2" class="prngen14"><br/></td></tr><tr><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">_______________</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(a) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Transactions between segments are eliminated in consolidation.  Revenues for Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $79 million, $117 million and $111 million for the three months ended March 31, 2021, June 30, 2021 and September 30, 2021, respectively.  Such amounts are eliminated through Corporate and Other.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(b)  </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Includes restructuring charges broken down by business unit as follows:</span></p> </td></tr><tr><td class="prngen14"><br/></td><td class="prngen30"><br/></td></tr></table></div><div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="11" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>March 31,</b></span></p> </td><td nowrap="nowrap" class="prngen24"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>June 30,</b></span></p> </td><td nowrap="nowrap" class="prngen24"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>September 30,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise Group</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Brokerage Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Corporate and Other</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Total Company</span></p> </td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">5</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">5</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">4</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td></tr></table></div><div><table id="convertedTable389c" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td class="prngen14"><br/></td><td class="prngen14"><br/></td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(c) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Impairments for the three months ended March 31, 2021, June 30, 2021 and September 30, 2021 primarily relate to software and lease asset impairments.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(d) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Former parent legacy items and Loss on the early extinguishment of debt are recorded in Corporate and Other.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(e) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">(Gain) loss on the sale of business, net is primarily recorded in Realogy Brokerage Group.</span></p> </td></tr></table></div><br/><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="20" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Table 6b</b></span></p> </td></tr><tr><td colspan="20" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="20" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>REALOGY HOLDINGS CORP.</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>SELECTED 2020 FINANCIAL DATA</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(In millions)</b></span></p> </td></tr><tr><td colspan="20" nowrap="nowrap" class="prngen5"><br/></td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="15" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Year Ended</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>March 31,</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>June 30,</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>September 30,</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>December 31,</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>December 31,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net revenues (a)</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise Group</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">220</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">227</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">314</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">298</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,059</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Brokerage Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">869</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">933</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,479</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,461</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">4,742</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Title Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">137</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">160</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">213</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">226</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">736</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Corporate and Other</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(58)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(65)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(97)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(96)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(316)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Total Company</span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">1,168</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">1,255</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">1,909</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">1,889</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">6,221</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Operating EBITDA</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise Group</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">96</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">125</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">200</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">173</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">594</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Brokerage Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(51)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">61</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">23</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">48</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Title Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">12</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">61</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">95</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">58</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">226</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Corporate and Other</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(25)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(26)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(43)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(48)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(142)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Total Company</span></p> </td><td nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen32"><p class="prnews_p"><span class="prnews_span">32</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen32"><p class="prnews_p"><span class="prnews_span">175</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen32"><p class="prnews_p"><span class="prnews_span">313</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen32"><p class="prnews_p"><span class="prnews_span">206</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen32"><p class="prnews_p"><span class="prnews_span">726</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Non-GAAP Reconciliation - Operating EBITDA</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Total Company Operating EBITDA</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">32</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">175</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">313</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">206</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">726</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Less:   Depreciation and amortization</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">45</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">46</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">43</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">52</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">186</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Interest expense, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">101</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">59</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">48</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">38</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">246</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Income tax (benefit) expense</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(141)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(5)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">36</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">6</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(104)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Restructuring costs, net (b)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">12</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">18</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">17</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">20</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">67</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Impairments (c)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">477</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">63</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">70</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">72</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">682</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Former parent legacy cost, net (d)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml30"><span class="prnews_span">Loss on the early extinguishment of debt (d)</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net (loss) income attributable to Realogy Holdings</span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">(462)</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">(14)</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">98</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">18</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">(360)</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr></table></div><div><table id="convertedTable7732" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td colspan="2" class="prngen14"><br/></td></tr><tr><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">_______________</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(a) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Transactions between segments are eliminated in consolidation.  Revenues for Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $58 million, $65 million, $97 million and $96 million for the three months ended March 31, 2020, June 30, 2020, September 30, 2020 and December 31, 2020, respectively.  Such amounts are eliminated through Corporate and Other.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(b) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Includes restructuring charges broken down by business unit as follows:</span></p> </td></tr><tr><td class="prngen14"><br/></td><td class="prngen30"><br/></td></tr></table></div><div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="15" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended</b></span></p> </td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Year Ended</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>March 31,</b></span></p> </td><td nowrap="nowrap" class="prngen24"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>June 30,</b></span></p> </td><td nowrap="nowrap" class="prngen24"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>September 30,</b></span></p> </td><td nowrap="nowrap" class="prngen24"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>December 31,</b></span></p> </td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>December 31,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen4"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Franchise Group</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">4</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">4</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">5</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Brokerage Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">9</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">12</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">11</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">5</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">37</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Realogy Title Group</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">4</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Corporate and Other</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">2</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">9</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">11</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Total Company</span></p> </td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">12</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">18</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">17</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">20</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen25"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">67</span></p> </td><td nowrap="nowrap" class="prngen25"><br/></td></tr></table></div><div><table id="convertedTable1515" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td class="prngen14"><br/></td><td colspan="2" class="prngen14"><br/></td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(c) </span></p> </td><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">Non-cash impairments include:</span></p> </td></tr><tr><td class="prngen14"><br/></td><td class="prngen23"><p class="prnews_p"><span class="prnews_span">•  </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">a goodwill impairment charge of $413 million related to Realogy Brokerage Group and an impairment charge of $30 million related to Realogy Franchise Group's trademarks during the three months ended March 31, 2020; </span></p> </td></tr><tr><td class="prngen14"><br/></td><td class="prngen23"><p class="prnews_p"><span class="prnews_span">•  </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">$30 million, $44 million and $59 million of reserves recorded during the three months ended March 31, 2020, June 30, 2020 and September 30, 2020, respectively, (while Cartus Relocation Services was held for sale) to reduce the net assets to the estimated proceeds which were included in Impairments in connection with the reclassification of Cartus Relocation Services as continuing operations during the fourth quarter of 2020;</span></p> </td></tr><tr><td class="prngen14"><br/></td><td class="prngen23"><p class="prnews_p"><span class="prnews_span">• </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">a goodwill impairment charge of $22 million related to Cartus Relocation Services and an impairment charge of $34 million related to Cartus Relocation Services' trademarks during the three months ended December 31, 2020; and</span></p> </td></tr><tr><td class="prngen14"><br/></td><td class="prngen23"><p class="prnews_p"><span class="prnews_span">• </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">$4 million, $19 million, $11 million and $16 million of other impairment charges primarily related to lease asset impairments incurred during the three months ended March 31, 2020, June 30, 2020, September 30, 2020 and December 31, 2020, respectively.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(d) </span></p> </td><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">Former parent legacy items and Loss on the early extinguishment of debt are recorded in Corporate and Other.</span></p> </td></tr></table></div><br/><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="20" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Table 6c</b></span></p> </td></tr><tr><td colspan="20" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="20" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>REALOGY HOLDINGS CORP.</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>2020 CONSOLIDATED STATEMENTS OF OPERATIONS</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(In millions, except per share data)</b></span></p> </td></tr><tr><td colspan="20" nowrap="nowrap" class="prngen5"><br/></td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="15" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Year Ended</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>March 31,</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>June 30,</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>September 30,</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen24"><p class="prnews_p"><span class="prnews_span"><b>December 31,</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>December 31,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Revenues</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Gross commission income</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">850</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">919</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,458</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,442</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">4,669</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Service revenue</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">202</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">219</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">281</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">281</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">983</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Franchise fees</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">71</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">85</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">133</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">130</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">419</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Other</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">45</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">32</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">37</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">36</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">150</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net revenues</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,168</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,255</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,909</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,889</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">6,221</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Expenses</b></span></p> </td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Commission and other agent-related costs</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">630</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">685</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,105</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,107</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3,527</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Operating</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">368</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">320</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">380</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">405</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1,473</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Marketing</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">59</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">41</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">55</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">60</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">215</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">General and administrative</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">88</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">69</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">108</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">147</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">412</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Former parent legacy cost, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Restructuring costs, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">12</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">18</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">17</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">20</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">67</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Impairments</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">477</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">63</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">70</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">72</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">682</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Depreciation and amortization</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">45</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">46</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">43</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">52</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">186</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Interest expense, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">101</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">59</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">48</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">38</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">246</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Loss on the early extinguishment of debt</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Other expense, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(5)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(5)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Total expenses</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,780</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,309</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,827</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">1,896</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">6,812</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>(Loss) income before income taxes, equity in earnings and <br/>   noncontrolling interests</b></span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(612)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(54)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">82</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(7)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(591)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Income tax (benefit) expense</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(141)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(5)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">36</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">6</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(104)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Equity in earnings of unconsolidated entities</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(9)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(36)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(53)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(33)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(131)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net (loss) income</b></span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(462)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(13)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">99</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">20</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(356)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Less: Net income attributable to noncontrolling interests</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(1)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(1)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(2)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(4)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net (loss) income attributable to Realogy Holdings</b></span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">(462)</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">(14)</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">98</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">18</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen21"><p class="prnews_p"><span class="prnews_span">(360)</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>(Loss) earnings per share attributable to Realogy Holdings shareholders:</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Basic (loss) earnings per share</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(4.03)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(0.12)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.85</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.16</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(3.13)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Diluted (loss) earnings per share</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(4.03)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(0.12)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.84</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">0.15</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(3.13)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="12" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Weighted average common and common equivalent shares of Realogy Holdings outstanding:</b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Basic</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">114.7</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">115.4</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">115.4</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">115.5</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">115.2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Diluted</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">114.7</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">116.2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">116.7</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">118.2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">115.2</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr></table></div><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Table 7</b></span></p> </td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>REALOGY HOLDINGS CORP.</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>NON-GAAP RECONCILIATION - FREE CASH FLOW </b></span></p> <p class="prnews_p"><span class="prnews_span"><b>THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2021 AND 2020 </b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(In millions)</b></span></p> </td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">A reconciliation of net income (loss) attributable to Realogy Holdings to Free Cash Flow is set forth in the following table: </span></p> </td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended <br/>September 30,</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Nine Months Ended </b></span></p> <p class="prnews_p"><span class="prnews_span"><b>September 30,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net income (loss) attributable to Realogy Holdings</b></span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">114</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">98</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">296</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">(378)</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Income tax expense (benefit), net of payments</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">29</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">45</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">93</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(101)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Interest expense, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">52</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">48</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">147</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">208</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Cash interest payments</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(38)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(28)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(121)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(133)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Depreciation and amortization</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">50</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">43</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">152</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">134</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Capital expenditures</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(21)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(20)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(71)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(69)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Restructuring costs and former parent legacy items, net of payments</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(3)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">10</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(8)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">15</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Impairments</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">70</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">610</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Loss on the early extinguishment of debt</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">21</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Loss (gain) on the sale of business, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(14)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Working capital adjustments</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">73</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">108</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(34)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">53</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Relocation receivables (assets), net of securitization obligations</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">21</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">21</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(6)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(60)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Free Cash Flow</b></span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">282</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">395</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">458</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">287</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">A reconciliation of net cash provided by operating activities to Free Cash Flow is set forth in the following table:</span></p> </td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Three Months Ended <br/>September 30,</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="7" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Nine Months Ended <br/>September 30,</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen16"><p class="prnews_p"><span class="prnews_span"><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen7"><br/></td><td colspan="3" nowrap="nowrap" class="prngen6"><p class="prnews_p"><span class="prnews_span"><b>2020</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net cash provided by operating activities</b></span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">303</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">385</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">489</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">418</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Property and equipment additions</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(21)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(20)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(71)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(69)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net change in securitization</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">30</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">40</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(62)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Effect of exchange rates on cash and cash equivalents</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Free Cash Flow</b></span></p> </td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">282</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">395</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">458</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen19"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen20"><p class="prnews_p"><span class="prnews_span">287</span></p> </td><td nowrap="nowrap" class="prngen19"><br/></td></tr><tr><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net cash used in investing activities</b></span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(17)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(21)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(68)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(84)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Net cash used in financing activities</b></span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(446)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(671)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(238)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(203)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr></table></div><p> </p> <p><br/> </p> <p><b>Table 8a</b></p> <p class="prntac"><b>NON-GAAP RECONCILIATION - SENIOR SECURED LEVERAGE RATIO<br/></b><b>FOR THE FOUR-QUARTER PERIOD ENDED SEPTEMBER 30, 2021<br/></b><b>(In millions)</b></p> <p>The senior secured leverage ratio is tested quarterly pursuant to the terms of the senior secured credit facilities*.  For the trailing four-quarter period ended September 30, 2021, Realogy Group LLC was required to maintain a senior secured leverage ratio not to exceed 4.75 to 1.00.  The senior secured leverage ratio is measured by dividing Realogy Group LLC's total senior secured net debt by the trailing four quarters EBITDA calculated on a Pro Forma Basis, as those terms are defined in the Senior Secured Credit Agreement.  Total senior secured net debt does not include the 7.625% Senior Secured Second Lien Notes, our unsecured indebtedness, including the Unsecured Notes and Exchangeable Senior Notes, or the securitization obligations.  EBITDA calculated on a Pro Forma Basis, as defined in the Senior Secured Credit Agreement, includes adjustments to Operating EBITDA for retention and disposition costs, non-cash charges and incremental securitization interest costs, as well as pro forma cost savings for restructuring initiatives, the pro forma effect of business optimization initiatives and the pro forma effect of acquisitions and new franchisees, in each case calculated as of the beginning of the trailing four-quarter period.  The Company was in compliance with the senior secured leverage ratio covenant at September 30, 2021 with a ratio of negative 0.27 to 1.00.</p> <p>A reconciliation of net (loss) income attributable to Realogy Group to Operating EBITDA and EBITDA calculated on a Pro Forma Basis, as those terms are defined in the Senior Secured Credit Agreement, for the four-quarter period ended September 30, 2021 is set forth in the following table: </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen5"><br/></td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Less</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Equals</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Plus</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>Equals</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>Year Ended</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>Nine Months<br/>Ended</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>Three Months<br/>Ended</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>Nine Months <br/>Ended</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>Twelve Months</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>Ended</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>December 31, <br/>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>September 30,</b><br/><b>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>December 31, <br/>2020</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>September 30,</b><br/><b>2021</b></span></p> </td><td nowrap="nowrap" class="prngen5"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>September 30,</b><br/><b>2021</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net (loss) income attributable to Realogy Group (a)</span></p> </td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">(360)</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">(378)</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">18</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">296</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen10"><p class="prnews_p"><span class="prnews_span">314</span></p> </td><td nowrap="nowrap" class="prngen10"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Income tax (benefit) expense</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(104)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(110)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">6</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">125</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">131</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">(Loss) income before income taxes</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(464)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(488)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">24</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">421</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">445</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Depreciation and amortization</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">186</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">134</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">52</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">152</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">204</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Interest expense, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">246</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">208</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">38</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">147</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">185</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Restructuring costs, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">67</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">47</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">20</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">14</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">34</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Impairments</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">682</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">610</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">72</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">75</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Former parent legacy cost, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">1</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Loss on the early extinguishment of debt</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">8</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">21</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">21</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Gain on the sale of business, net</span></p> </td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(14)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">(14)</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b><i>Operating EBITDA (b)</i></b></span></p> </td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">726</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">520</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">206</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">745</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">951</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Bank covenant adjustments:</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="3" nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Pro forma effect of business optimization initiatives (c)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">28</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Non-cash charges (d)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">26</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Pro forma effect of acquisitions and new franchisees (e)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">5</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnml20"><span class="prnews_span">Incremental securitization interest costs (f)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">3</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b><i>EBITDA as defined by the Senior Secured Credit Agreement*</i></b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen17"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen32"><p class="prnews_p"><span class="prnews_span">1,013</span></p> </td><td nowrap="nowrap" class="prngen17"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Total senior secured net debt (g)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td nowrap="nowrap" class="prngen3"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">(272)</span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td></tr><tr><td colspan="16" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b><i>Senior secured leverage ratio*</i></b></span></p> </td><td nowrap="nowrap" class="prngen3"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span"><b>(0.27)</b></span></p> </td><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>x</b></span></p> </td></tr></table></div><div><table id="convertedTable91ef" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td colspan="2" class="prngen14"><br/></td></tr><tr><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">_______________</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(a) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Net (loss) income attributable to Realogy consists of: (i) income of $18 million for the fourth quarter of 2020, (ii) income of $33 million for the first quarter of 2021, (iii) income of $149 million for the second quarter of 2021 and (iv) income of $114 million for the third quarter of 2021.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(b) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Operating EBITDA consists of: (i) $206 million for the fourth quarter of 2020, (ii) $162 million for the first quarter of 2021, (iii) $310 million for the second quarter of 2021 and (iv) $273 million for the third quarter of 2021.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(c)  </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Represents the four-quarter pro forma effect of business optimization initiatives.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(d) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Represents the elimination of non-cash expenses including $41 million of stock-based compensation expense less $7 million of other items, $4 million of foreign exchange benefits and $4 million for the change in the allowance for doubtful accounts and notes reserves for the four-quarter period ended September 30, 2021.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(e) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Represents the estimated impact of acquisitions and franchise sales activity, net of brokerages that exited our franchise system as if these changes had occurred on October 1, 2020.  Franchisee sales activity is comprised of new franchise agreements as well as growth through acquisitions and independent sales agent recruitment by existing franchisees with our assistance.  We have made a number of assumptions in calculating such estimates and there can be no assurance that we would have generated the projected levels of Operating EBITDA had we owned the acquired entities or entered into the franchise contracts as of October 1, 2020.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(f) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Incremental borrowing costs incurred as a result of the securitization facilities refinancing for the twelve months ended September 30, 2021.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(g) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">       Represents total borrowings under the senior secured credit facilities (including the Revolving Credit Facility) and Term Loan A Facility and borrowings secured by a first priority lien on our assets of $234 million plus $26 million of finance lease obligations less $532 million of readily available cash as of September 30, 2021.  Pursuant to the terms of our senior secured credit facilities, total senior secured net debt does not include our securitization obligations, 7.625% Senior Secured Second Lien Notes or unsecured indebtedness, including the Unsecured Notes and Exchangeable Senior Notes.</span></p> </td></tr><tr><td class="prngen14"><br/></td><td class="prngen14"><br/></td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">* </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Our senior secured credit facilities include the facilities under our Amended and Restated Credit Agreement dated as of March 5, 2013, as amended from time to time (the &quot;Senior Secured Credit Agreement&quot;), and the Term Loan A Agreement dated as of October 23, 2015 (the &quot;Term Loan A Agreement&quot;), as amended from time to time.  Our Unsecured Notes include our 4.875% Senior Notes due 2023, 9.375% Senior Notes due 2027 and 5.75% Senior Notes due 2029.  Exchangeable Senior Notes refers to our 0.25% Exchangeable Senior Notes due 2026.  7.625% Senior Secured Second Lien Notes refers to our 7.625% Senior Secured Second Lien Notes due 2025.</span></p> </td></tr></table></div><p> </p> <div><table cellspacing="0" cellpadding="0" border="1" class="prntblns"><tr><td colspan="5" nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>Table 8b</b></span></p> </td></tr><tr><td colspan="5" nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td colspan="5" nowrap="nowrap" class="prngen4"><p class="prnews_p"><span class="prnews_span"><b>NET DEBT LEVERAGE RATIO</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>FOR THE FOUR-QUARTER PERIOD ENDED SEPTEMBER 30, 2021</b></span></p> <p class="prnews_p"><span class="prnews_span"><b>(In millions)</b></span></p> </td></tr><tr><td colspan="5" nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td colspan="5" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net corporate debt (excluding securitizations) divided by EBITDA calculated on a Pro Forma Basis, as those terms are defined in the senior secured credit facilities, for the four-quarter period ended September 30, 2021 (referred to as net debt leverage ratio) is set forth in the following table:</span></p> </td></tr><tr><td colspan="5" nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen15"><p class="prnews_p"><span class="prnews_span"><b>As of September 30, 2021</b></span></p> </td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Non-extended Revolving Credit Commitment</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen22"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Extended Revolving Credit Commitment</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">—</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Extended Term Loan A</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">234</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">7.625% Senior Secured Second Lien Notes</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">550</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">4.875% Senior Notes</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">407</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">9.375% Senior Notes</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">550</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">5.75% Senior Notes</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">900</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">0.25% Exchangeable Senior Notes</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">403</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Finance lease obligations</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">26</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Corporate Debt (excluding securitizations)</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">3,070</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnml10"><span class="prnews_span">Less: Cash and cash equivalents</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">701</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">Net Corporate Debt (excluding securitizations)</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen22"><p class="prnews_p"><span class="prnews_span">2,369</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span">EBITDA as defined by the Senior Secured Credit Agreement (a)</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">$</span></p> </td><td nowrap="nowrap" class="prngen18"><p class="prnews_p"><span class="prnews_span">1,013</span></p> </td><td nowrap="nowrap" class="prngen18"><br/></td></tr><tr><td nowrap="nowrap" class="prngen11"><br/></td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="3" nowrap="nowrap" class="prngen11"><br/></td></tr><tr><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b><i>Net Debt Leverage Ratio</i></b>(b)</span></p> </td><td nowrap="nowrap" class="prngen11"><br/></td><td colspan="2" nowrap="nowrap" class="prngen11"><p class="prnews_p"><span class="prnews_span"><b>2.3</b></span></p> </td><td nowrap="nowrap" class="prngen9"><p class="prnews_p"><span class="prnews_span"><b>x</b></span></p> </td></tr></table></div><div><table id="convertedTable553e" cellspacing="0" cellpadding="0" border="0" class="prngen2"><tr><td colspan="2" class="prngen14"><br/></td></tr><tr><td colspan="2" class="prngen14"><p class="prnews_p"><span class="prnews_span">_______________</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(a) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">See Table 8a for a reconciliation of Net (loss) income attributable to Realogy Group to EBITDA as defined by the Senior Secured Credit Agreement.</span></p> </td></tr><tr><td class="prngen23"><p class="prnews_p"><span class="prnews_span">(b) </span></p> </td><td class="prngen14"><p class="prnews_p"><span class="prnews_span">Net Debt Leverage Ratio is substantially similar to Consolidated Leverage Ratio (as defined under the indentures governing the 9.375% Notes and 7.625% Senior Secured Second Lien Notes), except that when the Consolidated Leverage Ratio is measured at March 31 of any given year, the calculation includes a positive $200 million seasonality adjustment to cash and cash equivalents.  </span></p> </td></tr></table></div><br/><p> </p> <p><b>Table 9</b>                                                                                                                                                                                                            </p> <p><b>Non-GAAP Definitions </b></p> <p>Adjusted net income (loss) is defined by us as net income (loss) before mark-to-market interest rate swap adjustments, former parent legacy items, restructuring charges, the (gain) loss on the early extinguishment of debt, impairments, the tax effect of the foregoing adjustments.  The gross amounts for these items as well as the adjustment for income taxes are presented.</p> <p>Operating 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), income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, gains or losses on the early extinguishment of debt, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets.  Operating EBITDA is our primary non-GAAP measure. </p> <p>We present Operating EBITDA because we believe it is useful as a supplemental measure in evaluating the performance of our operating businesses and provides greater transparency into our results of operations.  Our management, including our chief operating decision maker, uses Operating EBITDA as a factor in evaluating the performance of our business.  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> <p>We believe Operating 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, as well as other items that are not core to the operating activities of the Company such as restructuring charges, gains or losses on the early extinguishment of debt, former parent legacy items, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets, which may vary for different companies for reasons unrelated to operating performance.  We further believe that Operating EBITDA is frequently used by securities analysts, investors and other interested parties in their evaluation of companies, many of which present an Operating EBITDA measure when reporting their results.</p> <p>Operating EBITDA has limitations as an analytical tool, and you should not consider Operating EBITDA either in isolation or as a substitute for analyzing our results as reported under GAAP.  Some of these limitations are:</p> <ul type="disc"><li>this measure does not reflect changes in, or cash required for, our working capital needs; </li><li>this measure does 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; </li><li>this measure does not reflect our income tax expense or the cash requirements to pay our taxes; </li><li>this measure does not reflect historical cash expenditures or future requirements for capital expenditures or contractual commitments; </li><li>although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often require replacement in the future, and this measure does not reflect any cash requirements for such replacements; and </li><li>other companies may calculate this measure differently so they may not be comparable.</li></ul><p>Free Cash Flow is defined as net income (loss) attributable to Realogy before income tax expense (benefit), net of payments, interest expense, net, cash interest payments, depreciation and amortization, capital expenditures, restructuring costs and former parent legacy costs (benefits), net of payments, impairments, (gain) loss on the early extinguishment of debt, working capital adjustments and relocation receivables (assets), net of change in securitization obligations.  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's ability to generate cash.  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.  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's operating performance or liquidity.  Free Cash Flow may differ from similarly titled measures presented by other companies.</p> <p>SOURCE Realogy Holdings Corp.</p> <img alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=NY54544&amp;Transmission_Id=202110280730PR_NEWS_USPR_____NY54544&amp;DateId=20211028" style="border:0px; width:1px; height:1px;"/>