Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 294

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 294
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 of expense related to the Operational Efficiencies Plan and $6 million of expense related to prior restructuring plans. Restructuring charges for the year ended December 31, 2022 include $20 million of expense related to the Operational Efficiencies Plan and $12 million of expense related to prior restructuring plans.Reimagine25: Strategic Transformation InitiativeIn 2025, the Company launched Reimagine25 to transform how it operates as a Company, seizing new opportunities unlocked by generative AI and other emerging technologies to deliver better experiences for its customers faster and at lower cost. These efforts position the Company for long-term success and a stronger competitive edge in an ever-evolving industry. As part of Reimagine25, the Company expects to incur restructuring costs to implement these changes. While these costs will likely include investments in technology, process optimization, and workforce realignment, the Company is still evaluating the scope of the program.Operational Efficiencies PlanThe Company's Operational Efficiencies Plan, which began at the end of 2022, improved operational efficiency, reduced office footprint costs, and centralized operational support. Additionally, the Company implemented a workforce reduction due to housing market trends and invested in digital transformation and technology to support its agents, franchisees, and consumers.

F-38

The following is a reconciliation of the beginning and ending reserve balances related to the Operational Efficiencies Plan:Personnel-related costsFacility-related costs TotalBalance at December 31, 2023$10 $4 $14 Restructuring charges (a)15 11 26 Costs paid or otherwise settled(18)(12)(30)Balance at December 31, 2024$7 $3 10 _______________(a)In addition, the Company incurred $8 million of facility-related costs for lease asset impairments in connection with the Operational Efficiencies Plan during the year ended December 31, 2024.The following table shows the total costs by type of cost related to the Operational Efficiencies Plan:Total amount expected to be incurred Amount incurred to date Total amount remaining to be incurredPersonnel-related costs$50 $50 $— Facility-related costs39 39 — Total$89 $89 $— The following table shows the total costs by reportable segment and in Corporate and Other related to the Operational Efficiencies Plan:Total amount expected to be incurred Amount incurred to date Total amount remaining to be incurredFranchise Group$17 $17