Company: HOUS
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001398987-25-000116
Chunk: 114

Company: Anywhere Real Estate Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 114
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4 include $6 million of expense related to prior restructuring plans.Restructuring costs for the nine months ended September 30, 2025 include $25 million of expense related to Reimagine25 and $8 million of expense related to prior restructuring plans. Restructuring costs for the nine months ended September 30, 2024 include $24 million of expense related to prior restructuring plans.

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Reimagine25: Strategic Transformation InitiativeIn 2025, the Company launched Reimagine25 to transform how it operates as a Company. The initial phase of this initiative focuses on reimagining its branch operating model, improving product and technology infrastructure, optimizing leads management, streamlining finance processes, and enhancing procurement. These efforts are designed to simplify, integrate, and digitize operations, leveraging advanced technologies such as generative artificial intelligence to provide better solutions at a lower cost. As part of Reimagine25, the Company will incur restructuring costs associated with the implementation of these transformative changes. As the Company's transformation progresses, it may further expand the Reimagine25 focus areas to encompass additional aspects of the business.The following is a reconciliation of the beginning and ending reserve balances related to Reimagine25:Personnel-related costsFacility-related costs OtherTotalBalance at December 31, 2024$— $— $— $— Restructuring charges (a)11 8 6 25 Costs paid or otherwise settled(5)(5)(6)(16)Balance at September 30, 2025$6 $3 $— $9 (a)In addition, the Company incurred $3 million of facility-related costs for lease asset impairments in connection with Reimagine25 during the nine months ended September 30, 2025.The following table shows the total costs currently expected to be incurred by type of cost related to Reimagine25:Total amount expected to be incurred Amount incurred to date Total amount remaining to be incurredPersonnel-related costs$13 $11 $2 Facility-related costs12 8 4 Other costs8 8 — Total$33 $27 $6 The following table shows the total costs currently expected to be incurred by reportable segment and Corporate and Other related to Reimagine25:Total amount expected to be incurred Amount incurred to date Total amount remaining to be incurredFranchise Group$3 $3 $— Owned