Company: HOUS
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001398987-25-000116
Chunk: 48

Company: Anywhere Real Estate Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 48
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urchases of Unsecured Notes occurring in the third quarter of 2024.

5.    RESTRUCTURING AND MERGER-RELATED COSTS

Restructuring and merger-related costs were $14 million and $38 million for the three and nine months ended September 30, 2025, respectively, and $6 million and $24 million for the three and nine months ended September 30, 2024, respectively. The components of the restructuring and merger-related costs were as follows: Three Months Ended September 30,Nine Months Ended September 30,202520242025 2024Merger-related costs (a)$5 $— $5 $— Restructuring costs:Personnel-related costs (b)$3 $3 $11 $13 Facility-related costs (c)5 3 16 11 Other (d)1 — 6 — Total restructuring costs (e)$9 $6 $33 $24 Total restructuring and merger-related costs$14 $6 $38 $24 (a)Merger-related expenses incurred in connection with the pending Merger with Compass are included in the line item “Restructuring and merger-related costs, net” in the Condensed Consolidated Statements of Operations. These costs primarily consist of legal, advisory, accounting and other professional service fees and are expensed as incurred. Such costs are considered period expenses and are not included in the purchase consideration under ASC Topic 805.(b)Personnel-related costs consist of severance costs provided to employees who have been terminated.(c)Facility-related costs consist of costs associated with planned facility closures such as contract termination costs, amortization of lease assets that will continue to be incurred under the contract for its remaining term without economic benefit to the Company, accelerated depreciation on asset disposals and other facility and employee relocation related costs.(d)Other restructuring costs consist of costs related to professional fees, consulting fees and other costs associated with restructuring activities which are primarily recorded at Corporate.(e)Restructuring costs for the three months ended September 30, 2025 include $6 million of expense related to Reimagine25 and $3 million of expense related to prior restructuring plans. Restructuring costs for the three months ended September 30, 2024 include $6 million of expense related to prior restructuring plans.Restructuring costs for the nine months ended September 30, 2025 include $25 million of