Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 274

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 274
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GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountAmortizable—Franchise agreements (a)$2,010 $1,189 $821 $2,010 $1,123 $887 Indefinite life—Trademarks (b)$584 $584 $586 $586 Other IntangiblesAmortizable—License agreements (c)$45 $17 $28 $45 $16 $29 Amortizable—Customer relationships (d)449 401 48 454 385 69 Indefinite life—Title plant shares (e)30 30 28 28 Amortizable—Other (f) 4 4 — 7 6 1 Total Other Intangibles$528 $422 $106 $534 $407 $127 _______________(a)Generally amortized over a period of 30 years.(b)Primarily related to real estate franchise, title and relocation trademarks which are expected to generate future cash flows for an indefinite period of time. The year ended December 31, 2024 includes $2 million reduction for the sale of a business.(c)Relates to the Sotheby’s International Realty® and Better Homes and Gardens® Real Estate agreements which are being amortized over 50 years (the contractual term of the license agreements).(d)Relates to the customer relationships which are being amortized over a period of 10 to 20 years.

F-25

(e)Ownership in a title plant is required to transact title insurance in certain states. The Company expects to generate future cash flows for an indefinite period of time.(f)Consists of covenants not to compete which are amortized over their contract lives and other intangibles which are generally amortized over periods ranging from 3 to 5 years.Intangible asset amortization expense is as follows: For the Year Ended December 31, 202420232022Franchise agreements$66 $67 $67 License agreements1 1 1 Customer relationships21 21 21 Other1 1 7 Total$89 $90 $96 Based on the Company’s amortizable intangible assets as of December 31, 2024, the Company expects related amortization expense to be approximately $89 million, $89 million, $74 million, $68 million, $68 million and $