Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 21

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 21
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 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures". This standard includes enhanced income tax disclosures primarily related to the effective tax rate reconciliation and income taxes paid for annual periods. The new standard is effective for annual financial statements of public business entities for fiscal years beginning after December 15, 2024, with early adoption permitted. The new guidance should be adopted on a prospective basis with retrospective application permitted. The Company has not adopted this standard early and is currently evaluating the impact of the new guidance on its financial statement disclosures.

2.    GOODWILL AND INTANGIBLE ASSETS

GoodwillChanges in the carrying amount of Goodwill and Accumulated impairment losses by reportable segment are as follows: Franchise GroupOwned Brokerage GroupTitle GroupTotalCompanyGoodwill (gross) at December 31, 2024$3,953 $1,089 $455 $5,497 Goodwill acquired— — — — Goodwill reduction— — — — Goodwill (gross) at March 31, 20253,953 1,089 455 5,497 Accumulated impairment losses at December 31, 2024(1,586)(1,088)(324)(2,998)Goodwill impairment— — — — Accumulated impairment losses at March 31, 2025 (a)(1,586)(1,088)(324)(2,998)Goodwill (net) at March 31, 2025$2,367 $1 $131 $2,499 _______________(a)Includes impairment charges which reduced goodwill by $25 million during 2023, $394 million during 2022, $540 million during 2020, $253 million during 2019, $1,279 million during 2008 and $507 million during 2007.

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Intangible AssetsIntangible assets are as follows: As of March 31, 2025As of December 31, 2024 GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountGrossCarryingAmountAccumulatedAmortizationNetCarryingAmountAmortizable—Franchise agreements (a)$2,010 $1,206 $804 $2,010 $1,189 $821 Indefinite life—Trademarks (b)$584 $