Beginning in 2022, the Company enacted certain workforce reductions, terminated certain of its operating leases and took actions to reduce its occupancy costs, the most significant being the scaling down of its New York administrative office. The workforce reductions were part of a broader plan by the Company to take meaningful actions to improve the alignment between the Company’s organizational structure and its long-term business strategy, drive cost efficiencies enabled by the Company’s technology and other competitive advantages and continue to drive toward profitability and continued positive free cash flow. In addition, Anywhere has ongoing restructuring plans related to pre-merger strategic transformation and operational efficiency initiatives.

During the three and six months ended June 30, 2026 and 2025, the Company continued to incur expenses related to these previously implemented cost reduction initiatives. These expenses are presented within Restructuring costs in the condensed consolidated statements of operations, as applicable. The following table summarizes the total costs incurred in connection with the aforementioned restructuring activities during the three and six months ended June 30, 2026 and 2025 (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Severance related personnel costs	$	—	$	1	$	1	$	6
Lease termination costs	2		2		7		6
Total restructuring costs	$	2	$	3	$	8	$	12

The following table summarizes the estimated timing of the Company's future lease and lease-related payments, net of amounts contractually subleased, related to restructuring activities, inclusive of those assumed from Anywhere, for lease termination costs as of June 30, 2026 (in millions):


	Payment Due by Period
Remaining 2026	$	12
2027	19
2028	16
2029	15
Thereafter	2
Total	$	64