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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net income $ 178 $ 125
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 153 140
Deferred income taxes 100 78
Amortization of deferred financing costs and discount 13 13
Non-cash portion of the loss on the early extinguishment of debt 0 21
Equity in earnings of unconsolidated entities (13) (7)
Stock-based compensation 40 32
Mark-to-market adjustments on derivatives 26 17
Other adjustments to net income (3) 1
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:    
Trade receivables (56) (53)
Relocation receivables (54) (86)
Other assets (24) (1)
Accounts payable, accrued expenses and other liabilities 52 (4)
Due to former parent (19) (3)
Dividends received from unconsolidated entities 7 1
Taxes paid related to net share settlement for stock-based compensation (5) (4)
Other, net 0 1
Net cash provided by operating activities 395 271
Investing Activities    
Property and equipment additions (60) (49)
Payments for acquisitions, net of cash acquired (111) (203)
Change in restricted cash 1 0
Other, net (1) (1)
Net cash used in investing activities (171) (253)
Financing Activities    
Repayments of term loan facility (14) (14)
Repurchases of First and a Half Lien Notes 0 (397)
Proceeds from issuance of Senior Notes 0 450
Net change in securitization obligations 67 29
Debt transaction costs (1) (41)
Proceeds from exercise of stock options 3 2
Other, net (23) (14)
Net cash provided by financing activities 32 15
Effect of changes in exchange rates on cash and cash equivalents (2) (1)
Net increase in cash and cash equivalents 254 32
Cash and cash equivalents, beginning of period 313 236
Cash and cash equivalents, end of period 567 268
Supplemental Disclosure of Cash Flow Information    
Interest payments (including securitization interest of $4 for both periods presented) 165 197
Securitization Interest 4 4
Income tax payments, net $ 10 $ 7