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Note 8. Short And Long-Term Debt Schedule of Debt (Details) - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2015
Feb. 19, 2016
Oct. 23, 2015
Oct. 16, 2015
Jun. 10, 2015
Dec. 31, 2014
Mar. 05, 2013
Principal                
Long-term debt, gross [1]   $ 3,999            
Securitization obligations   247         $ 269  
Unamortized Discount and Debt Issuance Costs                
Unamortized Discount and Debt Issuance Costs [1]   50            
Net                
Long-term debt, net of debt issuance costs and discount   2,962         3,836  
Long-Term Debt, net of Debt Issuance Costs, including current and non-current amounts [1]   3,949            
Outstanding letter of credit   $ 134            
Synthetic Letter of Credit Facility [Member]                
Net                
Interest Rate   4.25%            
Outstanding letter of credit   $ 53         53  
Annual percentage of original principal amount for quarterly amortization payments 1.00%              
Unsecured Letter of Credit Facility [Member]                
Net                
Interest Rate   2.98%            
Outstanding letter of credit   $ 81            
LIBOR [Member]                
Net                
Description of variable interest rate basis   LIBOR            
ABR [Member]                
Net                
Description of variable interest rate basis   ABR            
Securitization obligations                
Principal                
Securitization obligations   $ 247         269  
Revolving Credit Facility | Subsequent Event [Member]                
Net                
Outstanding letter of credit     $ 0          
Revolving Credit Facility | Line of Credit [Member]                
Principal                
Line of credit facility outstanding amount   200 [2],[3]         0  
Net                
Total capacity, short-term debt, line of credit facility   815   $ 815       $ 475
Available capacity, line or credit facility   $ 615            
Revolving Credit Facility | Line of Credit [Member] | Subsequent Event [Member]                
Principal                
Line of credit facility outstanding amount     200          
Net                
Available capacity, line or credit facility     $ 615          
Term Loan B Facility | LIBOR [Member]                
Net                
Debt Instrument, basis spread on variable rate   3.00%            
Debt Instrument, basis spread on variable rate, floor   0.75%            
Term Loan B Facility | ABR [Member]                
Net                
Description of variable interest rate basis ABR              
Debt Instrument, basis spread on variable rate   2.00%            
Debt Instrument, basis spread on variable rate, floor   1.75%            
Term Loan B Facility | Secured Debt [Member]                
Principal                
Long-term debt, gross   $ 1,867 [4]         1,887  
Unamortized Discount and Debt Issuance Costs                
Unamortized Discount and Debt Issuance Costs [4]   28            
Net                
Long-term debt, net of debt issuance costs and discount [4]   $ 1,839            
Annual percentage of original principal amount for quarterly amortization payments   1.00%            
Term Loan A Facility | Secured Debt [Member]                
Principal                
Long-term debt, gross   $ 435 [5]   $ 435 [5]     0  
Unamortized Discount and Debt Issuance Costs                
Unamortized Discount and Debt Issuance Costs [5]   2            
Net                
Long-term debt, net of debt issuance costs and discount   $ 433 [5]         0  
Term Loan A Facility | Secured Debt [Member] | 2016                
Net                
Annual percentage of original principal amount for quarterly amortization payments   5.00%            
Term Loan A Facility | Secured Debt [Member] | 2017                
Net                
Annual percentage of original principal amount for quarterly amortization payments   5.00%            
Term Loan A Facility | Secured Debt [Member] | 2018                
Net                
Annual percentage of original principal amount for quarterly amortization payments   7.50%            
Term Loan A Facility | Secured Debt [Member] | 2019                
Net                
Annual percentage of original principal amount for quarterly amortization payments   10.00%            
Term Loan A Facility | Secured Debt [Member] | 2020                
Net                
Annual percentage of original principal amount for quarterly amortization payments   12.50%            
3.375% Senior Notes | Senior Notes [Member]                
Principal                
Long-term debt, gross   $ 500         500  
Unamortized Discount and Debt Issuance Costs                
Unamortized Discount and Debt Issuance Costs   1            
Net                
Long-term debt, net of debt issuance costs and discount   $ 499            
Interest Rate   3.375%            
4.50% Senior Notes | Senior Notes [Member]                
Principal                
Long-term debt, gross   $ 450         450  
Unamortized Discount and Debt Issuance Costs                
Unamortized Discount and Debt Issuance Costs   16            
Net                
Long-term debt, net of debt issuance costs and discount   $ 434            
Interest Rate   4.50%            
5.25% Senior Notes | Senior Notes [Member]                
Principal                
Long-term debt, gross   $ 300         300  
Unamortized Discount and Debt Issuance Costs                
Unamortized Discount and Debt Issuance Costs   3            
Net                
Long-term debt, net of debt issuance costs and discount   $ 297            
Interest Rate   5.25%            
Apple Ridge Funding LLC | Securitization obligations                
Principal                
Securitization obligations   $ 238 [6],[7]         255  
Net                
Total capacity, securitization obligations   325     $ 375 $ 325    
Available capacity, debt   87            
Cartus Financing Limited | Securitization obligations                
Principal                
Securitization obligations   9 [7],[8]         $ 14  
Net                
Total capacity, securitization obligations   38            
Available capacity, debt   $ 29            
[1] Not included in this table, the Company had $134 million of outstanding letters of credit at December 31, 2015, of which $53 million was under the synthetic letter of credit facility with a rate of 4.25% and $81 million was under the unsecured letter of credit facility with a rate of 2.98%.
[2] As of December 31, 2015, the Company had $815 million of borrowing capacity under its Revolving Credit Facility leaving $615 million of available capacity. On February 19, 2016, the Company had $200 million outstanding borrowings on the Revolving Credit Facility and no outstanding letters of credit on such facility, leaving $615 million of available capacity.
[3] Interest rates with respect to revolving loans under the Term Loan A Facility at December 31, 2015 were based on, at the Company’s option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00%.
[4] The Term Loan B Facility provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to the Term Loan B Facility is based on, at the Company’s option, (a) adjusted LIBOR plus 3.00% (with a LIBOR floor of 0.75%) or (b) JPMorgan Chase Bank, N.A.’s prime rate ("ABR") plus 2.00% (with an ABR floor of 1.75%).
[5] The Term Loan A Facility provides for quarterly amortization payments, commencing March 31, 2016, totaling per annum 5%, 5%, 7.5%, 10.0% and 12.5% of the original principal amount of the Term Loan A Facility in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the new Term Loan A Facility are based on, at the Company's option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the September 30, 2015 senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00%.
[6] As of December 31, 2015, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $87 million of available capacity.
[7] Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[8] Consists of a £20 million revolving loan facility and a £5 million working capital facility. As of December 31, 2015, the Company had $38 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $29 million of available capacity.