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Short And Long-Term Debt Securitization Obligations (Details) £ in Millions, $ in Millions | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2016 USD ($) | Mar. 31, 2015 USD ($) | Mar. 31, 2016 GBP (£) | Mar. 31, 2016 USD ($) | Dec. 31, 2015 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |  |
Securitization obligations |  |  |  |  | $ 220 |  | $ 247
Securitization obligations |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Securitization obligations |  |  |  |  | 220 |  | 247
Relocation receivables and other related relocation assets that collateralize securitization obligations |  |  |  |  | $ 290 |  | 281
Interest expense, debt |  | $ 1 | $ 1 |  |  |  |
Weighted average interest rate, securitization obligations |  |  | 2.20% | 2.60% | 2.60% |  |
Securitization obligations | Apple Ridge Funding LLC |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Total capacity, securitization obligations | [1],[2] |  |  |  | $ 325 |  |
Securitization obligations |  |  |  |  | 209 | [1],[3] | 238
Securitization obligations | Cartus Financing Limited |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Total capacity, securitization obligations | [1],[2] |  |  |  | 36 |  |
Securitization obligations |  |  |  |  | $ 11 | [1],[4] | $ 9
Securitization obligations | Cartus Financing Limited | Revolving Credit Facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Total capacity, securitization obligations | £ |  |  |  | £ 20 |  |  |
Securitization obligations | Cartus Financing Limited | Working Capital Facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Total capacity, securitization obligations | £ |  |  |  | £ 5 |  |  |
[1] | Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[2] | The Term Loan A Facility provides for quarterly amortization payments, which commenced 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 December 31, 2015 senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25%.
[3] | As of March 31, 2016, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $116 million of available capacity.
[4] | Consists of a £20 million revolving loan facility and a £5 million working capital facility. As of March 31, 2016, the Company had $36 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $25 million of available capacity.

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- Definition Underlying relocation receivables and other related relocation assets collateralizing securitization obligations. + References No definition available. + Details
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