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Short And Long-Term Debt Schedule of Total Indebtedness (Details) - USD ($) $ in Millions | Mar. 31, 2016 | Dec. 31, 2015
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Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt | [1] | $ 3,964 |  |
Debt, Long-term and Short-term, Combined Amount |  | 3,744 |  | $ 3,702
Securitization obligations |  | 220 |  | 247
Secured Debt | Term Loan B Facility |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt |  | 1,837 | [2] | 1,839
Secured Debt | Term Loan A Facility |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt |  | 428 | [3] | 433
Senior Notes | 3.375% Senior Notes |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt |  | 500 |  | 499
Senior Notes | 4.50% Senior Notes |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt |  | 435 |  | 434
Senior Notes | 5.25% Senior Notes |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt |  | 544 |  | 297
Line of Credit | Revolving Credit Facility |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Long-term Line of Credit |  | 0 | [4],[5] | 200
Securitization obligations |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Securitization obligations |  | 220 |  | 247
Securitization obligations | Apple Ridge Funding LLC |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Securitization obligations |  | 209 | [6],[7] | 238
Securitization obligations | Cartus Financing Limited |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Securitization obligations |  | $ 11 | [7],[8] | $ 9
[1] | Not included in this table, the Company had $133 million of outstanding letters of credit at March 31, 2016, of which $53 million was under the synthetic letter of credit facility with a rate of 4.25% and $80 million was under the unsecured letter of credit facility with a rate of 2.98%.
[2] | The Term Loan B 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%).
[3] | 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%.
[4] | As of March 31, 2016, the Company had $815 million of borrowing capacity under its Revolving Credit Facility leaving $815 million of available capacity. On May 3, 2016, the Company had $400 million outstanding borrowings on the Revolving Credit Facility and no outstanding letters of credit on such facility, leaving $415 million of available capacity. The increase in outstanding borrowings compared to March 31, 2016 was a result of the repayment of the 3.375% Senior Notes at maturity on May 2, 2016.
[5] | Interest rates with respect to revolving loans under the Term Loan A Facility at March 31, 2016 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 December 31, 2015 senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25%.
[6] | 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.
[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 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 The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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