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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net loss $ (42) $ (32)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 48 [1] 46
Deferred income taxes (27) (28)
Amortization of deferred financing costs and discount 4 4
Equity in earnings of unconsolidated entities 0 (2)
Stock-based compensation 12 11
Mark-to-market adjustments on derivatives 31 13
Other adjustments to net loss (1) (1)
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:    
Trade receivables 3 (12)
Relocation receivables (9) (33)
Other assets (10) (4)
Accounts payable, accrued expenses and other liabilities (71) (40)
Due to former parent 1 (5)
Dividends received from unconsolidated entities 0 1
Taxes paid related to net share settlement for stock-based compensation (4) (3)
Other, net (3) 1
Net cash used in operating activities (68) (84)
Investing Activities    
Property and equipment additions (22) (19)
Payments for acquisitions, net of cash acquired (13) 0
Change in restricted cash 2 2
Other, net (1) 1
Net cash used in investing activities (34) (16)
Financing Activities    
Net change in revolving credit facilities (200) 0
Proceeds from issuance of Senior Notes 250 0
Repayments of term loan facilities (10) (5)
Net change in securitization obligations (27) (18)
Debt issuance costs (2) 0
Repurchase of common stock (33) 0
Proceeds from exercise of stock options 0 1
Other, net 8 6
Net cash used in financing activities 30 28
Effect of changes in exchange rates on cash and cash equivalents 0 (1)
Net decrease in cash and cash equivalents (132) (129)
Cash and cash equivalents, beginning of period 415 313
Cash and cash equivalents, end of period 283 184
Supplemental Disclosure of Cash Flow Information    
Interest payments (including securitization interest of $1 for both periods presented) 28 57
Securitization Interest 1 1
Income tax payments, net $ 2 $ 1
[1] Includes $9 million of restructuring charges as follows: $2 million in the Company Owned Real Estate Brokerage Services segment, $2 million in the Relocation Services segment and $5 million in Corporate and Other, and a net cost of $1 million of former parent legacy items included in Corporate and Other for the three months ended March 31, 2016.