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Short And Long-Term Debt Schedule of Debt (Details)
£ in Millions, $ in Millions
1 Months Ended 6 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2016
GBP (£)
Aug. 02, 2016
USD ($)
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Mar. 01, 2016
USD ($)
Dec. 31, 2015
USD ($)
Oct. 23, 2015
USD ($)
Mar. 10, 2014
USD ($)
Principal Amount                  
Long-Term Debt, Gross [1]       $ 4,062          
Outstanding borrowings, securitization obligations       280     $ 247    
Unamortized Discount and Debt Issuance Costs                  
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [1]       50          
Net Amount                  
Outstanding borrowings, long-term debt [1]       4,012          
Outstanding borrowings, securitization obligations       280     247    
Letter of Credit, borrowing capacity       $ 125       $ 125  
LIBOR                  
Net Amount                  
Description of variable interest rate basis   LIBOR              
ABR                  
Net Amount                  
Description of variable interest rate basis   ABR              
Term Loan B | LIBOR                  
Net Amount                  
Debt Instrument, Basis Spread on Variable Rate   3.00%              
Debt Instrument, Basis Spread on Variable Rate, Floor   0.75%   0.75%          
Term Loan B | ABR                  
Net Amount                  
Debt Instrument, Basis Spread on Variable Rate   2.00%              
Debt Instrument, Basis Spread on Variable Rate, Floor   1.75%   1.75%          
Unsecured Letter of Credit Facility                  
Net Amount                  
Interest Rate   3.10%   3.10%          
Outstanding letters of credit       $ 130          
Increase in borrowing capacity $ 47                
Letter of Credit, borrowing capacity       135 $ 88        
Secured Debt | Term Loan B                  
Principal Amount                  
Long-Term Debt, Gross       1,858 [2]     1,867   $ 1,905
Unamortized Discount and Debt Issuance Costs                  
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [2]       25          
Net Amount                  
Outstanding borrowings, long-term debt       $ 1,833 [2]     1,839    
Annual percentage of original principal amount for quarterly amortization payments   1.00%   1.00%          
Secured Debt | Term Loan A                  
Principal Amount                  
Long-Term Debt, Gross       $ 424 [3]     435 435  
Unamortized Discount and Debt Issuance Costs                  
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [3]       2          
Net Amount                  
Outstanding borrowings, long-term debt       $ 422 [3]     433    
Secured Debt | 2016 | Term Loan A                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   5.00%   5.00%          
Secured Debt | 2017 | Term Loan A                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   5.00%   5.00%          
Secured Debt | 2018 | Term Loan A                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   7.50%   7.50%          
Secured Debt | 2019 | Term Loan A                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   10.00%   10.00%          
Secured Debt | 2020 | Term Loan A                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   12.50%   12.50%          
Secured Debt | Less than 2.50 to 1.00 | Term Loan A | LIBOR                  
Net Amount                  
Debt Instrument, Basis Spread on Variable Rate   2.00%              
Secured Debt | Less than 2.50 to 1.00 | Term Loan A | ABR                  
Net Amount                  
Debt Instrument, Basis Spread on Variable Rate   1.00%              
Senior Notes | 4.50% Senior Notes                  
Principal Amount                  
Long-Term Debt, Gross       $ 450     450    
Unamortized Discount and Debt Issuance Costs                  
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net       13          
Net Amount                  
Outstanding borrowings, long-term debt       $ 437     434    
Interest Rate   4.50%   4.50%          
Senior Notes | 5.25% Senior Notes                  
Principal Amount                  
Long-Term Debt, Gross       $ 550   $ 300 300    
Unamortized Discount and Debt Issuance Costs                  
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net       6          
Net Amount                  
Outstanding borrowings, long-term debt       $ 544     297    
Interest Rate   5.25%   5.25%          
Senior Notes | 4.875% Senior Notes                  
Principal Amount                  
Long-Term Debt, Gross       $ 500     0    
Unamortized Discount and Debt Issuance Costs                  
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net       4          
Net Amount                  
Outstanding borrowings, long-term debt       $ 496     0    
Interest Rate   4.88%   4.88%          
Line of Credit | Revolving Credit Facility                  
Principal Amount                  
Outstanding borrowings, short-term debt, line of credit facility       $ 0 [4],[5]     200    
Net Amount                  
Outstanding borrowings, short-term debt, line of credit facility       0 [4],[5]     200    
Total capacity, short-term debt, line of credit facility [4],[5]       815       $ 815  
Line of Credit | Less than 2.50 to 1.00 | Revolving Credit Facility | LIBOR                  
Net Amount                  
Debt Instrument, Basis Spread on Variable Rate   2.00%              
Line of Credit | Less than 2.50 to 1.00 | Revolving Credit Facility | ABR                  
Net Amount                  
Debt Instrument, Basis Spread on Variable Rate   1.00%              
Line of Credit | Subsequent Event | Revolving Credit Facility                  
Principal Amount                  
Outstanding borrowings, short-term debt, line of credit facility     $ 225            
Net Amount                  
Outstanding borrowings, short-term debt, line of credit facility     225            
Line of Credit Facility, Remaining Borrowing Capacity     $ 590            
Securitization obligations                  
Principal Amount                  
Outstanding borrowings, securitization obligations       280     247    
Net Amount                  
Outstanding borrowings, securitization obligations       280     247    
Securitization obligations | Apple Ridge Funding LLC                  
Principal Amount                  
Outstanding borrowings, securitization obligations       269 [6],[7]     238    
Net Amount                  
Outstanding borrowings, securitization obligations       269 [6],[7]     238    
Total capacity, securitization obligations [3],[6]       325          
Debt Instrument, Unused Borrowing Capacity, Amount       56          
Securitization obligations | Cartus Financing Limited                  
Principal Amount                  
Outstanding borrowings, securitization obligations       11 [6],[8]     9    
Net Amount                  
Outstanding borrowings, securitization obligations       11 [6],[8]     $ 9    
Total capacity, securitization obligations [3],[6]       33          
Debt Instrument, Unused Borrowing Capacity, Amount       $ 22          
Securitization obligations | Revolving Credit Facility | Cartus Financing Limited                  
Net Amount                  
Total capacity, securitization obligations | £   £ 20              
Securitization obligations | Working Capital Facility | Cartus Financing Limited                  
Net Amount                  
Total capacity, securitization obligations | £   £ 5              
[1] Not included in this table, the Company had $130 million of outstanding letters of credit at June 30, 2016 under the Unsecured Letter of Credit Facility with a weighted average rate of 3.10%. In the second quarter of 2016, the Company moved outstanding letters of credit to the Unsecured Letter of Credit Facility and terminated the synthetic letter of credit facility. As a result, the Company increased the capacity under the Unsecured Letter of Credit Facility by $47 million to $135 million.
[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 term loans under the Term Loan B 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 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 in 2016, 2017, 2018, 2019 and 2020, respectively. The interest rates with respect to term loans under the 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended June 30, 2016.
[4] As of June 30, 2016, the Company had $815 million of borrowing capacity under its Revolving Credit Facility. On August 2, 2016, the Company had $225 million outstanding borrowings on the Revolving Credit Facility, leaving $590 million of available capacity. The increase in outstanding borrowings compared to June 30, 2016 was a result of amending and reducing the borrowings under the Term Loan B in July 2016. See Note 12, "Subsequent Events" for a description of the transaction.
[5] Interest rates with respect to revolving loans under the Senior Secured Credit Facility at June 30, 2016 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 previous quarter senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended June 30, 2016.
[6] Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[7] In June 2016, Realogy Group extended the existing Apple Ridge Funding LLC securitization program utilized by Cartus until June 2017. As of June 30, 2016, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $56 million of available capacity.
[8] Consists of a £20 million revolving loan facility and a £5 million working capital facility. As of June 30, 2016, the Company had $33 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $22 million of available capacity.