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Short And Long-Term Debt Schedule of Debt (Details)
£ in Millions, $ in Millions
1 Months Ended 9 Months Ended
Jun. 30, 2016
USD ($)
Sep. 30, 2016
GBP (£)
Nov. 02, 2016
USD ($)
Sep. 30, 2016
USD ($)
Jul. 20, 2016
USD ($)
Mar. 31, 2016
USD ($)
Mar. 01, 2016
USD ($)
Dec. 31, 2015
USD ($)
Oct. 23, 2015
USD ($)
Principal Amount                  
Long-Term Debt, Gross [1]       $ 3,779          
Outstanding borrowings, securitization obligations       255       $ 247  
Unamortized Discount and Debt Issuance Costs                  
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [1]       54          
Net Amount                  
Outstanding borrowings, long-term debt [1]       3,725          
Outstanding borrowings, securitization obligations       255       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       $ 128          
Increase in borrowing capacity $ 47                
Letter of Credit, borrowing capacity       135   $ 88      
Secured Debt | Term Loan B                  
Principal Amount                  
Long-Term Debt, Gross       1,097 [2] $ 1,100     1,867  
Unamortized Discount and Debt Issuance Costs                  
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [2]       26          
Net Amount                  
Outstanding borrowings, long-term debt       $ 1,071 [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       $ 419 [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       417 [3]       433  
Secured Debt | Term Loan A-1                  
Principal Amount                  
Long-Term Debt, Gross       353 [3] $ 355     0 [3]  
Unamortized Discount and Debt Issuance Costs                  
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [4]       4          
Net Amount                  
Outstanding borrowings, long-term debt [4]       $ 349       0  
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 | 2017 | Term Loan A-1                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   2.50%   2.50%          
Secured Debt | 2018 | Term Loan A                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   7.50%   7.50%          
Secured Debt | 2018 | Term Loan A-1                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   2.50%   2.50%          
Secured Debt | 2019 | Term Loan A                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   10.00%   10.00%          
Secured Debt | 2019 | Term Loan A-1                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   5.00%   5.00%          
Secured Debt | 2020 | Term Loan A                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   12.50%   12.50%          
Secured Debt | 2020 | Term Loan A-1                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   7.50%   7.50%          
Secured Debt | 2021 | Term Loan A-1                  
Net Amount                  
Annual percentage of original principal amount for quarterly amortization payments   10.00%   10.00%          
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%              
Secured Debt | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00 | Term Loan A-1 | LIBOR                  
Net Amount                  
Debt Instrument, Basis Spread on Variable Rate   2.00%              
Secured Debt | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00 | Term Loan A-1 | 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       12          
Net Amount                  
Outstanding borrowings, long-term debt       $ 438       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       5          
Net Amount                  
Outstanding borrowings, long-term debt       $ 545       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       5          
Net Amount                  
Outstanding borrowings, long-term debt       $ 495       0  
Interest Rate   4.88%   4.88%          
Line of Credit | Revolving Credit Facility                  
Principal Amount                  
Outstanding borrowings, short-term debt, line of credit facility       $ 155 [5],[6]       200  
Net Amount                  
Outstanding borrowings, short-term debt, line of credit facility       155 [5],[6]       200  
Total capacity, short-term debt, line of credit facility [5],[6]       815         $ 815
Line of Credit Facility, Remaining Borrowing Capacity               660  
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     $ 115            
Net Amount                  
Outstanding borrowings, short-term debt, line of credit facility     115            
Line of Credit Facility, Remaining Borrowing Capacity     $ 700            
Securitization obligations                  
Principal Amount                  
Outstanding borrowings, securitization obligations       255       247  
Net Amount                  
Outstanding borrowings, securitization obligations       255       247  
Securitization obligations | Apple Ridge Funding LLC                  
Principal Amount                  
Outstanding borrowings, securitization obligations       240 [7],[8]       238  
Net Amount                  
Outstanding borrowings, securitization obligations       240 [7],[8]       238  
Total capacity, securitization obligations [3],[4]       325          
Debt Instrument, Unused Borrowing Capacity, Amount       85          
Securitization obligations | Cartus Financing Limited                  
Principal Amount                  
Outstanding borrowings, securitization obligations       15 [7],[9]       9  
Net Amount                  
Outstanding borrowings, securitization obligations       15 [7],[9]       $ 9  
Total capacity, securitization obligations [3],[4]       19          
Debt Instrument, Unused Borrowing Capacity, Amount       $ 4          
Securitization obligations | Revolving Credit Facility | Cartus Financing Limited                  
Net Amount                  
Total capacity, securitization obligations | £   £ 10              
Securitization obligations | Working Capital Facility | Cartus Financing Limited                  
Net Amount                  
Total capacity, securitization obligations | £   £ 5              
[1] Not included in this table, the Company had $128 million of outstanding letters of credit at September 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 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 September 30, 2016.
[4] The Term Loan A-1 provides for quarterly amortization payments, which commenced on September 30, 2016, totaling per annum 2.5%, 2.5%, 5%, 7.5% and 10.0% of the original principal amount of the Term Loan A-1, with the last amortization payment made on June 30, 2021. The interest rates with respect to term loans under the Term Loan A-1 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 September 30, 2016.
[5] As of September 30, 2016, the Company had $815 million of borrowing capacity under its Revolving Credit Facility, leaving $660 million of available capacity. The revolving credit facility expires in October 2020, but is classified on the balance sheet as current due to the revolving nature of the facility. On November 2, 2016, the Company had $115 million outstanding borrowings on the Revolving Credit Facility, leaving $700 million of available capacity.
[6] Interest rates with respect to revolving loans under the Senior Secured Credit Facility at September 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 September 30, 2016.
[7] Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[8] In June 2016, Realogy Group extended the existing Apple Ridge Funding LLC securitization program utilized by Cartus until June 2017. As of September 30, 2016, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $85 million of available capacity.
[9] Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of September 30, 2016, the Company had $19 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $4 million of available capacity. In October 2016, Realogy Group extended the existing Cartus Financing Limited securitization program to August 2017.