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Note 8. Short And Long-Term Debt Schedule of Total Indebtedness (Details) - USD ($) $ in Millions | Dec. 31, 2016 | Dec. 31, 2015
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Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Long-term Debt | [1] | $ 3,712 |  |
Securitization obligations |  | 205 |  | $ 247
Line of Credit [Member] | Revolving Credit Facility |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Long-term Line of Credit |  | 200 | [2],[3] | 200
Securitization obligations |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Securitization obligations |  | 205 |  | 247
Securitization obligations | Apple Ridge Funding LLC |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Securitization obligations |  | 192 | [4],[5] | 238
Securitization obligations | Cartus Financing Limited |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Securitization obligations |  | 13 | [5],[6] | 9
Secured Debt [Member] | Term Loan B |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Long-term Debt |  | 1,069 | [7] | 1,839
Secured Debt [Member] | Term Loan A |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Long-term Debt |  | 411 | [8] | 433
Secured Debt [Member] | Term Loan A-1 |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Long-term Debt |  | 347 | [9] | 0
Senior Notes [Member] |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Total Short-Term & Long-Term Debt |  | 3,507 |  | 3,702
Senior Notes [Member] | 3.375% Senior Notes |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Long-term Debt |  | 0 |  | 499
Senior Notes [Member] | 4.50% Senior Notes |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Long-term Debt |  | 439 |  | 434
Senior Notes [Member] | 5.25% Senior Notes |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Long-term Debt |  | 545 |  | 297
Senior Notes [Member] | 4.875% Senior Notes |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Long-term Debt |  | $ 496 |  | $ 0
[1] | Not included in this table, the Company had $127 million of outstanding letters of credit at December 31, 2016 under the Unsecured Letter of Credit Facility with a weighted average rate of 2.93%. At December 31, 2016 the capacity of the facility was $131 million.
[2] | As of December 31, 2016, the Company had $815 million of borrowing capacity under its Revolving Credit Facility, leaving $615 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. See Note 20, "Subsequent Events" for a description of the January 2017 increase of the borrowing capacity under its Revolving Credit Facility. On February 21, 2017, the Company had $200 million outstanding borrowings on the Revolving Credit Facility, leaving $850 million of available capacity.
[3] | Interest rates with respect to revolving loans under the Senior Secured Credit Facility at December 31, 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 December 31, 2016.
[4] | As of December 31, 2016, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $133 million of available capacity.
[5] | Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[6] | Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of December 31, 2016, the Company had $19 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $6 million of available capacity.
[7] | 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%). See Note 20, "Subsequent Events" for a description of the January 2017 refinancing of the Term Loan B.
[8] | 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 December 31, 2016.
[9] | 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 December 31, 2016.

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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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