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Short And Long-Term Debt Securitization Obligations (Details) £ in Millions, $ in Millions | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2017 USD ($) | Mar. 31, 2016 USD ($) | Mar. 31, 2017 GBP (£) | Mar. 31, 2017 USD ($) | Dec. 31, 2016 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |  |
Securitization obligations |  |  |  |  | $ 172 |  | $ 205
Securitization obligations |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Securitization obligations |  |  |  |  | 172 |  | 205
Relocation receivables and other related relocation assets that collateralize securitization obligations |  |  |  |  | $ 216 |  | 238
Interest expense, debt |  | $ 1 | $ 1 |  |  |  |
Weighted average interest rate, securitization obligations |  |  | 2.60% | 3.30% | 3.30% |  |
Securitization obligations | Apple Ridge Funding LLC |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Total capacity, securitization obligations | [1],[2] |  |  |  | $ 325 |  |
Securitization obligations |  |  |  |  | 160 | [3],[4] | 192
Securitization obligations | Cartus Financing Limited |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Total capacity, securitization obligations | [1],[2] |  |  |  | 19 |  |
Securitization obligations |  |  |  |  | $ 12 | [4],[5] | $ 13
Securitization obligations | Cartus Financing Limited | Revolving Credit Facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Total capacity, securitization obligations | £ |  |  |  | £ 10 |  |  |
Securitization obligations | Cartus Financing Limited | Working Capital Facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Total capacity, securitization obligations | £ |  |  |  | £ 5 |  |  |
[1] | 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 March 31, 2017.
[2] | 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 March 31, 2017.
[3] | As of March 31, 2017, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $165 million of available capacity.
[4] | Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[5] | Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of March 31, 2017, the Company had $19 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $7 million of available capacity.

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