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Short And Long-Term Debt Securitization Obligations (Details)
£ in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2017
GBP (£)
Jun. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
Debt Instrument [Line Items]              
Securitization obligations           $ 223 $ 205
Securitization obligations              
Debt Instrument [Line Items]              
Securitization obligations           223 205
Relocation receivables and other related relocation assets that collateralize securitization obligations           $ 288 238
Interest expense, debt $ 2 $ 2 $ 3 $ 3      
Weighted average interest rate, securitization obligations   2.50%   2.50% 3.40% 3.40%  
Securitization obligations | Apple Ridge Funding LLC              
Debt Instrument [Line Items]              
Total capacity, securitization obligations [1],[2]           $ 325  
Securitization obligations           211 [3],[4] 192
Securitization obligations | Cartus Financing Limited              
Debt Instrument [Line Items]              
Total capacity, securitization obligations [1],[2]           20  
Securitization obligations           $ 12 [3],[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 June 30, 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 June 30, 2017.
[3] Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[4] In June 2017, Realogy Group extended the existing Apple Ridge Funding LLC securitization program utilized by Cartus until June 2018. As of June 30, 2017, the Company had $325 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $114 million of available capacity.
[5] Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of June 30, 2017, the Company had $20 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $8 million of available capacity.