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Short And Long-Term Debt Schedule of Debt (Details)
£ in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
GBP (£)
May 01, 2018
USD ($)
Mar. 31, 2018
USD ($)
Feb. 28, 2018
USD ($)
Dec. 31, 2017
USD ($)
Jan. 31, 2017
USD ($)
Principal Amount            
Long-term debt principal amount [1]     $ 3,813      
Securitization obligations outstanding     184   $ 194  
Unamortized Discount and Debt Issuance Costs            
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [1]     34      
Net Amount            
Outstanding borrowings, long-term debt [1]     3,779      
Securitization obligations outstanding     184   194  
Letter of Credit, borrowing capacity     $ 125      
LIBOR            
Net Amount            
Description of variable interest rate basis LIBOR          
ABR            
Net Amount            
Description of variable interest rate basis ABR          
Term Loan B (1) | LIBOR            
Net Amount            
Debt Instrument, Basis Spread on Variable Rate 2.25%          
Debt Instrument, Basis Spread on Variable Rate, Floor 0.75%   0.75%      
Term Loan B (1) | ABR            
Net Amount            
Debt Instrument, Basis Spread on Variable Rate 1.25%          
Debt Instrument, Basis Spread on Variable Rate, Floor 1.75%   1.75%      
Unsecured Letter of Credit Facility            
Net Amount            
Interest Rate 3.24%   3.24%      
Outstanding letters of credit     $ 66   69  
Letter of Credit, borrowing capacity     74   74  
Secured Debt | Term Loan B (1)            
Principal Amount            
Long-term debt principal amount     1,077 [2] $ 1,080 1,083  
Unamortized Discount and Debt Issuance Costs            
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [2]     17      
Net Amount            
Outstanding borrowings, long-term debt [3]     $ 1,060 [2]   1,063  
Annual percentage of original principal amount for quarterly amortization payments 1.00%   1.00%      
Secured Debt | Term Loan A            
Principal Amount            
Long-term debt principal amount     $ 750 [4] 750 391  
Unamortized Discount and Debt Issuance Costs            
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [4]     5      
Net Amount            
Outstanding borrowings, long-term debt [3]     $ 745 [4]   390  
Secured Debt | 2018 | Term Loan A            
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 2.50%   2.50%      
Secured Debt | 2020 | Term Loan A            
Net Amount            
Annual percentage of original principal amount for quarterly amortization payments 5.00%   5.00%      
Secured Debt | 2021 | Term Loan A            
Net Amount            
Annual percentage of original principal amount for quarterly amortization payments 7.50%   7.50%      
Secured Debt | 2022 | Term Loan A            
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 but greater than or equal to 2.00 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 but greater than or equal to 2.00 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 principal amount     $ 450   450  
Unamortized Discount and Debt Issuance Costs            
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net     5      
Net Amount            
Outstanding borrowings, long-term debt     $ 445   444  
Interest Rate 4.50%   4.50%      
Senior Notes | 5.25% Senior Notes            
Principal Amount            
Long-term debt principal amount     $ 550   550  
Unamortized Discount and Debt Issuance Costs            
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net     4      
Net Amount            
Outstanding borrowings, long-term debt     $ 546   546  
Interest Rate 5.25%   5.25%      
Senior Notes | 4.875% Senior Notes            
Principal Amount            
Long-term debt principal amount     $ 500   500  
Unamortized Discount and Debt Issuance Costs            
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net     3      
Net Amount            
Outstanding borrowings, long-term debt     $ 497   496  
Interest Rate 4.875%   4.875%      
Line of Credit | Revolving Credit Facility            
Principal Amount            
Line of credit facility outstanding     $ 302 [5],[6]   70  
Net Amount            
Outstanding borrowings, short-term debt, line of credit facility     302 [5],[6]   70  
Total capacity, short-term debt, line of credit facility     1,400 [5],[6] $ 1,400   $ 1,050
Line of Credit Facility, Remaining Borrowing Capacity     1,098      
Line of Credit | Less than 2.50 to 1.00 but greater than or equal to 2.00 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 but greater than or equal to 2.00 to 1.00 | Revolving Credit Facility | ABR            
Net Amount            
Debt Instrument, Basis Spread on Variable Rate 1.00%          
Securitization obligations            
Principal Amount            
Securitization obligations outstanding     184   194  
Net Amount            
Securitization obligations outstanding     184   194  
Securitization obligations | Apple Ridge Funding LLC            
Principal Amount            
Securitization obligations outstanding     170 [7],[8]   181  
Net Amount            
Securitization obligations outstanding     170 [7],[8]   181  
Total capacity, securitization obligations [4],[8]     250      
Debt Instrument, Unused Borrowing Capacity, Amount     80      
Securitization obligations | Cartus Financing Limited            
Principal Amount            
Securitization obligations outstanding     14 [8],[9]   13  
Net Amount            
Securitization obligations outstanding     14 [8],[9]   $ 13  
Total capacity, securitization obligations [4],[8]     21      
Debt Instrument, Unused Borrowing Capacity, Amount     $ 7      
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          
Subsequent Event | Line of Credit | Revolving Credit Facility            
Principal Amount            
Line of credit facility outstanding [5],[6]   $ 372        
Net Amount            
Outstanding borrowings, short-term debt, line of credit facility [5],[6]   372        
Line of Credit Facility, Remaining Borrowing Capacity   $ 1,028        
[1] Not included in this table is the Company's Unsecured Letter of Credit Facility which had a capacity of $74 million with $66 million utilized at a weighted average rate of 3.24% at March 31, 2018.
[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 2.25% (with a LIBOR floor of 0.75%) or (b) ABR plus 1.25% (with an ABR floor of 1.75%).
[3] As of March 31, 2018, after giving effect to the February 2018 refinancing transactions discussed in this Note 5 under the headings "Senior Secured Credit Facility" and "Term Loan A Facility."
[4] The Term Loan A provides for quarterly amortization payments, which commence on June 30, 2018, totaling per annum 2.5%, 2.5%, 5.0%, 7.5% and 10.0% of the original principal amount of the Term Loan A, with the last amortization payment to be made on February 8, 2023. 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, 2018.
[5] As of March 31, 2018, the Company had $1,400 million of borrowing capacity under its Revolving Credit Facility, leaving $1,098 million of available capacity. The Revolving Credit Facility expires in February 2023, but is classified on the balance sheet as current due to the revolving nature of the facility. On May 1, 2018, the Company had $372 million in outstanding borrowings under the Revolving Credit Facility, leaving $1,028 million of available capacity.
[6] Interest rates with respect to revolving loans under the Senior Secured Credit Facility at March 31, 2018 were based on, at the Company's option, (a) adjusted London Interbank Offering Rate ("LIBOR") plus an additional margin or (b) JP Morgan Chase Bank, N.A.'s prime rate ("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, 2018.
[7] As of March 31, 2018, the Company had $250 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $80 million of available capacity.
[8] Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[9] Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of March 31, 2018, the Company had $21 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $7 million of available capacity.