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Short And Long-Term Debt Securitization Obligations (Details)
£ in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
USD ($)
Mar. 31, 2017
USD ($)
Mar. 31, 2018
GBP (£)
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Debt Instrument [Line Items]          
Securitization obligations       $ 184 $ 194
Securitization obligations          
Debt Instrument [Line Items]          
Securitization obligations       184 194
Relocation receivables and other related relocation assets that collateralize securitization obligations       $ 239 218
Interest expense, debt $ 2 $ 1      
Weighted average interest rate, securitization obligations   3.30% 3.60% 3.60%  
Securitization obligations | Apple Ridge Funding LLC          
Debt Instrument [Line Items]          
Total capacity, securitization obligations [1],[2]       $ 250  
Securitization obligations       170 [1],[3] 181
Securitization obligations | Cartus Financing Limited          
Debt Instrument [Line Items]          
Total capacity, securitization obligations [1],[2]       21  
Securitization obligations       $ 14 [1],[4] $ 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] Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[2] 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.
[3] 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.
[4] 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.