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Note 8. Short And Long-Term Debt Schedule of Debt (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Feb. 22, 2019
Feb. 15, 2019
Feb. 28, 2018
Dec. 31, 2017
Jan. 31, 2017
Oct. 23, 2015
Principal Amount              
Long-term Debt, Gross [1] $ 3,806            
Outstanding borrowings, securitization obligations 231       $ 194    
Unamortized Discount and Debt Issuance Costs              
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [1] 27            
Net Amount              
Outstanding borrowings, long-term debt [1] 3,779            
Outstanding borrowings, securitization obligations 231       194    
Letter of Credit, borrowing capacity $ 125            
Unsecured Letter of Credit Facility              
Net Amount              
Interest Rate 3.33%            
Letter of Credit, borrowing capacity $ 66       74    
Outstanding letter of credit $ 63       69    
LIBOR              
Net Amount              
Description of variable interest rate basis LIBOR            
ABR              
Net Amount              
Description of variable interest rate basis ABR            
Securitization obligations              
Principal Amount              
Outstanding borrowings, securitization obligations $ 231       194    
Net Amount              
Outstanding borrowings, securitization obligations 231       194    
Revolving Credit Facility | Line of Credit              
Principal Amount              
Outstanding borrowings, short-term debt, line of credit facility 270 [2],[3]       70    
Net Amount              
Outstanding borrowings, short-term debt, line of credit facility 270 [2],[3]       70    
Line of credit facility borrowing capacity 1,400     $ 1,400   $ 1,050 $ 815
Available capacity, line or credit facility $ 1,130            
Revolving Credit Facility | Line of Credit | LIBOR | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00              
Net Amount              
Debt Instrument, basis spread on variable rate 2.25%            
Revolving Credit Facility | Line of Credit | ABR | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00              
Net Amount              
Debt Instrument, basis spread on variable rate 1.25%            
Revolving Credit Facility | Line of Credit | Subsequent Event              
Principal Amount              
Outstanding borrowings, short-term debt, line of credit facility   $ 880          
Net Amount              
Outstanding borrowings, short-term debt, line of credit facility   880          
Available capacity, line or credit facility   $ 520          
Term Loan B | LIBOR              
Net Amount              
Debt Instrument, basis spread on variable rate 2.25%            
Debt Instrument, basis spread on variable rate, floor 0.75%            
Term Loan B | ABR              
Net Amount              
Debt Instrument, basis spread on variable rate 1.25%            
Debt Instrument, basis spread on variable rate, floor 1.75%            
Term Loan B | Secured Debt              
Principal Amount              
Long-term Debt, Gross $ 1,069 [4]     1,080 1,083    
Unamortized Discount and Debt Issuance Costs              
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [4] 16            
Net Amount              
Outstanding borrowings, long-term debt $ 1,053 [4]       1,063    
Annual percentage of original principal amount for quarterly amortization payments 1.00%            
Term Loan A | Secured Debt              
Principal Amount              
Long-term Debt, Gross $ 736 [5]     $ 750 391    
Unamortized Discount and Debt Issuance Costs              
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [5] 4            
Net Amount              
Outstanding borrowings, long-term debt $ 732 [5]       390    
Term Loan A | Secured Debt | LIBOR | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00              
Net Amount              
Debt Instrument, basis spread on variable rate 2.25%            
Term Loan A | Secured Debt | ABR | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00              
Net Amount              
Debt Instrument, basis spread on variable rate 1.25%            
Term Loan A | Secured Debt | 2018              
Net Amount              
Annual percentage of original principal amount for quarterly amortization payments 2.50%            
Term Loan A | Secured Debt | 2019              
Net Amount              
Annual percentage of original principal amount for quarterly amortization payments 2.50%            
Term Loan A | Secured Debt | 2020              
Net Amount              
Annual percentage of original principal amount for quarterly amortization payments 5.00%            
Term Loan A | Secured Debt | 2021              
Net Amount              
Annual percentage of original principal amount for quarterly amortization payments 7.50%            
Term Loan A | Secured Debt | 2022              
Net Amount              
Annual percentage of original principal amount for quarterly amortization payments 10.00%            
4.50% Senior Notes | Senior Notes              
Principal Amount              
Long-term Debt, Gross $ 450       450    
Unamortized Discount and Debt Issuance Costs              
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 1            
Net Amount              
Outstanding borrowings, long-term debt $ 449       444    
Interest Rate 4.50%            
4.50% Senior Notes | Senior Notes | Subsequent Event              
Net Amount              
Debt Instrument, Repurchased Face Amount     $ 450        
5.25% Senior Notes | Senior Notes              
Principal Amount              
Long-term Debt, Gross $ 550       550    
Unamortized Discount and Debt Issuance Costs              
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 3            
Net Amount              
Outstanding borrowings, long-term debt $ 547       546    
Interest Rate 5.25%            
4.875% Senior Notes | Senior Notes              
Principal Amount              
Long-term Debt, Gross $ 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%            
Apple Ridge Funding LLC | Securitization obligations              
Principal Amount              
Outstanding borrowings, securitization obligations $ 218 [6],[7]       181    
Net Amount              
Outstanding borrowings, securitization obligations 218 [6],[7]       181    
Total capacity, securitization obligations 250            
Available capacity, debt 32            
Cartus Financing Limited | Securitization obligations              
Principal Amount              
Outstanding borrowings, securitization obligations 13 [7],[8]       13    
Net Amount              
Outstanding borrowings, securitization obligations 13 [7],[8]       $ 13    
Total capacity, securitization obligations 19            
Available capacity, debt $ 6            
[1] Not included in this table is the Company's Unsecured Letter of Credit Facility which had a capacity of $66 million with $63 million utilized at a weighted average rate of 3.33% at December 31, 2018
[2] As of December 31, 2018, the Company had $1,400 million of borrowing capacity under its Revolving Credit Facility, with $1,130 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 and terms and conditions of the facility. On February 15, 2019, the Company redeemed all of its outstanding $450 million 4.50% Senior Notes due in April 2019. The Company utilized borrowings under its Revolving Credit Facility to redeem the 4.50% Senior Notes and plans to refinance on a long-term basis all or a portion of the funds used to redeem the 4.50% Senior Notes, subject to market conditions. On February 22, 2019, the Company had $880 million in outstanding borrowings under the Revolving Credit Facility, leaving $520 million of available capacity.
[3] Interest rates with respect to revolving loans under the Senior Secured Credit Facility at December 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 2.25% and the ABR margin was 1.25% for the three months ended December 31, 2018.
[4] 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%).
[5] The Term Loan A provides for quarterly amortization payments, which commenced 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 balance of the Term Loan A due at maturity on February 8, 2023. The interest rates with respect to 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 2.25% and the ABR margin was 1.25% for the three months ended December 31, 2018.
[6] As of December 31, 2018, the Company had $250 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $32 million of available capacity.
[7] Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[8] Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of December 31, 2018, the Company had $19 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $6 million of available capacity.