XML 70 R52.htm IDEA: XBRL DOCUMENT
v3.19.3

Short And Long-Term Debt Senior Secured Credit Facility (Details) - USD ($) $ in Millions | 9 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Sep. 30, 2019 | Dec. 31, 2018 | Feb. 28, 2018 | Jan. 31, 2017 | Jul. 31, 2016 | Mar. 05, 2013
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Repurchased amount of debt |  | $ 93 |  |  |  |  |  |
Long-term debt principal amount | [1] | 3,783 |  |  |  |  |  |
Letter of Credit, borrowing capacity |  | $ 125 |  |  |  |  |  |
Additional Credit Facilities |  |  |  |  |  |  |  | $ 500
Maximum | Required Covenant Ratio to Receive Additional Credit Facilities |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Senior secured leverage ratio |  | 3.50 |  |  |  |  |  |
Ratio of Indebtedness to Net Capital Denominator |  | 1.00 |  |  |  |  |  |
Maximum | Required Covenant Ratio |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Senior secured leverage ratio |  | 4.75 |  |  |  |  |  |
Ratio of Indebtedness to Net Capital Denominator |  | 1.00 |  |  |  |  |  |
LIBOR |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Description of variable interest rate basis |  | LIBOR |  |  |  |  |  |
ABR |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Description of variable interest rate basis |  | ABR |  |  |  |  |  |
Term Loan B | LIBOR |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 2.25% |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate, Floor |  | 0.75% |  |  |  |  |  |
Term Loan B | ABR |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 1.25% |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate, Floor |  | 1.75% |  |  |  |  |  |
Line of Credit | Revolving Credit Facility |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Line of credit facility borrowing capacity |  | $ 1,425 | [2],[3] |  | $ 1,400 | $ 1,050 |  |
Line of Credit Facility, Increase (Decrease), Net | [2],[3] | $ 25 |  |  |  |  |  |
Line of Credit | Revolving Credit Facility | LIBOR | Greater than 3.50 to 1.00 |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 2.50% |  |  |  |  |  |
Line of Credit | Revolving Credit Facility | LIBOR | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 2.25% |  |  |  |  |  |
Line of Credit | Revolving Credit Facility | LIBOR | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00 |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 2.00% |  |  |  |  |  |
Line of Credit | Revolving Credit Facility | LIBOR | Less than 2.00 to 1.00 |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 1.75% |  |  |  |  |  |
Line of Credit | Revolving Credit Facility | ABR | Greater than 3.50 to 1.00 |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 1.50% |  |  |  |  |  |
Line of Credit | Revolving Credit Facility | ABR | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00 |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 1.25% |  |  |  |  |  |
Line of Credit | Revolving Credit Facility | ABR | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00 |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 1.00% |  |  |  |  |  |
Line of Credit | Revolving Credit Facility | ABR | Less than 2.00 to 1.00 |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 0.75% |  |  |  |  |  |
Secured Debt | Term Loan B |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Repurchased amount of debt |  |  |  |  |  |  | $ 1,100 |
Long-term debt principal amount |  | $ 1,061 | [4] | $ 1,069 | $ 1,080 |  |  |
Annual percentage of original principal amount for quarterly amortization payments |  | 1.00% |  |  |  |  |  |
[1] | Not included in this table is the Company's Unsecured Letter of Credit Facility which had a capacity of $66 million with $56 million utilized at a weighted average rate of 3.33% at September 30, 2019.
[2] | As of September 30, 2019, the Company had $1,425 million of borrowing capacity under its Revolving Credit Facility. 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 November 5, 2019, the Company had $255 million in outstanding borrowings under the Revolving Credit Facility and $27 million of outstanding letters of credit.
[3] | Interest rates with respect to revolving loans under the Senior Secured Credit Facility at September 30, 2019 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's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2019.
[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%).

X
- Definition The amount of additional credit facilities permitted to be obtained by the Company under the Amended and Restated Credit Agreement if the Company's senior secured leverage ratio is less than 3.50 to 1.00 on a pro forma basis. + References No definition available. + Details
Name: | rlgy_AdditionalCreditFacilities
Namespace Prefix: | rlgy_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Annual percentage of the original principal amount for which quarterly amortization payments are made. + References No definition available. + Details
Name: | rlgy_Annualpercentageoforiginalprincipalamountforquarterlyamortizationpayments
Namespace Prefix: | rlgy_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition LIBOR floor amount. + References No definition available. + Details
Name: | rlgy_DebtInstrumentBasisSpreadOnVariableRateFloor
Namespace Prefix: | rlgy_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Maximum borrowing capacity under the letter of credit facility. + References No definition available. + Details
Name: | rlgy_LetterOfCreditBorrowingCapacity
Namespace Prefix: | rlgy_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Ratio of Indebtedness to Net Capital Denominator + References No definition available. + Details
Name: | rlgy_RatioOfIndebtednessToNetCapitalDenominator
Namespace Prefix: | rlgy_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=109500613&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentDescriptionOfVariableRateBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value amount of debt instrument that was repurchased. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRepurchaseAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of increase (decrease) of the credit facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Indebtedness divided by net capital. + References No definition available. + Details
Name: | us-gaap_RatioOfIndebtednessToNetCapital1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_DebtCovenantRatioAxis=rlgy_RequiredCovenantRatioToReceiveAdditionalCreditFacilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_DebtCovenantRatioAxis=rlgy_RequiredCovenantRatioMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_InterestRateTypeAxis=rlgy_LiborMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_InterestRateTypeAxis=rlgy_AbrMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rlgy_TermLoanBFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_SeniorSecuredLeverageRatioScenarioAxis=rlgy_Greaterthan3.50to1.00Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_SeniorSecuredLeverageRatioScenarioAxis=rlgy_Lessthanorequalto3.50to1.00butgreaterthanorequalto2.50to1.00Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_SeniorSecuredLeverageRatioScenarioAxis=rlgy_Lessthan2.50to1.00butgreaterthanorequalto2.00to1.00Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_SeniorSecuredLeverageRatioScenarioAxis=rlgy_Lessthan2.00to1.00Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |