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Short And Long-Term Debt Schedule of Total Indebtedness (Details) - USD ($) $ in Millions | Sep. 30, 2019 | Dec. 31, 2018
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Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt | [1] | $ 3,753 |  |
Total Short-Term & Long-Term Debt |  | 3,525 |  | $ 3,548
Securitization obligations |  | 228 |  | 231
Secured Debt | Term Loan B |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt |  | 1,047 | [2] | 1,053
Secured Debt | Term Loan A |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt |  | 718 | [3] | 732
Senior Notes | 4.50% Senior Notes |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt |  | 0 |  | 449
Senior Notes | 5.25% Senior Notes |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt |  | 548 |  | 547
Senior Notes | 4.875% Senior Notes |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt |  | 405 |  | 497
Senior Notes | 9.375% Senior Notes |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Outstanding borrowings, long-term debt |  | 542 |  | 0
Line of Credit | Revolving Credit Facility |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Line of credit facility outstanding |  | 265 | [4],[5] | 270
Securitization obligations |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Securitization obligations |  | 228 |  | 231
Securitization obligations | Apple Ridge Funding LLC |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Securitization obligations |  | 216 | [6],[7] | 218
Securitization obligations | Cartus Financing Limited |  |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |  |
Securitization obligations |  | $ 12 | [7],[8] | $ 13
[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] | 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] | 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'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] | 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.
[5] | 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.
[6] | As of September 30, 2019, the Company had $250 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $34 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 September 30, 2019, the Company had $18 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $6 million of available capacity. In August 2019, Realogy Group extended the existing Cartus Financing Limited securitization program to August 2020.

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + 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(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: 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 Reference 3: 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 + Details
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