XML 136 R107.htm IDEA: XBRL DOCUMENT
v3.20.4

Subsequent Events (Details) $ in Millions | 3 Months Ended |  |  |  |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 31, 2021 | Feb. 05, 2021 USD ($) | Feb. 04, 2021 USD ($) | Jan. 27, 2021 USD ($) | Jan. 11, 2021 USD ($) | Dec. 31, 2020 USD ($) | Jul. 24, 2020 | Jun. 30, 2020 | Dec. 31, 2019 USD ($) | Feb. 28, 2018 USD ($)
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Long-term Debt, Gross |  |  |  |  |  | $ 3,239 |  |  |  |  |
Senior secured leverage ratio |  |  |  |  |  | 1.70 |  |  |  |  |
Ratio of Indebtedness to Net Capital Denominator |  |  |  |  |  | 1.00 |  |  |  |  |
Required Covenant Ratio from April 2022 (2020 Amendment) | Maximum |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Senior secured leverage ratio |  |  |  |  |  |  |  | 4.75 |  |  |
Ratio of Indebtedness to Net Capital Denominator |  |  |  |  |  |  |  | 1.00 |  |  |
Suggested Covenant Ratio compliance for additional covenants under 2020 Amendments from July 24 2020 to June 30, 2021 | Maximum |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Senior secured leverage ratio |  |  |  |  |  |  |  | 5.50 |  |  |
Ratio of Indebtedness to Net Capital Denominator |  |  |  |  |  |  |  | 1.00 |  |  |
Required Covenant Ratio | Maximum |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Senior secured leverage ratio |  |  |  |  |  |  |  |  | 4.75 |  |
Ratio of Indebtedness to Net Capital Denominator |  |  |  |  |  |  |  |  | 1.00 |  |
Subsequent Event | Required Covenant Ratio from December 2020 to June 2021 | Maximum |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Senior secured leverage ratio |  |  |  | 5.25 |  |  |  |  |  |  |
Ratio of Indebtedness to Net Capital Denominator |  |  |  | 1.00 |  |  |  |  |  |  |
Subsequent Event | Required Covenant Ratio from July 2021 to March 2022 | Maximum |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Senior secured leverage ratio |  |  |  | 5.00 |  |  |  |  |  |  |
Ratio of Indebtedness to Net Capital Denominator |  |  |  | 1.00 |  |  |  |  |  |  |
Subsequent Event | Required Covenant Ratio from April 2022 (2020 Amendment) | Maximum |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Senior secured leverage ratio |  |  |  | 4.75 |  |  |  |  |  |  |
Ratio of Indebtedness to Net Capital Denominator |  |  |  | 1.00 |  |  |  |  |  |  |
Subsequent Event | Suggested Covenant Ratio compliance for additional covenants under 2021 Amendment until June 30, 2021 | Maximum |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Senior secured leverage ratio |  |  |  | 5.00 |  |  |  |  |  |  |
Ratio of Indebtedness to Net Capital Denominator |  |  |  | 1.00 |  |  |  |  |  |  |
Subsequent Event | Required Covenant Ratio for election by Company to end the amended covenant period under 2021 Amendment | Maximum |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Senior secured leverage ratio |  |  |  | 4.75 |  |  |  |  |  |  |
Ratio of Indebtedness to Net Capital Denominator |  |  |  | 1.00 |  |  |  |  |  |  |
5.75% Senior Notes | Senior Notes | Subsequent Event |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Long-term Debt, Gross |  | $ 900 | $ 300 |  | $ 600 |  |  |  |  |  |
Interest Rate |  |  |  |  | 5.75% |  |  |  |  |  |
Debt Instrument, Issue Price, Percentage | 101.50% |  |  |  |  |  |  |  |  |  |
4.875% Senior Notes | Senior Notes |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Long-term Debt, Gross |  |  |  |  |  | $ 407 |  |  |  | $ 407 |
Interest Rate |  |  |  |  |  | 4.875% |  |  |  |  |
Term Loan A | Subsequent Event |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Repurchase Amount |  | 250 |  |  |  |  |  |  |  |  |
Term Loan A | Secured Debt |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Long-term Debt, Gross |  |  |  |  |  | $ 684 | [1] |  |  | 717 | $ 750
Term Loan A | Secured Debt | June 2021 to March 2022 |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Quarterly percentage of original principal amount for quarterly amortization payments |  |  |  |  |  | 1.875% |  |  |  |  |
Term Loan A | Secured Debt | Subsequent Event |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Long-term Debt, Gross |  |  |  |  | $ 434 |  |  |  |  |  |
Term Loan B | Subsequent Event |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Repurchase Amount |  | $ 655 |  |  |  |  |  |  |  |  |
Term Loan B | Secured Debt |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Long-term Debt, Gross |  |  |  |  |  | $ 1,048 | [2] |  |  | $ 1,058 | $ 1,080
Extended Term Loan A | Secured Debt | Subsequent Event |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Long-term Debt, Gross |  |  |  | $ 237 |  |  |  |  |  |  |
Extended Term Loan A | Secured Debt | Subsequent Event | June 2021 to March 2022 |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Quarterly percentage of original principal amount for quarterly amortization payments |  |  |  | 0.625% |  |  |  |  |  |  |
Extended Term Loan A | Secured Debt | Subsequent Event | June 2022 to March 2023 |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Quarterly percentage of original principal amount for quarterly amortization payments |  |  |  | 1.25% |  |  |  |  |  |  |
Extended Term Loan A | Secured Debt | Subsequent Event | June 2023 to March 2024 |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Quarterly percentage of original principal amount for quarterly amortization payments |  |  |  | 1.875% |  |  |  |  |  |  |
Extended Term Loan A | Secured Debt | Subsequent Event | June 2024 and thereafter |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Quarterly percentage of original principal amount for quarterly amortization payments |  |  |  | 2.50% |  |  |  |  |  |  |
Extended Revolving Credit Facility | Subsequent Event | Line of Credit |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Line of credit facility borrowing capacity |  |  |  | $ 948 |  |  |  |  |  |  |
Revolving Credit Facility | Line of Credit |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |
Line of credit facility borrowing capacity |  |  |  |  |  | $ 1,425 |  |  |  |  |
[1] | The Term Loan A Facility provides for quarterly amortization payments, equal to a percentage of the original principal amount of the Term Loan A, as follows: 0.625% per quarter from June 30, 2018 to March 31, 2020; 1.25% per quarter from June 30, 2020 to March 31, 2021; 1.875% per quarter from June 30, 2021 to March 31, 2022; and 2.50% per quarter for periods ending on or after June 30, 2022, with the balance of the Term Loan A Facility due at maturity on February 8, 2023. The interest rates with respect to the Term Loan A Facility 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 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2020. See Note 20, "Subsequent Events", for a description of the January and February issuances of 5.75% Senior Notes and amendments to the Senior Secured Credit Facility and Term Loan A Facility.
[2] | The Term Loan B Facility 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 Facility 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%). See Note 20, "Subsequent Events", for a description of the January and February issuances of 5.75% Senior Notes and the January 2021 amendments to the Senior Secured Credit Facility and Term Loan A Facility.

X
- Definition Percentage price of original principal amount of debt issued at a premium + References No definition available. + Details
Name: | rlgy_DebtInstrumentIssuePricePercentage
Namespace Prefix: | rlgy_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Quarterly percentage of original principal amount for quarterly amortization payments + References No definition available. + Details
Name: | rlgy_QuarterlyPercentageOfOriginalPrincipalAmountForQuarterlyAmortizationPayments
Namespace Prefix: | rlgy_
Data Type: | num:percentItemType
Balance Type: | na
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 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=120520924&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=120400017&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=120391452&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=120398452&loc=d3e534808-122878 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt 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(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

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 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=120391452&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
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. + References No definition available. + Details
Name: | us-gaap_SubsequentEventLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | rlgy_DebtCovenantRatioAxis=rlgy_RequiredCovenantRatioFromApril20222020AmendmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | rlgy_DebtCovenantRatioAxis=rlgy_SuggestedCovenantRatioComplianceForAdditionalCovenantsUnder2020AmendmentFromJuly242020ToJune302021Member
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: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_DebtCovenantRatioAxis=rlgy_RequiredCovenantRatioFromDecember2020ToJune2021Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_DebtCovenantRatioAxis=rlgy_RequiredCovenantRatioFromJuly2021ToMarch2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_DebtCovenantRatioAxis=rlgy_SuggestedCovenantRatioComplianceForAdditionalCovenantsUnder2021AmendmentUntilJune302021Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_DebtCovenantRatioAxis=rlgy_RequiredCovenantRatioForElectionByCompanyToEndTheAmendedCovenantPeriodUnder2021AmendmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rlgy_A575SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rlgy_A4.875SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rlgy_TermLoanAMember
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: |

X
- Details
Name: | rlgy_QuarterlyAmortizationPaymentsAxis=rlgy_June2021ToMarch2022Member
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_DebtInstrumentAxis=rlgy_ExtendedTermLoanAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_QuarterlyAmortizationPaymentsAxis=rlgy_June2022ToMarch2023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_QuarterlyAmortizationPaymentsAxis=rlgy_June2023ToMarch2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rlgy_QuarterlyAmortizationPaymentsAxis=rlgy_June2024AndThereafterMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rlgy_ExtendedRevolvingCreditFacilityMember
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: |