XML 67 R44.htm IDEA: XBRL DOCUMENT v3.21.2
Short And Long-Term Debt Securitization Obligations (Details)
£ in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2021
GBP (£)
Dec. 31, 2020
USD ($)
Debt Instrument [Line Items]            
Securitization obligations $ 146   $ 146     $ 106
Securitization obligation            
Debt Instrument [Line Items]            
Relocation receivables and other related relocation assets that collateralize securitization obligations 174   174     135
Interest Expense, Debt $ 1 $ 1 $ 3 $ 4    
Weighted average interest rate, securitization obligations 3.20% 3.60% 3.20% 3.60% 3.20%  
Apple Ridge Funding LLC | Securitization obligation            
Debt Instrument [Line Items]            
Total capacity, securitization obligations $ 200   $ 200      
Securitization obligations 144 [1],[2]   144 [1],[2]     102
Debt Instrument, Unused Borrowing Capacity, Amount 56   56      
Cartus Financing Limited | Securitization obligation            
Debt Instrument [Line Items]            
Total capacity, securitization obligations 20   20      
Securitization obligations 2 [2],[3]   2 [2],[3]     $ 4
Debt Instrument, Unused Borrowing Capacity, Amount $ 18   $ 18      
Cartus Financing Limited | Securitization obligation | Revolving Credit Facility | Minimum Capacity            
Debt Instrument [Line Items]            
Total capacity, securitization obligations | £         £ 5  
Cartus Financing Limited | Securitization obligation | Revolving Credit Facility | Maximum Capacity            
Debt Instrument [Line Items]            
Total capacity, securitization obligations | £         10  
Cartus Financing Limited | Securitization obligation | Working Capital Facility            
Debt Instrument [Line Items]            
Total capacity, securitization obligations | £         £ 5  
7.625% Senior Secured Second Lien Notes | Secured Debt            
Debt Instrument [Line Items]            
Interest Rate 7.625%   7.625%   7.625%  
[1] As of September 30, 2021, the Company had $200 million of borrowing capacity under the Apple Ridge Funding LLC securitization program leaving $56 million of available capacity.
[2] Available capacity is subject to maintaining sufficient relocation related assets to collateralize these securitization obligations.
[3] Consists of a £10 million revolving loan facility and a £5 million working capital facility. As of September 30, 2021, the Company had $20 million of borrowing capacity under the Cartus Financing Limited securitization program leaving $18 million of available capacity. In August 2021, Realogy Group extended the existing Cartus Financing Limited securitization program to September 2021 and in September 2021 the program was amended and further extended from October 2021 to September 2022, consisting of a £5 million revolving loan facility and a £5 million working capital facility.