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Short And Long-Term Debt Schedule of Total Indebtedness (Details) - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |
Outstanding borrowings, long-term debt | $ 2,878 |  |
Total Short-Term & Long-Term Debt | 2,878 |  | $ 2,849
Securitization obligations | 173 |  | 163
Secured Debt | Extended Term Loan A |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |
Outstanding borrowings, long-term debt | 219 | [1],[2] | 221
Senior Notes | 5.75% Senior Notes |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |
Outstanding borrowings, long-term debt | 899 |  | 899
Senior Notes | 5.25% Senior Notes |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |
Outstanding borrowings, long-term debt | 985 |  | 985
Convertible Debt | 0.25% Exchangeable Senior Notes |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |
Outstanding borrowings, long-term debt | 395 |  | 394
Line of Credit | Revolving Credit Facility |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |
Line of credit facility outstanding | 380 | [3],[4],[5] | 350
Securitization obligation | Apple Ridge Funding LLC |  |  |
Schedule of Long-term and Short-term Debt Instruments [Line Items] |  |  |
Securitization obligations | $ 173 | [6] | $ 163
[1] | Interest rates with respect to outstanding borrowings under the Extended Term Loan A at March 31, 2023 are based on, at the Company's option, (a) adjusted London Interbank Offering Rate ("LIBOR") or (b) ABR plus (in each case) an additional margin 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 1.75% and the ABR margin was 0.75% for the three months ended March 31, 2023.
[2] | The Extended Term Loan A has quarterly amortization payments equal to a percentage per quarter of the original principal amount of $237 million, as follows: 0.625% per quarter from June 30, 2021 to March 31, 2022; 1.25% per quarter from June 30, 2022 to March 31, 2023; 1.875% per quarter from June 30, 2023 to March 31, 2024; and 2.50% per quarter for periods ending on or after June 30, 2024, with the balance of the Extended Term Loan A due at maturity on February 8, 2025.
[3] | As of March 31, 2023, the Company had $1,100 million of borrowing capacity under its Revolving Credit Facility. As of March 31, 2023, there were $380 million outstanding borrowings under the Revolving Credit Facility and $35 million of outstanding undrawn letters of credit. On May 1, 2023, the Company had $430 million outstanding borrowings under the Revolving Credit Facility and $36 million of outstanding undrawn letters of credit.
[4] | Interest rates with respect to revolving loans under the Revolving Credit Facility at March 31, 2023 are based on, at the Company's option, (a) a term Secured Overnight Financing Rate ("SOFR")-based rate including a 10 basis point credit spread adjustment or (b) JP Morgan Chase Bank, N.A.'s prime rate ("ABR") plus (in each case) an additional margin subject to adjustment based on the then current senior secured leverage ratio. Based on the previous quarter's senior secured leverage ratio, the margin was 1.75% and the ABR margin was 0.75% for the three months ended March 31, 2023.
[5] | The maturity date of the Revolving Credit Facility may spring forward to a date prior to July 2027 as follows: (i) if on or before March 16, 2026, the 0.25% Exchangeable Senior Notes have not been extended, refinanced or replaced to have a maturity date after October 26, 2027 (or are not otherwise discharged, defeased or repaid by March 16, 2026), the maturity date of the Revolving Credit Facility will be March 16, 2026; and (ii) if on or before November 9, 2024, the "term A loans" under the Term Loan A Agreement have not been extended, refinanced or replaced to have a maturity date after October 26, 2027 (or are not otherwise repaid by November 9, 2024), the maturity date of the Revolving Credit Facility will be November 9, 2024.
[6] | Anywhere Group currently has secured obligations through Apple Ridge Funding LLC under a securitization program which expires in June 2023. As of March 31, 2023, the Company had $200 million of borrowing capacity under the Apple Ridge Funding LLC securitization program with $173 million being utilized leaving $27 million of available capacity subject to maintaining sufficient relocation related assets to collateralize the securitization obligation. Certain of the funds that Anywhere Group receives from relocation receivables and related assets are required to be utilized to repay securitization obligations. These obligations are collateralized by $233 million and $206 million of underlying relocation receivables and other related relocation assets at March 31, 2023 and December 31, 2022, respectively. Substantially all relocation related assets are realized in less than twelve months from the transaction date. Accordingly, all of Anywhere Group's securitization obligations are classified as current in the accompanying Condensed Consolidated Balance Sheets. Interest incurred in connection with borrowings under the facility amounted to $3 million and $1 million for the three months ended March 31, 2023 and 2022, respectively. This interest is recorded within net revenues in the accompanying Condensed Consolidated Statements of Operations as related borrowings are utilized to fund Anywhere Group's relocation operations where interest is generally earned on such assets. The securitization obligation represent floating rate debt for which the average weighted interest rate was 7.0% and 3.2% for the three months ended March 31, 2023 and 2022, respectively.

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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 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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