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Short And Long-Term Debt Indebtedness Table (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
May 01, 2023
Dec. 31, 2022
Jan. 27, 2021
Principal Amount          
Long-term debt principal amount $ 2,902        
Securitization obligations 173     $ 163  
Unamortized Premium and Debt Issuance Costs          
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 24        
Net Amount          
Outstanding borrowings, long-term debt 2,878        
Securitization obligations $ 173     163  
SOFR          
Net Amount          
Description of variable interest rate basis SOFR        
ABR          
Net Amount          
Description of variable interest rate basis ABR        
LIBOR          
Net Amount          
Description of variable interest rate basis LIBOR        
Securitization obligation          
Net Amount          
Relocation receivables and other related relocation assets that collateralize securitization obligations $ 233     206  
Interest Expense, Debt $ 3 $ 1      
Weighted average interest rate, securitization obligations 7.00% 3.20%      
Revolving Credit Facility | Line of Credit          
Principal Amount          
Line of credit facility outstanding $ 380 [1],[2],[3]     350  
Net Amount          
Outstanding borrowings, short-term debt, line of credit facility 380 [1],[2],[3]     350  
Total capacity, short-term debt, line of credit facility 1,100        
Line of credit facility outstanding $ 380 [1],[2],[3]     350  
Revolving Credit Facility | Line of Credit | SOFR | Less than 2.00 to 1.00          
Net Amount          
Debt Instrument, Basis Spread on Variable Rate 1.75%        
Revolving Credit Facility | Line of Credit | ABR | Less than 2.00 to 1.00          
Net Amount          
Debt Instrument, Basis Spread on Variable Rate 0.75%        
Revolving Credit Facility | Letter of Credit          
Principal Amount          
Line of credit facility outstanding $ 35        
Net Amount          
Outstanding borrowings, short-term debt, line of credit facility 35        
Line of credit facility outstanding 35        
Revolving Credit Facility | Subsequent Event | Line of Credit          
Principal Amount          
Line of credit facility outstanding     $ 430    
Net Amount          
Outstanding borrowings, short-term debt, line of credit facility     430    
Line of credit facility outstanding     430    
Revolving Credit Facility | Subsequent Event | Letter of Credit          
Principal Amount          
Line of credit facility outstanding     36    
Net Amount          
Outstanding borrowings, short-term debt, line of credit facility     36    
Line of credit facility outstanding     $ 36    
Extended Term Loan A | Secured Debt          
Principal Amount          
Long-term debt principal amount 219 [4],[5]     222 $ 237
Unamortized Premium and Debt Issuance Costs          
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [4],[5] 0        
Net Amount          
Outstanding borrowings, long-term debt $ 219 [4],[5]     221  
Extended Term Loan A | Secured Debt | June 2021 to March 2022          
Net Amount          
Quarterly percentage of original principal amount for quarterly amortization payments 0.625%        
Extended Term Loan A | Secured Debt | June 2022 to March 2023          
Net Amount          
Quarterly percentage of original principal amount for quarterly amortization payments 1.25%        
Extended Term Loan A | Secured Debt | June 2023 to March 2024          
Net Amount          
Quarterly percentage of original principal amount for quarterly amortization payments 1.875%        
Extended Term Loan A | Secured Debt | June 2024 and thereafter          
Net Amount          
Quarterly percentage of original principal amount for quarterly amortization payments 2.50%        
Extended Term Loan A | Line of Credit | ABR | Less than 2.00 to 1.00          
Net Amount          
Debt Instrument, Basis Spread on Variable Rate 0.75%        
Extended Term Loan A | Line of Credit | LIBOR | Less than 2.00 to 1.00          
Net Amount          
Debt Instrument, Basis Spread on Variable Rate 1.75%        
5.75% Senior Notes | Senior Notes          
Principal Amount          
Long-term debt principal amount $ 900     900  
Unamortized Premium and Debt Issuance Costs          
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 1        
Net Amount          
Outstanding borrowings, long-term debt $ 899     899  
Debt Instrument, Interest Rate, Stated Percentage 5.75%        
5.25% Senior Notes | Senior Notes          
Principal Amount          
Long-term debt principal amount $ 1,000     1,000  
Unamortized Premium and Debt Issuance Costs          
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 15        
Net Amount          
Outstanding borrowings, long-term debt $ 985     985  
Debt Instrument, Interest Rate, Stated Percentage 5.25%        
0.25% Exchangeable Senior Notes | Convertible Debt          
Principal Amount          
Long-term debt principal amount $ 403     403  
Unamortized Premium and Debt Issuance Costs          
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 8        
Net Amount          
Outstanding borrowings, long-term debt $ 395     394  
Debt Instrument, Interest Rate, Stated Percentage 0.25%        
Apple Ridge Funding LLC | Securitization obligation          
Principal Amount          
Securitization obligations $ 173 [6]     163  
Net Amount          
Securitization obligations 173 [6]     $ 163  
Total capacity, securitization obligations 200        
Debt Instrument, Unused Borrowing Capacity, Amount $ 27        
[1] 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.
[2] 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.
[3] 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.
[4] 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.
[5] 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.
[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.