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Short And Long-Term Debt Indebtedness Table (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Apr. 24, 2024
Dec. 31, 2023
Jan. 27, 2021
Principal Amount          
Long-term debt principal amount $ 2,716        
Securitization obligations 110     $ 115  
Unamortized Premium and Debt Issuance Costs          
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 24        
Net Amount          
Outstanding borrowings, long-term debt 2,692        
Securitization obligations $ 110     115  
SOFR          
Net Amount          
Description of variable interest rate basis SOFR        
ABR          
Net Amount          
Description of variable interest rate basis ABR        
Securitization obligation          
Net Amount          
Relocation receivables and other related relocation assets that collateralize securitization obligations $ 143     146  
Interest Expense, Debt $ 2 $ 3      
Weighted average interest rate, securitization obligations 8.60% 7.00%      
Revolving Credit Facility | Line of Credit          
Principal Amount          
Line of credit facility outstanding $ 438 [1],[2],[3]     285  
Net Amount          
Outstanding borrowings, short-term debt, line of credit facility 438 [1],[2],[3]     285  
Total capacity, short-term debt, line of credit facility 1,100        
Line of credit facility outstanding $ 438 [1],[2],[3]     285  
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 | Line of Credit | Subsequent Event          
Principal Amount          
Line of credit facility outstanding     $ 525    
Net Amount          
Outstanding borrowings, short-term debt, line of credit facility     525    
Line of credit facility outstanding     525    
Revolving Credit Facility | Letter of Credit          
Principal Amount          
Line of credit facility outstanding $ 33        
Net Amount          
Outstanding borrowings, short-term debt, line of credit facility 33        
Line of credit facility outstanding 33        
Revolving Credit Facility | Letter of Credit | Subsequent Event          
Principal Amount          
Line of credit facility outstanding     34    
Net Amount          
Outstanding borrowings, short-term debt, line of credit facility     34    
Line of credit facility outstanding     $ 34    
Term Loan A Facility | Secured Debt          
Principal Amount          
Long-term debt principal amount 202 [4],[5]     206 $ 237
Unamortized Premium and Debt Issuance Costs          
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [4],[5] 1        
Net Amount          
Outstanding borrowings, long-term debt $ 201 [4],[5]     206  
Term Loan A Facility | Secured Debt | June 2022 to March 2023          
Net Amount          
Quarterly percentage of original principal amount for quarterly amortization payments 1.25%        
Term Loan A Facility | Secured Debt | June 2023 to March 2024          
Net Amount          
Quarterly percentage of original principal amount for quarterly amortization payments 1.875%        
Term Loan A Facility | Secured Debt | June 2024 and thereafter          
Net Amount          
Quarterly percentage of original principal amount for quarterly amortization payments 2.50%        
Term Loan A Facility | Secured Debt | SOFR | Less than 2.00 to 1.00          
Net Amount          
Debt Instrument, Basis Spread on Variable Rate 1.75%        
Term Loan A Facility | Secured Debt | ABR | Less than 2.00 to 1.00          
Net Amount          
Debt Instrument, Basis Spread on Variable Rate 0.75%        
7.00% Senior Secured Second Lien Notes | Secured Debt          
Principal Amount          
Long-term debt principal amount $ 640     640  
Unamortized Premium and Debt Issuance Costs          
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 12        
Net Amount          
Outstanding borrowings, long-term debt $ 628     627  
Interest Rate 7.00%        
5.75% Senior Notes | Senior Notes          
Principal Amount          
Long-term debt principal amount $ 576     576  
Unamortized Premium and Debt Issuance Costs          
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 0        
Net Amount          
Outstanding borrowings, long-term debt $ 576     576  
Interest Rate 5.75%        
5.25% Senior Notes | Senior Notes          
Principal Amount          
Long-term debt principal amount $ 457     457  
Unamortized Premium and Debt Issuance Costs          
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 6        
Net Amount          
Outstanding borrowings, long-term debt $ 451     451  
Interest Rate 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 5        
Net Amount          
Outstanding borrowings, long-term debt $ 398     397  
Interest Rate 0.25%        
Apple Ridge Funding LLC | Securitization obligation          
Principal Amount          
Securitization obligations $ 110 [6]     115  
Net Amount          
Securitization obligations 110 [6]     $ 115  
Total capacity, securitization obligations 200        
Debt Instrument, Unused Borrowing Capacity, Amount $ 90        
[1] The maturity date of the Revolving Credit Facility is July 27, 2027 and may spring forward to an earlier date 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.
[2] As of March 31, 2024, the Company had $1,100 million of borrowing capacity under its Revolving Credit Facility. As of March 31, 2024, there were $438 million of outstanding borrowings under the Revolving Credit Facility and $33 million of outstanding undrawn letters of credit. On April 24, 2024, the Company had $525 million of outstanding borrowings under the Revolving Credit Facility and $34 million of outstanding undrawn letters of credit.
[3] The interest rate with respect to revolving loans under the Revolving Credit Facility at March 31, 2024 is based on, at the Company's option, Term Secured Overnight Financing Rate (" SOFR") plus a 10 basis point credit spread adjustment or 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 SOFR margin was 1.75% and the ABR margin was 0.75% for the three months ended March 31, 2024.
[4] The interest rate with respect to outstanding borrowings under the Term Loan A Facility at March 31, 2024 is based on, at the Company's option, Term SOFR plus a 10 basis point credit spread adjustment or 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 SOFR margin was 1.75% and the ABR margin was 0.75% for the three months ended March 31, 2024.
[5] The Term Loan A Facility provides for quarterly amortization payments based on a percentage of the original principal amount of $237 million as follows: 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 Term Loan A Facility due at maturity on February 8, 2025.
[6] Anywhere Group has secured obligations through Apple Ridge Funding LLC under a securitization program which expires in May 2024 and for which the Company is currently engaged in the renewal process. As of March 31, 2024, the Company had $200 million of borrowing capacity under the Apple Ridge Funding LLC securitization program with $110 million being utilized leaving $90 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 $143 million and $146 million of underlying relocation receivables and other related relocation assets at March 31, 2024 and December 31, 2023, 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 $2 million and $3 million for the three months ended March 31, 2024 and 2023, 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 obligations represent floating rate debt for which the average weighted interest rate was 8.6% and 7.0% for the three months ended March 31, 2024 and 2023, respectively.