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Short And Long-Term Debt Indebtedness Table (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Jul. 30, 2024
Dec. 31, 2023
Jan. 27, 2021
Principal Amount              
Long-term debt principal amount $ 2,682   $ 2,682        
Securitization obligations 152   152     $ 115  
Unamortized Premium and Debt Issuance Costs              
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 22   22        
Net Amount              
Outstanding borrowings, long-term debt 2,660   2,660        
Securitization obligations 152   $ 152     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 214   $ 214     146  
Interest Expense, Debt $ 2 $ 3 $ 4 $ 6      
Weighted average interest rate, securitization obligations 8.40% 7.10% 8.40% 7.10%      
Revolving Credit Facility | Line of Credit              
Principal Amount              
Line of credit facility outstanding $ 410 [1],[2],[3]   $ 410 [1],[2],[3]     285  
Net Amount              
Outstanding borrowings, short-term debt, line of credit facility 410 [1],[2],[3]   410 [1],[2],[3]     285  
Total capacity, short-term debt, line of credit facility 1,100   1,100        
Line of credit facility outstanding 410 [1],[2],[3]   $ 410 [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         $ 400    
Net Amount              
Outstanding borrowings, short-term debt, line of credit facility         400    
Line of credit facility outstanding         400    
Revolving Credit Facility | Letter of Credit              
Principal Amount              
Line of credit facility outstanding 33   $ 33        
Net Amount              
Outstanding borrowings, short-term debt, line of credit facility 33   33        
Line of credit facility outstanding 33   33        
Revolving Credit Facility | Letter of Credit | Subsequent Event              
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    
Term Loan A Facility | Secured Debt              
Principal Amount              
Long-term debt principal amount 196 [4],[5]   196 [4],[5]     206 $ 237
Unamortized Premium and Debt Issuance Costs              
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net [4],[5] 0   0        
Net Amount              
Outstanding borrowings, long-term debt $ 196 [4],[5]   $ 196 [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%   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%   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%   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     640  
Unamortized Premium and Debt Issuance Costs              
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 11   11        
Net Amount              
Outstanding borrowings, long-term debt $ 629   $ 629     627  
Interest Rate 7.00%   7.00%        
5.75% Senior Notes | Senior Notes              
Principal Amount              
Long-term debt principal amount $ 576   $ 576     576  
Unamortized Premium and Debt Issuance Costs              
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 0   0        
Net Amount              
Outstanding borrowings, long-term debt $ 576   $ 576     576  
Interest Rate 5.75%   5.75%        
5.25% Senior Notes | Senior Notes              
Principal Amount              
Long-term debt principal amount $ 457   $ 457     457  
Unamortized Premium and Debt Issuance Costs              
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 6   6        
Net Amount              
Outstanding borrowings, long-term debt $ 451   $ 451     451  
Interest Rate 5.25%   5.25%        
0.25% Exchangeable Senior Notes | Convertible Debt              
Principal Amount              
Long-term debt principal amount $ 403   $ 403     403  
Unamortized Premium and Debt Issuance Costs              
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 5   5        
Net Amount              
Outstanding borrowings, long-term debt $ 398   $ 398     397  
Interest Rate 0.25%   0.25%        
Apple Ridge Funding LLC | Securitization obligation              
Principal Amount              
Securitization obligations $ 152 [6]   $ 152 [6]     115  
Net Amount              
Securitization obligations 152 [6]   152 [6]     $ 115  
Total capacity, securitization obligations 200   200        
Debt Instrument, Unused Borrowing Capacity, Amount $ 48   $ 48        
[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 June 30, 2024, the Company had $1,100 million of borrowing capacity under its Revolving Credit Facility. As of June 30, 2024, there were $410 million of outstanding borrowings under the Revolving Credit Facility and $33 million of outstanding undrawn letters of credit. On July 30, 2024, the Company had $400 million of outstanding borrowings under the Revolving Credit Facility and $33 million of outstanding undrawn letters of credit.
[3] The interest rate with respect to revolving loans under the Revolving Credit Facility at June 30, 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 June 30, 2024.
[4] The interest rate with respect to outstanding borrowings under the Term Loan A Facility at June 30, 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 June 30, 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] In May 2024, Anywhere Group extended the existing Apple Ridge Funding LLC securitization program until May 30, 2025. As of June 30, 2024, the Company had $200 million of borrowing capacity under the Apple Ridge Funding LLC securitization program with $152 million being utilized leaving $48 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 $214 million and $146 million of underlying relocation receivables and other related relocation assets at June 30, 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 June 30, 2024 and 2023, respectively, as well as $4 million and $6 million for the six months ended June 30, 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 8.4% and 7.1% for the six months ended June 30, 2024 and 2023, respectively.