SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Details 2) - USD ($) $ in Millions		Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents		$ 906		$ 1,259	$ 1,126
Restricted cash		47		56
Accounts receivable, net		81		123
Property and equipment, net		47		36
Other assets		257		208
Total assets		3,652	[1]	4,296
LIABILITIES
Accounts payable and accrued expenses		251		244
Debt		1,358		1,739
Other liabilities		137		70
Total liabilities		$ 2,304	[1]	$ 2,725
Commitments and contingencies
EQUITY
Preferred stock		$ 0		$ 0
Common stock		1		1
Additional paid-in capital		911		989
Retained earnings		416		566
Accumulated other comprehensive loss	[2]	(10)		(11)
Total PHH Corporation stockholders’ equity		1,318		1,545
Total liabilities and equity		3,652		4,296
Parent Company
ASSETS
Cash and cash equivalents		745		1,115	$ 969	$ 634
Restricted cash		10		9
Accounts receivable, net		5		5
Due from subsidiaries		273		248
Investment in subsidiaries		881		1,000
Property and equipment, net		12		10
Other assets		76		74
Total assets		2,002		2,461
LIABILITIES
Accounts payable and accrued expenses		50		65
Debt		615		831
Other liabilities		19		20
Total liabilities		$ 684		$ 916
Commitments and contingencies
EQUITY
Preferred stock		$ 0		$ 0
Common stock		1		1
Additional paid-in capital		911		989
Retained earnings		416		566
Accumulated other comprehensive loss		(10)		(11)
Total PHH Corporation stockholders’ equity		1,318		1,545
Total liabilities and equity		$ 2,002		$ 2,461

[1] The Consolidated Balance Sheets include assets of variable interest entities which can be used only to settle the obligations and liabilities of variable interest entities which creditors or beneficial interest holders do not have recourse to PHH Corporation and subsidiaries as follows: December 31, 2015 2014ASSETS Cash and cash equivalents$80 $85Restricted cash18 23Mortgage loans held for sale389 378Accounts receivable, net5 8Servicing advances, net157 155Property and equipment, net1 1Other assets12 8Total assets$662 $658 LIABILITIES Accounts payable and accrued expenses$14 $16Debt456 443Other liabilities6 11Total liabilities$476 $470

[2] Includes amounts recorded related to the Company's defined benefit pension plan, net of income tax benefits of $6 million as of both December 31, 2015 and 2014. During the year ended December 31, 2015, there were no amounts reclassified out of Accumulated other comprehensive loss. During the year ended December 31, 2014, upon the disposition of the Fleet business, the Company realized a $22 million currency translation gain and reclassified the amount to Income from discontinued operations, net of tax.