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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of calculations of basic and diluted earnings or loss per share attributable to the entity
The following table summarizes the calculations of basic and diluted earnings or loss per share attributable to PHH Corporation for the periods indicated:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
 
(In millions, except share and per share data)
Net loss attributable to PHH Corporation
$
(12
)
 
$
(62
)
 
$
(42
)
 
$
(41
)
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding — basic & diluted
53,568,357

 
51,135,313

 
53,635,793

 
51,154,163

 
 
 
 
 
 
 
 
Basic and Diluted loss per share attributable to PHH Corporation
$
(0.22
)
 
$
(1.20
)
 
$
(0.78
)
 
$
(0.80
)
 
Summary of anti-dilutive securities excluded from the computation of dilutive shares
The following table summarizes anti-dilutive securities excluded from the computation of diluted shares:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
Outstanding stock-based compensation awards(1) 
1,946,982

 
1,836,791

 
1,946,982

 
1,836,791

Assumed conversion of debt securities
—

 
8,482,846

 
—

 
8,751,067

 ———————
(1) 
For the three and six months ended June 30, 2016, excludes 493,657 shares that are contingently issuable for which the contingency has not been met.