XML 38 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interest
Redeemable Noncontrolling Interest
Beginning Balance at Dec. 31, 2014 $ 1,571 $ 1 $ 989 $ 566 $ (11) $ 26  
Beginning Balance (in shares) at Dec. 31, 2014   51,143,723          
PHH Corporation Stockholders’ Equity              
Total comprehensive (loss) income (144)     (145) 1    
Reclassification to Redeemable noncontrolling interest (26)         (26) $ 26
Adjustment to redemption value of noncontrolling interest (Note 17) (2)   (2)       2
Stock compensation expense 9   9        
Stock issued under share-based payment plans (includes $9 benefit from excess tax shortfall) 2   2        
Stock issued under share-based payment plans (in shares)   204,126          
Repurchase and retirement of Common stock (78) $ (1) (72) (5)      
Repurchase and retirement of common stock (in shares)   (6,415,519)          
Conversion of Convertible notes (18) $ 1 (19)        
Conversion of Convertible notes (in shares)   10,075,653          
Recognition of deferred taxes related to Convertible notes 2   2        
Ending Balance at Dec. 31, 2015 1,316 $ 1 909 416 (10) 0  
Ending Balance (in shares) at Dec. 31, 2015   55,007,983          
Beginning Balance at Dec. 31, 2014             0
Redeemable Noncontrolling Interest              
Total comprehensive (loss) income             14
Distributions to noncontrolling interest             (10)
Adjustment to redemption value of noncontrolling interest (Note 17) (2)   (2)       2
Ending Balance at Dec. 31, 2015             32
PHH Corporation Stockholders’ Equity              
Total comprehensive (loss) income (202)     (202)      
Stock compensation expense 8   8        
Stock issued under share-based payment plans (includes $9 benefit from excess tax shortfall) (9)   (9)        
Stock issued under share-based payment plans (in shares)   100,222          
Repurchase and retirement of Common stock (23) $ 0 (23) 0      
Repurchase and retirement of common stock (in shares)   (1,508,772)          
Ending Balance at Dec. 31, 2016 $ 1,090 $ 1 885 214 (10) 0  
Ending Balance (in shares) at Dec. 31, 2016 53,599,433 53,599,433          
Redeemable Noncontrolling Interest              
Total comprehensive (loss) income             9
Distributions to noncontrolling interest             (8)
Ending Balance at Dec. 31, 2016 $ 33           33
PHH Corporation Stockholders’ Equity              
Total comprehensive (loss) income (216)     (217) 1    
Adjustment to redemption value of noncontrolling interest (Note 17) (24)   (24)       24
Stock compensation expense 9   9        
Reclassification of stock awards (4)   (4)        
Stock issued under share-based payment plans (includes $9 benefit from excess tax shortfall) (1)   (1)        
Stock issued under share-based payment plans (in shares)   161,253          
Repurchase and retirement of Common stock (301) $ (1) (300) 0      
Repurchase and retirement of common stock (in shares)   (21,213,428)          
Ending Balance at Dec. 31, 2017 $ 553 $ 0 565 $ (3) $ (9) $ 0  
Ending Balance (in shares) at Dec. 31, 2017 32,547,258 32,547,258          
Redeemable Noncontrolling Interest              
Total comprehensive (loss) income             23
Distributions to noncontrolling interest             (60)
Adjustment to redemption value of noncontrolling interest (Note 17) $ (24)   $ (24)       24
Reclassification to Mandatorily redeemable noncontrolling interest             (20)
Ending Balance at Dec. 31, 2017 $ 0           $ 0