Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $) In Millions, except Share data	Jun. 30, 2011		Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 212		$ 195
Restricted investments, at fair value	241		254
Restricted cash, cash equivalents and investments	535		531
Mortgage loans held for sale	1,707		4,329
Accounts receivable, net	672		573
Net investment in fleet leases	3,526		3,492
Property, plant and equipment, net	60		46
Other assets	504		637
Total assets	8,749	[1]	11,270	[1]
LIABILITIES
Accounts payable and accrued expenses	452		521
Debt	5,697		8,085
Other liabilities	280		358
Total liabilities	7,151	[1]	9,692	[1]
EQUITY
Preferred stock, par value	$ 0.01		$ 0.01
Preferred stock, shares authorized	1,090,000		1,090,000
Preferred stock, shares issued	0		0
Preferred stock, shares outstanding	0		0
Common stock, par value	$ 0.01		$ 0.01
Common stock, shares authorized	273,910,000		273,910,000
Common stock, shares issued	56,330,713		55,699,218
Common stock, shares outstanding	56,330,713		55,699,218
Variable Interest Entity [Member]
ASSETS
Cash and cash equivalents	36		47
Restricted cash, cash equivalents and investments	262		241
Mortgage loans held for sale	364		389
Accounts receivable, net	79		64
Net investment in fleet leases	3,311		3,356
Property, plant and equipment, net	1		1
Other assets	57		82
Total assets	4,110		4,180
LIABILITIES
Accounts payable and accrued expenses	21		38
Debt	3,300		3,367
Other liabilities	5		5
Total liabilities	$ 3,326		$ 3,410

[1] The Condensed Consolidated Balance Sheets include assets of variable interest entities which can be used only to settle their obligations and liabilities of variable interest entities which creditors or beneficial interest holders do not have recourse to PHH Corporation and subsidiaries as follows: