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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
EQUITY          
Preferred stock, par value (in usd per share) $ 0.01   $ 0.01   $ 0.01
Preferred stock, shares authorized (in shares) 1,090,000   1,090,000   1,090,000
Preferred stock, shares issued (in shares) 0   0   0
Preferred stock, shares outstanding (in shares) 0   0   0
Common stock, par value (in usd per share) $ 0.01   $ 0.01   $ 0.01
Common stock, shares authorized (in shares) 273,910,000   273,910,000   273,910,000
Common stock, shares issued (in shares) 32,577,256   32,577,256   32,547,258
Common stock, shares outstanding (in shares) 32,577,256   32,577,256   32,547,258
Restricted cash $ 41,000,000 $ 60,000,000 $ 41,000,000 $ 60,000,000 $ 33,000,000
Servicing advances, net 302,000,000   302,000,000   356,000,000
Total assets [1] 1,442,000,000   1,442,000,000   1,811,000,000
Mortgage warehouse and advance facilities 59,000,000   59,000,000   117,000,000
Total liabilities [1] 953,000,000   953,000,000   1,258,000,000
Pension adjustment, income tax benefit 6,000,000   6,000,000   6,000,000
Amounts reclassified out of accumulated other comprehensive loss 0 $ 0 0 $ 0  
Variable Interest Entity          
Restricted cash 10,000,000   10,000,000   10,000,000
Servicing advances, net 46,000,000   46,000,000   56,000,000
Total assets 56,000,000   56,000,000   66,000,000
Assets held as collateral 56,000,000   56,000,000   66,000,000
Mortgage warehouse and advance facilities 20,000,000   20,000,000   32,000,000
Total liabilities $ 20,000,000   $ 20,000,000   $ 32,000,000
[1] The Condensed Consolidated Balance Sheets include assets and liabilities of variable interest entities which can be used only to settle the obligations and liabilities of the variable interest entities which creditors or beneficial interest holders do not have recourse to PHH Corporation and subsidiaries. Refer to Note 12, 'Variable Interest Entities' for information about PHH Home Loans, LLC, whose assets and liabilities are part of the Company's discontinued operations, and as of June 30, 2018 is no longer a variable interest entity. The following assets and liabilities relate solely to risks associated with the Company's ongoing involvement in Servicing Advance Receivables Trust: June 30, 2018 December 31, 2017ASSETS Restricted cash$10 $10Servicing advances, net46 56Total assets$56 $66Assets held as collateral$56 $66 LIABILITIES Mortgage warehouse and advance facilities$20 $32Total liabilities$20 $32