Travelport Worldwide (TVPT) 10-Q 4 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 04, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	Travelport Worldwide LTD
Entity Central Index Key	1,424,755
Trading Symbol	tvpt
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		122,492,876
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Net revenue	$ 554	$ 551	$ 1,126	$ 1,123
Costs and expenses
Cost of revenue	335	337	684	690
Selling, general and administrative	98	97	226	185
Depreciation and amortization	58	57	119	113
Total costs and expenses	491	491	1,029	988
Operating income	63	60	97	135
Interest expense, net	(39)	(87)	(78)	(170)
Loss on early extinguishment of debt		(9)		(14)
Gain on sale of shares of Orbitz Worldwide		52	6	52
Income before income taxes and share of earnings (losses) in equity method investments	24	16	25	3
Provision for income taxes	(8)	(12)	(16)	(22)
Share of earnings (losses) in equity method investments		1		(3)
Net income (loss)	16	5	9	(22)
Net income attributable to non-controlling interest in subsidiaries	(1)	(1)	(2)	(3)
Net income (loss) attributable to the Company	$ 15	$ 4	$ 7	$ (25)
Income (loss) per share - Basic:
Income (loss) per share (in dollars per share)	$ 0.13	$ 0.05	$ 0.06	$ (0.38)
Weighted average common shares outstanding - Basic (in share)	122,269,482	69,376,053	121,842,792	66,304,416
Income (loss) per share - Diluted:
Income (loss) per share (in dollars per share)	$ 0.12	$ 0.05	$ 0.06	$ (0.38)
Weighted average common shares outstanding - Diluted (in share)	122,717,897	71,426,025	122,672,763	66,304,416
Cash dividends declared per Common Share (in dollars per share)	$ 0.075		$ 0.15

CONSOLIDATED CONDENSED STATEME3

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 16	$ 5	$ 9	$ (22)
Other comprehensive income (loss), net of tax:
Currency translation adjustment, net of tax		1	(6)	2
Changes in gain on available-for-sale securities, net of tax			(6)
Changes in loss on cash flow hedges, net of tax		5		4
Unrealized loss on equity investment, net of tax		(3)		(4)
Other comprehensive income (loss), net of tax		3	(12)	2
Comprehensive income (loss)	16	8	(3)	(20)
Comprehensive income attributable to non-controlling interest in subsidiaries	(1)	(1)	(2)	(3)
Comprehensive income (loss) attributable to the Company	$ 15	$ 7	$ (5)	$ (23)

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 127	$ 139
Accounts receivable (net of allowances for doubtful accounts of $16 and $14)	232	184
Deferred income taxes	3	5
Other current assets	93	84
Total current assets	455	412
Property and equipment, net	438	414
Goodwill	996	997
Trademarks and tradenames	314	314
Other intangible assets, net	585	619
Cash held as collateral	22	26
Deferred income taxes	9	9
Other non-current assets	91	101
Total assets	2,910	2,892
Current liabilities:
Accounts payable	69	73
Accrued expenses and other current liabilities	440	426
Current portion of long-term debt	58	56
Total current liabilities	567	555
Long-term debt	2,401	2,384
Deferred income taxes	56	54
Other non-current liabilities	240	237
Total liabilities	$ 3,264	$ 3,230
Commitments and contingencies (Note 9)
Shareholders' equity (deficit):
Preference shares ($0.0025 par value; 225,000,000 shares authorized; no shares issued and outstanding as of both June 30, 2015 and December 31, 2014)
Common shares ($0.0025 par value; 560,000,000 shares authorized; 122,492,876 and 121,411,360 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively)
Additional paid in capital	$ 2,702	$ 2,715
Accumulated deficit	(2,891)	(2,898)
Accumulated other comprehensive loss	(186)	(174)
Total shareholders' equity (deficit)	(375)	(357)
Equity attributable to non-controlling interest in subsidiaries	21	19
Total equity (deficit)	(354)	(338)
Total liabilities and equity	$ 2,910	$ 2,892

CONSOLIDATED CONDENSED BALANCE5

CONSOLIDATED CONDENSED BALANCE SHEETS (unaudited) (Parentheticals) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Allowances for doubtful accounts receivable (in dollars)	$ 16	$ 14
Preferred stock, par value (in dollars per share)	$ 0.0025	$ 0.0025
Preferred stock, share authorized	225,000,000	225,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value (in dollars per share)	$ 0.0025	$ 0.0025
Common stock, shares authorized	560,000,000	560,000,000
Common stock, shares issued	122,492,876	121,411,360
Common stock, shares outstanding	122,492,876	121,411,360

CONSOLIDATED CONDENSED STATEME6

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities
Net income (loss)	$ 9	$ (22)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	119	113
Amortization of customer loyalty payments	36	37
Gain on sale of shares of Orbitz Worldwide	(6)	(52)
Amortization of debt finance costs	3	6
Accrual of repayment fee and amortization of debt discount	2	5
Loss on early extinguishment of debt		14
(Gain) loss on foreign exchange derivative instruments	(8)	1
Payment-in-kind interest		12
Share of losses in equity method investments		3
Equity-based compensation	19	9
Deferred income taxes	4	5
Customer loyalty payments	(42)	(45)
Pension liability contribution	(2)	(3)
Changes in assets and liabilities:
Accounts receivable	(48)	(38)
Other current assets	(5)	9
Accounts payable, accrued expenses and other current liabilities	(1)	(22)
Other	12	10
Net cash provided by operating activities	92	42
Investing activities
Property and equipment additions	(52)	(54)
Proceeds from sale of shares of Orbitz Worldwide	6	54
Business acquired, net of cash		(10)
Purchase of equity method investment		(10)
Net cash used in investing activities	(46)	(20)
Financing activities
Proceeds from revolver borrowings		50
Repayment of revolver borrowings		(50)
Repayment of term loans	(12)	(8)
Repayment of capital lease obligations	(16)	(15)
Release of cash provided as collateral	4	9
Purchase of non-controlling interest in subsidiary		(65)
Dividend to shareholders	(19)
Payment related to early extinguishment of debt		(3)
Tax withholding for equity awards	(14)
Other		(1)
Net cash used in financing activities	(57)	(83)
Effect of changes in exchange rate on cash and cash equivalents	(1)
Net decrease in cash and cash equivalents	(12)	(61)
Cash and cash equivalents at beginning of period	139	154
Cash and cash equivalents at end of period	127	93
Supplementary disclosures of cash flow information
Interest payments	73	150
Income tax payments, net	13	13
Non-cash exchange of debt for equity		317
Non-cash capital leases additions (Note 4)	25	$ 6
Non-cash purchase of property and equipment	$ 27

CONSOLIDATED CONDENSED STATEME7

CONSOLIDATED CONDENSED STATEMENT OF CHANGES IN TOTAL EQUITY (DEFICIT) (unaudited) - 6 months ended Jun. 30, 2015 - USD ($) $ in Millions	Common Shares	Additional Paid in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Non- Controlling Interest in Subsidiaries	Total
Balance at Dec. 31, 2014		$ 2,715	$ (2,898)	$ (174)	$ 19	$ (338)
Balance, (in shares) at Dec. 31, 2014	121,411,360
Dividend to shareholders		(19)				(19)
Equity-based compensation		20				20
Equity-based compensation (in shares)	1,857,479
Tax withholding for equity awards		(14)				(14)
Tax withholding for equity awards (in shares)	(775,963)
Comprehensive income (loss), net of tax			7	(12)	2	(3)
Balance at Jun. 30, 2015		$ 2,702	$ (2,891)	$ (186)	$ 21	$ (354)
Balance (in shares) at Jun. 30, 2015	122,492,876

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation Basis of Presentation Travelport Worldwide Limited (the “Company” or “Travelport”) is a travel commerce platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. With a presence in over 170 countries, the Travelport business is comprised of: The Travel Commerce Platform, through which the Company facilitates travel commerce by connecting the world’s leading travel providers, such as airlines and hotel chains, with online and offline travel buyers in the Company’s proprietary business to business (“B2B”) travel commerce platform. As travel industry needs evolve, Travelport is utilizing its Travel Commerce Platform to redefine the electronic distribution and merchandising of airline core and ancillary products, as well as extending its reach into the growing world of travel commerce beyond air, including to hotel, car rental, rail, cruise-line and tour operators. In addition, Travelport has leveraged its domain expertise in the travel industry to design a pioneering B2B payment solution that addresses the need of travel agencies to efficiently and securely make payments to travel providers globally. Travelport utilizes the extensive data managed by its platform to provide an array of additional services, such as advertising solutions, subscription services, business intelligence data services, and marketing-oriented analytical tools to travel agencies, travel providers and other travel data users. Through its Technology Services, Travelport provides critical hosting solutions to airlines, such as pricing, shopping, ticketing, ground handling and other solutions, enabling them to focus on their core business competencies and reduce costs. The Company manages reservations, inventory management and other related critical systems for Delta Air Lines Inc. These financial statements and other financial information included in this Quarterly Report on Form 10-Q are unaudited, with the exception of the December 31, 2014 balance sheet which was derived from audited financial statements. These consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Certain disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. In presenting the consolidated condensed financial statements in accordance with U.S. GAAP, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgments and available information. Accordingly, actual results could differ from those estimates. In management’s opinion, the consolidated condensed financial statements contain all normal recurring adjustments necessary for a fair presentation of interim results reported. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire year or any subsequent interim period. These financial statements should be read in conjunction with the Company’s 2014 Annual Report on Form 10-K filed with the SEC on February 27, 2015.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	2. Recently Issued Accounting Pronouncements Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued guidance on revenue from contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of the time value of money in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. In July 2015, the FASB decided to delay the effective date of the new revenue guidance issued in May 2014 by one year but allowed companies a choice to adopt the guidance as of the original effective date that was set out in May 2014. The Company has decided to defer the application date and, consequently, the May 2014 revenue recognition guidance will be applicable to the Company for interim and annual reporting periods beginning after December 15, 2017. The guidance permits the use of either a retrospective or cumulative effect transition method. The Company has not yet selected a transition method and is currently evaluating the impact of the amended guidance on its consolidated condensed financial statements. Simplifying the Presentation of Debt Issuance Costs In April 2015, the FASB issued new guidance which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. The guidance does not affect the recognition and measurement of debt issuance costs which would continue to be calculated using the interest method and be reported as interest expense. Additionally, the other areas of U.S. GAAP that prescribe the accounting treatment for third-party debt issuance costs will not be affected. The guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted for financial statements that have not been previously issued. The new guidance will be applied on a retrospective basis when applicable. The Company had unamortized debt issuance costs in relation to its term loans of  $26 million and $28 million as of June 30, 2015 and December 31, 2014, respectively. These costs will be reclassified from other non-current assets to long-term debt upon adoption of the guidance. Consolidation—Amendments to the Consolidation Analysis In February 2015, the FASB issued an update to the consolidation analysis under U.S. GAAP. This update changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted and may be applied retrospectively. The Company does not anticipate an impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Income Statement—Extraordinary and Unusual Items In January 2015, the FASB issued an update as an initiative to reduce complexity in accounting standards by eliminating the concept of extraordinary items from U.S. GAAP. This update eliminates the requirements to consider whether an underlying event or transaction is extraordinary. However, the presentation and disclosure guidance for items that are unusual in nature or occur infrequently are retained and are expanded to include items that are both unusual in nature and infrequently occurring. The guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted and may be applied retrospectively or prospectively. The Company does not anticipate an impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Going Concern In August 2014, the FASB issued guidance on disclosures of uncertainties about an entity’s ability to continue as a going concern. The guidance requires management to assess a company’s ability to continue as a going concern and to provide related footnote disclosures in certain circumstances. Disclosures are required when conditions give rise to substantial doubt about the company’s ability to continue as a going concern within one year from the financial statements issuance date. The guidance is applicable to the Company for the annual period ending December 31, 2016 and all annual and interim periods thereafter. The Company does not anticipate an impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Compensation—Stock Compensation In June 2014, the FASB issued guidance on accounting for stock compensation where share-based payment awards granted to employees require specific performance targets to be achieved in order for employees to become eligible to vest in the awards and such performance targets could be achieved after an employee completes the requisite service period. The amendment in this update requires a performance target that affects vesting and that could be achieved after the requisite service period to be treated as a performance condition. The guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2015, although earlier adoption is permitted. The Company does not anticipate an impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Discontinued Operations In April 2014, the FASB issued guidance on discontinued operations that increased the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The Company adopted the provisions of this guidance effective January 1, 2015, as required. There was no impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Accounting for Cumulative Translation Adjustment In March 2013, the FASB issued guidance on a parent company’s accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity. The guidance provides the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided, or, if a controlling financial interest is no longer held. The Company adopted the provisions of this guidance effective January 1, 2015, as required. There was no impact on the consolidated condensed financial statements resulting from the adoption of this guidance.

Other Current Assets

Other Current Assets	6 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets	3. Other Current Assets Other current assets consisted of: (in $ millions) ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ Sales and use tax receivables ​ ​ ​ $ 26 ​ ​ ​ ​ $ 28 ​ ​ Prepaid expenses ​ ​ ​ ​ 26 ​ ​ ​ ​ ​ 20 ​ ​ Restricted cash ​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 9 ​ ​ Prepaid incentives ​ ​ ​ ​ 12 ​ ​ ​ ​ ​ 13 ​ ​ Available-for-sale securities ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6 ​ ​ Derivative assets ​ ​ ​ ​ 3 ​ ​ ​ ​ ​ — ​ ​ Other ​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 8 ​ ​ ​ ​ ​ ​ $ 93 ​ ​ ​ ​ $ 84 ​ ​ ​ Restricted cash represents cash held on behalf of clients for a short period of time before being transferred to travel industry partners. A compensating balance is held in accrued expenses and other current liabilities as customer prepayments. In February 2015, the Company sold all of its available-for-sale securities, which represented shares of common stock of Orbitz Worldwide, Inc. (“Orbitz Worldwide”), realizing a gain of  $6 million, all of which was included in and reclassified from accumulated other comprehensive loss.

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	4. Property and Equipment, Net Property and equipment, net, consisted of: ​ ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ (in $ millions) ​ ​ Cost ​ ​ Accumulated depreciation ​ ​ Net ​ ​ Cost ​ ​ Accumulated depreciation ​ ​ Net ​ Capitalized software ​ ​ ​ $ 816 ​ ​ ​ ​ $ (582 ) ​ ​ ​ ​ $ 234 ​ ​ ​ ​ $ 772 ​ ​ ​ ​ $ (554 ) ​ ​ ​ ​ $ 218 ​ ​ Computer equipment ​ ​ ​ ​ 280 ​ ​ ​ ​ ​ (148 ) ​ ​ ​ ​ ​ 132 ​ ​ ​ ​ ​ 297 ​ ​ ​ ​ ​ (175 ) ​ ​ ​ ​ ​ 122 ​ ​ Building and leasehold improvements ​ ​ ​ ​ 23 ​ ​ ​ ​ ​ (8 ) ​ ​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 24 ​ ​ ​ ​ ​ (9 ) ​ ​ ​ ​ ​ 15 ​ ​ Construction in progress ​ ​ ​ ​ 57 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 57 ​ ​ ​ ​ ​ 59 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 59 ​ ​ ​ ​ ​ ​ $ 1,176 ​ ​ ​ ​ $ (738 ) ​ ​ ​ ​ $ 438 ​ ​ ​ ​ $ 1,152 ​ ​ ​ ​ $ (738 ) ​ ​ ​ ​ $ 414 ​ ​ ​ The Company recorded depreciation expense (including depreciation on assets under capital leases) of $39 million and $37 million during the three months ended June 30, 2015 and 2014, respectively. The Company recorded depreciation expense of  $81 million and $74 million during the six months ended June 30, 2015 and 2014, respectively. As of June 30, 2015 and December 31, 2014, the Company had capital lease assets of  $149 million and $152 million, respectively, with accumulated depreciation of  $50 million and $63 million, respectively, included within computer equipment. During the six months ended June 30, 2015, the Company terminated certain of its capital lease arrangements and retired $40 million of assets. Simultaneously, the Company acquired $65 million of similar assets under capital leases. The amount of interest on capital projects capitalized was $1 million and $3 million for the three months ended June 30, 2015 and 2014, respectively. The amount of interest on capital projects capitalized was $2 million and $5 million for the six months ended June 30, 2015 and 2014, respectively.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	5. Intangible Assets The changes in the carrying amount of goodwill and intangible assets for the Company between January 1, 2015 and June 30, 2015 are as follows: (in $ millions) ​ ​ January 1, 2015 ​ ​ Additions ​ ​ Retirements ​ ​ Foreign Exchange ​ ​ June 30, 2015 ​ Non-Amortizable Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ ​ ​ $ 997 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ (1 ) ​ ​ ​ ​ $ 996 ​ ​ Trademarks and tradenames ​ ​ ​ ​ 314 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 314 ​ ​ Other Intangible Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired intangible assets ​ ​ ​ ​ 1,129 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3 ) ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1,127 ​ ​ Accumulated amortization ​ ​ ​ ​ (687 ) ​ ​ ​ ​ ​ (38 ) ​ ​ ​ ​ ​ 3 ​ ​ ​ ​ (1 ) ​ ​ ​ ​ ​ (723 ) ​ ​ Acquired intangible assets, net ​ ​ ​ ​ 442 ​ ​ ​ ​ ​ (38 ) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ 404 ​ ​ Customer loyalty payments ​ ​ ​ ​ 334 ​ ​ ​ ​ ​ 43 ​ ​ ​ ​ ​ (43 ) ​ ​ ​ ​ ​ (3 ) ​ ​ ​ ​ ​ 331 ​ ​ Accumulated amortization ​ ​ ​ ​ (157 ) ​ ​ ​ ​ ​ (36 ) ​ ​ ​ ​ ​ 43 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (150 ) ​ ​ Customer loyalty payments, net ​ ​ ​ ​ 177 ​ ​ ​ ​ ​ 7 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3 ) ​ ​ ​ ​ ​ 181 ​ ​ Other intangible assets, net ​ ​ ​ $ 619 ​ ​ ​ ​ $ (31 ) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ (3 ) ​ ​ ​ ​ $ 585 ​ ​ ​ The changes in the carrying amount of goodwill and intangible assets for the Company between January 1, 2014 and June 30, 2014 are as follows: (in $ millions) ​ ​ January 1, 2014 ​ ​ Additions ​ ​ Retirements ​ ​ Foreign Exchange ​ ​ June 30, 2014 ​ Non-Amortizable Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ ​ ​ $ 986 ​ ​ ​ ​ $ 14 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 1,000 ​ ​ Trademarks and tradenames ​ ​ ​ ​ 314 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 314 ​ ​ Other Intangible Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired intangible assets ​ ​ ​ ​ 1,129 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1,130 ​ ​ Accumulated amortization ​ ​ ​ ​ (610 ) ​ ​ ​ ​ ​ (39 ) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (649 ) ​ ​ Acquired intangible assets, net ​ ​ ​ ​ 519 ​ ​ ​ ​ ​ (39 ) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 481 ​ ​ Customer loyalty payments ​ ​ ​ ​ 306 ​ ​ ​ ​ ​ 72 ​ ​ ​ ​ ​ (44 ) ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 335 ​ ​ Accumulated amortization ​ ​ ​ ​ (154 ) ​ ​ ​ ​ ​ (37 ) ​ ​ ​ ​ ​ 44 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (147 ) ​ ​ Customer loyalty payments, net ​ ​ ​ ​ 152 ​ ​ ​ ​ ​ 35 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 188 ​ ​ Other intangible assets, net ​ ​ ​ $ 671 ​ ​ ​ ​ $ (4 ) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 2 ​ ​ ​ ​ $ 669 ​ ​ ​ The Company is in the process of allocating the purchase consideration to acquired identifiable assets and liabilities in respect of an acquisition made in December 2014 for a total cash consideration of  $5 million. The Company paid cash of  $42 million and $45 million for customer loyalty payments during the six months ended June 30, 2015 and 2014, respectively. Further, as of June 30, 2015 and December 31, 2014, the Company had balances payable of  $53 million and $52 million, respectively, for customer loyalty payments (see Note 6—Accrued Expenses and Other Current Liabilities). Amortization expense for acquired intangible assets, which consists of customer relationships, was $19 million and $20 million for the three months ended June 30, 2015 and 2014, respectively, and $38 million and $39 million for the six months ended June 30, 2015 and 2014, respectively, and is included as a component of depreciation and amortization on the Company’s consolidated condensed statements of operations. Amortization expense for customer loyalty payments was $18 million and $19 million for the three months ended June 30, 2015 and 2014, respectively, and $36 million and $37 million for the six months ended June 30, 2015 and 2014, respectively, and is included within cost of revenue or revenue in the Company’s consolidated condensed statements of operations. In July 2015, the Company made an acquisition for total cash consideration of  €55 million ($61 million), net of cash acquired (see Note 13—Subsequent Events).

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	6 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	6. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of: (in $ millions) ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ Accrued commissions and incentives ​ ​ ​ $ 272 ​ ​ ​ ​ $ 260 ​ ​ Accrued payroll and related ​ ​ ​ ​ 56 ​ ​ ​ ​ ​ 59 ​ ​ Deferred revenue ​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 27 ​ ​ Customer prepayments ​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 9 ​ ​ Accrued interest expense ​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 18 ​ ​ Income tax payable ​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 16 ​ ​ Derivative contracts ​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 16 ​ ​ Pension and post-retirement benefit liabilities ​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 2 ​ ​ Other ​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 19 ​ ​ ​ ​ ​ ​ $ 440 ​ ​ ​ ​ $ 426 ​ ​ ​ Included in accrued commissions and incentives are $53 million and $52 million of accrued customer loyalty payments as of June 30, 2015 and December 31, 2014, respectively.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Long-Term Debt	7. Long-Term Debt Long-term debt consisted of: (in $ millions) ​ ​ Interest rate ​ ​ Maturity ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ Secured debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Senior Secured Credit Agreement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollar denominated (1) ​ ​ L+4.75% ​ ​ September 2021 ​ ​ ​ $ 2,337 ​ ​ ​ ​ $ 2,347 ​ ​ Revolver borrowings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollar denominated ​ ​ L+5.00% ​ ​ September 2019 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ Capital leases and other indebtedness ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 122 ​ ​ ​ ​ ​ 93 ​ ​ Total debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,459 ​ ​ ​ ​ ​ 2,440 ​ ​ Less: current portion ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 58 ​ ​ ​ ​ ​ 56 ​ ​ Long-term debt ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,401 ​ ​ ​ ​ $ 2,384 ​ ​ ​ ​ (1) Minimum LIBOR floor of 1.00% ​ During the six months ended June 30, 2015, the Company (i) repaid $12 million of its quarterly installments of term loans as required under the senior secured credit agreement, (ii) amortized $3 million of debt finance costs and $2 million of debt discount and (iii) repaid $16 million and terminated $40 million of its capital leases and entered into $65 million of new capital leases for information technology assets. In March 2015, the Company’s credit rating improved and, under the terms of the senior secured credit agreement, the applicable rate in respect of its term loans was reduced by 0.25%, with immediate effect. The interest rate applicable to the term loans is currently based on, at the Company’s election, (i) LIBOR plus 4.75% or (ii) base rate (as defined in the agreement) plus 3.75%. The term loans are subject to a LIBOR floor of 1.00% and a base rate floor of 2.00%. The Company expects to pay interest based on LIBOR plus 4.75% for the term loans. Under the senior secured credit agreement, the Company has a $125 million revolving credit facility with a consortium of banks, which contains a letter of credit sub-limit up to a maximum of  $50 million. As of June 30, 2015, the Company had no outstanding borrowings under its revolving credit facility and utilized $12 million for the issuance of letters of credit, with a balance of  $113 million remaining. The senior secured credit agreement also permits the issuance of certain cash collateralized letters of credit in addition to those that can be issued under the revolving credit facility, whereby 103% of cash collateral has to be maintained for outstanding letters of credit. As of June 30, 2015, the Company had $21 million of cash collateralized letters of credit issued and outstanding, against which the Company provided $22 million as cash collateral. As of June 30, 2015, the Company was in compliance with all debt covenants under the senior secured credit agreement.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	8. Financial Instruments The Company uses derivative financial instruments as part of its overall strategy to manage its exposure to market risks primarily associated with fluctuations in foreign currency exchange rates. The Company does not use derivatives for trading or speculative purposes. During the six months ended June 30, 2015, there was no material change in the Company’s foreign currency risk management policies or in its fair value methodology. As of June 30, 2015, the Company had a net liability position of  $7 million related to derivative financial instruments associated with its foreign currency denominated receivables and payables, and forecasted earnings of its foreign subsidiaries. The primary interest rate risk exposure as of June 30, 2015 was the impact of LIBOR interest rates on the Company’s dollar denominated variable rate term loan borrowings. The term loans have a 1.00% LIBOR floor. During the six months ended June 30, 2015, LIBOR rates were below 1.00%. Presented below is a summary of the fair value of the Company’s derivative contracts, which have not been designated as hedging instruments, recorded on the consolidated condensed balance sheets at fair value. ​ ​ ​ Balance Sheet ​ ​ Fair Value Asset ​ ​ Balance Sheet ​ ​ Fair Value (Liability) ​ (in $ millions) ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ Foreign currency contracts ​ ​ Other current assets ​ ​ ​ ​ 3 ​ ​ ​ ​ ​ — ​ ​ ​ Accrued expenses and ​ ​ ​ ​ (10 ) ​ ​ ​ ​ ​ (16 ) ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3 ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ $ (10 ) ​ ​ ​ ​ $ (16 ) ​ ​ ​ As of June 30, 2015, the notional amounts of foreign currency forward contracts were $273 million. These derivative contracts cover transactions for a period that does not exceed one year. The following table provides a reconciliation of the movement in the net carrying amount of derivative financial instruments, during the six months ended June 30, 2015. (in $ millions) ​ ​ Six Months Ended June 30, 2015 ​ ​ Six Months Ended June 30, 2014 ​ Net derivative (liability) asset opening balance ​ ​ ​ $ (16 ) ​ ​ ​ ​ $ 10 ​ ​ Total (loss) gain for the period included in net income (loss) ​ ​ ​ ​ (5 ) ​ ​ ​ ​ ​ 2 ​ ​ Total loss for period accounted through other comprehensive income (loss) ​ ​ ​ ​ — ​ ​ ​ ​ ​ (4 ) ​ ​ Settlement of foreign currency derivative contracts ​ ​ ​ ​ 14 ​ ​ ​ ​ ​ (3 ) ​ ​ Net derivative (liability) asset closing balance ​ ​ ​ $ (7 ) ​ ​ ​ ​ $ 5 ​ ​ ​ The significant unobservable inputs used to fair value the Company’s derivative financial instruments are probability of default of approximately 4% and a recovery rate of 20% which are applied to the Company’s credit default swap adjustments. As the credit valuation adjustment applied to arrive at the fair value of derivatives is less than 15% of the unadjusted fair value of derivative instruments for two consecutive quarters, the Company has categorized derivative fair valuations at Level 2 of the fair value hierarchy. A 10% change in the significant unobservable inputs will not have a material impact on the fair value of the derivative financial instruments as of June 30, 2015. The table below presents the impact of changes in fair values of derivatives designated as hedges on other comprehensive income (loss) and the impact derivatives not designated as hedges had on net income (loss) during the three and six months ended June 30, 2015: ​ ​ ​ Amount of Gain ​ ​ Statement of Operations Location ​ ​ Amount of Gain ​ ​ ​ ​ ​ Three Months ​ ​ Six Months ​ ​ ​ ​ ​ Three Months ​ ​ Six Months ​ ​ (in $ millions) ​ ​ 2015 ​ ​ 2014 ​ ​ 2015 ​ ​ 2014 ​ ​ ​ ​ ​ 2015 ​ ​ 2014 ​ ​ 2015 ​ ​ 2014 ​ ​ Derivatives designated as hedging ​ Interest rate caps ​ ​ ​ $ — ​ ​ ​ ​ $ 5 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4 ​ ​ ​ Interest expense, net ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ Derivatives not designated as ​ Interest rate caps ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ Interest expense, net ​ ​ ​ ​ — ​ ​ ​ ​ ​ (8 ) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (8 ) ​ ​ ​ Foreign currency contracts ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ Selling, general and administrative ​ ​ ​ ​ 11 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (5 ) ​ ​ ​ ​ ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 11 ​ ​ ​ ​ $ (8 ) ​ ​ ​ ​ $ (5 ) ​ ​ ​ ​ $ (6 ) ​ ​ ​ ​ Fair Value Disclosures for All Financial Instruments The carrying amounts of cash and cash equivalents, accounts receivable, other current assets, accounts payable, and accrued expenses and other current liabilities approximate fair value due to the short-term maturities of these assets and liabilities. The carrying value of cash held as collateral approximates to its fair value. The fair values of the Company’s other financial instruments are as follows: ​ ​ ​ ​ ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ (in $ millions) ​ ​ Fair Value Hierarchy ​ ​ Carrying Amount ​ ​ Fair Value ​ ​ Carrying Amount ​ ​ Fair Value ​ Asset (liability) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale securities ​ ​ Level 1 ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 6 ​ ​ ​ ​ $ 6 ​ ​ Derivative assets ​ ​ Level 2 ​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 3 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ Derivative liabilities ​ ​ Level 2 ​ ​ ​ ​ (10 ) ​ ​ ​ ​ ​ (10 ) ​ ​ ​ ​ ​ (16 ) ​ ​ ​ ​ ​ (16 ) ​ ​ Total debt ​ ​ Level 2 ​ ​ ​ ​ (2,459 ) ​ ​ ​ ​ ​ (2,488 ) ​ ​ ​ ​ ​ (2,440 ) ​ ​ ​ ​ ​ (2,461 ) ​ ​ The fair value of the Company’s term loans has been determined based on quoted prices obtained from independent brokers for identical debt instruments when traded as an asset and is categorized within Level 2 of the fair value hierarchy.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Purchase Commitments In the ordinary course of business, the Company makes various commitments to purchase goods and services from specific suppliers, including those related to capital expenditures. As of June 30, 2015, the Company had approximately $78 million of outstanding purchase commitments, primarily relating to service contracts for information technology, of which $49 million relates to the twelve months ending June 30, 2016. These purchase obligations extend through 2019. Contingencies Company Litigation The Company is involved in various claims, legal proceedings and governmental inquiries related to contract disputes, business practices, intellectual property and other commercial, employment and tax matters. The Company believes it has adequately accrued for such matters as appropriate or, for matters not requiring accrual, believes they will not have a material adverse effect on its results of operations, financial position or cash flows based on information currently available. However, litigation is inherently unpredictable and although the Company believes its accruals are adequate and/or that it has valid defenses in these matters, unfavorable resolutions could occur, which could have a material effect on the Company’s results of operations or cash flows in a particular reporting period. Standard Guarantees/Indemnification In the ordinary course of business, the Company enters into numerous agreements that contain standard guarantees and indemnities whereby the Company indemnifies another party for breaches of representations and warranties. In addition, many of these parties are also indemnified against any third-party claim resulting from the transaction that is contemplated in the underlying agreement. Such guarantees or indemnifications are granted under various agreements, including those governing (i) purchases, sales or outsourcing of assets or businesses, (ii) leases of real estate, (iii) licensing of trademarks, (iv) use of derivatives, and (v) issuances of debt. The guarantees or indemnifications issued are for the benefit of the (i) buyers in sale agreements and sellers in purchase agreements, (ii) landlords in lease contracts, (iii) licensees of the Company’s trademarks, (iv) financial institutions in derivative contracts, and (v) underwriters or lenders in debt issuances. While some of these guarantees extend only for the duration of the underlying agreement, many survive the expiration of the term of the agreement or extend into perpetuity (unless subject to a legal statute of limitations). There are no specific limitations on the maximum potential amount of future payments the Company could be required to make under these guarantees, nor is the Company able to develop an estimate of the maximum potential amount of future payments to be made under these guarantees, as the triggering events are not subject to predictability and there is little or no history of claims against the Company under such arrangements. With respect to certain of the aforementioned guarantees, such as indemnifications of landlords against third-party claims for the use of real estate property leased by the Company, the Company maintains insurance coverage that mitigates any potential payments to be made.

Equity

Equity	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Equity	10. Equity Dividends on Common Shares The Company’s Board of Directors declared the following cash dividends during the three and six months ended June 30, 2015: Declaration Date ​ ​ Dividend ​ ​ Record ​ ​ Payment ​ ​ Amount ​ February 19, 2015 ​ ​ ​ $ 0.075 ​ ​ ​ March 5, 2015 ​ ​ March 19, 2015 ​ ​ ​ ​ 9 ​ ​ May 1, 2015 ​ ​ ​ $ 0.075 ​ ​ ​ June 5, 2015 ​ ​ June 18, 2015 ​ ​ ​ ​ 10 ​ ​ On July 31, 2015, the Company’s Board of Directors declared a cash dividend of  $0.075 per common share (see Note 13 — Subsequent Events).

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity-Based Compensation	11. Equity-Based Compensation The table below presents the activity of the Company’s restricted share units (“RSUs”) and stock options for the six months ended June 30, 2015: ​ ​ ​ Restricted Share Units ​ (in dollars, except number of RSUs) ​ ​ Number ​ ​ Weighted Fair Value ​ Balance as of January 1, 2015 ​ ​ ​ ​ 3,196,422 ​ ​ ​ ​ $ 18.68 ​ ​ Granted at fair market value ​ ​ ​ ​ 132,075 ​ ​ ​ ​ $ 14.91 ​ ​ Vested (1) ​ ​ ​ ​ (1,747,105 ) ​ ​ ​ ​ $ 20.00 ​ ​ Forfeited ​ ​ ​ ​ (4,000 ) ​ ​ ​ ​ $ 16.00 ​ ​ Balance as of June 30, 2015 ​ ​ ​ ​ 1,577,392 ​ ​ ​ ​ $ 16.80 ​ ​ ​ ​ (1) In April 2015, upon satisfaction of the performance criteria, substantially all of the outstanding performance-based restricted share units (“PRSUs”) under the 2013 equity-based long-term incentive program vested. ​ ​ ​ ​ Stock Options ​ (in dollars, except number of stock options) ​ ​ Number ​ ​ Weighted Fair Value ​ Balance as of January 1, 2015 ​ ​ ​ ​ 1,270,871 ​ ​ ​ ​ $ 6.72 ​ ​ Granted at fair market value ​ ​ ​ ​ 62,566 ​ ​ ​ ​ $ 6.10 ​ ​ Forfeited ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ Balance as of June 30, 2015 ​ ​ ​ ​ 1,333,437 ​ ​ ​ ​ $ 6.70 ​ ​ ​ Of the above outstanding 1,333,437, stock options, 160,000 options have vested and are exercisable. Compensation expense for the six months ended June 30, 2015 and 2014 resulted in a credit to equity on the Company’s consolidated condensed balance sheets of  $19 million and $9 million, respectively, which was offset by a decrease of approximately $14 million and $5 million, respectively, due to net share settlements as the cash payment of the taxes was effectively a repurchase of previously granted equity awards. The Company expects the future equity-based compensation expense in relation to awards recognized for accounting purposes as being granted as of June 30, 2015 will be approximately $29 million based on the fair value of the RSUs and the stock options on the grant date.

Income (Loss) Per Share

Income (Loss) Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Income (Loss) Per Share	12. Income (Loss) Per Share The following table reconciles the numerators and denominators used in the computation of basic and diluted income (loss) per share: ​ ​ ​ Three Months Ended ​ ​ Six Months Ended ​ (in $ million, except share data) ​ ​ 2015 ​ ​ 2014 ​ ​ 2015 ​ ​ 2014 ​ Numerator – Basic and Diluted EPS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to the Company ​ ​ ​ $ 15 ​ ​ ​ ​ $ 4 ​ ​ ​ ​ $ 7 ​ ​ ​ ​ $ (25 ) ​ ​ Denominator – Basic EPS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ ​ ​ ​ 122,269,482 ​ ​ ​ ​ ​ 69,376,053 ​ ​ ​ ​ ​ 121,842,792 ​ ​ ​ ​ ​ 66,304,416 ​ ​ Income (loss) per share – Basic ​ ​ ​ $ 0.13 ​ ​ ​ ​ $ 0.05 ​ ​ ​ ​ $ 0.06 ​ ​ ​ ​ $ (0.38 ) ​ ​ Denominator – Diluted EPS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of shares used for Basic EPS ​ ​ ​ ​ 122,269,482 ​ ​ ​ ​ ​ 69,376,053 ​ ​ ​ ​ ​ 121,842,792 ​ ​ ​ ​ ​ 66,304,416 ​ ​ Weighted average effect of dilutive securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ 365,951 ​ ​ ​ ​ ​ 1,978,495 ​ ​ ​ ​ ​ 770,326 ​ ​ ​ ​ ​ — ​ ​ Stock Options ​ ​ ​ ​ 82,464 ​ ​ ​ ​ ​ 71,477 ​ ​ ​ ​ ​ 59,645 ​ ​ ​ ​ ​ — ​ ​ Weighted average common shares outstanding – Diluted ​ ​ ​ ​ 122,717,897 ​ ​ ​ ​ ​ 71,426,025 ​ ​ ​ ​ ​ 122,672,763 ​ ​ ​ ​ ​ 66,304,416 ​ ​ Income (loss) per share – Diluted ​ ​ ​ $ 0.12 ​ ​ ​ ​ $ 0.05 ​ ​ ​ ​ $ 0.06 ​ ​ ​ ​ $ (0.38 ) ​ ​ ​ Basic income per share is based on the weighted average number of common shares outstanding during each period. Diluted income per share is based on the weighted average number of common shares outstanding and the effect of all dilutive common share equivalents during each period. For each of the three and six months ended June 30, 2015, the Company had 1.2 million of weighted-average common share equivalents, primarily associated with the Company’s stock options that were excluded from the calculation of diluted income per share as their inclusion would have been antidilutive as the common shares repurchased from the total assumed proceeds applying the treasury stock method exceed the common shares that would have been issued. The increase in the weighted average number of common shares outstanding for the three and six months ended June 30, 2015 compared to the three and six months ended June 30, 2014 is a result of several debt-for-equity exchanges and the initial public offering of the Company’s common shares during 2014.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	13. Subsequent Events On July 3, 2015, Travelport completed its acquisition of Mobile Travel Technologies Ltd. (“MTT”), a private company based in Dublin, Ireland. MTT is a mobile travel platform and mobile technology provider for global airlines and travel companies. The purchase price for the MTT acquisition was €55 million ($61 million) on a cash-free, debt-free basis. The Company is in the process of allocating the purchase consideration to acquired identifiable assets and liabilities in respect of this acquisition. On July 31, 2015, the Company’s Board of Directors declared a cash dividend of  $0.075 per common share for the second quarter of 2015, which is payable on September 17, 2015 to shareholders of record on September 3, 2015.

Other Current Assets (Tables)

Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of summary of other current assets	(in $ millions) ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ Sales and use tax receivables ​ ​ ​ $ 26 ​ ​ ​ ​ $ 28 ​ ​ Prepaid expenses ​ ​ ​ ​ 26 ​ ​ ​ ​ ​ 20 ​ ​ Restricted cash ​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 9 ​ ​ Prepaid incentives ​ ​ ​ ​ 12 ​ ​ ​ ​ ​ 13 ​ ​ Available-for-sale securities ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6 ​ ​ Derivative assets ​ ​ ​ ​ 3 ​ ​ ​ ​ ​ — ​ ​ Other ​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 8 ​ ​ ​ ​ ​ ​ $ 93 ​ ​ ​ ​ $ 84 ​ ​ ​

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of summary of property and equipment, net	​ ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ (in $ millions) ​ ​ Cost ​ ​ Accumulated depreciation ​ ​ Net ​ ​ Cost ​ ​ Accumulated depreciation ​ ​ Net ​ Capitalized software ​ ​ ​ $ 816 ​ ​ ​ ​ $ (582 ) ​ ​ ​ ​ $ 234 ​ ​ ​ ​ $ 772 ​ ​ ​ ​ $ (554 ) ​ ​ ​ ​ $ 218 ​ ​ Computer equipment ​ ​ ​ ​ 280 ​ ​ ​ ​ ​ (148 ) ​ ​ ​ ​ ​ 132 ​ ​ ​ ​ ​ 297 ​ ​ ​ ​ ​ (175 ) ​ ​ ​ ​ ​ 122 ​ ​ Building and leasehold improvements ​ ​ ​ ​ 23 ​ ​ ​ ​ ​ (8 ) ​ ​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 24 ​ ​ ​ ​ ​ (9 ) ​ ​ ​ ​ ​ 15 ​ ​ Construction in progress ​ ​ ​ ​ 57 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 57 ​ ​ ​ ​ ​ 59 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 59 ​ ​ ​ ​ ​ ​ $ 1,176 ​ ​ ​ ​ $ (738 ) ​ ​ ​ ​ $ 438 ​ ​ ​ ​ $ 1,152 ​ ​ ​ ​ $ (738 ) ​ ​ ​ ​ $ 414 ​ ​ ​

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of carrying amount of goodwill and intangible assets	(in $ millions) ​ ​ January 1, 2015 ​ ​ Additions ​ ​ Retirements ​ ​ Foreign Exchange ​ ​ June 30, 2015 ​ Non-Amortizable Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ ​ ​ $ 997 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ (1 ) ​ ​ ​ ​ $ 996 ​ ​ Trademarks and tradenames ​ ​ ​ ​ 314 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 314 ​ ​ Other Intangible Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired intangible assets ​ ​ ​ ​ 1,129 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3 ) ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1,127 ​ ​ Accumulated amortization ​ ​ ​ ​ (687 ) ​ ​ ​ ​ ​ (38 ) ​ ​ ​ ​ ​ 3 ​ ​ ​ ​ ​ (1 ) ​ ​ ​ ​ ​ (723 ) ​ ​ Acquired intangible assets, net ​ ​ ​ ​ 442 ​ ​ ​ ​ ​ (38 ) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 404 ​ ​ Customer loyalty payments ​ ​ ​ ​ 334 ​ ​ ​ ​ ​ 43 ​ ​ ​ ​ ​ (43 ) ​ ​ ​ ​ ​ (3 ) ​ ​ ​ ​ ​ 331 ​ ​ Accumulated amortization ​ ​ ​ ​ (157 ) ​ ​ ​ ​ ​ (36 ) ​ ​ ​ ​ ​ 43 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (150 ) ​ ​ Customer loyalty payments, net ​ ​ ​ ​ 177 ​ ​ ​ ​ ​ 7 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3 ) ​ ​ ​ ​ ​ 181 ​ ​ Other intangible assets, net ​ ​ ​ $ 619 ​ ​ ​ ​ $ (31 ) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ (3 ) ​ ​ ​ ​ $ 585 ​ ​ ​ (in $ millions) ​ ​ January 1, 2014 ​ ​ Additions ​ ​ Retirements ​ ​ Foreign Exchange ​ ​ June 30, 2014 ​ Non-Amortizable Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ ​ ​ $ 986 ​ ​ ​ ​ $ 14 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 1,000 ​ ​ Trademarks and tradenames ​ ​ ​ ​ 314 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 314 ​ ​ Other Intangible Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquired intangible assets ​ ​ ​ ​ 1,129 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1,130 ​ ​ Accumulated amortization ​ ​ ​ ​ (610 ) ​ ​ ​ ​ ​ (39 ) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (649 ) ​ ​ Acquired intangible assets, net ​ ​ ​ ​ 519 ​ ​ ​ ​ ​ (39 ) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 481 ​ ​ Customer loyalty payments ​ ​ ​ ​ 306 ​ ​ ​ ​ ​ 72 ​ ​ ​ ​ ​ (44 ) ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 335 ​ ​ Accumulated amortization ​ ​ ​ ​ (154 ) ​ ​ ​ ​ ​ (37 ) ​ ​ ​ ​ ​ 44 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (147 ) ​ ​ Customer loyalty payments, net ​ ​ ​ ​ 152 ​ ​ ​ ​ ​ 35 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 188 ​ ​ Other intangible assets, net ​ ​ ​ $ 671 ​ ​ ​ ​ $ (4 ) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 2 ​ ​ ​ ​ $ 669 ​ ​ ​

Accrued Expenses and Other Cu24

Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Schedule of summary of accrued expenses and other current liabilities	(in $ millions) ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ Accrued commissions and incentives ​ ​ ​ $ 272 ​ ​ ​ ​ $ 260 ​ ​ Accrued payroll and related ​ ​ ​ ​ 56 ​ ​ ​ ​ ​ 59 ​ ​ Deferred revenue ​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 27 ​ ​ Customer prepayments ​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 9 ​ ​ Accrued interest expense ​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 18 ​ ​ Income tax payable ​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 16 ​ ​ Derivative contracts ​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 16 ​ ​ Pension and post-retirement benefit liabilities ​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 2 ​ ​ Other ​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 19 ​ ​ ​ ​ ​ ​ $ 440 ​ ​ ​ ​ $ 426 ​ ​ ​

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of summary of long-term debt	(in $ millions) ​ ​ Interest rate ​ ​ Maturity ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ Secured debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Senior Secured Credit Agreement ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Term loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollar denominated (1) ​ ​ L+4.75% ​ ​ September 2021 ​ ​ ​ $ 2,337 ​ ​ ​ ​ $ 2,347 ​ ​ Revolver borrowings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollar denominated ​ ​ L+5.00% ​ ​ September 2019 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ Capital leases and other indebtedness ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 122 ​ ​ ​ ​ ​ 93 ​ ​ Total debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,459 ​ ​ ​ ​ ​ 2,440 ​ ​ Less: current portion ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 58 ​ ​ ​ ​ ​ 56 ​ ​ Long-term debt ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 2,401 ​ ​ ​ ​ $ 2,384 ​ ​ ​ ( 1) Minimum LIBOR floor of 1.00%

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of summary of fair value of company's derivative contracts	​ Balance Sheet ​ ​ Fair Value Asset ​ ​ Balance Sheet ​ ​ Fair Value (Liability) ​ (in $ millions) ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ Foreign currency contracts ​ ​ Other current assets ​ ​ ​ ​ 3 ​ ​ ​ ​ ​ — ​ ​ ​ Accrued expenses and ​ ​ ​ ​ (10 ) ​ ​ ​ ​ ​ (16 ) ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3 ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ $ (10 ) ​ ​ ​ ​ $ (16 ) ​ ​ ​
Schedule of summary of reconciliation of net carrying amount of derivative financial instruments	(in $ millions) ​ ​ Six Months Ended June 30, 2015 ​ ​ Six Months Ended June 30, 2014 ​ Net derivative (liability) asset opening balance ​ ​ ​ $ (16 ) ​ ​ ​ ​ $ 10 ​ ​ Total (loss) gain for the period included in net income (loss) ​ ​ ​ ​ (5 ) ​ ​ ​ ​ ​ 2 ​ ​ Total loss for period accounted through other comprehensive income (loss) ​ ​ ​ ​ — ​ ​ ​ ​ ​ (4 ) ​ ​ Settlement of foreign currency derivative contracts ​ ​ ​ ​ 14 ​ ​ ​ ​ ​ (3 ) ​ ​ Net derivative (liability) asset closing balance ​ ​ ​ $ (7 ) ​ ​ ​ ​ $ 5 ​ ​ ​
Schedule of impact of changes in fair values of derivatives	Amount of Gain ​ ​ Statement of Operations Location ​ ​ Amount of Gain ​ ​ ​ ​ ​ Three Months ​ ​ Six Months ​ ​ ​ ​ ​ Three Months ​ ​ Six Months ​ ​ (in $ millions) ​ ​ 2015 ​ ​ 2014 ​ ​ 2015 ​ ​ 2014 ​ ​ ​ ​ ​ 2015 ​ ​ 2014 ​ ​ 2015 ​ ​ 2014 ​ ​ Derivatives designated as hedging ​ Interest rate caps ​ ​ ​ $ — ​ ​ ​ ​ $ 5 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4 ​ ​ ​ Interest expense, net ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ Derivatives not designated as ​ Interest rate caps ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ Interest expense, net ​ ​ ​ ​ — ​ ​ ​ ​ ​ (8 ) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (8 ) ​ ​ ​ Foreign currency contracts ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ Selling, general and administrative ​ ​ ​ ​ 11 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (5 ) ​ ​ ​ ​ ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 11 ​ ​ ​ ​ $ (8 ) ​ ​ ​ ​ $ (5 ) ​ ​ ​ ​ $ (6 ) ​ ​ ​ ​
Schedule of fair values of company's other financial instruments	​ ​ ​ ​ ​ ​ June 30, 2015 ​ ​ December 31, 2014 ​ (in $ millions) ​ ​ Fair Value Hierarchy ​ ​ Carrying Amount ​ ​ Fair Value ​ ​ Carrying Amount ​ ​ Fair Value ​ Asset (liability) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale securities ​ ​ Level 1 ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 6 ​ ​ ​ ​ $ 6 ​ ​ Derivative assets ​ ​ Level 2 ​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 3 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ Derivative liabilities ​ ​ Level 2 ​ ​ ​ ​ (10 ) ​ ​ ​ ​ ​ (10 ) ​ ​ ​ ​ ​ (16 ) ​ ​ ​ ​ ​ (16 ) ​ ​ Total debt ​ ​ Level 2 ​ ​ ​ ​ (2,459 ) ​ ​ ​ ​ ​ (2,488 ) ​ ​ ​ ​ ​ (2,440 ) ​ ​ ​ ​ ​ (2,461 ) ​ ​

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Schedule of cash dividend declared	Declaration Date ​ ​ Dividend ​ ​ Record ​ ​ Payment ​ ​ Amount ​ February 19, 2015 ​ ​ ​ $ 0.075 ​ ​ ​ March 5, 2015 ​ ​ March 19, 2015 ​ ​ ​ ​ 9 ​ ​ May 1, 2015 ​ ​ ​ $ 0.075 ​ ​ ​ June 5, 2015 ​ ​ June 18, 2015 ​ ​ ​ ​ 10

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of activity of restricted share units ("RSUs") and stock options	​ ​ ​ Restricted Share Units ​ (in dollars, except number of RSUs) ​ ​ Number ​ ​ Weighted Fair Value ​ Balance as of January 1, 2015 ​ ​ ​ ​ 3,196,422 ​ ​ ​ ​ $ 18.68 ​ ​ Granted at fair market value ​ ​ ​ ​ 132,075 ​ ​ ​ ​ $ 14.91 ​ ​ Vested (1) ​ ​ ​ ​ (1,747,105 ) ​ ​ ​ ​ $ 20.00 ​ ​ Forfeited ​ ​ ​ ​ (4,000 ) ​ ​ ​ ​ $ 16.00 ​ ​ Balance as of June 30, 2015 ​ ​ ​ ​ 1,577,392 ​ ​ ​ ​ $ 16.80 ​ ​ ​ ​ (1) In April 2015, upon satisfaction of the performance criteria, substantially all of the outstanding performance-based restricted share units (“PRSUs”) under the 2013 equity-based long-term incentive program vested.
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of activity of restricted share units ("RSUs") and stock options	​ ​ ​ Stock Options ​ (in dollars, except number of stock options) ​ ​ Number ​ ​ Weighted Fair Value ​ Balance as of January 1, 2015 ​ ​ ​ ​ 1,270,871 ​ ​ ​ ​ $ 6.72 ​ ​ Granted at fair market value ​ ​ ​ ​ 62,566 ​ ​ ​ ​ $ 6.10 ​ ​ Forfeited ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ Balance as of June 30, 2015 ​ ​ ​ ​ 1,333,437 ​ ​ ​ ​ $ 6.70 ​ ​ ​

Income (Loss) Per Share (Tables

Income (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings (Loss) per Share	​ ​ ​ Three Months Ended ​ ​ Six Months Ended ​ (in $ million, except share data) ​ ​ 2015 ​ ​ 2014 ​ ​ 2015 ​ ​ 2014 ​ Numerator – Basic and Diluted EPS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to the Company ​ ​ ​ $ 15 ​ ​ ​ ​ $ 4 ​ ​ ​ ​ $ 7 ​ ​ ​ ​ $ (25 ) ​ ​ Denominator – Basic EPS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding ​ ​ ​ ​ 122,269,482 ​ ​ ​ ​ ​ 69,376,053 ​ ​ ​ ​ ​ 121,842,792 ​ ​ ​ ​ ​ 66,304,416 ​ ​ Income (loss) per share – Basic ​ ​ ​ $ 0.13 ​ ​ ​ ​ $ 0.05 ​ ​ ​ ​ $ 0.06 ​ ​ ​ ​ $ (0.38 ) ​ ​ Denominator – Diluted EPS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of shares used for Basic EPS ​ ​ ​ ​ 122,269,482 ​ ​ ​ ​ ​ 69,376,053 ​ ​ ​ ​ ​ 121,842,792 ​ ​ ​ ​ ​ 66,304,416 ​ ​ Weighted average effect of dilutive securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ RSUs ​ ​ ​ ​ 365,951 ​ ​ ​ ​ ​ 1,978,495 ​ ​ ​ ​ ​ 770,326 ​ ​ ​ ​ ​ — ​ ​ Stock Options ​ ​ ​ ​ 82,464 ​ ​ ​ ​ ​ 71,477 ​ ​ ​ ​ ​ 59,645 ​ ​ ​ ​ ​ — ​ ​ Weighted average common shares outstanding – Diluted ​ ​ ​ ​ 122,717,897 ​ ​ ​ ​ ​ 71,426,025 ​ ​ ​ ​ ​ 122,672,763 ​ ​ ​ ​ ​ 66,304,416 ​ ​ Income (loss) per share – Diluted ​ ​ ​ $ 0.12 ​ ​ ​ ​ $ 0.05 ​ ​ ​ ​ $ 0.06 ​ ​ ​ ​ $ (0.38 ) ​ ​ ​

Basis of Presentation (Detail T

Basis of Presentation (Detail Textuals)	Jun. 30, 2015Country
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries in which company operates	170

Recently Issued Accounting Pr31

Recently Issued Accounting Pronouncements (Detail Textuals) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Unamortized debt issuance cost	$ 26	$ 28

Other Current Assets - Summary

Other Current Assets - Summary of Other Current Assets (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Prepaid Expense and Other Assets, Current [Abstract]
Sales and use tax receivables	$ 26	$ 28
Prepaid expenses	26	20
Restricted cash	20	9
Prepaid incentives	$ 12	13
Available-for-sale securities		$ 6
Derivative assets	$ 3
Other	6	$ 8
Other current assets, Total	$ 93	$ 84

Other Current Assets (Detail Te

Other Current Assets (Detail Textuals) $ in Millions	1 Months Ended
	Feb. 28, 2015USD ($)
Prepaid Expense and Other Assets, Current [Abstract]
Gain on sale of available-for-sale securities reclassified from accumulated other comprehensive loss	$ 6

Property and Equipment, Net - S

Property and Equipment, Net - Summary of Property and Equipment, Net (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Cost	$ 1,176	$ 1,152
Accumulated depreciation	(738)	(738)
Net	438	414
Capitalized software
Property, Plant and Equipment [Line Items]
Cost	816	772
Accumulated depreciation	(582)	(554)
Net	234	218
Computer equipment
Property, Plant and Equipment [Line Items]
Cost	280	297
Accumulated depreciation	(148)	(175)
Net	132	122
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Cost	23	24
Accumulated depreciation	(8)	(9)
Net	15	15
Construction in progress
Property, Plant and Equipment [Line Items]
Cost	$ 57	$ 59
Accumulated depreciation
Net	$ 57	$ 59

Property and Equipment, Net - (

Property and Equipment, Net - (Detail Textuals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense (including depreciation on assets under capital leases)	$ 39	$ 37	$ 81	$ 74
Capital lease assets	149		149		$ 152
Capital lease assets, accumulated depreciation	50		50		$ 63
Capital lease assets retired on termination			40
Assets acquired under capital lease			65
Interest on capital projects capitalized	$ 1	$ 3	$ 2	$ 5

Intangible Assets - Changes in

Intangible Assets - Changes in Carrying Amount of Goodwill and Intangible Assets (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 997	$ 986
Goodwill, Additions		$ 14
Goodwill Retirements
Goodwill, Foreign Exchange	$ (1)
Goodwill, Ending Balance	996	$ 1,000
Indefinite-lived Intangible Assets [Roll Forward]
Trademarks and tradenames, Beginning Balance	314	314
Trademarks and tradenames, Ending Balance	314	314
Other Intangible Assets:
Other intangible assets, net, Beginning Balance	619	671
Other intangible assets, net, Additions	$ (31)	$ (4)
Other Intangible Assets, Retirements
Other intangible assets, net, Foreign Exchange	$ (3)	$ 2
Other intangible assets, net, Ending Balance	585	669
Trademarks and tradenames
Indefinite-lived Intangible Assets [Roll Forward]
Trademarks and tradenames, Beginning Balance	$ 314	$ 314
Trademarks and tradenames, Additions
Trademarks and tradenames, Retirements
Trademarks and tradenames, Foreign Exchange
Trademarks and tradenames, Ending Balance	$ 314	$ 314
Customer relationships
Other Intangible Assets:
Total other intangible assets, Beginning Balance	$ 1,129	1,129
Total other intangible assets, Additions
Total other intangible assets, Retirements	$ (3)
Total other intangible assets, Foreign Exchange	1	1
Total other intangible assets, Ending Balance	1,127	1,130
Accumulated amortization, Beginning Balance	(687)	(610)
Accumulated amortization, Additions	(38)	(39)
Accumulated amortization, Retirements	3
Accumulated amortization, Foreign Exchange	(1)
Accumulated amortization, Ending Balance	(723)	(649)
Other intangible assets, net, Beginning Balance	442	519
Other intangible assets, net, Additions	$ (38)	$ (39)
Other Intangible Assets, Retirements
Other intangible assets, net, Foreign Exchange		$ 1
Other intangible assets, net, Ending Balance	$ 404	481
Customer Loyalty Payments
Other Intangible Assets:
Total other intangible assets, Beginning Balance	334	306
Total other intangible assets, Additions	43	72
Total other intangible assets, Retirements	(43)	(44)
Total other intangible assets, Foreign Exchange	(3)	1
Total other intangible assets, Ending Balance	331	335
Accumulated amortization, Beginning Balance	(157)	(154)
Accumulated amortization, Additions	(36)	(37)
Accumulated amortization, Retirements	$ 43	44
Accumulated amortization, Foreign Exchange
Accumulated amortization, Ending Balance	$ (150)	(147)
Other intangible assets, net, Beginning Balance	177	152
Other intangible assets, net, Additions	$ 7	$ 35
Other Intangible Assets, Retirements
Other intangible assets, net, Foreign Exchange	$ (3)	$ 1
Other intangible assets, net, Ending Balance	$ 181	$ 188

Intangible Assets - (Detail Tex

Intangible Assets - (Detail Textuals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Schedule Of Goodwill And Other Intangible Assets [Line Items]
Cash consideration					$ 5
Customer loyalty payments in cash			$ 42	$ 45
Customer Loyalty Payments
Schedule Of Goodwill And Other Intangible Assets [Line Items]
Amount payable for customer loyalty payments	$ 53		53		$ 52
Amortization expense	18	$ 19	36	37
Customer relationships
Schedule Of Goodwill And Other Intangible Assets [Line Items]
Amortization expense	$ 19	$ 20	$ 38	$ 39

Intangible Assets (Detail Textu

Intangible Assets (Detail Textuals 1) € in Millions, $ in Millions	Jul. 03, 2015USD ($)	Jul. 03, 2015EUR (€)	Jun. 30, 2014USD ($)
Schedule Of Goodwill And Other Intangible Assets [Line Items]
Total cash consideration, net of cash acquired			$ 10
Subsequent Event
Schedule Of Goodwill And Other Intangible Assets [Line Items]
Total cash consideration, net of cash acquired	$ 61	€ 55

Accrued Expenses and Other Cu39

Accrued Expenses and Other Current Liabilities - Summary of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Accrued commissions and incentives	$ 272	$ 260
Accrued payroll and related	56	59
Deferred revenue	29	27
Customer prepayments	20	9
Accrued interest expense	18	18
Income tax payable	15	16
Derivative contracts	10	16
Pension and post-retirement benefit liabilities	2	2
Other	18	19
Accrued expenses and other current liabilities	$ 440	$ 426

Accrued Expenses and Other Cu40

Accrued Expenses and Other Current Liabilities - (Detail Textuals) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Accrued Expenses And Other Current Liabilities [Line Items]
Accrued commissions and incentives	$ 272	$ 260
Customer Loyalty Payments | Accrued commissions and incentives
Accrued Expenses And Other Current Liabilities [Line Items]
Accrued commissions and incentives	$ 53	$ 52

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Capital leases and other indebtedness		$ 122	$ 93
Total debt		2,459	2,440
Less: current portion		58	56
Long-term debt		$ 2,401	2,384
Secured debt | Term loans | Dollar denominated
Debt Instrument [Line Items]
Variable interest rate percentage	[1]	4.75%
Interest rate description on variable rate	[1]	L+4.75%
Maturity	[1]	Sep. 30, 2021
Long-term debt	[1]	$ 2,337	$ 2,347
Secured debt | Revolver borrowings | Dollar denominated
Debt Instrument [Line Items]
Variable interest rate percentage		5.00%
Interest rate description on variable rate		L+5.00%
Maturity		Sep. 30, 2019
Long-term debt
[1]	Minimum LIBOR floor of 1.00%

Long-Term Debt - Summary of L42

Long-Term Debt - Summary of Long-Term Debt (Parentheticals) (Details)	Jun. 30, 2015
Secured debt | Term loans | Dollar denominated
Debt Instrument [Line Items]
LIBOR floor rate	1.00%

Long-Term Debt - (Detail Textua

Long-Term Debt - (Detail Textuals) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014
Debt Instrument [Line Items]
Repayment of term loans		$ 12
Amortization of debt finance cost		3
Debt discount amortized		2
Termination of capital lease obligations		$ 40
Variable interest rate description		LIBOR
Assets acquired under capital lease		$ 65
Terms of cash collateral		The senior secured credit agreement also permits the issuance of certain cash collateralized letters of credit in addition to those that can be issued under the revolving credit facility, whereby 103% of cash collateral has to be maintained for outstanding letters of credit.
Cash collateral percent of letters of credit		103.00%
Repayment of capital lease obligations		$ 16	$ 15
Term loans
Debt Instrument [Line Items]
Variable interest rate description	the Company's credit rating improved and, under the terms of the senior secured credit agreement, the applicable rate in respect of its term loans was reduced by 0.25%, with immediate effect. The interest rate applicable to the term loans is currently based on, at the Company's election, (i) LIBOR plus 4.75% or (ii) base rate (as defined in the agreement) plus 3.75%.
Reduction in term loan rate	0.25%
Term loans | LIBOR
Debt Instrument [Line Items]
Variable interest rate	4.75%
Term loans | Base Rate
Debt Instrument [Line Items]
Variable interest rate	3.75%
Term loans | FLOOR Rate
Debt Instrument [Line Items]
LIBOR floor rate		1.00%
Base floor rate		2.00%
Revolver borrowings | Senior Secured Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 125
Utilized letter of credit facility		12
Remaining capacity under revolving credit facility		113
Sublimit Letter of credit | Senior Secured Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		50
Cash collateral letter of credit facility
Debt Instrument [Line Items]
Cash collateralized letters of credit issued and outstanding		21
Cash provided as collateral		$ 22

Financial Instruments - Summary

Financial Instruments - Summary of Fair Value of Company's Derivative Contracts (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Fair Value (Liability)	$ 10	$ 16
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Fair Value Assets	3
Fair Value (Liability)	(10)	$ (16)
Foreign currency contracts | Derivatives not designated as hedging instruments | Other current assets
Derivatives, Fair Value [Line Items]
Fair Value Assets	3
Foreign currency contracts | Derivatives not designated as hedging instruments | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Fair Value (Liability)	$ (10)	$ (16)

Financial Instruments - Summa45

Financial Instruments - Summary of Reconciliation of Net Carrying Amount of Derivative Financial Instruments (Details 1) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net derivative (liability) asset opening balance	$ (16)	$ 10
Total (loss) gain for the period included in net income (loss)	$ (5)	2
Total loss for period accounted through other comprehensive income (loss)		(4)
Settlement of foreign currency derivative contracts	$ 14	(3)
Net derivative (liability) asset closing balance	$ (7)	$ 5

Financial Instruments - Impact

Financial Instruments - Impact of Changes in Fair Values of Derivatives (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recorded in Net Income (Loss)	$ 11	$ (8)	$ (5)	$ (6)
Derivatives designated as hedging instruments: | Interest rate caps | Interest expense, net
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)		$ 5		$ 4
Amount of Gain (Loss) Recorded in Net Income (Loss)
Derivatives not designated as hedging instruments | Interest rate caps | Interest expense, net
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)
Amount of Gain (Loss) Recorded in Net Income (Loss)		$ (8)		$ (8)
Derivatives not designated as hedging instruments | Foreign currency contracts | Selling, general and administrative
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)
Amount of Gain (Loss) Recorded in Net Income (Loss)	$ 11		$ (5)	$ 2

Financial Instruments - Fair Va

Financial Instruments - Fair Values of Company's Other Financial Instruments (Details 3) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value Of Financial Instruments [Line Items]
Derivative liabilities	$ 10	$ 16
Total debt, Carrying Amount	$ 2,459	2,440
Carrying Amount | Level 1
Fair Value Of Financial Instruments [Line Items]
Available-for-sale securities		$ 6
Carrying Amount | Level 2
Fair Value Of Financial Instruments [Line Items]
Derivative assets	$ 3
Derivative liabilities	(10)	$ (16)
Total debt, Carrying Amount	$ (2,459)	(2,440)
Fair Value | Level 1
Fair Value Of Financial Instruments [Line Items]
Available-for-sale securities		$ 6
Fair Value | Level 2
Fair Value Of Financial Instruments [Line Items]
Derivative assets	$ 3
Derivative liabilities	(10)	$ (16)
Total debt, Fair Value	$ (2,488)	$ (2,461)

Financial Instruments - (Detail

Financial Instruments - (Detail Textuals) - Jun. 30, 2015 - USD ($) $ in Millions	Total
Derivatives, Fair Value [Line Items]
Net liability position related to derivative financial instruments	$ 7
Floor rate for LIBOR	1.00%
Term loan, variable basis rate description	LIBOR
Probability of default percentage	4.00%
Credit default recovery rate percentage	20.00%
Credit risk fair value adjustments	15.00%
Change in unobservable inputs percentage	10.00%
Maximum
Derivatives, Fair Value [Line Items]
Transactions period of derivative contracts	1 year
Foreign Currency Forward Contracts
Derivatives, Fair Value [Line Items]
Derivative contracts, notional amounts	$ 273

Commitments and Contingencies -

Commitments and Contingencies - (Detail Textuals) - Jun. 30, 2015 - USD ($) $ in Millions	Total
Commitments and Contingencies Disclosure [Abstract]
Purchase Obligation	$ 78
Future purchase obligation relates to June 30, 2016	$ 49
Purchase obligations maturity period	2,019

Equity (Detail)

Equity (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended	6 Months Ended
	May. 01, 2015	Feb. 19, 2015	Jun. 30, 2015	Jun. 30, 2015
Equity [Abstract]
Dividend declared	$ 0.075	$ 0.075	$ 0.075	$ 0.15
Dividend declared date	May 1, 2015	Feb. 19, 2015
Dividend payable, date of record	Jun. 5, 2015	Mar. 5, 2015
Dividend payable date	Jun. 18, 2015	Mar. 19, 2015
Dividend payable, amount	$ 10	$ 9

Equity (Detail Textuals)

Equity (Detail Textuals) - $ / shares	1 Months Ended			3 Months Ended	6 Months Ended
	Jul. 31, 2015	May. 01, 2015	Feb. 19, 2015	Jun. 30, 2015	Jun. 30, 2015
Equity [Line Items]
Dividend declared		$ 0.075	$ 0.075	$ 0.075	$ 0.15
Dividend declared date		May 1, 2015	Feb. 19, 2015
Subsequent Event
Equity [Line Items]
Dividend declared	$ 0.075
Dividend declared date	Jul. 31, 2015

Equity-Based Compensation - Sum

Equity-Based Compensation - Summary of restricted share units (RSUs) (Details) - 6 months ended Jun. 30, 2015 - Restricted Share Units - $ / shares		Total
Restricted Share Units, Number
Balance as of January 1, 2015		3,196,422
Granted at fair market value		132,075
Vested	[1]	(1,747,105)
Forfeited		(4,000)
Balance as of June 30, 2015		1,577,392
Restricted Share Units, Weighted Average Grant Date Fair Value
Balance as of January 1, 2015		$ 18.68
Granted at fair market value		14.91
Vested	[1]	20
Forfeited		16
Balance as of June 30, 2015		$ 16.80
[1]	In April 2015, upon satisfaction of the performance criteria, substantially all of the outstanding performance-based restricted share units ("PRSUs") under the 2013 equity-based long-term incentive program vested.

Equity-Based Compensation - Act

Equity-Based Compensation - Activity of stock option (Details 1) - 6 months ended Jun. 30, 2015 - Stock Options - $ / shares	Total
Stock Options, Number
Balance as of January 1, 2015	1,270,871
Granted at fair market value	62,566
Forfeited
Balance as of June 30, 2015	1,333,437
Stock Options, Weighted Average Grant Date Fair Value
Balance as of January 1, 2015	$ 6.72
Granted at fair market value	$ 6.10
Forfeited
Balance as of June 30, 2015	$ 6.70

Equity-Based Compensation - (De

Equity-Based Compensation - (Detail Textuals) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense credit to equity (deficit)	$ 19	$ 9
Decrease due to cash settlement	$ 14	$ 5
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of option outstanding (in shares)	1,333,437		1,270,871
Number of stock options vested and exercisable	160,000
RSUs and stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future equity-based compensation expense	$ 29

Income (Loss) Per Share - Summa

Income (Loss) Per Share - Summary of reconciles numerators and denominators used in the computation of basic and diluted income (loss) per share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator - Basic and Diluted EPS:
Net income (loss) attributable to the Company	$ 15	$ 4	$ 7	$ (25)
Denominator - Basic EPS:
Weighted average common shares outstanding (in shares)	122,269,482	69,376,053	121,842,792	66,304,416
Income (loss) per share - Basic (in dollars per share)	$ 0.13	$ 0.05	$ 0.06	$ (0.38)
Denominator - Diluted EPS:
Number of shares used for Basic EPS (in shares)	122,269,482	69,376,053	121,842,792	66,304,416
Weighted average effect of dilutive securities
RSUs (in shares)	365,951	1,978,495	770,326
Stock Options (in shares)	82,464	71,477	59,645
Weighted average common shares outstanding - Diluted (in shares)	122,717,897	71,426,025	122,672,763	66,304,416
Income (loss) per share - Diluted (in shares)	$ 0.12	$ 0.05	$ 0.06	$ (0.38)

Income (Loss) Per Share - (Deta

Income (Loss) Per Share - (Detail Textuals) - Jun. 30, 2015 - shares shares in Millions	Total	Total
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common share equivalents excluded from the calculation of diluted income per share	1.2	1.2

Subsequent Events - (Detail Tex

Subsequent Events - (Detail Textuals) $ / shares in Units, € in Millions, $ in Millions	Jul. 03, 2015USD ($)	Jul. 03, 2015EUR (€)	Jul. 31, 2015$ / shares	May. 01, 2015$ / shares	Feb. 19, 2015$ / shares	Jun. 30, 2015$ / shares	Jun. 30, 2015$ / shares	Jun. 30, 2014USD ($)
Subsequent Event [Line Items]
Total cash consideration, net of cash acquired | $								$ 10
Dividend declared				$ 0.075	$ 0.075	$ 0.075	$ 0.15
Dividend declared date				May 1, 2015	Feb. 19, 2015
Dividend payable date				Jun. 18, 2015	Mar. 19, 2015
Dividend payable record date				Jun. 5, 2015	Mar. 5, 2015
Subsequent Event
Subsequent Event [Line Items]
Total cash consideration, net of cash acquired	$ 61	€ 55
Dividend declared			$ 0.075
Dividend declared date			Jul. 31, 2015
Dividend payable date			Sep. 17, 2015
Dividend payable record date			Sep. 3, 2015