Quarterly report pursuant to Section 13 or 15(d)

Impairments

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Impairments
6 Months Ended
Jun. 30, 2021
Asset Impairment Charges [Abstract]  
Asset Impairment Charges [Text Block] Impairments
During the three and six months ended June 30, 2020, the Company recorded $33 million and $44 million of asset impairments, all of which were COVID-19 related. In the first quarter of 2020, there were $6 million of impairments at the Vacation Ownership segment related to prepaid development costs and undeveloped land and $4 million at the Travel and Membership segment related to the Love Home Swap trade name. In the second quarter of 2020, the Company recorded a $24 million impairment at the Travel and Membership segment related to the New Jersey lease discussed in Note 22—Restructuring and the associated furniture, fixtures and equipment, a $6 million impairment for equity investments held at the Travel and Membership segment, and a $3 million impairment at the Vacation Ownership segment related to lease assets and furniture, fixtures and equipment. These impairments are included within the Asset impairments on the Condensed Consolidated Statements of Income/(Loss).

There were no impairment charges for the three and six months ended June 30, 2021.