Quarterly report pursuant to Section 13 or 15(d)

COVID-19 Related Items (Tables)

v3.21.2
COVID-19 Related Items (Tables)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Restructuring and Related Activities [Abstract]    
COVID-19 Related Impacts [Table Text Block]
During the three months ended June 30, 2021, the Company had expenses directly related to COVID-19 as detailed in the table below (in millions):
Vacation Ownership Travel and Membership Corporate Consolidated Income Statement Classification
Allowance for loan losses:
Provision $ (26) $ —  $ —  $ (26) Vacation ownership interest sales
Recoveries 10  —  —  10  Cost/(recovery) of vacation ownership interests
Employee compensation related and other —  —  COVID-19 related costs
Total COVID-19 $ (15) $ —  $ —  $ (15)

During the six months ended June 30, 2021, the Company had expenses directly related to COVID-19 as detailed in the table below (in millions):
Vacation Ownership Travel and Membership Corporate Consolidated Income Statement Classification
Allowance for loan losses:
Provision $ (26) $ —  $ —  $ (26) Vacation ownership interest sales
Recoveries 10  —  —  10  Cost/(recovery) of vacation ownership interests
Employee compensation related and other —  COVID-19 related costs
Lease related (1) —  —  (1) Restructuring
Total COVID-19 $ (16) $ —  $ $ (15)
During the three months ended June 30, 2020, the Company had expenses directly related to COVID-19 as detailed in the table below (in millions):
Vacation Ownership Travel and Membership Corporate Consolidated Income Statement Classification
Employee compensation related and other $ 32  $ $ $ 45  COVID-19 related costs
Asset impairments 30  —  38  Asset impairments/
Operating expenses
Lease related 22  —  23  Restructuring
Total COVID-19 $ 41  $ 57  $ $ 106 
During the six months ended June 30, 2020, the Company had expenses directly related to COVID-19 as detailed in the table below (in millions):
Vacation Ownership Travel and Membership Corporate Consolidated Income Statement Classification
Allowance for loan losses:
Provision $ 225  $ —  $ —  $ 225  Vacation ownership interest sales
Recoveries (55) —  —  (55) Cost/(recovery) of vacation ownership interests
Employee compensation related and other 51  11  67  COVID-19 related costs
Asset impairments 14  34  —  48  Asset impairments/
Operating expenses
Exchange inventory write-off —  38  —  38  Operating expenses
Lease related 22  —  23  Restructuring
Total COVID-19 $ 236  $ 99  $ 11  $ 346 
COVID-19 Related Liabilities [Table Text Block] The activity associated with these COVID-19 related liabilities is summarized as follows (in millions):
Liability as of Liability as of
December 31, 2020 Costs Recognized Cash Payments June 30, 2021
COVID-19 employee-related $ $ —  $ (5) $
$ $ —  $ (5) $