Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition Revenue Recognition (Disaggregation of Net Revenues) (Details)

v3.21.2
Revenue Recognition Revenue Recognition (Disaggregation of Net Revenues) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Disaggregation of Revenue [Line Items]          
Net revenues [1] $ 797 $ 343   $ 1,425 $ 901
Provision for loan losses       71 345
Operating Segments          
Disaggregation of Revenue [Line Items]          
Net revenues 803 344   1,435 906
Corporate and other          
Disaggregation of Revenue [Line Items]          
Net revenues [1],[2] (6) (1)   (10) (5)
Corporate and other | Eliminations          
Disaggregation of Revenue [Line Items]          
Net revenues [1] (6) (1)   (10) (5)
Vacation Ownership | Operating Segments          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 599 238   1,048 641
Vacation Ownership | Operating Segments | Vacation Ownership Interest Sales [Member]          
Disaggregation of Revenue [Line Items]          
Net revenues [1],[3] 294 (13)   466 77
Vacation Ownership | Operating Segments | Property management fees and reimbursable revenues          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 161 122 [4]   318 292 [4]
Vacation Ownership | Operating Segments | Consumer financing          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 102 119   201 246
Vacation Ownership | Operating Segments | Fee-for-Service commissions          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 29 0   41 3
Vacation Ownership | Operating Segments | Ancillary revenues          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 13 10   22 23
Travel and Membership | Operating Segments          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 204 106   387 265
Travel and Membership | Operating Segments | Ancillary revenues          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 8 29   18 48
Travel and Membership | Operating Segments | Transaction revenues          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 153 44   285 140
Travel and Membership | Operating Segments | Deferred subscription revenue          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 43 $ 33   84 77
Vacation Ownership Interest Sales [Member] | COVID-19 [Member]          
Disaggregation of Revenue [Line Items]          
Provision for loan losses (26)   $ 225 (26) 225
Vacation Ownership Interest Sales [Member] | Vacation Ownership | COVID-19 [Member]          
Disaggregation of Revenue [Line Items]          
Provision for loan losses (26)     (26) 225
Vacation Ownership Interest Sales [Member] | Travel and Membership | COVID-19 [Member]          
Disaggregation of Revenue [Line Items]          
Provision for loan losses $ 0     $ 0 $ 0
[1] This table reflects the reclassification of Extra Holidays from the Vacation Ownership segment into the Travel and Membership segment for all periods presented. Extra Holidays revenue is included within Transaction revenues.
[2] Includes the elimination of transactions between segments.
[3] The Company recorded a COVID-19 related provision for loan losses of $225 million in the first quarter of 2020, due to an expected increase in defaults driven by higher unemployment associated with COVID-19, which is reflected as a reduction to Vacation ownership interest sales on the Condensed Consolidated Statements of Income/(Loss) during the six months ended June 30, 2020. During the second quarter of 2021, the Company analyzed the adequacy of this COVID-19 related provision consistent with past methodology, resulting in a $26 million reversal which is reflected as an increase in Vacation ownership interest sales on the Condensed Consolidated Statements of Income/(Loss) during the three and six months ended June 30, 2021.
[4] Reflects the impact of reclassifying the Extra Holidays business line from the Vacation Ownership segment to Travel and Membership.