Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Summary Of Segment Information) (Details)

v3.21.2
Segment Information (Summary Of Segment Information) (Details)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
segment
brand
Jun. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Segment Reporting Information [Line Items]          
Number of Reportable Segments | segment     2    
Assets, Net of Investment in Unconsolidated Subsidiaries [1] $ 6,639   $ 6,639   $ 7,613
Net revenues          
Net revenues [2] 797 $ 343 1,425 $ 901  
Reconciliation of Net income to Adjusted EBITDA          
Net income/(loss) attributable to Travel + Leisure shareholders 72 (164) 100 (298)  
Loss on disposal of discontinued business, net of income taxes 2 0 2 0  
Provision/(benefit) for income taxes 31 11 37 (33)  
Depreciation and amortization 31 31 63 62  
Interest expense 47 46 100 87  
Interest (income) (1) (2) (1) (4)  
Stock-based compensation 9 6 16 7  
Legacy items 1 1 4 2  
Asset impairments 0 33 0 44  
Restructuring 0 23 (1) 25  
Adjusted EBITDA 193 16 322 (28)  
COVID-19 [Member]          
Reconciliation of Net income to Adjusted EBITDA          
COVID-19 related costs Adj EBITDA [3] 1 26 2 38  
Asset impairments [4] 0 38 0 48  
Inventory Write-down 0 0 0 38  
COVID-19 [Member] | Operating Expense [Member]          
Reconciliation of Net income to Adjusted EBITDA          
Asset impairments   5      
Inventory Write-down       38 48
Operating Segments          
Segment Reporting Information [Line Items]          
Assets, Net of Investment in Unconsolidated Subsidiaries [1] 6,254   6,254   6,372
Net revenues          
Net revenues 803 344 1,435 906  
Reconciliation of Net income to Adjusted EBITDA          
Adjusted EBITDA 208 23 350 (8)  
Corporate and other          
Segment Reporting Information [Line Items]          
Assets, Net of Investment in Unconsolidated Subsidiaries [1] 385   385   1,241
Net revenues          
Net revenues [2],[5] (6) (1) (10) (5)  
Reconciliation of Net income to Adjusted EBITDA          
Adjusted EBITDA [5] (15) (7) (28) (20)  
Vacation Ownership | COVID-19 [Member] | Operating Expense [Member]          
Reconciliation of Net income to Adjusted EBITDA          
Inventory Write-down       0  
Vacation Ownership | Operating Segments          
Segment Reporting Information [Line Items]          
Assets, Net of Investment in Unconsolidated Subsidiaries [1] 4,782   4,782   5,000
Net revenues          
Net revenues [2] 599 238 1,048 641  
Reconciliation of Net income to Adjusted EBITDA          
Adjusted EBITDA 133 (12) $ 200 (87)  
Travel and Membership          
Segment Reporting Information [Line Items]          
Number of brands | brand     3    
Travel and Membership | COVID-19 [Member] | Operating Expense [Member]          
Reconciliation of Net income to Adjusted EBITDA          
Inventory Write-down       38  
Travel and Membership | Operating Segments          
Segment Reporting Information [Line Items]          
Assets, Net of Investment in Unconsolidated Subsidiaries [1] 1,472   $ 1,472   $ 1,372
Net revenues          
Net revenues [2] 204 106 387 265  
Reconciliation of Net income to Adjusted EBITDA          
Adjusted EBITDA $ 75 $ 35 $ 150 $ 79  
[1] Excludes investment in consolidated subsidiaries.
[2] 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.
[3] Reflects severance and other employee costs associated with layoffs due to the COVID-19 workforce reduction offset in part by employee retention credits received in connection with the U.S. CARES Act, ARPA, and similar international programs for wages paid to certain employees despite having operations suspended. This amount does not include costs associated with idle pay.
[4] Includes $5 million of bad debt expense related to a note receivable for the three and six months ended June 30, 2020, included in Operating expenses on the Condensed Consolidated Statements of Income/(Loss).
[5] Includes the elimination of transactions between segments.