Quarterly report pursuant to Section 13 or 15(d)

COVID-19 Related Items (Tables)

v3.21.2
COVID-19 Related Items (Tables)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Restructuring and Related Activities [Abstract]    
COVID-19 Related Impacts [Table Text Block]
During the three months ended September 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 $ (21) $ —  $ —  $ (21) Vacation ownership interest sales
Recoveries —  —  Cost/(recovery) of vacation ownership interests
Employee compensation related and other —  —  COVID-19 related costs
Total COVID-19 $ (12) $ —  $ —  $ (12)

During the nine months ended September 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 $ (47) $ —  $ —  $ (47) Vacation ownership interest sales
Recoveries 17  —  —  17  Cost/(recovery) of vacation ownership interests
Employee compensation related and other —  COVID-19 related costs
Lease related (1) —  —  (1) Restructuring
Total COVID-19 $ (29) $ —  $ $ (28)
During the three months ended September 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 $ 11  $ $ $ 14  COVID-19 related costs
Exchange inventory write-off —  10  —  10  Operating expenses
Asset impairments —  —  Asset impairments
Lease related —  —  Restructuring
Total COVID-19 $ 18  $ 11  $ $ 31 
During the nine months ended September 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 62  13  81  COVID-19 related costs
Asset impairments 20  34  —  54  Asset impairments/
Operating expenses
Exchange inventory write-off —  48  —  48  Operating expenses
Lease related 22  —  24  Restructuring
Total COVID-19 $ 254  $ 110  $ 13  $ 377 
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 September 30, 2021
COVID-19 employee-related $ $ $ (6) $
$ $ $ (6) $