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 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Disaggregation of Revenue [Line Items]          
Net revenues [1] $ 839 $ 614   $ 2,264 $ 1,515
Provision for loan losses       120 391
Operating Segments          
Disaggregation of Revenue [Line Items]          
Net revenues 845 620   2,281 1,527
Corporate and other          
Disaggregation of Revenue [Line Items]          
Net revenues [1],[2] (6) (6)   (17) (12)
Corporate and other | Eliminations          
Disaggregation of Revenue [Line Items]          
Net revenues [1] (6) (6)   (17) (12)
Vacation Ownership | Operating Segments          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 660 475   1,708 1,116
Vacation Ownership | Operating Segments | Vacation Ownership Interest Sales [Member]          
Disaggregation of Revenue [Line Items]          
Net revenues [1],[3] 344 196   810 273
Vacation Ownership | Operating Segments | Property management fees and reimbursable revenues          
Disaggregation of Revenue [Line Items]          
Net revenues [1],[4] 171 146   489 438
Vacation Ownership | Operating Segments | Consumer financing          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 103 115   304 360
Vacation Ownership | Operating Segments | Fee-for-Service commissions          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 28 6   69 10
Vacation Ownership | Operating Segments | Ancillary revenues          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 14 12   36 35
Travel and Membership | Operating Segments          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 185 145   573 411
Travel and Membership | Operating Segments | Transaction revenues          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 133 86   418 227
Travel and Membership | Operating Segments | Subscription revenue          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 43 43   127 120
Travel and Membership | Operating Segments | Ancillary revenues          
Disaggregation of Revenue [Line Items]          
Net revenues [1] 9 $ 16   28 64
Vacation Ownership Interest Sales [Member] | COVID-19 [Member]          
Disaggregation of Revenue [Line Items]          
Provision for loan losses (21)   $ 225 (47) 225
Vacation Ownership Interest Sales [Member] | Vacation Ownership | COVID-19 [Member]          
Disaggregation of Revenue [Line Items]          
Provision for loan losses (21)     (47) 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 nine months ended September 30, 2020. During 2021, the Company analyzed the adequacy of this COVID-19 related allowance consistent with past methodology, resulting in a $21 million and $47 million release which is reflected as an increase in Vacation ownership interest sales on the Condensed Consolidated Statements of Income/(Loss) during the three and nine months ended September 30, 2021.
[4] Reflects the impact of reclassifying the Extra Holidays business line from the Vacation Ownership segment to Travel and Membership.