Quarterly report pursuant to Section 13 or 15(d)

Earnings/(Loss) Per Share (Computation Of Basic And Diluted EPS) (Details)

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Earnings/(Loss) Per Share (Computation Of Basic And Diluted EPS) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Net income/(loss) from continuing operations attributable to Travel + Leisure Co. shareholders $ 101 $ 40 $ 203 $ (258)
Loss on disposal of discontinued business, net of income taxes 0 0 (2) 0
Net income/(loss) attributable to Travel + Leisure Co. shareholders $ 101 $ 40 $ 201 $ (258)
Basic earnings/(loss) per share        
Continuing operations [1] $ 1.16 $ 0.47 $ 2.35 $ (3.00)
Discontinued operations [1] 0 0 (0.02) 0
Basic earnings/(loss) per share [1] 1.16 0.47 2.33 (3.00)
Diluted earnings/(loss) per share        
Continuing operations [1] 1.15 0.47 2.33 (3.00)
Discontinued operations [1] 0 0 (0.03) 0
Diluted earnings/(loss) per share [1] $ 1.15 $ 0.47 $ 2.30 $ (3.00)
Basic weighted average shares outstanding (in shares) 86.6 85.9 86.5 86.1
Stock-settled appreciation rights (“SSARs”), RSUs and PSUs (in shares) [2],[3],[4] 0.8 0.2 0.8 0.0
Diluted weighted average shares outstanding (in shares) [5] 87.4 86.1 87.3 86.1
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]        
Aggregate dividends paid to shareholders $ 26 $ 26 $ 79 $ 112
Restricted Stock Units (RSUs)        
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]        
Shares excluded from computation of diluted EPS (in shares) 0.4 1.0 0.3 1.1
Restricted Stock Units (RSUs) | Dilutive Outside Loss Position        
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]        
Shares excluded from computation of diluted EPS (in shares)       0.1
Performance Shares [Member]        
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]        
Shares excluded from computation of diluted EPS (in shares) 0.4 0.3 0.4 0.3
Share-based Payment Arrangement, Option [Member]        
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]        
Shares excluded from computation of diluted EPS (in shares) 1.4 2.3 1.4 2.1
[1] Earnings/(loss) per share amounts are calculated using whole numbers.
[2] Excludes 0.4 million and 0.3 million of anti-dilutive restricted stock units (“RSUs”) for the three and nine months ended September 30, 2021. Excludes 1.0 million and 1.1 million of anti-dilutive RSUs for the three and nine months ended September 30, 2020, of which 0.1 million would have been dilutive for the nine months ended September 30, 2020 had the Company not been in a net loss position during the period. These shares could potentially dilute EPS in the future.
[3] Excludes 1.4 million of outstanding non-qualified stock option (“NQs”) awards that would have been anti-dilutive to EPS for both the three and nine months ended September 30, 2021. Excludes 2.3 million and 2.1 million of outstanding NQ awards that would have been anti-dilutive to EPS for the three and nine months ended September 30, 2020. These outstanding stock option awards could potentially dilute EPS in the future
[4] Excludes performance-vested restricted stock units (“PSUs”) of 0.4 million for both the three and nine months ended September 30, 2021, as the Company had not met the required performance metrics. Excludes 0.3 million PSUs for both the three and nine months ended September 30, 2020, as the Company has not met the required performance metrics. These PSUs could potentially dilute EPS in the future.
[5] The dilutive impact of the Company’s potential common stock is computed utilizing the treasury stock method using average market prices during the period.