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 9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Sep. 30, 2021
USD ($)
segment
brand
Sep. 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] $ 6,601     $ 6,601   $ 7,613
Net revenues            
Net revenues [2] 839 $ 614   2,264 $ 1,515  
Reconciliation of Net income to Adjusted EBITDA            
Net income/(loss) attributable to Travel + Leisure shareholders 101 40   201 (258)  
Loss on disposal of discontinued business, net of income taxes 0 0   2 0  
Provision/(benefit) for income taxes 39 (21)   76 (54)  
Depreciation and amortization 31 32   93 94  
Interest expense 47 52   147 138  
Interest (income) (1) (2)   (1) (5)  
Stock-based compensation 8 6   24 14  
Legacy items 2 1   6 2  
Asset impairments 0 6   0 50  
Restructuring 0 2   (1) 27  
Adjusted EBITDA 228 139   550 111  
COVID-19 [Member]            
Reconciliation of Net income to Adjusted EBITDA            
COVID-19 related costs Adj EBITDA [3] 1 13   3 51  
Asset impairments [4] 0 6   0 54  
Exchange inventory write-off 0 10   0 48  
COVID-19 [Member] | Operating Expense [Member]            
Reconciliation of Net income to Adjusted EBITDA            
Asset impairments         5  
Exchange inventory write-off   10 $ 38   48  
Operating Segments            
Segment Reporting Information [Line Items]            
Assets, Net of Investment in Unconsolidated Subsidiaries [1] 6,194     6,194   6,372
Net revenues            
Net revenues 845 620   2,281 1,527  
Reconciliation of Net income to Adjusted EBITDA            
Adjusted EBITDA 245 155   595 148  
Corporate and other            
Segment Reporting Information [Line Items]            
Assets, Net of Investment in Unconsolidated Subsidiaries [1] 407     407   1,241
Net revenues            
Net revenues [2],[5] (6) (6)   (17) (12)  
Reconciliation of Net income to Adjusted EBITDA            
Adjusted EBITDA [5] (17) (16)   (45) (37)  
Vacation Ownership | COVID-19 [Member] | Operating Expense [Member]            
Reconciliation of Net income to Adjusted EBITDA            
Exchange inventory write-off   0     0  
Vacation Ownership | Operating Segments            
Segment Reporting Information [Line Items]            
Assets, Net of Investment in Unconsolidated Subsidiaries [1] 4,738     4,738   5,000
Net revenues            
Net revenues [2] 660 475   1,708 1,116  
Reconciliation of Net income to Adjusted EBITDA            
Adjusted EBITDA 177 93   $ 377 6  
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            
Exchange inventory write-off   10     48  
Travel and Membership | Operating Segments            
Segment Reporting Information [Line Items]            
Assets, Net of Investment in Unconsolidated Subsidiaries [1] 1,456     $ 1,456   $ 1,372
Net revenues            
Net revenues [2] 185 145   573 411  
Reconciliation of Net income to Adjusted EBITDA            
Adjusted EBITDA $ 68 $ 62   $ 218 $ 142  
[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 nine months ended September 30, 2020, included in Operating expenses on the Condensed Consolidated Statements of Income/(Loss).
[5] Includes the elimination of transactions between segments.