v3.24.1.u1
Condensed Consolidated Statements Of Income/(Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net revenues    
Net revenues $ 916 $ 879
Expenses    
Operating 438 420
Cost of vacation ownership interests 34 30
Consumer financing interest 33 25
Marketing 121 112
General and administrative 112 124
Depreciation and amortization 28 28
Total expenses 766 739
Loss on sale of business [1] 0 2
Operating income 150 138
Interest expense 64 58
Other (income), net (2) (2)
Interest (income) (4) (3)
Income before income taxes 92 85
Provision for income taxes 26 22
Net income from continuing operations 66 63
Gain on disposal of discontinued business, net of income taxes 0 1
Net income attributable to Travel + Leisure Co. shareholders $ 66 $ 64
Basic earnings per share    
Continuing operations [2] $ 0.93 $ 0.81
Discontinued operations [2] 0 0.01
Basic earnings per share [2] 0.93 0.82
Diluted earnings per share    
Continuing operations [2] 0.92 0.81
Discontinued operations [2] 0 0
Diluted earnings per share [2] $ 0.92 $ 0.81
Service and membership fees    
Net revenues    
Net revenues $ 419 $ 420
Vacation ownership interest sales    
Net revenues    
Net revenues 369 338
Consumer financing    
Net revenues    
Net revenues 110 103
Other    
Net revenues    
Net revenues $ 18 $ 18
[1] Represents the loss on sale of the Love Home Swap business.
[2] Earnings per share amounts are calculated using whole numbers.

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