v3.24.2
Condensed Consolidated Statements Of Income/(Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net revenues        
Net revenues $ 985 $ 949 $ 1,900 $ 1,829
Expenses        
Operating 442 427 880 847
Cost of vacation ownership interests 21 33 55 64
Consumer financing interest 33 27 66 52
Marketing 144 127 265 238
General and administrative 128 114 239 239
Depreciation and amortization 28 28 56 55
Restructuring 0 11 0 11
Asset recoveries, net 0 (1) 0 (1)
Total expenses 796 766 1,561 1,505
Loss on sale of business [1] 0 0 0 2
Operating income 189 183 339 322
Interest expense 63 61 127 119
Other (income), net (4) 0 (5) (1)
Interest (income) (3) (3) (8) (6)
Income before income taxes 133 125 225 210
Provision for income taxes 36 36 62 58
Net income from continuing operations 97 89 163 152
Gain on disposal of discontinued business, net of income taxes 32 5 32 5
Net income attributable to Travel + Leisure Co. shareholders $ 129 $ 94 $ 195 $ 157
Basic earnings per share        
Continuing operations [2] $ 1.36 $ 1.18 $ 2.29 $ 1.99
Discontinued operations [2] 0.46 0.07 0.45 0.07
Basic earnings per share [2] 1.82 1.25 2.74 2.06
Diluted earnings per share        
Continuing operations [2] 1.36 1.18 2.28 1.98
Discontinued operations [2] 0.45 0.07 0.45 0.07
Diluted earnings per share [2] $ 1.81 $ 1.25 $ 2.73 $ 2.05
Service and membership fees        
Net revenues        
Net revenues $ 413 $ 424 $ 832 $ 844
Vacation ownership interest sales        
Net revenues        
Net revenues 441 401 810 739
Consumer financing        
Net revenues        
Net revenues 111 103 221 206
Other        
Net revenues        
Net revenues $ 20 $ 21 $ 37 $ 40
[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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