Annual report pursuant to Section 13 and 15(d)

Restructuring (Tables)

v3.22.4
Restructuring (Tables)
 12 Months Ended
Dec. 31, 2022
Restructuring Charges [Abstract]  
Activity Related To The Restructuring Costs
The activity associated with all of the Company’s restructuring plans is summarized by category as follows (in millions):
Liability as of 2020 Activity Liability as of
December 31, 2019 Costs
Recognized		 Cash
Payments		 Other December 31, 2020
Facility-related $ —  $ 24  $ (1) $ —  $ 23 
Personnel-related 7  3 
(a)
 (9) —  1 
Marketing-related —  12  (10) —  2 
$ 7  $ 39  $ (20) $ —  $ 26 
Liability as of 2021 Activity Liability as of
December 31, 2020 Costs
Recognized		 Cash
Payments		 Other December 31, 2021
Facility-related $ 23  $ —  $ (1) $ —  $ 22 
Personnel-related 1  —  (1) —  — 
Marketing-related 2  (1)
(b)
 (4) 3 
(c)
 — 
$ 26  $ (1) $ (6) $ 3  $ 22 
Liability as of 2022 Activity Liability as of
December 31, 2021 Costs
Recognized		 Cash
Payments		 Other December 31, 2022
Facility-related $ 22  $ 1  $ (4) $ 1  $ 20 
Personnel-related —  13  (4) (3)
(d)
 6 
$ 22  $ 14  $ (8) $ (2) $ 26 
(a)Includes $2 million of restructuring charges related to 2019 Restructuring Plans which have been fully repaid.
(b)Includes $1 million reversal of expense related to the reimbursement of prepaid licensing fees that were previously written-off at the Vacation Ownership segment.
(c)Includes $2 million reimbursement of termination payments and $1 million reimbursement of license fees at the Vacation Ownership segment.
(d)Represents $3 million of accelerated stock-based compensation expense included in Additional paid-in capital on the Consolidated Balance Sheets.