Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Disaggregation of Net Revenues) (Details)

v3.22.4
Revenue Recognition (Disaggregation of Net Revenues) (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1]   $ 3,567 $ 3,134 $ 2,160
Provision for loan losses   302 129 415
COVID-19 (Member) | Vacation ownership interest sales        
Disaggregation of Revenue [Line Items]        
Provision for loan losses $ 225   (91) 205
Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax   3,570 3,137 2,165
Corporate and Other        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1],[2]   (3) (3) (5)
Corporate and Other | Eliminations [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1]   (3) (3) (5)
Vacation Ownership | COVID-19 (Member) | Vacation ownership interest sales        
Disaggregation of Revenue [Line Items]        
Provision for loan losses     (91) 205
Vacation Ownership | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1]   2,835 2,423 1,637
Vacation Ownership | Operating Segments | Vacation ownership interest sales        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1],[3]   1,484 1,176 505
Vacation Ownership | Operating Segments | Property Management Fees and Reimbursable Revenues [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1],[4]   763 691 595
Vacation Ownership | Operating Segments | Consumer financing        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1]   406 404 467
Vacation Ownership | Operating Segments | Fee-for-service Commissions [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1]   116 101 22
Vacation Ownership | Operating Segments | Ancillary Revenues [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1]   66 51 48
Travel and Membership | COVID-19 (Member) | Vacation ownership interest sales        
Disaggregation of Revenue [Line Items]        
Provision for loan losses     0 0
Travel and Membership | Operating Segments        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1]   735 714 528
Travel and Membership | Operating Segments | Transaction Revenues        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1]   519 503 292
Travel and Membership | Operating Segments | Deferred subscription revenue        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1]   184 176 160
Travel and Membership | Operating Segments | Ancillary Revenues [Member]        
Disaggregation of Revenue [Line Items]        
Revenue from Contract with Customer, Excluding Assessed Tax [1]   $ 32 $ 35 $ 76
[1] This table reflects the reclassification of the Extra Holidays business from the Travel and Membership segment into the Vacation Ownership segment for all periods presented. The Extra Holidays business revenue is included within Property management fees and reimbursable revenues.
[2] Includes the elimination of transactions between segments.
[3] The Company increased its loan loss allowance by $205 million during 2020, due to an expected increase in net new defaults driven by higher unemployment associated with COVID-19, which is reflected as a reduction to Vacation ownership interest sales on the Consolidated Statements of Income/(Loss). During 2021, the Company analyzed the adequacy of this COVID-19 related allowance consistent with past methodology, resulting in the release of $91 million which is reflected as an increase in Vacation ownership interest sales on the Consolidated Statements of Income/(Loss).
[4] Reflects the impact of reclassifying the Extra Holidays business from the Travel and Membership segment to the Vacation Ownership segment.