Annual report pursuant to Section 13 and 15(d)

Earnings/(Loss) Per Share (Computation Of Basic And Diluted EPS) (Details)

v3.22.4
Earnings/(Loss) Per Share (Computation Of Basic And Diluted EPS) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]                              
Net income/(loss) from continuing operations attributable to Travel + Leisure Co. shareholders                         $ 356 $ 313 $ (253)
Gain/(loss) on disposal of discontinued business, net of income taxes                         1 (5) (2)
Net income/(loss) attributable to Travel + Leisure Co. shareholders                         $ 357 $ 308 $ (255)
Basic earnings/(loss) per share                              
Continuing operations [1]                         $ 4.27 $ 3.62 $ (2.95)
Discontinued operations [1]                         0.01 (0.06) (0.02)
Basic earnings/(loss) per share [1]                         4.28 3.56 (2.97)
Diluted earnings/(loss) per share                              
Continuing operations [1]                         4.23 3.58 (2.95)
Discontinued operations [1]                         0.01 (0.06) (0.02)
Diluted earnings/(loss) per share [1]                         $ 4.24 $ 3.52 $ (2.97)
Basic weighted average shares outstanding                         83,400 86,500 86,100
SSARs, RSUs and PSUs [2],[3],[4]                         800 800 0
Diluted weighted average shares outstanding [5]                         84,200 87,300 86,100
Cash dividends per share (in usd per share) $ 0.40 $ 0.40 $ 0.40 $ 0.40 $ 0.35 $ 0.30 $ 0.30 $ 0.30 $ 0.30 $ 0.30 $ 0.50 $ 0.50 $ 1.60 [6] $ 1.25 [6] $ 1.60 [6]
Aggregate dividends paid to shareholders                         $ 135 $ 109 $ 138
Restricted Stock Units (RSUs) [Member]                              
Diluted earnings/(loss) per share                              
Shares excluded from computation of diluted EPS                         700 400 1,100
Restricted Stock Units (RSUs) [Member] | Dilutive Outside Loss Position                              
Diluted earnings/(loss) per share                              
Shares excluded from computation of diluted EPS                             200
Performance-vested restricted Stock Units (PSUs)                              
Diluted earnings/(loss) per share                              
Shares excluded from computation of diluted EPS                         500 400 300
Employee Stock Option                              
Diluted earnings/(loss) per share                              
Shares excluded from computation of diluted EPS                         1,600 1,400 2,100
[1] Earnings/(loss) per share amounts are calculated using whole numbers.
[2] Excludes 0.7 million, 0.4 million, and 1.1 million of restricted stock units (“RSUs”) that would have been anti-dilutive to EPS for the years 2022, 2021, and 2020, of which 0.2 million would have been dilutive during 2020 had the Company not been in a net loss position. These shares could potentially dilute EPS in the future.
[3] Excludes 1.6 million, 1.4 million, and 2.1 million of outstanding non-qualified stock options (“NQs”) that would have been anti-dilutive to EPS for the years 2022, 2021, and 2020. These outstanding NQs could potentially dilute EPS in the future.
[4] Excludes performance-vested restricted stock units (“PSUs”) of 0.5 million, 0.4 million, and 0.3 million for the years 2022, 2021, and 2020, as the Company had not met the required performance metrics. These PSUs could potentially dilute EPS in the future.
[5] The dilutive impact of the Company’s potential common stock is computed utilizing the treasury stock method using average market prices during the period.
[6] During 2022, the Company paid cash dividends of $0.40 per share for all four quarters. During 2021, the Company paid cash dividends of $0.30 per share for the first, second, and third quarters, and $0.35 per share for the fourth quarter. The Company paid cash dividends of $0.50 per share for the first and second quarters, and $0.30 per share for the third and fourth quarters of 2020.