Annual report pursuant to Section 13 and 15(d)

Income Taxes (Deferred Income Tax Assets and Liabilities) (Details)

v3.22.4
Income Taxes (Deferred Income Tax Assets and Liabilities) (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Deferred Taxes [Line Items]    
Provision for doubtful accounts and loan loss allowance for vacation ownership contract receivables $ 179 $ 180
Foreign tax credit carryforward 69 77
Accrued liabilities and deferred income 76 76
Other comprehensive income 78 73
Net operating loss carryforward 33 33
Tax basis differences in assets of foreign subsidiaries 12 11
Other 88 89
Valuation Allowance [1] (151) (156)
Deferred income tax assets 384 383
Installment sales of vacation ownership interests 701 700
Depreciation and amortization 220 227
Other comprehensive income 57 53
Estimated VOI recoveries 47 46
Other 15 18
Deferred income tax liabilities 1,040 1,044
Net deferred income tax liabilities 656 661
Foreign Tax Credits 52 56
Net Operating Loss Carryforwards 20 21
Other Deferred Tax Assets 79 79
Other assets    
Deferred Taxes [Line Items]    
Net deferred income tax liabilities 23 25
Deferred tax liabilities [Member]    
Deferred Taxes [Line Items]    
Net deferred income tax liabilities $ 679 $ 686
[1] The valuation allowance of $151 million at December 31, 2022, relates to foreign tax credits, net operating loss carryforwards, and certain deferred tax assets of $52 million, $20 million, and $79 million. The valuation allowance of $156 million at December 31, 2021, relates to foreign tax credits, net operating loss carryforwards, and certain deferred tax assets of $56 million, $21 million, and $79 million. The valuation allowance will be reduced when and if the Company determines it is more likely than not that the related deferred income tax assets will be realized.