Annual report pursuant to Section 13 and 15(d)

Segment Information (Summary Of Segment Information) (Details)

v3.22.4
Segment Information (Summary Of Segment Information) (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2022
USD ($)
segment
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Segment Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax [1] $ 3,567 $ 3,134 $ 2,160
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Net income/(loss) attributable to Travel + Leisure Co. shareholders 357 308 (255)
(Gain)/loss on disposal of discontinued business, net of income taxes (1) 5 2
Provision/(benefit) for income taxes 130 116 (23)
Depreciation and amortization 119 124 126
Interest expense 195 198 192
Interest (income) (6) (3) (7)
Stock-based compensation 45 32 20
Restructuring [2] 14 (1) 39
Asset impairments/(recoveries), net 10 (5) [3] 52
Loss/(gain) on equity investment (5) 3 0
Legacy items 1 4 4
Inventory write-down 0 0 48
Fair value change in contingent consideration (10) 0 0
Adjusted EBITDA 859 778 259
Adjusted EBITDA      
Adjusted EBITDA 859 778 259
Segment Assets      
Segment assets [4] $ 6,757 6,588  
Number of Reportable Segments | segment 2    
Capital Expenditures $ 52 57 69
Asset impairments/(recoveries), net 10 (5) 52
COVID-19 (Member)      
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Asset impairments/(recoveries), net [3]     57
COVID-19 related costs Adj EBITDA [5] 2 3 56
Operating Segments      
Segment Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 3,570 3,137 2,165
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Adjusted EBITDA 933 840 312
Adjusted EBITDA      
Adjusted EBITDA 933 840 312
Segment Assets      
Segment assets [4] 6,161 6,157  
Capital Expenditures 49 51 62
Corporate and Other      
Segment Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax [1],[6] (3) (3) (5)
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Adjusted EBITDA [6] (74) (62) (53)
Adjusted EBITDA      
Adjusted EBITDA [6] (74) (62) (53)
Segment Assets      
Segment assets [4] 596 431  
Capital Expenditures 3 6 7
Vacation Ownership | Operating Segments      
Segment Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax [1] 2,835 2,423 1,637
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Adjusted EBITDA 665 569 121
Adjusted EBITDA      
Adjusted EBITDA 665 569 121
Segment Assets      
Segment assets [4] 4,826 4,760  
Capital Expenditures 32 34 41
Travel and Membership | Operating Segments      
Segment Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax [1] 735 714 528
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Adjusted EBITDA 268 271 191
Adjusted EBITDA      
Adjusted EBITDA 268 271 191
Segment Assets      
Segment assets [4] 1,335 1,397  
Capital Expenditures 17 17 21
Restructuring      
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Stock-based compensation 3    
Cost of vacation ownership interest [Member]      
Segment Assets      
Asset impairments/(recoveries), net 1    
Operating Expense      
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Asset impairments/(recoveries), net     5
Operating Expense | COVID-19 (Member)      
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Asset impairments/(recoveries), net     5
Inventory write-down     48
Operating Expense | Vacation Ownership | COVID-19 (Member)      
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Inventory write-down     0
Operating Expense | Travel and Membership | COVID-19 (Member)      
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Inventory write-down     48
General and Administrative Expense [Member]      
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Stock-based compensation 42 $ 32 $ 20
Asset impairments/(recoveries),net and Cost of vacation ownership interests      
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Asset impairments/(recoveries), net [3] $ 11    
[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 $3 million of stock-based compensation expense for the year ended December 31, 2022 associated with the 2022 restructuring plans.
[3] Includes $1 million of inventory impairments for the year ended December 31, 2022, included in Cost of vacation ownership interests on the Consolidated Statements of Income/(Loss). Includes $5 million of bad debt expense related to a note receivable for the year ended December 31, 2020, included in Operating expenses on the Consolidated Statements of Income/(Loss).
[4] Excludes investment in consolidated subsidiaries.
[5] Includes expenses related to COVID-19 testing and other expenses associated with the Company’s return-to-work program in 2022. In 2021 and 2020, this includes severance and other employee costs associated with layoffs due to the COVID-19 workforce reduction offset in part by U.S. and international government employee retention credits.
[6] Includes the elimination of transactions between segments.