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ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following table presents the fair value of each class of consideration transferred in relation to the Bluegreen Acquisition as of the Bluegreen Acquisition Date:
($ in millions, except share and per share data)
Number of Class A shares issued and outstanding12,504,138
Number of Class B shares issued and outstanding3,664,117
Number of Class A shares deliverable as equity awards673,169
Total shares and related equity awards outstanding16,841,424
Cash consideration to Bluegreen shareholders and equity award holders per share$75.00 
Purchase price$1,263 
Repayment of Bluegreen debt(1)
265 
Payment of seller transaction fees(2)
28 
Total consideration transferred$1,556 
(1)Reflects the balance of Bluegreen's debt repaid by HGV.
(2)Reflects transaction-related expenses incurred by Bluegreen but paid by HGV.
Schedule of Fair Values of Assets Acquired and Liabilities Assumed The following table presents the fair values of the assets acquired, liabilities assumed, and noncontrolling interest, as finalized:
($ in millions)January 17, 2024 (as reported at March 31, 2024)
Adjustments(1)
January 17, 2024 (as finalized at December 31, 2024)
Assets acquired
Cash and cash equivalents$58 $13 $71 
Restricted cash44 — 44 
Accounts receivable
32 — 32 
Timeshare financing receivables, net925 (54)871 
Inventory365 (2)363 
Property and equipment177 19 196 
Investment in unconsolidated affiliates
1 4 5 
Operating lease right-of-use assets18 1 19 
Intangible assets812 (57)755 
Other assets83 2 85 
Total assets acquired$2,515 $(74)$2,441 
Liabilities assumed
Accounts payable, accrued expenses and other$129 $13 $142 
Advanced deposits
2 38 40 
Debt
162 1 163 
Non-recourse debt
606 — 606 
Operating lease liabilities
20 — 20 
Deferred revenue57 (38)19 
Deferred income tax liabilities348 (28)320 
Total liabilities assumed1,324 (14)1,310 
Net assets acquired$1,191 $(60)$1,131 
Total consideration transferred$1,556 $— $1,556 
Less: Net assets acquired
(1,191)60 (1,131)
Plus: Noncontrolling interest
158 (18)140 
Goodwill(2)
$523 $42 $565 
(1)There were measurement period adjustments not impacting goodwill for the year ended December 31, 2024, primarily due to management's review of historical accounting records and alignment of policies. These adjustments primarily consisted of $13 million from Cash and cash equivalents to Accounts payable, accrued expenses and other and $38 million from Deferred revenue to Advanced deposits.
(2)Goodwill is calculated as total consideration transferred less net assets acquired plus noncontrolling interest and it primarily represents the value that we expect to obtain from synergies and growth opportunities from our combined Company post-acquisition.
Schedule of Financing Receivables
Acquired timeshare financing receivables with credit deterioration as of the Bluegreen Acquisition Date were as follows:
($ in millions)As of
January 17, 2024
Purchase price$871 
Allowance for credit losses163 
Premium attributable to other factors(76)
Par value$958 
The following table presents the acquired assets with credit deterioration as of the Grand Islander Acquisition Date:
($ in millions)
As of
December 1, 2023
Purchase price$252 
Allowance for credit losses24 
Premium attributable to other factors(2)
Par value$274 
Schedule of Estimates Of The Fair Value of Intangible Assets and Estimated Remaining Useful Lives
The following table presents our fair values of the acquired Bluegreen's identified intangible assets and their related remaining useful lives as of the Bluegreen Acquisition Date:
Weighted Average Estimated Useful Life
(in years)		Estimated Fair
Value
($ in millions)
Trade name7$30 
Management contracts19479 
Club member relationships1135 
Capitalized software37 
Marketing agreements
17154 
Other contract-related intangible assets1050 
Total intangible assets acquired$755 
Schedule of Goodwill
Resort Operations and Club Management SegmentReal Estate Sales and Financing SegmentTotal Consolidated
Goodwill$142 $423 $565 
Schedule of Acquisition Pro Forma Information
The following unaudited pro forma information presents the combined results of operations of HGV and Bluegreen as if we had completed the Bluegreen Acquisition on January 1, 2023, the first day of our 2023 fiscal year, but using the fair values of assets and liabilities as of the Bluegreen Acquisition Date. These unaudited pro forma results do not reflect any synergies from operating efficiencies. Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the Bluegreen Acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations.
Year Ended December 31,
($ in millions)20242023
Revenue$5,028 $5,013 
Net income
66 224 
Bluegreen Results of Operations
The following table presents the results of Bluegreen operations included in our consolidated statement of income for the period from the Bluegreen Acquisition Date through December 31, 2024:
($ in millions)January 17, 2024 to December 31, 2024
Revenue$985 
Net income6