XML 57 R40.htm IDEA: XBRL DOCUMENT v3.25.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenues by Segment from Contracts with Customers
The following tables show our disaggregated revenues by product and segment from contracts with customers. We operate our business in the following two segments: (i) Real estate sales and financing and (ii) Resort operations and club management. See Note 22: Business Segments for more information related to our segments.
($ in millions)
Year Ended December 31,
Real Estate Sales and Financing Segment202420232022
Sales of VOIs, net$1,909 $1,416 $1,491 
Sales, marketing, brand and other fees637 634 620 
Interest income425 273 235 
Other financing revenue39 34 32 
Real estate sales and financing segment revenues$3,010 $2,357 $2,378 
($ in millions)
Year Ended December 31,
Resort Operations and Club Management Segment202420232022
Club management$303 $240 $227 
Resort management419 329 307 
Rental(1)
682 623 586 
Ancillary services51 43 40 
Resort operations and club management segment revenues$1,455 $1,235 $1,160 
(1)Excludes intersegment eliminations. See Note 22: Business Segments for additional information.
Schedule of Accounts Receivable from Contracts with Customers and Composition of Contract Liabilities
The following table provides information on our contracts with customers which are included in Accounts Receivable, net and Timeshare financing receivables, net, respectively, on our consolidated balance sheets:
($ in millions)
December 31,
Receivables from contracts with customers:
20242023
Accounts receivable, net$219 $343 
Timeshare financing receivables, net
3,006 2,113 
Total
$3,225 $2,456 
Contract liabilities include payments received or due in advance of satisfying our performance obligations. Such contract liabilities include advance deposits received on prepaid vacation packages for future stays at our resorts, deferred revenues related to sales of VOIs of projects under construction, Club activation fees and annual dues, the liability for bonus points awarded to our customers for purchase of VOIs at our properties or properties under our fee-for-service arrangements that may be redeemed in the future, deferred maintenance fees and other deferred revenue.
The following table presents the composition of our contract liabilities:
($ in millions)
December 31,
Contract liabilities:20242023
Advanced deposits$226 $179 
Deferred sales of VOIs of projects under construction9239
Club activation fees and annual dues
7997
Bonus Point incentive liability(1)
8683
Deferred maintenance fees1212
Other deferred revenue3538
(1)This balance includes $52 million and $54 million of bonus point incentive liabilities included in Accounts payable, accrued expenses and other on our consolidated balance sheets as of December 31, 2024, and 2023, respectively. This liability is for incentives from VOI sales and sales and marketing expenses in conjunction with our fee-for-service arrangements.
Schedule of Deferred Revenue Cost of Sales and Direct Selling Costs from Sales of Project Under Construction
The following table presents the deferred revenue, deferred cost of VOI sales and deferred direct selling costs from sales of VOIs related to projects under construction:
December 31,
($ in millions)20242023
Sales of VOIs, net$92 $39 
Cost of VOI sales28 10 
Sales and marketing expense13 6 
Schedule of Remaining Transaction Price Related to Advanced Deposits Club Activation Fees and Club Bonus Points
The following table includes the remaining transaction price related to Advanced deposits, Club activation fees and Bonus Points as of December 31, 2024:
($ in millions)Remaining
Transaction Price		Recognition PeriodRecognition Method
Advanced deposits$226 18 monthsUpon customer stays
Club activation fees67 7 yearsStraight-line basis over average inventory holding period
Bonus Points incentive liability
86 
18 - 30 months
Upon redemption