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REVENUE AND RECEIVABLES (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of revenue |
| 2024
($ in millions) | Vacation Ownership |  | Exchange & Third-Party Management |  | Corporate and Other |  | Total
Sale of vacation ownership products | $ | 1,448 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,448 |
Ancillary revenues | 266 |  |  | 4 |  |  | — |  |  | 270 |
Management fee revenues | 207 |  |  | 12 |  |  | (5) |  |  | 214 |
Exchange and other services revenues | 139 |  |  | 166 |  |  | 54 |  |  | 359 |
Management and exchange | 612 |  |  | 182 |  |  | 49 |  |  | 843 |
Rental | 605 |  |  | 40 |  |  | — |  |  | 645 |
Cost reimbursements | 1,723 |  |  | 9 |  |  | (43) |  |  | 1,689 |
Revenue from contracts with customers | 4,388 |  |  | 231 |  |  | 6 |  |  | 4,625 |
Financing | 342 |  |  | — |  |  | — |  |  | 342 |
Total Revenues | $ | 4,730 |  |  | $ | 231 |  |  | $ | 6 |  |  | $ | 4,967 |
| 2023
($ in millions) | Vacation Ownership |  | Exchange & Third-Party Management |  | Corporate and Other |  | Total
Sale of vacation ownership products | $ | 1,460 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,460 |
Ancillary revenues | 252 |  |  | 5 |  |  | — |  |  | 257 |
Management fee revenues | 180 |  |  | 24 |  |  | (3) |  |  | 201 |
Exchange and other services revenues | 136 |  |  | 177 |  |  | 42 |  |  | 355 |
Management and exchange | 568 |  |  | 206 |  |  | 39 |  |  | 813 |
Rental | 531 |  |  | 40 |  |  | — |  |  | 571 |
Cost reimbursements | 1,587 |  |  | 16 |  |  | (42) |  |  | 1,561 |
Revenue from contracts with customers | 4,146 |  |  | 262 |  |  | (3) |  |  | 4,405 |
Financing | 322 |  |  | — |  |  | — |  |  | 322 |
Total Revenues | $ | 4,468 |  |  | $ | 262 |  |  | $ | (3) |  |  | $ | 4,727 |
| 2022
($ in millions) | Vacation Ownership |  | Exchange & Third-Party Management |  | Corporate and Other |  | Total
Sale of vacation ownership products | $ | 1,618 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,618 |
Ancillary revenues | 241 |  |  | 4 |  |  | — |  |  | 245 |
Management fee revenues | 166 |  |  | 34 |  |  | (5) |  |  | 195 |
Exchange and other services revenues | 127 |  |  | 188 |  |  | 72 |  |  | 387 |
Management and exchange | 534 |  |  | 226 |  |  | 67 |  |  | 827 |
Rental | 509 |  |  | 42 |  |  | — |  |  | 551 |
Cost reimbursements | 1,388 |  |  | 23 |  |  | (44) |  |  | 1,367 |
Revenue from contracts with customers | 4,049 |  |  | 291 |  |  | 23 |  |  | 4,363 |
Financing | 293 |  |  | — |  |  | — |  |  | 293 |
Total Revenues | $ | 4,342 |  |  | $ | 291 |  |  | $ | 23 |  |  | $ | 4,656 |
Revenue remaining performance obligation | The following tables detail the timing of revenue from contracts with customers by segment for each of the last three fiscal years.
| 2024
($ in millions) | Vacation Ownership |  | Exchange & Third-Party Management |  | Corporate and Other |  | Total
Services transferred over time | $ | 2,652 |  |  | $ | 91 |  |  | $ | 6 |  |  | $ | 2,749 |
Goods or services transferred at a point in time | 1,736 |  |  | 140 |  |  | — |  |  | 1,876 |
Revenue from contracts with customers | $ | 4,388 |  |  | $ | 231 |  |  | $ | 6 |  |  | $ | 4,625 |
| 2023
($ in millions) | Vacation Ownership |  | Exchange & Third-Party Management |  | Corporate and Other |  | Total
Services transferred over time | $ | 2,411 |  |  | $ | 111 |  |  | $ | (3) |  |  | $ | 2,519 |
Goods or services transferred at a point in time | 1,735 |  |  | 151 |  |  | — |  |  | 1,886 |
Revenue from contracts with customers | $ | 4,146 |  |  | $ | 262 |  |  | $ | (3) |  |  | $ | 4,405 |
| 2022
($ in millions) | Vacation Ownership |  | Exchange & Third-Party Management |  | Corporate and Other |  | Total
Services transferred over time | $ | 2,168 |  |  | $ | 130 |  |  | $ | 23 |  |  | $ | 2,321 |
Goods or services transferred at a point in time | 1,881 |  |  | 161 |  |  | — |  |  | 2,042 |
Revenue from contracts with customers | $ | 4,049 |  |  | $ | 291 |  |  | $ | 23 |  |  | $ | 4,363 |
Contract with customer, asset and liability | The following table shows the composition of our receivables from contracts with customers and contract liabilities. We had no contract assets at either December 31, 2024 or December 31, 2023.
($ in millions) | At December 31, 2024 |  | At December 31, 2023
Receivables |  |  |
Accounts and contracts receivable, net | $ | 250 |  |  | $ | 265 |
Vacation ownership notes receivable, net | 2,440 |  |  | 2,343 |
| $ | 2,690 |  |  | $ | 2,608 |
Contract Liabilities |  |  |
Advance deposits | $ | 162 |  |  | $ | 164 |
Deferred revenue | 354 |  |  | 382 |
| $ | 516 |  |  | $ | 546 |
Accounts and nontrade receivable | The following table shows the composition of our accounts and contracts receivable balances:
($ in millions) | At December 31, 2024 |  | At December 31, 2023
Receivables from contracts with customers, net | $ | 250 |  |  | $ | 265 |
Interest receivable | 20 |  |  | 18 |
Tax receivable | 57 |  |  | 44 |
Indemnification assets | 34 |  |  | 40 |
Employee tax credit receivable | 10 |  |  | 11 |
Other | 16 |  |  | 7 |
| $ | 387 |  |  | $ | 385 |

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