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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Revenue from contracts with customers $ 4,625 $ 4,405 $ 4,363
Financing 342 322 293
TOTAL REVENUES 4,967 4,727 4,656
EXPENSES      
Marketing and sales 919 823 807
Financing 146 113 75
General and administrative 243 273 249
Depreciation and amortization 146 135 132
Litigation charges 17 13 11
Restructuring 10 6 0
Royalty fee 114 117 114
Impairment 30 32 2
Cost reimbursements 1,689 1,561 1,367
TOTAL EXPENSES 4,477 4,191 3,872
(Losses) gains and other (expense) income, net (1) 47 40
Interest expense, net (162) (145) (118)
Transaction and integration costs (18) (37) (125)
Other (3) (3) 1
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS 306 398 582
Provision for income taxes (89) (146) (191)
NET INCOME 217 252 391
Net loss attributable to noncontrolling interests 1 2 0
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 218 $ 254 $ 391
EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS      
Basic (in usd per share) $ 6.16 $ 6.96 $ 9.69
Diluted (in usd per share) 5.61 6.28 8.77
CASH DIVIDENDS DECLARED PER SHARE (in usd per share) $ 3.07 $ 2.92 $ 2.58
Sale of vacation ownership products      
REVENUES      
Revenue from contracts with customers $ 1,448 $ 1,460 $ 1,618
EXPENSES      
Expenses 200 224 289
Management and exchange      
REVENUES      
Revenue from contracts with customers 843 813 827
EXPENSES      
Expenses 482 442 444
Rental      
REVENUES      
Revenue from contracts with customers 645 571 551
EXPENSES      
Expenses 481 452 382
Cost reimbursements      
REVENUES      
Revenue from contracts with customers $ 1,689 $ 1,561 $ 1,367