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BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

Segment Revenues and Adjusted EBITDA

The table below presents the following for the periods presented: revenues, disaggregated by segment, reconciled to consolidated revenue; segment expenses, including significant expense categories and amounts that align with segment-level information regularly provided to our CODM; and segment Adjusted EBITDA reconciled to Net income attributable to common stockholders.

			2024																		2023																		2022
($ in millions)			Vacation Ownership						Exchange & Third-Party Management						Total						Vacation Ownership						Exchange & Third-Party Management						Total						Vacation Ownership						Exchange & Third-Party Management						Total
Revenues from external customers			$	4,730					$	231					$	4,961					$	4,468					$	262					$	4,730					$	4,342					$	291					$	4,633
Reconciliation of revenues
Corporate and other(1)															6																		(3)																		23
Total consolidated revenues															$	4,967																	$	4,727																	$	4,656
Cost of vacation ownership products			(200)						—												(224)						—												(289)						—
Marketing and sales			(919)						—												(823)						—												(807)						—
Management and exchange			(293)						(122)												(270)						(118)												(240)						(120)
Rental			(498)						—												(466)						—												(400)						—
Financing			(146)						—												(113)						—												(75)						—
Royalty fee			(114)						—												(117)						—												(114)						—
Other segment items(2)			(1,715)						(7)												(1,572)						(14)												(1,384)						(23)
Segment Adjusted EBITDA			845						102						947						883						130						1,013						1,033						148						1,181
Corporate and other(1)															(220)																		(252)																		(215)
Interest expense, net															(162)																		(145)																		(118)
Depreciation and amortization															(146)																		(135)																		(132)
Share-based compensation expense															(33)																		(31)																		(39)
Certain items															(79)																		(50)																		(95)
Provision for income taxes															(89)																		(146)																		(191)
Net income attributable to common stockholders															$	218																	$	254																	$	391

(1)Corporate and Other consist of results that are not allocable to our segments, including company-wide general and administrative expenses, corporate interest expense, transaction and integration costs, and income taxes. In addition, Corporate and Other includes revenues and expenses from Consolidated Property Owners’ Associations. Our CODM does not use this information for operating segment resource allocations.

(2)Other segment items include cost reimbursements, non-cash share-based compensation, purchase accounting adjustments related to the Welk acquisition, and other.

Depreciation and Amortization

($ in millions)			2024						2023						2022
Vacation Ownership			$	100					$	93					$	92
Exchange & Third-Party Management			28						31						31
Total segment depreciation and amortization			128						124						123
Corporate and other			18						11						9
			$	146					$	135					$	132

Assets

Assets

($ in millions)			At December 31, 2024						At December 31, 2023
Vacation Ownership			$	8,296					$	8,167
Exchange & Third-Party Management			777						813
Total segment assets			9,073						8,980
Corporate and other			735						700
			$	9,808					$	9,680

Capital expenditures (including inventory)

Capital Expenditures (including inventory)

($ in millions)			2024						2023						2022
Vacation Ownership			$	237					$	171					$	182
Exchange & Third-Party Management			2						—						—
Total segment capital expenditures			239						171						182
Corporate and other			11						63						33
			$	250					$	234					$	215

Revenue by geographic areas

Revenues Excluding Cost Reimbursements

($ in millions)			2024						2023						2022
United States			$	2,797					$	2,722					$	2,886
All other countries			481						444						403
			$	3,278					$	3,166					$	3,289

Fixed assets by geographic areas

Property and Equipment, net

($ in millions)			At December 31, 2024						At December 31, 2023
United States			$	1,033					$	1,103
All other countries			137						157
			$	1,170					$	1,260

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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