XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.25.1

REVENUE AND RECEIVABLES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Disaggregation of revenue |
| Three Months Ended March 31, 2025
($ in millions) | Vacation Ownership |  | Exchange & Third-Party Management |  | Corporate and Other |  | Total
Sale of vacation ownership products | $ | 355 |  |  | $ | — |  |  | $ | — |  |  | $ | 355 |
Ancillary revenues | 65 |  |  | 1 |  |  | — |  |  | 66 |
Management fee revenues | 55 |  |  | 3 |  |  | (1) |  |  | 57 |
Exchange and other services revenues | 35 |  |  | 42 |  |  | 15 |  |  | 92 |
Management and exchange | 155 |  |  | 46 |  |  | 14 |  |  | 215 |
Rental | 159 |  |  | 10 |  |  | — |  |  | 169 |
Cost reimbursements | 378 |  |  | 2 |  |  | (7) |  |  | 373 |
Revenue from contracts with customers | 1,047 |  |  | 58 |  |  | 7 |  |  | 1,112 |
Financing | 88 |  |  | — |  |  | — |  |  | 88 |
Total Revenues | $ | 1,135 |  |  | $ | 58 |  |  | $ | 7 |  |  | $ | 1,200 |
| Three Months Ended March 31, 2024
($ in millions) | Vacation Ownership |  | Exchange & Third-Party Management |  | Corporate and Other |  | Total
Sale of vacation ownership products | $ | 352 |  |  | $ | — |  |  | $ | — |  |  | $ | 352 |
Ancillary revenues | 65 |  |  | 1 |  |  | — |  |  | 66 |
Management fee revenues | 52 |  |  | 5 |  |  | (1) |  |  | 56 |
Exchange and other services revenues | 31 |  |  | 46 |  |  | 12 |  |  | 89 |
Management and exchange | 148 |  |  | 52 |  |  | 11 |  |  | 211 |
Rental | 147 |  |  | 11 |  |  | — |  |  | 158 |
Cost reimbursements | 400 |  |  | 2 |  |  | (11) |  |  | 391 |
Revenue from contracts with customers | 1,047 |  |  | 65 |  |  | — |  |  | 1,112 |
Financing | 83 |  |  | — |  |  | — |  |  | 83 |
Total Revenues | $ | 1,130 |  |  | $ | 65 |  |  | $ | — |  |  | $ | 1,195 |
Revenue remaining performance obligation | The following tables detail the timing of revenue from contracts with customers by segment for the time periods presented.
| Three Months Ended March 31, 2025
($ in millions) | Vacation Ownership |  | Exchange & Third-Party Management |  | Corporate and Other |  | Total
Services transferred over time | $ | 620 |  |  | $ | 21 |  |  | $ | 7 |  |  | $ | 648 |
Goods or services transferred at a point in time | 427 |  |  | 37 |  |  | — |  |  | 464 |
Revenue from contracts with customers | $ | 1,047 |  |  | $ | 58 |  |  | $ | 7 |  |  | $ | 1,112 |
| Three Months Ended March 31, 2024
($ in millions) | Vacation Ownership |  | Exchange & Third-Party Management |  | Corporate and Other |  | Total
Services transferred over time | $ | 625 |  |  | $ | 24 |  |  | $ | — |  |  | $ | 649 |
Goods or services transferred at a point in time | 422 |  |  | 41 |  |  | — |  |  | 463 |
Revenue from contracts with customers | $ | 1,047 |  |  | $ | 65 |  |  | $ | — |  |  | $ | 1,112 |
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 March 31, 2025 or December 31, 2024.
($ in millions) | At March 31, 2025 |  | At December 31, 2024
Receivables from Contracts with Customers |  |  |
Accounts and contracts receivable, net | $ | 258 |  |  | $ | 250 |
Vacation ownership notes receivable, net | 2,446 |  |  | 2,440 |
| $ | 2,704 |  |  | $ | 2,690 |
Contract Liabilities |  |  |
Advance deposits | $ | 167 |  |  | $ | 162 |
Deferred revenue | 442 |  |  | 354 |
| $ | 609 |  |  | $ | 516 |
Accounts and nontrade receivable | The following table shows the composition of our accounts and contracts receivable balances:
($ in millions) | At March 31, 2025 |  | At December 31, 2024
Receivables from contracts with customers, net | $ | 258 |  |  | $ | 250 |
Interest receivable | 19 |  |  | 20 |
Tax receivable | 52 |  |  | 57 |
Indemnification assets | 34 |  |  | 34 |
Employee tax credit receivable | 10 |  |  | 10 |
Other | 16 |  |  | 16 |
| $ | 389 |  |  | $ | 387 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Accounts and Nontrade Receivable + References No definition available. + Details
Name: | vac_AccountsAndNontradeReceivableTableTextBlock
Namespace Prefix: | vac_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration