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BUSINESS SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | 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.
| Three Months Ended
| March 31, 2025 |  | March 31, 2024
($ in millions) | Vacation Ownership |  | Exchange & Third-Party Management |  | Total |  | Vacation Ownership |  | Exchange & Third-Party Management |  | Total
Revenues from external customers | $ | 1,135 |  |  | $ | 58 |  |  | $ | 1,193 |  |  | $ | 1,130 |  |  | $ | 65 |  |  | $ | 1,195 |
Reconciliation of revenues |  |  |  |  |  |  |  |  |  |  |
Corporate and other(1) |  |  |  |  | 7 |  |  |  |  |  |  | — |
Total consolidated revenues |  |  |  |  | $ | 1,200 |  |  |  |  |  |  | $ | 1,195 |
Cost of vacation ownership products | (42) |  |  | — |  |  |  |  | (53) |  |  | — |  |  |
Marketing and sales | (234) |  |  | — |  |  |  |  | (223) |  |  | — |  |  |
Management and exchange | (72) |  |  | (29) |  |  |  |  | (71) |  |  | (31) |  |  |
Rental | (126) |  |  | — |  |  |  |  | (110) |  |  | — |  |  |
Financing | (36) |  |  | — |  |  |  |  | (34) |  |  | — |  |  |
Royalty fee | (28) |  |  | — |  |  |  |  | (28) |  |  | — |  |  |
Other segment items(2) | (376) |  |  | (1) |  |  |  |  | (398) |  |  | (2) |  |  |
Segment Adjusted EBITDA | 221 |  |  | 28 |  |  | 249 |  |  | 213 |  |  | 32 |  |  | 245 |
Corporate and other(1) |  |  |  |  | (57) |  |  |  |  |  |  | (58) |
Interest expense, net |  |  |  |  | (40) |  |  |  |  |  |  | (40) |
Depreciation and amortization |  |  |  |  | (38) |  |  |  |  |  |  | (38) |
Share-based compensation expense |  |  |  |  | (7) |  |  |  |  |  |  | (7) |
Amortization of cloud computing software implementation costs |  |  |  |  | (1) |  |  |  |  |  |  | — |
Certain items |  |  |  |  | (5) |  |  |  |  |  |  | (20) |
Provision for income taxes |  |  |  |  | (45) |  |  |  |  |  |  | (35) |
Net income attributable to common stockholders |  |  |  |  | $ | 56 |  |  |  |  |  |  | $ | 47 |
(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, amortization of cloud computing software implementation costs, and other.
Assets | Assets
($ in millions) | At March 31, 2025 |  | At December 31, 2024
Vacation Ownership | $ | 8,416 |  |  | $ | 8,296 |
Exchange & Third-Party Management | 759 |  |  | 777 |
Total segment assets | 9,175 |  |  | 9,073 |
Corporate and other | 707 |  |  | 735 |
| $ | 9,882 |  |  | $ | 9,808 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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