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RESTRUCTURING CHARGES (Tables)

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Schedule of restructuring and related costs

The following table shows the composition of our Restructuring charges, by segment, for the three and six months ended June 30, 2025.

						Three Months Ended June 30, 2025																								Six Months Ended June 30, 2025
($ in millions)						Vacation Ownership						Exchange & Third-Party Management						Corporate & Other						Total						Vacation Ownership						Exchange & Third-Party Management						Corporate & Other						Total
SBO initiatives						$	1					$	—					$	32					$	33					$	1					$	—					$	43					$	44
Severance						—						—						1						1						—						—						—						—
Facility related						—						—						—						—						—						2						—						2
						$	1					$	—					$	33					$	34					$	1					$	2					$	43					$	46

The table below shows the composition of our restructuring costs related to SBO initiatives.

($ in millions)						Three Months Ended June 30, 2025						Six Months Ended June 30, 2025
Advisory services						$	29					$	38
Severance						1						3
Other						3						3
						$	33					$	44

Schedule of restructuring reserve activity

The following table presents the activity for this accrual on our Balance Sheet related to these restructuring charges.

($ in millions)						SBO Initiatives
Balance at December 31, 2024						$	1
Restructuring charges						44
Cash payments						(26)
Balance at June 30, 2025						$	19

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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-Topic 420
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-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
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