CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues:
Service and membership related	$ 119	$ 110	$ 246	$ 222
Sales of vacation ownership products, net	123	49	233	58
Rental and ancillary services	97	63	204	89
Consumer financing	22	11	43	13
Cost reimbursements	89	64	176	101
Total revenues	450	297	902	483
Operating costs and expenses:
Cost of service and membership related sales	32	27	64	52
Cost of vacation ownership product sales	29	19	56	25
Cost of sales of rental and ancillary services	78	42	156	56
Cost of consumer financing	7	3	14	3
Cost reimbursements	89	64	176	101
Royalty fee expense	11	5	21	7
Selling and marketing expense	80	42	152	59
General and administrative expense	58	54	112	92
Amortization expense of intangibles	5	5	10	8
Depreciation expense	15	9	30	14
Total operating costs and expenses	404	270	791	417
Operating income	46	27	111	66
Other income (expense):
Interest income				1
Interest expense	(7)	(6)	(12)	(12)
Gain on bargain purchase	2	197	2	197
Other income (expense), net	(2)	1	8	2
Equity in earnings from unconsolidated entities	2	1	3	2
Total other income (expense), net	(5)	193	1	190
Earnings before income taxes and noncontrolling interests	41	220	112	256
Income tax provision	(14)	(36)	(39)	(49)
Net income	27	184	73	207
Net income attributable to noncontrolling interests		(1)	(1)	(1)
Net income attributable to common stockholders	$ 27	$ 183	$ 72	$ 206
Earnings per share attributable to common stockholders:
Basic (in dollars per share)	$ 0.22	$ 1.89	$ 0.58	$ 2.66
Diluted (in dollars per share)	$ 0.22	$ 1.87	$ 0.57	$ 2.64
Weighted average number of shares of common stock outstanding (in 000's):
Basic (in shares)	124,384	97,091	124,191	77,355
Diluted (in shares)	126,141	97,857	125,862	77,905
Dividends declared per share of common stock (in dollars per share)	$ 0.15	$ 0.12	$ 0.30	$ 0.24