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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 4 Months Ended 12 Months Ended
Dec. 07, 2017
Sep. 07, 2017
May 11, 2017
Feb. 09, 2017
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Sep. 09, 2016
Jun. 17, 2016
Mar. 25, 2016
Dec. 30, 2016
Dec. 31, 2017
Dec. 30, 2016
Jan. 01, 2016
REVENUES                              
Sale of vacation ownership products                         $ 757 $ 623 $ 693
Resort management and other services                         279 278 269
Financing                         135 127 125
Rental                         262 252 260
Cost reimbursements                         750 720 720
TOTAL REVENUES         $ 562 $ 530 $ 563 $ 528 $ 484 $ 452 $ 442 $ 622 2,183 2,000 2,067
EXPENSES                              
Cost of vacation ownership products                         194 163 218
Marketing and sales                         395 340 317
Resort management and other services                         155 157 163
Financing                         18 19 21
Rental                         223 212 211
General and administrative                         110 105 106
Litigation settlement                         4 (1) 0
Organizational and separation related                         0 0 1
Consumer financing interest                         25 24 25
Royalty fee                         63 61 59
Impairment                         0 0 1
Cost reimbursements                         750 720 720
TOTAL EXPENSES         504 461 489 483 418 416 424 542 1,937 1,800 1,842
Gains and other income, net                         6 11 10
Interest expense                         (10) (9) (13)
Other                         (2) (4) (8)
INCOME BEFORE INCOME TAXES                         240 198 214
Provision for income taxes                         (5) (76) (87)
NET INCOME         $ 112 $ 47 $ 48 $ 28 $ 41 $ 25 $ 7 $ 49 $ 235 $ 122 $ 127
EARNINGS PER SHARE                              
Basic earnings per share (in usd per share)         $ 4.21 $ 1.74 $ 1.76 $ 1.02 $ 1.51 $ 0.90 $ 0.23 $ 1.79 $ 8.70 $ 4.37 $ 4.04
Diluted earnings per share (in usd per share)         $ 4.10 $ 1.70 $ 1.72 $ 1.00 $ 1.48 $ 0.89 $ 0.23 $ 1.75 8.49 4.29 3.95
Cash dividends declared per share of common stock (in usd per share) $ 0.40 $ 0.35 $ 0.35 $ 0.35                 $ 1.45 $ 1.25 $ 1.05