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INTERIM CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
1 Months Ended 3 Months Ended 9 Months Ended
Sep. 06, 2018
May 14, 2018
Feb. 16, 2018
Sep. 30, 2018
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES                
Revenue from contracts with customers         $ 702 $ 496 $ 1,797 $ 1,522
Financing         48 34 119 99
Cost reimbursements         234 177 652 561
TOTAL REVENUES       $ 470 750 530 1,916 1,621
EXPENSES                
Marketing and sales         135 94 346 287
Rental         19 11 40 30
General and administrative         53 26 114 81
Depreciation and amortization         18 6 29 16
Litigation settlement         17 2 33 2
Royalty fee         19 15 50 47
Cost reimbursements         234 177 652 561
TOTAL EXPENSES       490 698 472 1,762 1,444
Gains (losses) and other income (expense), net         2 7 (4) 7
Interest expense       (5) (14) (2) (23) (5)
ILG acquisition-related costs       (72) (108) 0 (128) (1)
Other         0 0 (3) 0
(LOSS) INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS         (68) 63 (4) 178
Benefit (provision) for income taxes       29 10 (23) (7) (62)
NET (LOSS) INCOME       (68) (58) 40 (11) 116
Net income attributable to noncontrolling interests       0 0 0 0 0
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS       $ (68) $ (58) $ 40 $ (11) $ 116
(LOSSES) EARNINGS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS                
Basic (in usd per share)         $ (1.75) $ 1.49 $ (0.37) $ 4.27
Diluted (in usd per share)         (1.75) 1.45 (0.37) 4.18
CASH DIVIDENDS DECLARED PER SHARE (in usd per share) $ 0.40 $ 0.40 $ 0.40   $ 0.40 $ 0.35 $ 1.20 $ 1.05
Sale of vacation ownership products                
REVENUES                
Revenue from contracts with customers         $ 252 $ 183 $ 632 $ 549
EXPENSES                
Expenses         64 46 167 141
Resort management and other services                
REVENUES                
Revenue from contracts with customers         126 70 274 209
EXPENSES                
Expenses         65 38 140 111
Rental                
REVENUES                
Revenue from contracts with customers         90 66 239 203
EXPENSES                
Expenses         $ 74 $ 57 $ 191 $ 168