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INTERIM CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES    
Revenue from contracts with customers $ 992 $ 536
Financing 68 35
Cost reimbursements 287 216
TOTAL REVENUES 1,060 571
EXPENSES    
Marketing and sales 188 105
Rental 22 11
General and administrative 78 28
Depreciation and amortization 37 6
Litigation settlement 1 0
Royalty fee 26 15
Impairment 26 0
Impairment 26 0
Cost reimbursements 287 216
TOTAL EXPENSES 969 518
Gains and other income, net 8 1
Interest expense (34) (4)
ILG acquisition-related costs (26) (1)
Other 0 (2)
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS 39 47
Provision for income taxes (15) (11)
NET INCOME 24 36
Net income attributable to noncontrolling interests 0 0
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 24 $ 36
EARNINGS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS    
Basic (in usd per share) $ 0.52 $ 1.35
Diluted (in usd per share) 0.51 1.32
CASH DIVIDENDS DECLARED PER SHARE (in usd per share) $ 0.45 $ 0.40
Sale of vacation ownership products    
REVENUES    
Revenue from contracts with customers $ 301 $ 175
EXPENSES    
Expenses 80 46
Resort management and other services    
REVENUES    
Revenue from contracts with customers 239 70
EXPENSES    
Expenses 116 36
Rental    
REVENUES    
Revenue from contracts with customers 165 75
EXPENSES    
Expenses $ 108 $ 55