BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Revenues

Revenues

	Three Months Ended				Nine Months Ended
($ in millions)	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Vacation Ownership	$	967	$	709	$	2,849	$	1,875
Exchange & Third-Party Management	112		40		351		40
Total segment revenues	1,079		749		3,200		1,915
Corporate and other	3		1		10		1
	$	1,082	$	750	$	3,210	$	1,916

Adjusted EBITDA Reconciling Items from Segments

Adjusted EBITDA and Reconciliation to Net Income (Loss) Attributable to Common Shareholders

	Three Months Ended						Nine Months Ended
($ in millions)	September 30, 2019			September 30, 2018			September 30, 2019			September 30, 2018
Adjusted EBITDA Vacation Ownership	$	195		$	123		$	574		$	315
Adjusted EBITDA Exchange & Third-Party Management	56			19			180			19
Reconciling items:
Corporate and other	(61		)	(42		)	(203		)	(95		)
Interest expense	(31		)	(14		)	(100		)	(23		)
Tax (provision) benefit	(10		)	2			(50		)	(15		)
Depreciation and amortization	(33		)	(18		)	(106		)	(29		)
Share-based compensation expense	(9		)	(13		)	(29		)	(23		)
Certain items	(116		)	(93		)	(202		)	(138		)
Net (loss) income attributable to common shareholders	$	(9	)	$	(36	)	$	64		$	11

Reconciliation of Assets from Segments

Assets

($ in millions)	At September 30, 2019		At December 31, 2018
Vacation Ownership	$	6,801	$	7,275
Exchange & Third-Party Management	1,161		1,182
Total segment assets	7,962		8,457
Corporate and other	1,097		561
	$	9,059	$	9,018