BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Revenues

Revenues

	Three Months Ended				Six Months Ended
($ in millions)	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Vacation Ownership	$	405	$	924	$	1,313	$	1,829
Exchange & Third-Party Management	58		116		165		240
Total segment revenues	463		1,040		1,478		2,069
Corporate and other	17		3		12		8
	$	480	$	1,043	$	1,490	$	2,077

Adjusted EBITDA reconciling items from segments

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

	Three Months Ended				Six Months Ended
($ in millions)	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Adjusted EBITDA Vacation Ownership	$	(19)	$	203	$	128	$	375
Adjusted EBITDA Exchange & Third-Party Management	19		46		60		100
Reconciling items:
Corporate and other	(10)		(54)		(60)		(114)
Interest expense	(42)		(35)		(75)		(69)
Tax benefit (provision)	19		(25)		77		(40)
Depreciation and amortization	(31)		(36)		(63)		(73)
Share-based compensation expense	(9)		(11)		(13)		(20)
Certain items	3		(39)		(230)		(86)
Net (loss) income attributable to common shareholders	$	(70)	$	49	$	(176)	$	73

Reconciliation of assets from segments

($ in millions)	At June 30, 2020		At December 31, 2019
Vacation Ownership	$	7,149	$	7,345
Exchange & Third-Party Management	1,022		1,162
Total segment assets	8,171		8,507
Corporate and other	946		707
	$	9,117	$	9,214