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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue from contracts with customers $ 3,622 $ 2,619 $ 3,984
REVENUES      
Financing 268 267 275
Cost reimbursements 1,128 1,042 1,108
TOTAL REVENUES 3,890 2,886 4,259
EXPENSES      
Marketing and sales 617 386 748
Financing 88 107 91
General and administrative 227 154 248
Depreciation and amortization 146 123 141
Litigation charges 10 6 7
Restructuring 0 25 0
Royalty fee 106 95 106
Impairment 3 100 99
Cost reimbursements 1,128 1,042 1,108
TOTAL EXPENSES 3,440 2,984 3,801
(Losses) gains and other (expense) income, net (51) (26) 16
Interest expense (164) (150) (132)
Transaction and integration costs (110) (66) (118)
Other 2 0 1
INCOME (LOSS) BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS 127 (340) 225
(Provision for) benefit from income taxes (74) 84 (83)
NET INCOME (LOSS) 53 (256) 142
Net income attributable to noncontrolling interests (4) (19) (4)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 49 $ (275) $ 138
EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS      
Basic (in usd per share) $ 1.15 $ (6.65) $ 3.13
Diluted (in usd per share) 1.13 (6.65) 3.09
CASH DIVIDENDS DECLARED PER SHARE (in usd per share) $ 1.08 $ 0.54 $ 1.89
Sale of vacation ownership products      
Revenue from contracts with customers $ 1,153 $ 546 $ 1,354
Expenses 250 150 349
Management and exchange      
Revenue from contracts with customers 855 755 949
Expenses 521 475 547
Rental      
Revenue from contracts with customers 486 276 573
Expenses $ 344 $ 321 $ 357