REVENUE AND RECEIVABLES (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

Sources of Revenue by Segment

The following tables detail the sources of revenue by segment for each of the last three fiscal years.

	2021
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Sale of vacation ownership products	$	1,153	$	—	$	—	$	1,153
Ancillary revenues	188		3		—		191
Management fee revenues	158		32		(19)		171
Exchange and other services revenues	124		198		171		493
Management and exchange	470		233		152		855
Rental	446		40		—		486
Cost reimbursements	1,202		47		(121)		1,128
Revenue from contracts with customers	3,271		320		31		3,622
Financing	268		—		—		268
Total Revenues	$	3,539	$	320	$	31	$	3,890

	2020
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Sale of vacation ownership products	$	546	$	—	$	—	$	546
Ancillary revenues	89		1		—		90
Management fee revenues	149		17		(22)		144
Exchange and other services revenues	118		193		210		521
Management and exchange	356		211		188		755
Rental	239		37		—		276
Cost reimbursements	1,124		59		(141)		1,042
Revenue from contracts with customers	2,265		307		47		2,619
Financing	265		2		—		267
Total Revenues	$	2,530	$	309	$	47	$	2,886

	2019
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Sale of vacation ownership products	$	1,354	$	—	$	—	$	1,354
Ancillary revenues	224		4		—		228
Management fee revenues	144		46		(13)		177
Exchange and other services revenues	120		248		176		544
Management and exchange	488		298		163		949
Rental	512		61		—		573
Cost reimbursements	1,136		91		(119)		1,108
Revenue from contracts with customers	3,490		450		44		3,984
Financing	271		4		—		275
Total Revenues	$	3,761	$	454	$	44	$	4,259

Revenue remaining performance obligation

Timing of Revenue from Contracts with Customers by Segment

The following tables detail the timing of revenue from contracts with customers by segment for each of the last three fiscal years.

	2021
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Services transferred over time	$	1,915	$	154	$	31	$	2,100
Goods or services transferred at a point in time	1,356		166		—		1,522
Revenue from contracts with customers	$	3,271	$	320	$	31	$	3,622

	2020
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Services transferred over time	$	1,616	$	156	$	47	$	1,819
Goods or services transferred at a point in time	649		151		—		800
Revenue from contracts with customers	$	2,265	$	307	$	47	$	2,619

	2019
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Services transferred over time	$	1,896	$	194	$	44	$	2,134
Goods or services transferred at a point in time	1,594		256		—		1,850
Revenue from contracts with customers	$	3,490	$	450	$	44	$	3,984

Contract with customer, asset and liability

The following table shows the composition of our receivables from contracts with customers and contract liabilities. We had no contract assets at either December 31, 2021 or December 31, 2020.

($ in millions)	At December 31, 2021		At December 31, 2020
Receivables
Accounts receivable	$	172	$	150
Vacation ownership notes receivable, net	2,045		1,840
	$	2,217	$	1,990
Contract Liabilities
Advance deposits	$	160	$	147
Deferred revenue	453		488
	$	613	$	635

Accounts and nontrade receivable

The following table shows the composition of our accounts receivable balances:

($ in millions)	At December 31, 2021		At December 31, 2020
Receivables from contracts with customers	$	172	$	150
Interest receivable	14		13
Tax receivable	48		60
Indemnification asset	22		15
Employee tax credit receivable	19		19
Other	4		19
	$	279	$	276