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INTERIM CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Revenue from contracts with customers $ 981 $ 700
Financing 71 59
Cost reimbursements 316 255
TOTAL REVENUES 1,052 759
EXPENSES    
Marketing and sales 182 109
Financing 21 21
General and administrative 61 46
Depreciation and amortization 33 41
Litigation charges 3 3
Royalty fee 27 25
Cost reimbursements 316 255
TOTAL EXPENSES 911 739
Gains and other income, net 4 6
Interest expense (27) (43)
Transaction and integration costs (28) (19)
INCOME (LOSS) BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS 90 (36)
(Provision for) benefit from income taxes (32) 11
NET INCOME (LOSS) 58 (25)
Net income attributable to noncontrolling interests 0 (3)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 58 $ (28)
EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS    
Basic (in usd per share) $ 1.36 $ (0.68)
Diluted (in usd per share) 1.23 (0.68)
CASH DIVIDENDS DECLARED PER SHARE (in usd per share) $ 0.62 $ 0
Sale of vacation ownership products    
REVENUES    
Revenue from contracts with customers $ 310 $ 163
EXPENSES    
Expenses 60 40
Management and exchange    
REVENUES    
Revenue from contracts with customers 222 193
EXPENSES    
Expenses 127 117
Rental    
REVENUES    
Revenue from contracts with customers 133 89
EXPENSES    
Expenses $ 81 $ 82