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ACQUISITIONS AND DISPOSITIONS (Tables)
 9 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Consideration transferred The following table presents the fair value of each type of consideration transferred at the Welk Acquisition Date, as finalized at March 31, 2022.
(in millions, except per share amounts)
Equivalent shares of Marriott Vacations Worldwide common stock issued1.4 
Marriott Vacations Worldwide common stock price per share as of Welk Acquisition Date$174.18 
Fair value of Marriott Vacations Worldwide common stock issued248 
Cash consideration to Welk, net of cash and restricted cash acquired of $48 million
157 
Total consideration transferred, net of cash and restricted cash acquired$405 
Schedule of recognized identified assets acquired and liabilities assumed The following table presents the fair values of the assets that we acquired and the liabilities that we assumed in connection with the business combination as previously reported at December 31, 2021, and as finalized at March 31, 2022. During the first quarter of 2022, we refined our valuation models related to certain acquired assets and liabilities as follows:
($ in millions)April 1, 2021
(as reported at
December 31, 2021)		AdjustmentsApril 1, 2021
(as finalized at
March 31, 2022)
Vacation ownership notes receivable, net$255 $— $255 
Inventory111 — 111 
Property and equipment83 — 83 
Intangible assets102 — 102 
Other assets19 — 19 
Deferred taxes(32)8 (24)
Debt(189)— (189)
Securitized debt(184)— (184)
Other liabilities(93)— (93)
Net assets acquired72 8 80 
Goodwill(1)
333 (8)325 
$405 $— $405 
_________________________
(1)Goodwill is calculated as total consideration transferred, net of cash acquired, less identified net assets acquired. It represents the value that we expect to obtain from growth opportunities from our combined operations and is not deductible for tax purposes.
Business acquisition, pro forma information Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the Welk Acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations.
There were no Welk Acquisition-related costs included in the unaudited pro forma results below for the nine months ended September 30, 2021.
Nine Months Ended
($ in millions, except per share data)September 30, 2021
Revenues$2,837 
Net income$7 
Net loss attributable to common shareholders$(1)
LOSS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS
Basic$(0.01)
Diluted$(0.01)
Legacy-Welk Results of Operations
The following table presents the results of Legacy-Welk operations included in our Income Statement for the three months and nine months ended September 30, 2022 and September 30, 2021.
Three Months EndedNine Months Ended
($ in millions)September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Revenue$67 $53 $174 $101 
Net income$15 $10 $27 $16