INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
OPERATING ACTIVITIES
Net income (loss)	$ 303	$ (6)
Adjustments to reconcile net income (loss) to net cash, cash equivalents and restricted cash provided by operating activities:
Depreciation and amortization of intangibles	98	112
Amortization of debt discount and issuance costs	20	41
Vacation ownership notes receivable reserve	130	73
Share-based compensation	30	33
Impairment charges	1	5
Gains and other income, net	(48)	0
Deferred income taxes	64	10
Net change in assets and liabilities:
Accounts and contracts receivable	6	54
Vacation ownership notes receivable originations	(728)	(545)
Vacation ownership notes receivable collections	469	532
Inventory	74	59
Other assets	(21)	(29)
Accounts payable, advance deposits and accrued liabilities	(28)	(44)
Deferred revenue	(5)	119
Payroll and benefit liabilities	52	35
Deferred compensation liability	8	14
Other liabilities	7	23
Deconsolidation of certain Consolidated Property Owners' Associations	(48)	(87)
Purchase of vacation ownership units for future transfer to inventory	(12)	(99)
Other, net	8	3
Net cash, cash equivalents and restricted cash provided by operating activities	380	303
INVESTING ACTIVITIES
Acquisition of a business, net of cash and restricted cash acquired	0	(157)
Proceeds from disposition of subsidiaries, net of cash and restricted cash transferred	94	0
Capital expenditures for property and equipment (excluding inventory)	(36)	(19)
Issuance of note receivable to VIE	(47)	0
Proceeds from collection of note receivable from VIE	47	0
Purchase of company owned life insurance	(14)	(11)
Other, net	5	0
Net cash, cash equivalents and restricted cash provided by (used in) investing activities	49	(187)
FINANCING ACTIVITIES
Borrowings from securitization transactions	609	425
Repayment of debt related to securitization transactions	(655)	(602)
Proceeds from debt	505	1,061
Repayments of debt	(505)	(1,039)
Purchase of convertible note hedges	0	(100)
Proceeds from issuance of warrants	0	70
Finance lease payment	(3)	(2)
Payment of debt issuance costs	(10)	(17)
Repurchase of common stock	(528)	(4)
Payment of dividends	(75)	0
Payment of withholding taxes on vesting of restricted stock units	(23)	(17)
Net cash, cash equivalents and restricted cash used in financing activities	(685)	(225)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash	(4)	(1)
Change in cash, cash equivalents and restricted cash	(260)	(110)
Cash, cash equivalents and restricted cash, beginning of period	803	992
Cash, cash equivalents and restricted cash, end of period	543	882
SUPPLEMENTAL DISCLOSURES
Non-cash issuance of debt in connection with asset acquisition	11	0
Non-cash issuance of treasury stock for employee stock purchase plan	4	3
Non-cash issuance of treasury stock in connection with Welk Acquisition	0	248
Non-cash transfer from inventory to property and equipment	45	105
Non-cash transfer from property and equipment to inventory	2	3
Non-cash transfer of other assets to property and equipment	15	22
Dividends payable	24	23
Interest paid, net of amounts capitalized	104	136
Income taxes paid, net of refunds (income tax refunds, net of income taxes paid)	$ 51	$ (19)