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INTERIM CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES    
Revenue from contracts with customers $ 1,112 $ 1,091
Financing 83 78
TOTAL REVENUES 1,195 1,169
EXPENSES    
Marketing and sales 223 210
Financing 34 26
General and administrative 63 68
Depreciation and amortization 38 32
Litigation charges 3 3
Restructuring 2 0
Royalty fee 28 29
Impairment 0 4
Cost reimbursements 391 365
TOTAL EXPENSES 1,058 1,015
Gains and other income, net 0 21
Interest expense, net (40) (34)
Transaction and integration costs (15) (13)
Other (1) 0
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS 81 128
Provision for income taxes (35) (41)
NET INCOME 46 87
Net loss attributable to noncontrolling interests 1 0
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 47 $ 87
EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS    
Basic (in usd per share) $ 1.32 $ 2.32
Diluted (in usd per share) 1.22 2.06
CASH DIVIDENDS DECLARED PER SHARE (in usd per share) $ 0.76 $ 0.72
Sale of vacation ownership products    
REVENUES    
Revenue from contracts with customers $ 352 $ 375
EXPENSES    
Expenses 53 58
Management and exchange    
REVENUES    
Revenue from contracts with customers 211 200
EXPENSES    
Expenses 116 107
Rental    
REVENUES    
Revenue from contracts with customers 158 151
EXPENSES    
Expenses 107 113
Cost Reimbursement    
REVENUES    
Revenue from contracts with customers $ 391 $ 365