REVENUE AND RECEIVABLES (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

	Three Months Ended March 31, 2024
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Sale of vacation ownership products	$	352	$	—	$	—	$	352
Ancillary revenues	65		1		—		66
Management fee revenues	52		5		(1)		56
Exchange and other services revenues	31		46		12		89
Management and exchange	148		52		11		211
Rental	147		11		—		158
Cost reimbursements	400		2		(11)		391
Revenue from contracts with customers	1,047		65		—		1,112
Financing	83		—		—		83
Total Revenues	$	1,130	$	65	$	—	$	1,195

	Three Months Ended March 31, 2023
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Sale of vacation ownership products	$	375	$	—	$	—	$	375
Ancillary revenues	61		1		—		62
Management fee revenues	45		8		(1)		52
Exchange and other services revenues	29		47		10		86
Management and exchange	135		56		9		200
Rental	141		10		—		151
Cost reimbursements	368		5		(8)		365
Revenue from contracts with customers	1,019		71		1		1,091
Financing	78		—		—		78
Total Revenues	$	1,097	$	71	$	1	$	1,169

Revenue remaining performance obligation

The following tables detail the timing of revenue from contracts with customers by segment for the time periods presented.

	Three Months Ended March 31, 2024
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Services transferred over time	$	625	$	24	$	—	$	649
Goods or services transferred at a point in time	422		41		—		463
Revenue from contracts with customers	$	1,047	$	65	$	—	$	1,112

	Three Months Ended March 31, 2023
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Services transferred over time	$	578	$	29	$	1	$	608
Goods or services transferred at a point in time	441		42		—		483
Revenue from contracts with customers	$	1,019	$	71	$	1	$	1,091

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 March 31, 2024 or December 31, 2023.

($ in millions)	At March 31, 2024		At December 31, 2023
Receivables from Contracts with Customers
Accounts and contracts receivable, net	$	272	$	259
Vacation ownership notes receivable, net	2,336		2,343
	$	2,608	$	2,602
Contract Liabilities
Advance deposits	$	176	$	164
Deferred revenue	482		382
	$	658	$	546

Accounts and nontrade receivable

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

($ in millions)	At March 31, 2024		At December 31, 2023
Receivables from contracts with customers, net	$	272	$	259
Interest receivable	18		18
Tax receivable	63		44
Indemnification assets	42		40
Employee tax credit receivable	10		11
Other	17		13
	$	422	$	385