INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OPERATING ACTIVITIES
Net income	$ 46	$ 87
Adjustments to reconcile net income to net cash, cash equivalents and restricted cash provided by operating activities:
Depreciation and amortization of intangibles	38	32
Amortization of debt discount and issuance costs	5	7
Vacation ownership notes receivable reserve	46	38
Share-based compensation	7	7
Impairment charges	0	3
Deferred income taxes	35	6
Net change in assets and liabilities:
Accounts and contracts receivable	(41)	(6)
Vacation ownership notes receivable originations	(200)	(225)
Vacation ownership notes receivable collections	160	161
Inventory	17	24
Other assets	(133)	(146)
Accounts payable, advance deposits and accrued liabilities	(60)	(101)
Deferred revenue	100	101
Payroll and benefit liabilities	4	(45)
Deferred compensation liability	(3)	4
Other liabilities	(19)	16
Purchase of property for future transfer to inventory	0	(8)
Other, net	1	(5)
Net cash, cash equivalents and restricted cash provided by (used in) operating activities	3	(50)
INVESTING ACTIVITIES
Capital expenditures for property and equipment (excluding inventory)	(16)	(37)
Purchase of company owned life insurance	(4)	0
Purchase and development of property for future sale	(49)	0
Net cash, cash equivalents and restricted cash used in investing activities	(69)	(37)
FINANCING ACTIVITIES
Borrowings from securitization transactions	524	171
Repayment of debt related to securitization transactions	(441)	(174)
Proceeds from debt	340	405
Repayments of debt	(289)	(461)
Finance lease incentive	0	10
Finance lease payment	(2)	(2)
Payment of debt issuance costs	(6)	0
Repurchase of common stock	(24)	(80)
Payment of dividends	(54)	(54)
Payment of withholding taxes on vesting of restricted stock units	(5)	(9)
Net cash, cash equivalents and restricted cash provided by (used in) financing activities	43	(194)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash	(1)	1
Change in cash, cash equivalents and restricted cash	(24)	(280)
Cash, cash equivalents and restricted cash, beginning of period	574	854
Cash, cash equivalents and restricted cash, end of period	550	574
SUPPLEMENTAL DISCLOSURES
Non-cash issuance of treasury stock for employee stock purchase plan	1	1
Non-cash transfer from inventory to property and equipment	6	3
Non-cash transfer from property and equipment to inventory	23	43
Non-cash transfer from property and equipment to other assets	0	2
Right-of-use asset obtained in exchange for finance lease obligation	11	80
Non-cash issuance of debt in connection with finance lease	11	97
Interest paid, net of amounts capitalized	52	44
Income taxes paid, net of refunds	$ 50	$ 56