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Restricted Cash - Schedule of Restricted Cash (Details) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Restricted Cash and Cash Equivalents Items [Line Items]    
Restricted cash $ 1,462 $ 98
Escrow deposits on VOI sales    
Restricted Cash and Cash Equivalents Items [Line Items]    
Restricted cash 85 69
Reserves related to non-recourse debt    
Restricted Cash and Cash Equivalents Items [Line Items]    
Restricted cash [1] 27 $ 29
Escrow deposits for recourse debt    
Restricted Cash and Cash Equivalents Items [Line Items]    
Restricted cash [2] $ 1,350  
[1] See Note 11: Debt & Non-recourse Debt for further discussion.
[2] In June 2021, we entered into indentures in connection with the issuance of senior notes relating to the recently announced Agreement and Plan of Merger, as amended ("Merger Agreement") with Dakota Holdings, Inc. ("Diamond"). The gross proceeds of the offerings were deposited and will be held in an escrow account until the date that certain escrow conditions are satisfied, which are substantially upon closing of the Merger. See Note 11: Debt & Non-recourse Debt and Note 20: Planned Acquisition for further discussion.