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Business Segments - Schedule of Adjusted EBITDA Reconciled to Net (Loss) Income (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                
General and administrative $ (41,000,000)     $ (22,000,000)     $ (92,000,000) $ (65,000,000)
Depreciation and amortization (48,000,000)     (11,000,000)     (71,000,000) (34,000,000)
Other (loss) gain, net (20,000,000)     1,000,000     (22,000,000) 0
Interest expense (42,000,000)     (10,000,000)     (74,000,000) (32,000,000)
Income tax (expense) benefit (49,000,000)     5,000,000     (46,000,000) 12,000,000
Equity in earnings (losses) from unconsolidated affiliates 1,000,000     (1,000,000)     7,000,000 3,000,000
Impairment expense (1,000,000)     0     (2,000,000) 0
Net income (Loss) 98,704,709 [1] $ 9,000,000 $ (7,000,000) (6,846,654) [1] $ (48,000,000) $ 8,000,000 100,634,069 [1] (46,771,239) [1]
Operating segments | Real Estate and Financing Segment                
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                
Segment Adjusted EBITDA [2] 280,000,000     15,000,000     352,000,000 16,000,000
Operating segments | Resort Operations and Club Management Segment                
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                
Segment Adjusted EBITDA [2] 109,000,000     30,000,000     212,000,000 100,000,000
Segment Reconciling Items                
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                
Segment Adjusted EBITDA 389,000,000     45,000,000     564,000,000 116,000,000
Acquisition and integration-related expense 54,000,000     0     83,000,000 0
General and administrative (41,000,000)     (22,000,000)     (92,000,000) (65,000,000)
Depreciation and amortization (48,000,000)     (11,000,000)     (71,000,000) (34,000,000)
License fee expense (24,000,000)     (11,000,000)     (57,000,000) (39,000,000)
Other (loss) gain, net (20,000,000)     1,000,000     (22,000,000) 0
Interest expense (42,000,000)     (10,000,000)     (74,000,000) (32,000,000)
Income tax (expense) benefit (49,000,000)     5,000,000     (46,000,000) 12,000,000
Equity in earnings (losses) from unconsolidated affiliates 1,000,000     (1,000,000)     7,000,000 3,000,000
Impairment expense 1,000,000     0     2,000,000 0
Other adjustment items [3] $ 12,000,000     $ 3,000,000     $ 23,000,000 $ 8,000,000
[1] Net income (loss) for the three months ended September 30, 2021 and 2020 was $98,704,709 and $(6,846,654), respectively, and $100,634,069 and

$(46,771,239) for the nine months ended September 30, 2021 and 2020, respectively.

[2]

(1) Includes intersegment transactions. Refer to our table presenting revenues by reportable segment above for additional discussion.

[3]

(2) For the three and nine months ended September 30, 2021 and 2020, this amount includes costs associated with restructuring, one-time charges and other

non-cash items included within our reportable segments. For the three months ended September 30, 2021, this also includes amortization of

premiums resulting from purchase accounting.