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Timeshare Financing Receivables - Schedule of Timeshare Financing Receivables (Details) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Dec. 31, 2019
Accounts Notes And Loans Receivable [Line Items]        
Timeshare financing receivables $ 1,151      
Timeshare financing receivables, net 1,767 $ 974    
Originated        
Accounts Notes And Loans Receivable [Line Items]        
Securitized 629 [1] 805    
Unsecuritized 641 380 [1]    
Timeshare financing receivables 1,270 1,185    
Unamortized non-credit acquisition preminum 69    
Less: allowance for financing receivables losses (238) (211) $ (217) $ (184)
Timeshare financing receivables, net 1,032 974    
Acquired        
Accounts Notes And Loans Receivable [Line Items]        
Securitized 605 [2]    
Unsecuritized 530 [1],[2]    
Timeshare financing receivables 1,135 [2]    
Unamortized non-credit acquisition preminum 62 [2],[3]    
Less: allowance for financing receivables losses (462) [2] $ 0 $ 0
Timeshare financing receivables, net $ 735 [2]    
[1] Includes amounts used as collateral to secure a non-recourse revolving timeshare receivable credit facility ("Timeshare Facility") as well as amounts held as future collateral for securitization activities.
[2] Acquired timeshare financing receivables include all timeshare financing receivables of Legacy-Diamond as of the Acquisition Date. Originated timeshare financing receivables include all Legacy-HGV timeshare financing receivables and Legacy-Diamond timeshare financing receivables originated after the Acquisition Date.
[3] Non-credit premium of $69 million was recognized at the Acquisition Date, of which $62 million remains unamortized as of September 30, 2021.