Accounts Receivable

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Accounts Receivables

Note 6: Accounts Receivable

The following table represents our accounts receivable, net of allowance for credit losses. Accounts receivable within the scope of ASC 326 are measured at amortized cost.

	December 31,		December 31,
($ in millions)	2021		2020
Fee-for-service commissions(1)	$	73	$	22
Real estate and financing		51		11
Resort and club operations		76		23
Tax receivables		95		54
Other receivables(2)		7		9
Total	$	302	$	119

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(1) Net of allowance.

(2) Primarily includes individually insignificant accounts receivable and related allowances recognized in the ordinary course of business.

Our accounts receivable are all due within one year of origination. We use delinquency status and economic factors as credit quality indicators to monitor our receivables within the scope of ASC 326 and use these as a basis for how we develop our expected loss estimates.

We sell VOIs on behalf of third-party developers using the Hilton Grand Vacations brand in exchange for sales, marketing and brand fees. We use historical losses and economic factors as a basis to develop our allowance for credit losses. Under these fee-for-service arrangements, we earn commission fees based on a percentage of total interval sales. Additionally, the terms of these arrangements include provisions requiring the reduction of fees earned for defaults and cancellations.

The changes in our allowance for fee-for-service commissions were as follows during the year ended December 31, 2021:

($ in millions)
Balance as of December 31, 2020	$	18
Current period provision for expected credit losses		5
Write-offs charged against the allowance		(5	)
Balance at December 31, 2021	$	18