XML 73 R58.htm IDEA: XBRL DOCUMENT v3.22.0.1
Diamond Acquisition - Schedule of Preliminary Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
12 Months Ended
Aug. 02, 2021
Dec. 31, 2021
Dec. 31, 2020
Business Acquisition [Line Items]      
Timeshare financing receivables, net   $ 1,747 $ 974
Operating lease right-of-use assets, net   70 52
Advanced deposits   112 117
Goodwill   1,377 $ 0
Diamond Acquisition      
Business Acquisition [Line Items]      
Cash and cash equivalents $ 310    
Restricted cash 127    
Accounts receivable, net of allowance for doubtful accounts 58    
Timeshare financing receivables, net 825    
Inventory 497    
Property and equipment, net 298    
Operating lease right-of-use assets, net 30    
Intangible assets, net 1,431    
Other assets 250    
Total assets acquired 3,826    
Accounts payable, accrued expenses and other 470    
Debt, net 14    
Non-recourse debt, net 660    
Operating lease liabilities 33    
Advanced deposits 4    
Deferred revenues 140    
Deferred income tax liabilities 472    
Total liabilities assumed 1,793    
Net assets acquired 2,033    
Total consideration transferred 3,410 3,410  
Goodwill $ 1,377 [1] $ 1,377  
[1] Goodwill is calculated as total consideration transferred less net assets acquired and it primarily represents the value that we expect to obtain from synergies and growth opportunities from our combined Company post-acquisition. The majority of goodwill is not expected to be deductible for tax purposes.