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Timeshare Financing Receivables - Schedule of Timeshare Financing Receivables (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Accounts Notes And Loans Receivable [Line Items]        
Timeshare financing receivables, net $ 1,747 $ 974    
Originated        
Accounts Notes And Loans Receivable [Line Items]        
Securitized [1] 587 805    
Unsecuritized [1],[2] 810 380    
Timeshare financing receivables [1] 1,397 1,185    
Unamortized non-credit acquisition preminum 97 0 [1],[3]    
Less: allowance for financing receivables losses (280) [1] (211) [1] $ (184) $ (172)
Timeshare financing receivables, net [1] 1,117 974    
Acquired        
Accounts Notes And Loans Receivable [Line Items]        
Securitized [1] 523 0    
Unsecuritized [1],[2] 515 0    
Timeshare financing receivables [1] 1,038 0    
Unamortized non-credit acquisition preminum [1],[3] 74 0    
Less: allowance for financing receivables losses (482) [1]
Timeshare financing receivables, net [1] $ 630 $ 0    
[1] A non-credit premium of $97 million was recognized at the Acquisition Date. $74 million of this premium remains unamortized as of December 31, 2021.
[2] 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 upcoming securitization activities.
[3] 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.