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Timeshare Financing Receivables - Schedule of Change in Allowance For Financing Receivables Losses (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Provision for financing receivables losses $ 121 $ 75 $ 74
Initial allowance for PCD financing receivables acquired during the period(2) 512    
Originated      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Allowance for loan loss, beginning balance 211 [1] 184 172
Provision for financing receivables losses 121 [2] 75 [3] 74 [2]
Initial allowance for PCD financing receivables acquired during the period(2) [3] 0    
Securitizations   0 0
Write-offs (79) (48) (62)
Upgrades [4] 27    
Allowance for loan loss, ending balance 280 [1] 211 [1] 184
Acquired      
Financing Receivable, Allowance for Credit Losses [Roll Forward]      
Allowance for loan loss, beginning balance
Provision for financing receivables losses   0 [3] 0 [2]
Initial allowance for PCD financing receivables acquired during the period(2) [3] 512    
Securitizations   0 0
Write-offs (11)
Upgrades [4] 19    
Allowance for loan loss, ending balance $ 482 [1]
[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 incremental provision for financing receivables losses, net of activity related to the repurchase of defaulted and upgraded securitized timeshare financing receivables.
[3] The initial gross allowance determined for receivables with credit deterioration was $512 million as of the Acquisition Date. Of this amount, approximately $249 million relates to net uncollectible balances such as loans that were fully written-off prior to the Acquisition. Therefore, the net impact to the allowance related to acquired loans not previously written off was an increase of $263 million.
[4] Represents the initial change in allowance resulting from upgrades of Acquired loans. Upgraded Acquired loans and their related allowance are included in the Originated portfolio segment.