Condensed Consolidated Statements of Operations (UNAUDITED) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Revenues
Sales of VOIs, net		$ 118	$ 115
Sales, marketing, brand and other fees		130	118
Financing		35	32
Resort and club management		36	31
Rental and ancillary services		46	45
Cost reimbursements		34	29
Total revenues		399	370
Expenses
Cost of VOI sales		33	38
Sales and marketing		152	135
Financing		10	8
Resort and club management		10	8
Rental and ancillary services		27	26
General and administrative		23	16
Depreciation and amortization		7	5
License fee expense		20	19
Cost reimbursements		34	29
Total operating expenses		316	284
Allocated Parent interest expense		0	(6)
Interest expense		(7)	0
Income before income taxes		76	80
Income tax expense		(26)	(32)
Net income		$ 50	$ 48
Earnings per share:
Basic and diluted (in dollars per share)	[1]	$ 0.51	$ 0.48

[1] For the three months ended March 31, 2016, basic and diluted earnings per share was calculated based on shares distributed to Hilton Grand Vacations' stockholders on January 3, 2017. See Note 11: Earnings Per Share for additional information.