Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2019

Revenue From Contract With Customer [Abstract]

Schedule of Disaggregated Revenues by Segment from Contracts with Customers

The following tables show our disaggregated revenues by segment from contracts with customers. We operate our business in the following two segments: (i) Real estate sales and financing and (ii) Resort operations and club management. Please refer to Note 18: Business Segments below for more details related to our segments.

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in millions)	2019		2018		2019		2018
Real Estate and Financing Segment
Sales of VOIs, net	$	138	$	99	$	383	$	427
Sales, marketing, brand and other fees		143		152		429		423
Interest income		37		35		109		103
Other financing revenue		6		5		18		14
Real estate and financing segment revenues	$	324	$	291	$	939	$	967

	Three Months Ended September 30,				Nine Months Ended September 30,
($ in millions)	2019		2018		2019		2018
Resort Operations and Club Management Segment
Club management	$	28	$	25	$	80	$	71
Resort management		17		15		50		45
Rental		48		53		153		144
Ancillary services		6		7		20		20
Resort operations and club management segment    revenues	$	99	$	100	$	303	$	280

Schedule of Accounts Receivable and Contract Asset from Contracts with Customers and Composition of Contract Liabilities

The following table provides information on our accounts receivable and contract assets from contracts with customers which are included in Accounts receivable, net on our condensed consolidated balance sheets:

($ in millions)	September 30, 2019		December 31, 2018
Receivables	$	112	$	122
Contract assets		4		—

The following table presents the composition of our contract liabilities for the nine months ended September 30, 2019.

($ in millions)	September 30, 2019		December 31, 2018
Contract liabilities:
Advanced deposits	$	112	$	101
Deferred Sales of VOIs of projects under construction		49		—
Club activation fees, annual dues and other		99		72
Club Bonus Point incentive liability(1)		65		56

⁽¹⁾ Amounts related to the Club Bonus Point incentive liability are included in Accounts payable, accrued expenses and other on our condensed consolidated balance sheets. This liability is comprised of revenue for incentives from VOI sales and sales and marketing expenses in conjunction with our fee-for-service arrangements.

Schedule of Remaining Transaction Price Related to Advanced Deposits Club Activation Fees and Club Bonus Points

The following table includes the remaining transaction price related to Advanced deposits, Club activation fees and Club Bonus Points as of September 30, 2019:

($ in millions)	Remaining Transaction Price		Recognition Period	Recognition Method
Advanced deposits	$	112	18 months	Upon customer stays
Club activation fees		68	7 years	Straight-line basis over average inventory holding    period
Club Bonus Points		65	24 months	Upon redemption