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Business Segments - Schedule of Adjusted EBITDA Reconciled to Net Income (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2019
[2]
Sep. 30, 2019
[2]
Jun. 30, 2019
[2]
Mar. 31, 2019
[2]
Dec. 31, 2018
[2]
Sep. 30, 2018
[2]
Jun. 30, 2018
[2]
Mar. 31, 2018
[2]
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
General and administrative                 $ (111,000,000) $ (117,000,000) $ (104,000,000)
Depreciation and amortization                 (51,000,000) (36,000,000) (29,000,000)
Other loss, net                 (3,000,000) (1,000,000)  
Interest expense                 (43,000,000) (30,000,000) (27,000,000)
Income tax (expense) benefit [1]                 (57,000,000) (105,000,000) 16,000,000
Equity in earnings from unconsolidated affiliates                 4,000,000   1,000,000
Net income $ 72,000,000 $ 50,000,000 $ 39,000,000 $ 55,000,000 $ 120,000,000 $ 41,000,000 $ 107,000,000 $ 30,000,000 215,695,961 [2],[3] 298,124,983 [2],[3] 326,777,744 [3]
Operating segments                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Segment Adjusted EBITDA                 590,000,000 692,000,000 563,000,000
Operating segments | Real Estate and Financing Segment                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Segment Adjusted EBITDA [4]                 325,000,000 447,000,000 359,000,000
Operating segments | Resort Operations and Club Management Segment                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Segment Adjusted EBITDA [4]                 265,000,000 245,000,000 204,000,000
Segment Reconciling Items                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
General and administrative                 (111,000,000) (117,000,000) (104,000,000)
Depreciation and amortization                 (51,000,000) (36,000,000) (29,000,000)
License fee expense                 (101,000,000) (98,000,000) (87,000,000)
Other loss, net                 (3,000,000) (1,000,000)  
Interest expense                 (43,000,000) (30,000,000) (27,000,000)
Equity in earnings from unconsolidated affiliates [5]                 4,000,000   1,000,000
Other adjustment items                 $ (12,000,000) $ (7,000,000) $ (6,000,000)
[1] On December 22, 2017, the United States enacted tax reform legislation, the TCJ Act, resulting in significant modifications to existing law which resulted in a reduction in income tax expense for the year ended December 31, 2017. See Note 17: Income Taxes for additional information.
[2] The sum of the earnings per share for the four quarters may differ from annual earnings per share due to the required method of computing the weighted average shares in interim periods.
[3] Net income for years ended December 31, 2019, 2018, and 2017 was $215,695,961; $298,124,983 and $326,777,744, respectively.
[4] Includes intersegment eliminations. Refer to our table presenting revenues by reportable segment above for additional discussion.
[5] This amount primarily represents our 25 percent interest in BRE Ace LLC and our 50 percent interest in 1776 Holdings, LLC. See Note 9: Investment in Unconsolidated Affiliates for additional information.