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Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2020

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 22: Business Segments below for more details related to our segments.

	Year Ended December 31,
($ in millions)	2020		2019		2018
Real Estate and Financing Segment
Sales of VOIs, net	$	108	$	509	$	734
Sales, marketing, brand and other fees		221		573		570
Interest income		141		147		140
Other financing revenue		24		23		18
Real estate and financing segment revenues	$	494	$	1,252	$	1,462

	Year Ended December 31,
($ in millions)	2020		2019		2018
Resort Operations and Club Management Segment
Club management	$	96	$	125	$	112
Resort management		70		66		60
Rental⁽¹⁾		91		201		191
Ancillary services		7		26		27
Resort operations and club management segment revenues	$	264	$	418	$	390

⁽¹⁾	Excludes intersegment eliminations. See Note 22: Business Segments for additional information.

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 with customers which are included in Accounts Receivable, net on our consolidated balance sheets:

	December 31,
($ in millions)	2020		2019
Receivables	$	64	$	129

The following table presents changes in our contract liabilities for the year ended December 31, 2020.

	December 31
($ in millions)	2020		2019
Contract liabilities:
Advanced deposits	$	117	$	115
Deferred Sales of VOIs of projects under construction		169		84
Club activation fees, annual dues and other		77		86
Club Bonus Point incentive liability⁽¹⁾		48		59

⁽¹⁾

Amounts related to the Club Bonus Point incentive liability are included in Accounts payable, accrued expenses and other on our 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 Deferred Revenue Cost of Sales and Direct Selling Costs from Sales of Project Under Construction

The following table represents the deferred revenue, cost of VOI sales and direct selling costs from sales of VOIs related to projects under construction as of December 31, 2020.

	December 31,		December 31,
($ in millions)	2020		2019
Sales of VOIs, net	$	169	$	84
Cost of VOI sales⁽¹⁾		50		27
Sales and marketing expense		25		12

⁽¹⁾	Includes anticipated Cost of VOI sales related to inventory associated with Sales of VOIs under construction that will be acquired under a just-in-time arrangement once construction is complete.

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 December 31, 2020:

($ in millions)	Remaining Transaction Price		Recognition Period	Recognition Method
Advanced deposits	$	117	18 months	Upon customer stays
Club activation fees		65	7 years	Straight-line basis over average inventory holding period
Club Bonus Points		48	24 months	Upon redemption