Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregated Revenues by Segment from Contracts with Customers

The following tables show our disaggregated revenues by product and 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.

($ in millions)	Year Ended December 31,
Real Estate Sales and Financing Segment	2022		2021		2020
Sales of VOIs, net	$	1,491	$	883	$	108
Sales, marketing, brand and other fees	620		385		221
Interest income	235		157		141
Other financing revenue	32		26		24
Real estate sales and financing segment revenues	$	2,378	$	1,451	$	494

($ in millions)	Year Ended December 31,
Resort Operations and Club Management Segment	2022		2021		2020
Club management	$	227	$	168	$	96
Resort management	307		172		70
Rental(1)	586		315		91
Ancillary services	40		27		7
Resort operations and club management segment revenues	$	1,160	$	682	$	264

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

Schedule of Accounts Receivable 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:

	Year Ended December 31,
($ in millions)	2022		2021
Receivables	$	322	$	202

The following table presents the composition of our contract liabilities:

	Year Ended December 31,
($ in millions)	2022		2021
Contract liabilities:
Advanced deposits	$	150	$	112
Deferred sales of VOIs of projects under construction	3		34
Club dues and Club activation fees	76		91
Bonus Point incentive liability and marketing package(1)	106		95
Deferred maintenance fees	14		14
Other deferred revenue	42		47

(1)As of December 31, 2022, the balance includes $51 million of bonus point incentive liabilities and $55 million for related bonus points and marketing package deferred revenue. The Bonus Point incentive liabilities are included in Accounts payable, accrued expenses and other on our consolidated balance sheets. This liability is comprised of unrecognized 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 presents the deferred revenue, cost of VOI sales and direct selling costs from sales of VOIs related to projects under construction:

	Year Ended December 31,
($ in millions)	2022		2021
Sales of VOIs, net	$	3	$	34
Cost of VOI sales	1		12
Sales and marketing expense	1		5

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 Bonus Points as of December 31, 2022:

($ in millions)	Remaining Transaction Price		Recognition Period	Recognition Method
Advanced deposits	$	150	18 months	Upon customer stays
Club activation fees	64		7 years	Straight-line basis over average inventory holding period
Bonus Points	106		18 - 30 months	Upon redemption