ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

Accounts receivable within the scope of ASC 326 are measured at amortized cost. The following table represents our accounts receivable, net of allowance for credit losses:

	December 31,
($ in millions)	2023		2022
Fee-for-service commissions	$	57	$	91
Real estate and financing	87		71
Resort and club operations	199		167
Tax receivables	97		84
Insurance claims receivable	54		81
Other receivables	13		17
Total	$	507	$	511

Our accounts receivable are generally due within one year of origination. We use delinquency status and economic factors such as credit quality indicators to monitor our receivables within the scope of ASC 326 and use these as a basis for how we develop our expected loss estimates.

We have various allowances for our accounts receivable related to fee-for-service commissions, trade accounts receivable, marketing packages, club dues and activation fees. The changes in our allowance were as follows during the year ended December 31, 2023:

($ in millions)	Fee-for-service commissions		Real estate and financing		Resort and club operations		Total
Balance as of December 31, 2022	$	16	$	24	$	12	$	52
Current period provision for expected credit losses	14		13		16		43
Write-offs charged against the allowance	(7)		(3)		(25)		(35)
Balance at December 31, 2023	$	23	$	34	$	3	$	60