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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Total revenues $ 3,978 $ 3,835 $ 2,335
Expenses      
General and administrative 194 212 151
Depreciation and amortization 213 244 126
Impairment expense 3 17 2
Total operating expenses 3,365 3,224 1,945
Interest expense (178) (142) (105)
Equity in earnings from unconsolidated affiliates 12 13 10
Other gain (loss), net 2 (1) (26)
Income before income taxes 449 481 269
Income tax expense (136) (129) (93)
Net income $ 313 $ 352 $ 176
Earnings per share:      
Basic (in dollars per share) $ 2.84 $ 2.98 $ 1.77
Diluted (in dollars per share) $ 2.80 $ 2.93 $ 1.75
Sales of VOIs, net      
Revenues      
Total revenues $ 1,416 $ 1,491 $ 883
Sales, marketing, brand and other fees      
Revenues      
Total revenues 634 620 385
Financing      
Revenues      
Total revenues 307 267 183
Expenses      
Expenses 99 103 65
Resort and club management      
Revenues      
Total revenues 569 534 340
Expenses      
Expenses 177 161 80
Rental and ancillary services      
Revenues      
Total revenues 666 626 342
Expenses      
Expenses 612 579 267
Cost reimbursements      
Revenues      
Total revenues 386 297 202
Expenses      
Expenses 386 297 202
Cost of VOI sales      
Expenses      
Expenses 194 274 213
Sales and marketing      
Expenses      
Expenses 1,281 1,146 653
Acquisition and integration-related expense      
Expenses      
Expenses 68    
License fee expense      
Expenses      
Expenses $ 138 $ 124 $ 80