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BUSINESS SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Operating Performance Reconciled to Consolidated Amounts
The following table below presents revenues for our reportable segment results which include the acquired Grand Islander and Bluegreen operations, within both segments and as of their respective acquisition dates, reconciled to consolidated amounts:
Three Months Ended March 31,
($ in millions)20242023
Revenues:
Real estate sales and financing$687 $550 
Resort operations and club management(1)
360 302 
Total segment revenues1,047 852 
Cost reimbursements122 95 
Intersegment eliminations(1)
(13)(13)
Total revenues$1,156 $934 
(1)Includes charges to the Real estate sales and financing segment from the Resort operations and club management segment for fulfillment of discounted marketing package stays at resorts.
Schedule of Adjusted EBITDA for our Reportable Segments Reconciled to Net Income
The following table presents Adjusted EBITDA for our reportable segments reconciled to net income:
 Three Months Ended March 31,
($ in millions)20242023
Adjusted EBITDA:
Real estate sales and financing(1)
$206 $169 
Resort operations and club management(1)
134 109 
Segment Adjusted EBITDA340 278 
Acquisition and integration-related expense(109)(17)
General and administrative(45)(42)
Depreciation and amortization(62)(51)
License fee expense(35)(30)
Other (loss) gain, net(5)
Interest expense(79)(44)
Income tax benefit (expense)11 (17)
Equity in earnings from unconsolidated affiliates
Impairment expense
(2)— 
Other adjustment items(2)
(21)(8)
Net (loss) income
(2)73 
Income attributable to noncontrolling interest
— 
Net (loss) income attributable to stockholders
$(4)$73 
(1)Includes intersegment transactions. Refer to our table presenting revenues by reportable segment above for additional discussion.
(2)For the three months ended March 31, 2024 and 2023, these amounts include costs associated with stock-based compensation, restructuring, one-time charges and other non-cash items included within our reportable segments.