XML 64 R47.htm IDEA: XBRL DOCUMENT v3.24.1.u1
ACQUISITIONS - Schedule of Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
2 Months Ended
Jan. 17, 2024
Dec. 01, 2023
Mar. 31, 2024
Dec. 31, 2023
Assets acquired        
Timeshare financing receivables, net     $ 3,030 $ 2,113
Operating lease right-of-use assets $ 18   85 61
Liabilities assumed        
Net assets acquired (1,191)      
Less: Net assets acquired (1,191)      
Goodwill     1,943 $ 1,418
Bluegreen Vacations Holdings Corporation        
Assets acquired        
Cash and cash equivalents 58      
Restricted cash 44      
Accounts receivable 32      
Timeshare financing receivables, net 925      
Inventory 365      
Property and equipment 177      
Investment in unconsolidated affiliates 1      
Intangible assets 812   812  
Other assets 83      
Total assets acquired 2,515      
Liabilities assumed        
Accounts payable, accrued expenses and other 129      
Advanced deposits 2      
Debt 162      
Non-recourse debt 606      
Operating lease liabilities 20      
Deferred revenue 57      
Deferred income tax liabilities 348      
Total liabilities assumed 1,324      
Net assets acquired 1,191      
Total consideration transferred 1,556   1,556  
Less: Net assets acquired 1,191      
Noncontrolling interest 158      
Goodwill $ 523      
Grand Islander        
Assets acquired        
Cash and cash equivalents     8  
Restricted cash     28  
Accounts receivable     5  
Inventory     15  
Other assets     2  
Liabilities assumed        
Total liabilities assumed     199  
Total consideration transferred   $ 117    
Goodwill     $ 4