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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenues by Product and 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 reportable segments: (i) Real estate sales and financing and (ii) Resort operations and club management. See Note 17: Business Segments for more information related to our segments.
($ in millions)Three Months Ended June 30,Six Months Ended June 30,
Real Estate Sales and Financing Segment2024202320242023
Sales of VOIs, net$471 $355 $909 $673 
Sales, marketing, brand and other fees167 173 312 331 
Interest income88 65 184 131 
Other financing revenue14 11 22 19 
Real estate sales and financing segment revenues$740 $604 $1,427 $1,154 
($ in millions)Three Months Ended June 30,Six Months Ended June 30,
Resort Operations and Club Management Segment2024202320242023
Club management$67 $53 $130 $104 
Resort management104 80 207 160 
Rental(1)
181 162 350 309 
Ancillary services14 11 26 22 
Resort operations and club management segment revenues$366 $306 $713 $595 
(1)Excludes intersegment transactions. See Note 17: Business Segments for additional information.
Schedule of Accounts Receivable from Contracts with Customers and Composition of Contract Liabilities
The following table provides information on our contracts with customers which are included in Accounts receivable, net and Timeshare financing receivables, net, respectively, on our condensed consolidated balance sheets:
($ in millions)June 30, 2024December 31, 2023
Receivables from contracts with customers:
Accounts receivable, net$346 $343 
Timeshare financing receivables, net2,976 2,113 
Total$3,322 $2,456 
The following table presents the composition of our contract liabilities:
($ in millions)June 30, 2024December 31, 2023
Contract liabilities:
Advanced deposits$224 $179 
Deferred sales of VOIs of projects under construction51 39 
Club activation fees and annual dues
142 97 
Bonus point incentive liability(1)
93 83 
Deferred maintenance fees29 12 
Other deferred revenue61 38 
(1)The balance includes $55 million and $54 million of bonus point incentive liabilities included in Accounts payable, accrued expenses and other on our condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023, respectively. This liability is for incentives from VOI sales and sales and marketing expenses in conjunction with our fee-for-service arrangements.
Schedule of Deferred Revenue, Deferred Cost of VOI Sales and Deferred Direct Selling Costs from Sales of VOIs Related to Projects under Construction The following table presents the deferred revenue, deferred cost of VOI sales and deferred direct selling costs from sales of VOIs related to projects under construction:
($ in millions)June 30, 2024December 31, 2023
Sales of VOIs, net$51 $39 
Cost of VOI sales15 10 
Sales and marketing expense7 6 
Schedule of Remaining Transaction Price Related to Advanced Deposits, Club Activation Fees and Bonus Points Incentive Liability
The following table includes the remaining transaction price related to Advanced deposits, Club activation fees and Bonus points incentive liability as of June 30, 2024:
($ in millions)Remaining
Transaction Price		Recognition PeriodRecognition Method
Advanced deposits$224 18 monthsUpon customer stays
Club activation fees65 7 yearsStraight-line basis over average inventory holding period
Bonus point incentive liability93 
18 - 30 months
Upon redemption