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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 1,235 $ 1,007 $ 2,391 $ 1,941
Expenses        
General and administrative 58 48 103 90
Depreciation and amortization 68 52 130 103
Impairment expense 0 3 2 3
Total operating expenses 1,141 853 2,231 1,657
Interest expense (87) (44) (166) (88)
Equity in earnings from unconsolidated affiliates 3 2 8 5
Other (loss) gain, net (3) 3 (8) 4
Income (loss) before income taxes 7 115 (6) 205
Income tax (expense) benefit (3) (35) 8 (52)
Net income 4 80 2 153
Net income attributable to noncontrolling interest 2 0 4 0
Net income (loss) attributable to stockholders $ 2 $ 80 $ (2) $ 153
Earnings (loss) per share attributable to stockholders:        
Basic (in dollars per share) $ 0.02 $ 0.72 $ (0.02) $ 1.37
Diluted (in dollars per share) $ 0.02 $ 0.71 $ (0.02) $ 1.35
Sales of VOIs, net        
Revenues        
Total revenues $ 471 $ 355 $ 909 $ 673
Sales, marketing, brand and other fees        
Revenues        
Total revenues 167 173 312 331
Financing        
Revenues        
Total revenues 102 76 206 150
Expenses        
Expenses 44 24 83 48
Resort and club management        
Revenues        
Total revenues 171 133 337 264
Expenses        
Expenses 48 44 102 86
Rental and ancillary services        
Revenues        
Total revenues 195 173 376 331
Expenses        
Expenses 188 154 361 306
Cost reimbursements        
Revenues        
Total revenues 129 97 251 192
Expenses        
Expenses 129 97 251 192
Cost of VOI sales        
Expenses        
Expenses 65 48 113 98
Sales and marketing        
Expenses        
Expenses 453 336 854 637
Acquisition and integration-related expense        
Expenses        
Expenses 48 13 157 30
License fee expense        
Expenses        
Expenses $ 40 $ 34 $ 75 $ 64