ACCOUNTS RECEIVABLE

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

Accounts receivable within the scope of ASC 326 are measured at amortized cost. The following table represents our accounts receivable, net of allowance for credit losses:

($ in millions)	September 30, 2024		December 31, 2023
Fee-for-service commissions	$	53	$	57
Real estate and financing	57		87
Resort and club operations	139		199
Tax receivables	134		97
Insurance claims receivable	—		54
Other receivables	17		13
Total	$	400	$	507

Our accounts receivable are generally due within one year of origination. We use delinquency status and economic factors such as credit quality indicators to monitor our receivables within the scope of ASC 326 and use these as a basis for how we develop our expected loss estimates.

The changes in our allowance were as follows during the nine months ended September 30, 2024:

($ in millions)	Fee-for-service commissions		Real estate and financing		Resort and club operations		Total
Balance as of December 31, 2023	$	23	$	34	$	3	$	60
Current period provision for expected credit losses	6		11		13		30
Write-offs charged against the allowance	(8)		(10)		(1)		(19)
Balance as of September 30, 2024	$	21	$	35	$	15	$	71