Vacation Ownership Contract Receivables (Tables)

6 Months Ended

Jun. 30, 2024

Vacation Ownership Contract Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Vacation ownership contract receivables, net consisted of the following (in millions):


	June 30, 2024		December 31, 2023
Vacation ownership contract receivables:
Securitized (a)	$	2,206	$	2,291
Non-securitized (b)	930		810
Vacation ownership contract receivables, gross	3,136		3,101
Less: allowance for loan losses	574		574
Vacation ownership contract receivables, net	$	2,562	$	2,527

(a)Excludes $17 million and $18 million of accrued interest on VOCRs as of June 30, 2024 and December 31, 2023, which are included in Trade receivables, net on the Condensed Consolidated Balance Sheets.

(b)Excludes $8 million of accrued interest on VOCRs as of both June 30, 2024 and December 31, 2023, which are included in Trade receivables, net on the Condensed Consolidated Balance Sheets.

Financing Receivable, Allowance for Credit Loss [Table Text Block]

The activity in the allowance for loan losses on VOCRs was as follows (in millions):


	Six Months Ended
	June 30,
	2024		2023
Allowance for loan losses, beginning balance	$	574	$	541
Provision for loan losses, net (a)	191		158
Contract receivables write-offs, net	(191)		(154)
Allowance for loan losses, ending balance	$	574	$	545

(a)Recorded as a reduction to Net revenue.

The table below represents the gross write-offs of financing receivables by year of origination (in millions):


	Six Months Ended
	June 30, 2024
2024	$	1
2023	94
2022	43
2021	17
2020	7
Prior	31
Total	$	193

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table details an aging analysis of financing receivables using the most recently updated FICO scores, based on the policy described above (in millions):


	As of June 30, 2024
	700+		600-699		<600		No Score		Asia Pacific		Total
Current	$	1,831	$	742	$	137	$	84	$	185	$	2,979
31 - 60 days	20		25		12		2		7		66
61 - 90 days	15		17		10		1		9		52
91 - 120 days	9		13		11		1		5		39
Total	$	1,875	$	797	$	170	$	88	$	206	$	3,136

	As of December 31, 2023
	700+		600-699		<600		No Score		Asia Pacific		Total
Current	$	1,835	$	735	$	120	$	83	$	183	$	2,956
31 - 60 days	22		28		13		2		1		66
61 - 90 days	12		16		10		1		—		39
91 - 120 days	10		16		12		2		—		40
Total	$	1,879	$	795	$	155	$	88	$	184	$	3,101

The following tables detail the year of origination of financing receivables using the most recently updated FICO scores, based on the policy described above (in millions):


	As of June 30, 2024
	700+		600-699		<600		No Score		Asia Pacific		Total
2024	$	504	$	138	$	—	$	22	$	79	$	743
2023	562		264		58		21		60		965
2022	317		154		44		12		16		543
2021	139		72		22		3		10		246
2020	69		32		8		3		9		121
Prior	284		137		38		27		32		518
Total	$	1,875	$	797	$	170	$	88	$	206	$	3,136

	As of December 31, 2023
	700+		600-699		<600		No Score		Asia Pacific		Total
2023	$	850	$	292	$	27	$	33	$	107	$	1,309
2022	407		202		46		14		18		687
2021	172		90		27		4		12		305
2020	86		39		10		4		10		149
2019	131		65		18		11		13		238
Prior	233		107		27		22		24		413
Total	$	1,879	$	795	$	155	$	88	$	184	$	3,101