v3.24.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Summary Of Segment Information
The following tables present the Company’s segment information (in millions):
Three Months EndedSix Months Ended
June 30,June 30,
Net revenues2024202320242023
Vacation Ownership$807 $768 $1,533 $1,453 
Travel and Membership177 179 370 379 
Total reportable segments984 947 1,903 1,832 
Corporate and other (a)
1 2 (3)(3)
Total Company$985 $949 $1,900 $1,829 
Three Months EndedSix Months Ended
June 30,June 30,
Reconciliation of Net income to Adjusted EBITDA2024202320242023
Net income attributable to Travel + Leisure Co. shareholders$129 $94 $195 $157 
Gain on disposal of discontinued business, net of income taxes(32)(5)(32)(5)
Interest expense63 61 127 119 
Interest (income)(3)(3)(8)(6)
Provision for income taxes36 36 62 58 
Depreciation and amortization28 28 56 55 
Legacy items12 2 13 7 
Stock-based compensation11 12 20 22 
Restructuring— 11 — 11 
Acquisition and divestiture related costs— — 2 — 
Loss on sale of business (b)
— — — 2 
Adjusted EBITDA$244 $236 $435 $420 
Three Months EndedSix Months Ended
June 30,June 30,
Adjusted EBITDA2024202320242023
Vacation Ownership$206 $187 $340 $319 
Travel and Membership62 62 137 133 
Total reportable segments268 249 477 452 
Corporate and other (a)
(24)(13)(42)(32)
Total Company$244 $236 $435 $420 
(a)Includes the elimination of transactions between segments.
(b)Represents the loss on sale of the Love Home Swap business.
Segment Assets (a)
June 30,
2024		December 31, 2023
Vacation Ownership$5,046 $4,980 
Travel and Membership1,343 1,353 
Total reportable segments6,389 6,333 
Corporate and other304 405 
Total Company$6,693 $6,738 
(a)Excludes investment in consolidated subsidiaries.