v3.24.2
Earnings Per Share (Computation Of Basic And Diluted EPS) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]            
Net income from continuing operations attributable to Travel + Leisure Co. shareholders $ 97   $ 89   $ 163 $ 152
Gain on disposal of discontinued business, net of income taxes 32   5   32 5
Net income attributable to Travel + Leisure Co. shareholders $ 129 $ 66 $ 94 $ 64 $ 195 $ 157
Basic earnings per share            
Continuing operations [1] $ 1.36   $ 1.18   $ 2.29 $ 1.99
Discontinued operations [1] 0.46   0.07   0.45 0.07
Basic earnings per share [1] 1.82   1.25   2.74 2.06
Diluted earnings per share            
Continuing operations [1] 1.36   1.18   2.28 1.98
Discontinued operations [1] 0.45   0.07   0.45 0.07
Diluted earnings per share [1] $ 1.81   $ 1.25   $ 2.73 $ 2.05
Basic weighted average shares outstanding (in shares) 70.8   75.2   71.2 76.3
RSUs, PSUs, and NQs (in shares) [2],[3],[4] 0.2   0.3   0.3 0.5
Diluted weighted average shares outstanding (in shares) [5] 71.0   75.5   71.5 76.8
Aggregate dividends paid to shareholders [6] $ 35   $ 35   $ 73 $ 71
Common Stock, Dividends, Per Share, Cash Paid $ 0.50   $ 0.45   $ 1.00 $ 0.90
Restricted Stock Units (RSUs)            
Diluted earnings per share            
Shares excluded from computation of diluted EPS (in shares) 0.8   1.3   0.8 1.2
Performance Shares [Member]            
Diluted earnings per share            
Shares excluded from computation of diluted EPS (in shares) 0.9   0.9   0.9 0.9
Share-based Payment Arrangement, Option [Member]            
Diluted earnings per share            
Shares excluded from computation of diluted EPS (in shares) 0.9   2.3   1.4 2.3
[1] Earnings per share amounts are calculated using whole numbers.
[2] Excludes 0.8 million of restricted stock units (“RSUs”) that would have been anti-dilutive to EPS for both the three and six months ended June 30, 2024 and 1.3 million and 1.2 million of RSUs that would have been anti-dilutive to EPS for the three and six months ended June 30, 2023. These shares could potentially dilute EPS in the future.
[3] Excludes 0.9 million and 1.4 million of outstanding non-qualified stock options (“NQs”) that would have been anti-dilutive to EPS for the three and six months ended June 30, 2024 and 2.3 million of outstanding NQs for both the three and six months ended June 30, 2023. These outstanding NQs could potentially dilute EPS in the future.
[4] Excludes performance-vested restricted stock units (“PSUs”) of 0.9 million for both the three and six months ended June 30, 2024 and 0.9 million of PSUs for both the three and six months ended June 30, 2023, as the Company has not met the required performance metrics. These PSUs could potentially dilute EPS in the future.
[5] The dilutive impact of the Company’s potential common stock is computed utilizing the treasury stock method using average market prices during the period.
[6] The Company paid cash dividends of $0.50 and $1.00 per share during the three and six months ended June 30, 2024 and $0.45 and $0.90 per share during the three and six months ended June 30, 2023.