v3.26.1
ACQUISITION - Schedule of Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
Apr. 29, 2026
Jun. 30, 2026
Apr. 28, 2026
Dec. 31, 2025
Liabilities assumed        
Goodwill   $ 1,986   $ 1,985
Elara        
Liabilities assumed        
Ownership percentage     25.00%  
Elara Acquisition        
Assets acquired        
Cash and cash equivalents $ 9      
Restricted cash 20      
Accounts receivable 4      
Timeshare financing receivables, net 411      
Inventory 37      
Property and equipment 11      
Other assets 4      
Total assets acquired 496      
Liabilities assumed        
Accounts payable, accrued expenses and other 11      
Advanced deposits 1      
Total liabilities assumed 329      
Net assets acquired 167      
Total purchase consideration 124      
Plus: Fair value of previously held 25% ownership interest 44      
Less: Net assets acquired (167)      
Goodwill 1      
Securitized timeshare financing receivables 293      
Unsecuritized timeshare financing receivables 118      
Elara Acquisition | Senior Notes and Other Debt        
Liabilities assumed        
Debt and non-recourse debt 7      
Elara Acquisition | Secured Debt        
Liabilities assumed        
Debt and non-recourse debt $ 310