v3.26.1
BUSINESS SEGMENTS - Schedule of Adjusted EBITDA for Reportable Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Total segment revenues $ 1,208 $ 1,138 $ 2,344 $ 2,153
Share-based compensation expense 25 22 35 34
Cost of VOI sales        
Segment Reporting [Line Items]        
Total segment expenses 38 38 83 63
Financing expense        
Segment Reporting [Line Items]        
Total segment expenses 58 54 109 109
Intersegment eliminations        
Segment Reporting [Line Items]        
Total segment revenues (31) (27) (51) (48)
Operating Segments        
Segment Reporting [Line Items]        
Total segment revenues 1,239 1,165 2,395 2,201
Total segment expenses 859 830 1,667 1,595
Share-based compensation expense 10 8 15 14
Other segment adjustment items 6 9 12 19
Segment Adjusted EBITDA 365 325 704 591
Operating Segments | Cost of VOI sales        
Segment Reporting [Line Items]        
Total segment expenses 38 38 83 63
Operating Segments | Selling expense        
Segment Reporting [Line Items]        
Total segment expenses 200 206 381 401
Operating Segments | Marketing expense        
Segment Reporting [Line Items]        
Total segment expenses 267 265 506 495
Operating Segments | Financing expense        
Segment Reporting [Line Items]        
Total segment expenses 58 54 109 109
Operating Segments | Club expense        
Segment Reporting [Line Items]        
Total segment expenses 24 21 46 41
Operating Segments | Property management expense        
Segment Reporting [Line Items]        
Total segment expenses 37 35 74 69
Operating Segments | Rental expense        
Segment Reporting [Line Items]        
Total segment expenses 207 191 411 386
Operating Segments | Other expenses        
Segment Reporting [Line Items]        
Total segment expenses 28 20 57 31
Real Estate Sales and Financing Segment        
Segment Reporting [Line Items]        
Total segment revenues 809 760 1,563 1,405
Real Estate Sales and Financing Segment | Intersegment eliminations        
Segment Reporting [Line Items]        
Total segment revenues (31) (27) (51) (48)
Real Estate Sales and Financing Segment | Operating Segments        
Segment Reporting [Line Items]        
Total segment revenues 809 760 1,563 1,405
Total segment expenses 578 571 1,111 1,076
Share-based compensation expense 6 5 10 9
Other segment adjustment items 5 9 11 19
Segment Adjusted EBITDA 211 176 422 309
Real Estate Sales and Financing Segment | Operating Segments | Cost of VOI sales        
Segment Reporting [Line Items]        
Total segment expenses 38 38 83 63
Real Estate Sales and Financing Segment | Operating Segments | Selling expense        
Segment Reporting [Line Items]        
Total segment expenses 200 206 381 401
Real Estate Sales and Financing Segment | Operating Segments | Marketing expense        
Segment Reporting [Line Items]        
Total segment expenses 267 265 506 495
Real Estate Sales and Financing Segment | Operating Segments | Financing expense        
Segment Reporting [Line Items]        
Total segment expenses 58 54 109 109
Real Estate Sales and Financing Segment | Operating Segments | Club expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Real Estate Sales and Financing Segment | Operating Segments | Property management expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Real Estate Sales and Financing Segment | Operating Segments | Rental expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Real Estate Sales and Financing Segment | Operating Segments | Other expenses        
Segment Reporting [Line Items]        
Total segment expenses 15 8 32 8
Resort Operations and Club Management Segment        
Segment Reporting [Line Items]        
Total segment revenues 399 378 781 748
Resort Operations and Club Management Segment | Intersegment eliminations        
Segment Reporting [Line Items]        
Total segment revenues (31) (27) (51) (48)
Resort Operations and Club Management Segment | Operating Segments        
Segment Reporting [Line Items]        
Total segment revenues 430 405 832 796
Total segment expenses 281 259 556 519
Share-based compensation expense 4 3 5 5
Other segment adjustment items 1 0 1 0
Segment Adjusted EBITDA 154 149 282 282
Resort Operations and Club Management Segment | Operating Segments | Cost of VOI sales        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Resort Operations and Club Management Segment | Operating Segments | Selling expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Resort Operations and Club Management Segment | Operating Segments | Marketing expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Resort Operations and Club Management Segment | Operating Segments | Financing expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Resort Operations and Club Management Segment | Operating Segments | Club expense        
Segment Reporting [Line Items]        
Total segment expenses 24 21 46 41
Resort Operations and Club Management Segment | Operating Segments | Property management expense        
Segment Reporting [Line Items]        
Total segment expenses 37 35 74 69
Resort Operations and Club Management Segment | Operating Segments | Rental expense        
Segment Reporting [Line Items]        
Total segment expenses 207 191 411 386
Resort Operations and Club Management Segment | Operating Segments | Other expenses        
Segment Reporting [Line Items]        
Total segment expenses $ 13 $ 12 $ 25 $ 23