REVENUE AND RECEIVABLES (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]


	Three Months Ended March 31, 2025
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Sale of vacation ownership products	$	355	$	—	$	—	$	355

Ancillary revenues	65		1		—		66
Management fee revenues	55		3		(1)		57
Exchange and other services revenues	35		42		15		92
Management and exchange	155		46		14		215

Rental	159		10		—		169

Cost reimbursements	378		2		(7)		373
Revenue from contracts with customers	1,047		58		7		1,112

Financing	88		—		—		88
Total Revenues	$	1,135	$	58	$	7	$	1,200


	Three Months Ended March 31, 2024
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Sale of vacation ownership products	$	352	$	—	$	—	$	352

Ancillary revenues	65		1		—		66
Management fee revenues	52		5		(1)		56
Exchange and other services revenues	31		46		12		89
Management and exchange	148		52		11		211

Rental	147		11		—		158

Cost reimbursements	400		2		(11)		391
Revenue from contracts with customers	1,047		65		—		1,112

Financing	83		—		—		83
Total Revenues	$	1,130	$	65	$	—	$	1,195

Revenue remaining performance obligation

The following tables detail the timing of revenue from contracts with customers by segment for the time periods presented.


	Three Months Ended March 31, 2025
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Services transferred over time	$	620	$	21	$	7	$	648
Goods or services transferred at a point in time	427		37		—		464
Revenue from contracts with customers	$	1,047	$	58	$	7	$	1,112


	Three Months Ended March 31, 2024
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Services transferred over time	$	625	$	24	$	—	$	649
Goods or services transferred at a point in time	422		41		—		463
Revenue from contracts with customers	$	1,047	$	65	$	—	$	1,112

Contract with customer, asset and liability

The following table shows the composition of our receivables from contracts with customers and contract liabilities. We had no contract assets at either March 31, 2025 or December 31, 2024.


($ in millions)	At March 31, 2025		At December 31, 2024
Receivables from Contracts with Customers
Accounts and contracts receivable, net	$	258	$	250
Vacation ownership notes receivable, net	2,446		2,440
	$	2,704	$	2,690
Contract Liabilities
Advance deposits	$	167	$	162
Deferred revenue	442		354
	$	609	$	516

Accounts and nontrade receivable

The following table shows the composition of our accounts and contracts receivable balances:


($ in millions)	At March 31, 2025		At December 31, 2024
Receivables from contracts with customers, net	$	258	$	250
Interest receivable	19		20
Tax receivable	52		57
Indemnification assets	34		34
Employee tax credit receivable	10		10
Other	16		16
	$	389	$	387