v3.25.1
FINANCIAL INSTRUMENTS - Carrying Values and Estimated Fair Values (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Vacation ownership notes receivable, net $ 2,446 $ 2,440
Contracts receivable for financed VOI sales, net 50 46
Other assets 130 131
Total financial assets 2,626 2,617
Total financial liabilities (5,099) (5,026)
Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Vacation ownership notes receivable, net 2,510 2,508
Contracts receivable for financed VOI sales, net 50 46
Other assets 130 131
Total financial assets 2,690 2,685
Total financial liabilities (5,025) (4,958)
Securitized debt, net | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (2,147) (2,136)
Securitized debt, net | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (2,166) (2,147)
2028 Notes, net | Senior notes | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (348) (348)
2028 Notes, net | Senior notes | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (333) (336)
2029 Notes, net | Senior notes | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (496) (496)
2029 Notes, net | Senior notes | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (460) (467)
2026 Convertible Notes, net | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Convertible notes, net (572) (572)
2026 Convertible Notes, net | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Convertible notes, net (551) (546)
2027 Convertible Notes, net | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Convertible notes, net (567) (566)
2027 Convertible Notes, net | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Convertible notes, net (533) (541)
Line of Credit | Term Loan, net | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (784) (786)
Line of Credit | Term Loan, net | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (792) (796)
Line of Credit | Revolving Corporate Credit Facility, net | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (185) (122)
Line of Credit | Revolving Corporate Credit Facility, net | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value $ (190) $ (125)