v3.25.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Carrying and Estimated Fair Value Amounts
The carrying amounts and estimated fair values of our financial assets and liabilities were as follows:
June 30, 2025
Fair Value
($ in millions)Carrying
Amount
Level 1Level 3
Assets:
Timeshare financing receivables, net(1)
$2,979 $— $3,271 
Liabilities:
Debt, net(2)
4,574 4,335 259 
Non-recourse debt, net(2)
2,499 1,780 748 
December 31, 2024
Fair Value
($ in millions)Carrying
Amount
Level 1Level 3
Assets:
Timeshare financing receivables, net(1)
$3,006 $— $3,203 
Liabilities:
Debt, net(2)
4,601 4,309 283 
Non-recourse debt, net(2)
2,318 1,873 446 
(1)Carrying amount net of allowance for financing receivables losses.
(2)Carrying amount net of unamortized deferred financing costs and discounts.