v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenues $ 1,266 $ 1,235 $ 2,414 $ 2,391
Expenses        
General and administrative 58 58 104 103
Depreciation and amortization 59 68 126 130
Impairment expense 1 0 1 2
Total operating expenses 1,154 1,141 2,242 2,231
Interest expense (79) (87) (156) (166)
Equity in earnings from unconsolidated affiliates 6 3 11 8
Other gain (loss), net 4 (3) 10 (8)
Income (loss) before income taxes 43 7 37 (6)
Income tax (expense) benefit (15) (3) (21) 8
Net income 28 4 16 2
Net income attributable to noncontrolling interest 3 2 8 4
Net income (loss) attributable to stockholders $ 25 $ 2 $ 8 $ (2)
Earnings (loss) per share attributable to stockholders:        
Basic (in dollars per share) $ 0.26 $ 0.02 $ 0.09 $ (0.02)
Diluted (in dollars per share) $ 0.25 $ 0.02 $ 0.08 $ (0.02)
Sales of VOIs, net        
Revenues        
Total revenues $ 469 $ 471 $ 847 $ 909
Fee-for-service commissions, package sales and other fees        
Revenues        
Total revenues 165 167 307 312
Financing        
Revenues        
Total revenues 126 102 251 206
Expenses        
Expenses 54 44 109 83
Resort and club management        
Revenues        
Total revenues 183 171 366 337
Expenses        
Expenses 56 48 110 102
Rental and ancillary services        
Revenues        
Total revenues 195 195 382 376
Expenses        
Expenses 203 188 409 361
Cost reimbursements        
Revenues        
Total revenues 128 129 261 251
Expenses        
Expenses 128 129 261 251
Cost of VOI sales        
Expenses        
Expenses 38 65 63 113
Sales and marketing        
Expenses        
Expenses 479 453 904 854
Acquisition and integration-related expense        
Expenses        
Expenses 26 48 54 157
License fee expense        
Expenses        
Expenses $ 52 $ 40 $ 101 $ 75