v3.26.1
Vacation Ownership Contract Receivables (Tables)
 3 Months Ended
Mar. 31, 2026
Contracts Receivable [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] Vacation ownership contract receivables, net consisted of the following (in millions):
March 31,
2026		December 31,
2025
Vacation ownership contract receivables:
Securitized (a)
$2,218 $2,281 
Non-securitized (b)
1,037 1,020 
Vacation ownership contract receivables, gross3,255 3,301 
Less: allowance for loan losses646 663 
Vacation ownership contract receivables, net$2,609 $2,638 
(a)Excludes $19 million of accrued interest on VOCRs as of both March 31, 2026 and December 31, 2025, which are included in Trade receivables, net on the Condensed Consolidated Balance Sheets.
(b)Excludes $9 million and $8 million of accrued interest on VOCRs as of March 31, 2026 and December 31, 2025, which are included in Trade receivables, net on the Condensed Consolidated Balance Sheets.
Financing Receivable, Allowance for Credit Loss [Table Text Block] The activity in the allowance for loan losses on VOCRs was as follows (in millions):
Three Months Ended
March 31,
20262025
Allowance for loan losses, beginning balance$663 $614 
Provision for loan losses, net (a)
100 91 
Contract receivables write-offs, net(117)(110)
Allowance for loan losses, ending balance$646 $595 
(a)Recorded as a reduction to Net revenue.
The table below represents the gross write-offs of financing receivables by year of origination (in millions):
Three Months Ended
March 31, 2026
2026$— 
202555 
202432 
202316 
20229 
Prior8 
Total$120 
Financing Receivable Credit Quality Indicators [Table Text Block]
The following table details an aging analysis of financing receivables using the most recently updated FICO scores, based on the policy described above (in millions):
As of March 31, 2026
700+600-699<600No ScoreAsia PacificTotal
Current$1,951 $679 $133 $81 $223 $3,067 
31 - 60 days35 28 13 2 6 84 
61 - 90 days23 20 10 2 3 58 
91 - 120 days16 16 10 2 2 46 
Total$2,025 $743 $166 $87 $234 $3,255 
As of December 31, 2025
700+600-699<600No ScoreAsia PacificTotal
Current$2,014 $680 $133 $77 $213 $3,117 
31 - 60 days31 29 13 2 4 79 
61 - 90 days22 18 11 2 3 56 
91 - 120 days15 17 12 2 3 49 
Total$2,082 $744 $169 $83 $223 $3,301 
The following table details the year of origination of financing receivables using the most recently updated FICO scores, based on the policy described above (in millions):
As of March 31, 2026
700+600-699<600No ScoreAsia PacificTotal
2026$273 $55 $— $15 $47 $390 
2025789 263 36 26 103 1,217 
2024381 148 41 16 40 626 
2023226 104 33 10 17 390 
2022148 74 22 5 7 256 
Prior208 99 34 15 20 376 
Total$2,025 $743 $166 $87 $234 $3,255 
As of December 31, 2025
700+600-699<600No ScoreAsia PacificTotal
2025$1,001 $266 $24 $30 $131 $1,452 
2024431 169 45 18 45 708 
2023251 116 36 12 18 433 
2022163 81 26 6 7 283 
202173 36 13 2 5 129 
Prior163 76 25 15 17 296 
Total$2,082 $744 $169 $83 $223 $3,301