v3.26.1
FINANCIAL INSTRUMENTS - Schedule of Carrying Values and Estimated Fair Values (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Vacation ownership notes receivable, net $ 2,567 $ 2,565
Contracts receivable for financed VOI sales, net 72 95
Other assets 165 168
Total financial assets 2,804 2,828
Total financial liabilities (5,371) (5,482)
Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Vacation ownership notes receivable, net 2,658 2,645
Contracts receivable for financed VOI sales, net 72 95
Other assets 165 168
Total financial assets 2,895 2,908
Total financial liabilities (5,343) (5,474)
Securitized debt, net | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (2,304) (2,146)
Securitized debt, net | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (2,343) (2,196)
2028 Notes, net | Senior notes | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (349) (348)
2028 Notes, net | Senior notes | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (345) (346)
2029 Notes, net | Senior notes | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (497) (497)
2029 Notes, net | Senior notes | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (472) (479)
2033 Notes | Senior notes | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (567) (567)
2033 Notes | Senior notes | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (547) (553)
2026 Convertible Notes, net | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Convertible notes, net 0 (575)
2026 Convertible Notes, net | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Convertible notes, net 0 (564)
2027 Convertible Notes, net | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Convertible notes, net (570) (569)
2027 Convertible Notes, net | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Convertible notes, net (542) (548)
Line of Credit | Term Loan, net | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (778) (780)
Line of Credit | Term Loan, net | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (784) (788)
Line of Credit | Revolving Corporate Credit Facility, net | Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value (306) 0
Line of Credit | Revolving Corporate Credit Facility, net | Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Debt instrument, fair value $ (310) $ 0