v3.26.3
Earnings Per Share (Computation Of Basic And Diluted EPS) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Jun. 30, 2026
Mar. 31, 2026
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2026
Sep. 30, 2025
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]                
Net income attributable to Travel + Leisure Co. shareholders $ 108     $ 111     $ 296 $ 291
Basic earnings per share                
Basic earnings per share [1] $ 1.77     $ 1.70     $ 4.76 $ 4.40
Diluted earnings per share                
Diluted earnings per share [1] $ 1.73     $ 1.67     $ 4.66 $ 4.35
Basic weighted average shares outstanding (in shares) 61.3     65.2     62.1 66.1
RSUs, PSUs, and NQs (in shares) [2],[3],[4] 1.3     0.9     1.4 0.8
Diluted weighted average shares outstanding (in shares) [5] 62.6     66.1     63.5 66.9
Aggregate dividends paid to shareholders [6] $ 36     $ 36     $ 114 $ 114
Common Stock, Dividends, Per Share, Cash Paid $ 0.60 $ 0.60 $ 0.60 $ 0.56 $ 0.56 $ 0.56 $ 1.80 $ 1.68
Restricted Stock Units (RSUs)                
Diluted earnings per share                
Shares excluded from computation of diluted EPS (in shares) 0.1     0.1     0.1 0.4
Performance Shares [Member]                
Diluted earnings per share                
Shares excluded from computation of diluted EPS (in shares) 0.5     0.8     0.5 0.8
Share-based Payment Arrangement, Option [Member]                
Diluted earnings per share                
Shares excluded from computation of diluted EPS (in shares)               0.1
[1] Earnings per share amounts are calculated using whole numbers.
[2] Excludes 0.1 million of outstanding Non-Qualified stock options (“NQs”) that would have been anti-dilutive to EPS for the nine months ended September 30, 2025.
[3] Excludes less than 0.1 million of restricted stock units (“RSUs”) that would have been anti-dilutive to EPS for both the three and nine months ended September 30, 2026, and less than 0.1 million and 0.4 million of RSUs that would have been anti-dilutive to EPS for the three and nine months ended September 30, 2025.
[4] Excludes performance-vested restricted stock units (“PSUs”) of 0.5 million for the three and nine months ended September 30, 2026 and 0.8 million for the three and nine months ended September 30, 2025, as the Company has not met the required performance metrics. These PSUs could potentially dilute EPS in the future.
[5] The dilutive impact of the Company’s potential common stock is computed utilizing the treasury stock method using average market prices during the period.
[6] The Company paid cash dividends of $0.60 and $1.80 per share during the three and nine months ended September 30, 2026 and $0.56 and $1.68 per share during the three and nine months ended September 30, 2025.