v3.26.3
BUSINESS SEGMENTS - Schedule of Adjusted EBITDA for Reportable Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Total segment revenues $ 1,808 $ 1,168 $ 4,152 $ 3,321
Share-based compensation expense 19 18 54 52
Cost of VOI sales        
Segment Reporting [Line Items]        
Total segment expenses 207 43 290 106
Financing expense        
Segment Reporting [Line Items]        
Total segment expenses 55 53 164 162
Intersegment eliminations        
Segment Reporting [Line Items]        
Total segment revenues (26) (27) (77) (75)
Operating Segments        
Segment Reporting [Line Items]        
Total segment revenues 1,834 1,195 4,229 3,396
Total segment expenses 1,107 841 2,774 2,436
Share-based compensation expense 8 7 23 21
Other segment adjustment items 6 9 18 28
Segment Adjusted EBITDA 715 343 1,419 934
Operating Segments | Cost of VOI sales        
Segment Reporting [Line Items]        
Total segment expenses 207 43 290 106
Operating Segments | Selling expense        
Segment Reporting [Line Items]        
Total segment expenses 277 220 658 621
Operating Segments | Marketing expense        
Segment Reporting [Line Items]        
Total segment expenses 268 274 774 769
Operating Segments | Financing expense        
Segment Reporting [Line Items]        
Total segment expenses 55 53 164 162
Operating Segments | Club expense        
Segment Reporting [Line Items]        
Total segment expenses 22 22 68 63
Operating Segments | Property management expense        
Segment Reporting [Line Items]        
Total segment expenses 38 36 112 105
Operating Segments | Rental expense        
Segment Reporting [Line Items]        
Total segment expenses 188 178 599 564
Operating Segments | Other expenses        
Segment Reporting [Line Items]        
Total segment expenses 52 15 109 46
Real Estate Sales and Financing Segment        
Segment Reporting [Line Items]        
Total segment revenues 1,418 789 2,981 2,194
Real Estate Sales and Financing Segment | Intersegment eliminations        
Segment Reporting [Line Items]        
Total segment revenues (26) (27) (77) (75)
Real Estate Sales and Financing Segment | Operating Segments        
Segment Reporting [Line Items]        
Total segment revenues 1,418 789 2,981 2,194
Total segment expenses 846 593 1,957 1,669
Share-based compensation expense 6 5 16 14
Other segment adjustment items 5 10 16 29
Segment Adjusted EBITDA 557 184 979 493
Real Estate Sales and Financing Segment | Operating Segments | Cost of VOI sales        
Segment Reporting [Line Items]        
Total segment expenses 207 43 290 106
Real Estate Sales and Financing Segment | Operating Segments | Selling expense        
Segment Reporting [Line Items]        
Total segment expenses 277 220 658 621
Real Estate Sales and Financing Segment | Operating Segments | Marketing expense        
Segment Reporting [Line Items]        
Total segment expenses 268 274 774 769
Real Estate Sales and Financing Segment | Operating Segments | Financing expense        
Segment Reporting [Line Items]        
Total segment expenses 55 53 164 162
Real Estate Sales and Financing Segment | Operating Segments | Club expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Real Estate Sales and Financing Segment | Operating Segments | Property management expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Real Estate Sales and Financing Segment | Operating Segments | Rental expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Real Estate Sales and Financing Segment | Operating Segments | Other expenses        
Segment Reporting [Line Items]        
Total segment expenses 39 3 71 11
Resort Operations and Club Management Segment        
Segment Reporting [Line Items]        
Total segment revenues 390 379 1,171 1,127
Resort Operations and Club Management Segment | Intersegment eliminations        
Segment Reporting [Line Items]        
Total segment revenues (26) (27) (77) (75)
Resort Operations and Club Management Segment | Operating Segments        
Segment Reporting [Line Items]        
Total segment revenues 416 406 1,248 1,202
Total segment expenses 261 248 817 767
Share-based compensation expense 2 2 7 7
Other segment adjustment items 1 (1) 2 (1)
Segment Adjusted EBITDA 158 159 440 441
Resort Operations and Club Management Segment | Operating Segments | Cost of VOI sales        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Resort Operations and Club Management Segment | Operating Segments | Selling expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Resort Operations and Club Management Segment | Operating Segments | Marketing expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Resort Operations and Club Management Segment | Operating Segments | Financing expense        
Segment Reporting [Line Items]        
Total segment expenses 0 0 0 0
Resort Operations and Club Management Segment | Operating Segments | Club expense        
Segment Reporting [Line Items]        
Total segment expenses 22 22 68 63
Resort Operations and Club Management Segment | Operating Segments | Property management expense        
Segment Reporting [Line Items]        
Total segment expenses 38 36 112 105
Resort Operations and Club Management Segment | Operating Segments | Rental expense        
Segment Reporting [Line Items]        
Total segment expenses 188 178 599 564
Resort Operations and Club Management Segment | Operating Segments | Other expenses        
Segment Reporting [Line Items]        
Total segment expenses $ 13 $ 12 $ 38 $ 35