$VAC
MARRIOTT VACATIONS WORLDWIDE Corp

2015 Form 10-K Financial Statement

#000119312515064836 Filed on February 26, 2015

View on sec.gov

Income Statement

Concept 2015 2014 Q4 2014 Q1
Revenue $1.716B $401.9M
YoY Change -1.92% 3.06%
Cost Of Revenue $811.5M $254.0M
YoY Change -49.47% -29.05%
Gross Profit $999.3M $273.0M
YoY Change 595.47% 753.13%
Gross Profit Margin 58.23% 67.92%
Selling, General & Admin $416.3M $93.05M
YoY Change 0.32% -2.05%
% of Gross Profit 41.66% 34.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.68M $4.658M
YoY Change -17.32% -22.37%
% of Gross Profit 1.87% 1.71%
Operating Expenses $416.3M $93.05M
YoY Change 0.32% -2.05%
Operating Profit $583.0M $180.0M
YoY Change -314.88% -385.64%
Interest Expense -$11.69M -$13.00M
YoY Change -7.01% -218.18%
% of Operating Profit -2.01% -7.22%
Other Income/Expense, Net $614.0K $0.00
YoY Change -87.72% -100.0%
Pretax Income $150.6M $32.07M
YoY Change 14.78% 6.9%
Income Tax $69.84M $12.76M
% Of Pretax Income 46.37% 39.8%
Net Earnings $80.76M $19.31M
YoY Change 1.29% 1.62%
Net Earnings / Revenue 4.71% 4.8%
Basic Earnings Per Share $2.40 $0.55
Diluted Earnings Per Share $2.33 $0.54
COMMON SHARES
Basic Shares Outstanding 33.67M shares 32.61M shares 34.88M shares
Diluted Shares Outstanding 34.64M shares 35.88M shares

Balance Sheet

Concept 2015 2014 Q4 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.1M $200.0M
YoY Change -48.89% 68.07%
Cash & Equivalents $177.1M $199.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $669.2M $870.0M
Prepaid Expenses
Receivables $131.9M $109.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $978.2M $1.179B
YoY Change -20.41% 6.89%
LONG-TERM ASSETS
Property, Plant & Equipment $288.8M $254.0M
YoY Change 95.93% -0.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $71.50M $86.00M
YoY Change -34.94% 86.96%
Total Long-Term Assets $1.422B $1.453B
YoY Change 9.21% -0.89%
TOTAL ASSETS
Total Short-Term Assets $978.2M $1.179B
Total Long-Term Assets $1.422B $1.453B
Total Assets $2.400B $2.632B
YoY Change -5.17% 2.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $139.1M $129.0M
YoY Change 21.91% 59.26%
Accrued Expenses $269.1M $267.0M
YoY Change 3.9% 10.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $443.5M $415.0M
YoY Change 7.67% 20.99%
LONG-TERM LIABILITIES
Long-Term Debt $717.8M $718.0M
YoY Change -3.24% -1.1%
Other Long-Term Liabilities $153.1M $230.0M
YoY Change -29.84% -20.69%
Total Long-Term Liabilities $870.9M $948.0M
YoY Change -9.28% -6.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $443.5M $415.0M
Total Long-Term Liabilities $870.9M $948.0M
Total Liabilities $1.424B $1.423B
YoY Change -1.89% 1.57%
SHAREHOLDERS EQUITY
Retained Earnings $82.00M
YoY Change 156.25%
Common Stock $1.130B
YoY Change 1.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $26.00M
YoY Change
Treasury Stock Shares 505.0K shares
Shareholders Equity $976.3M $1.209B
YoY Change
Total Liabilities & Shareholders Equity $2.400B $2.632B
YoY Change -5.17% 2.45%

Cashflow Statement

Concept 2015 2014 Q4 2014 Q1
OPERATING ACTIVITIES
Net Income $80.76M $19.31M
YoY Change 1.29% 1.62%
Depreciation, Depletion And Amortization $18.68M $4.658M
YoY Change -17.32% -22.37%
Cash From Operating Activities $291.0M $48.00M
YoY Change 79.63% -536.36%
INVESTING ACTIVITIES
Capital Expenditures $15.20M $1.056M
YoY Change -30.83% -64.8%
Acquisitions
YoY Change
Other Investing Activities -$27.00M -$21.00M
YoY Change -146.55% -184.0%
Cash From Investing Activities $43.00M $33.00M
YoY Change -219.44% 50.0%
FINANCING ACTIVITIES
Cash Dividend Paid $8.179M
YoY Change
Common Stock Issuance & Retirement, Net $203.6M $37.44M
YoY Change 694.27%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -185.0M -122.0M
YoY Change 537.93% -2540.0%
NET CHANGE
Cash From Operating Activities 291.0M 48.00M
Cash From Investing Activities 43.00M 33.00M
Cash From Financing Activities -185.0M -122.0M
Net Change In Cash 149.0M -41.00M
YoY Change 53.61% -356.25%
FREE CASH FLOW
Cash From Operating Activities $291.0M $48.00M
Capital Expenditures $15.20M $1.056M
Free Cash Flow $275.8M $46.94M
YoY Change 96.97% -435.31%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
147000000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
1139000000
CY2012Q4 us-gaap Significant Acquisitions And Disposals Gain Loss On Sale Or Disposal Pretax
SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax
8000000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
103000000
CY2012Q4 us-gaap Significant Acquisitions And Disposals Acquisition Costs Or Sale Proceeds
SignificantAcquisitionsAndDisposalsAcquisitionCostsOrSaleProceeds
34000000
CY2012Q4 vac Significant Acquisitions And Disposals Acquisition Liabilities Transferred
SignificantAcquisitionsAndDisposalsAcquisitionLiabilitiesTransferred
29000000
CY2012Q4 vac Significant Acquisitions And Disposal Deposits
SignificantAcquisitionsAndDisposalDeposits
11000000
CY2012Q4 vac Significant Acquisitions And Disposals Cash Paid Into Escrow
SignificantAcquisitionsAndDisposalsCashPaidIntoEscrow
7000000
CY2012Q4 vac Significant Acquisitions And Disposals Purchase Price
SignificantAcquisitionsAndDisposalsPurchasePrice
18000000
CY2012Q4 vac Non Defaulted Notes Receivable Repurchased
NonDefaultedNotesReceivableRepurchased
86000000
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
32141788 shares
CY2014Q2 dei Entity Public Float
EntityPublicFloat
1665789460
CY2013Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
3500000 shares
CY2014Q4 vac Stock Repurchase Program Number Of Additional Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfAdditionalSharesAuthorizedToBeRepurchased
3400000 shares
CY2011Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
171000000
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1131000000
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2000000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
110000000
CY2014Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35637765 shares
CY2014Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35132742 shares
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
505023 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
57000000
CY2014Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
342000000
CY2014Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
185000000
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2014Q1 us-gaap Other Liabilities
OtherLiabilities
31000000
CY2014Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
20000000
CY2014Q1 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
48000000
CY2014Q1 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
28000000
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
0
CY2014Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q1 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
1000000
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
23000000
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
82000000
CY2014Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
82000000
CY2014Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1130000000
CY2014Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
129000000
CY2014Q1 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
134000000
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
1209000000
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2632000000
CY2014Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
213000000
CY2014Q1 us-gaap Deferred Tax Liabilities Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
-26000000
CY2014Q1 us-gaap Liabilities
Liabilities
1423000000
CY2014Q1 us-gaap Deferred Revenue
DeferredRevenue
19000000
CY2014Q1 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
40000000
CY2014Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
60000000
CY2014Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
37000000
CY2014Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
678000000
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
200000000
CY2014Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
11000000
CY2014Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0
CY2014Q1 us-gaap Land
Land
144000000
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
254000000
CY2014Q1 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
35000000
CY2014Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
86000000
CY2014Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
204000000
CY2014Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
28000000
CY2014Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
77000000
CY2014Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
369000000
CY2014Q1 us-gaap Notes Receivable Net
NotesReceivableNet
970000000
CY2014Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
111000000
CY2014Q1 us-gaap Other Assets
OtherAssets
143000000
CY2014Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
596000000
CY2014Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
50000000
CY2014Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
56000000
CY2014Q1 us-gaap Assets
Assets
2632000000
CY2014Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
153000000
CY2014Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
13000000
CY2014Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
993000000
CY2014Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
151000000
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
26000000
CY2014Q1 vac Deferred Tax Liabilities Rewards Loyalty Program
DeferredTaxLiabilitiesRewardsLoyaltyProgram
15000000
CY2014Q1 vac Accounts And Contracts Receivable Net
AccountsAndContractsReceivableNet
109000000
CY2014Q1 vac Deferred Tax Deferred Vacation Ownership Interests Sales
DeferredTaxDeferredVacationOwnershipInterestsSales
109000000
CY2014Q1 vac Liability For Rewards Loyalty Program Current And Noncurrent
LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent
114000000
CY2014Q1 vac Information Technology Assets Gross
InformationTechnologyAssetsGross
181000000
CY2014Q1 vac Financing Receivable Recorded Investment Greater Than One Hundred Fifty Days Past Due
FinancingReceivableRecordedInvestmentGreaterThanOneHundredFiftyDaysPastDue
62000000
CY2014Q1 vac Significant Acquisitions And Disposals Purchase Price
SignificantAcquisitionsAndDisposalsPurchasePrice
2000000
CY2014Q1 vac Non Defaulted Notes Receivable Repurchased
NonDefaultedNotesReceivableRepurchased
69000000
CY2014Q1 vac Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
-3000000
CY2014Q1 vac Financing Receivable Recorded Investment Ninety One To One Hundred Fifty Days Past Due
FinancingReceivableRecordedInvestmentNinetyOneToOneHundredFiftyDaysPastDue
15000000
CY2014Q1 vac Financing Receivable Recorded Investment Thirty One To Ninety Days Past Due
FinancingReceivableRecordedInvestmentThirtyOneToNinetyDaysPastDue
34000000
CY2014Q1 vac Financing Receivable Recorded Investment Before Reserves
FinancingReceivableRecordedInvestmentBeforeReserves
1104000000
CY2014Q1 vac Notes Receivable Estimated Average Default Rates
NotesReceivableEstimatedAverageDefaultRates
0.0713 pure
CY2014Q1 vac Inventory Land And Infrastructure
InventoryLandAndInfrastructure
344000000
CY2014Q1 vac Inventory Timeshare
InventoryTimeshare
870000000
CY2014Q1 vac Inventory Timeshare Gross
InventoryTimeshareGross
864000000
CY2014Q1 vac Operating Supplies And Inventories
OperatingSuppliesAndInventories
6000000
CY2014Q1 vac Accruals For Customer Rewards
AccrualsForCustomerRewards
53000000
CY2015Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
36089513 shares
CY2015Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32092788 shares
CY2015Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2015Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
12000000
CY2015Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
3000000 shares
CY2015Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
3996725 shares
CY2015Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2015Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
709000000
CY2015Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
262000000
CY2015Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
50000000
CY2015Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
326000000
CY2015Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
166000000
CY2015Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2015Q1 us-gaap Other Liabilities
OtherLiabilities
27000000
CY2015Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
26000000
CY2015Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
80000000
CY2015Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
9000000
CY2015Q1 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
60000000
CY2015Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1000000
CY2015Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3000000
CY2015Q1 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
24000000
CY2015Q1 us-gaap Common Stock Value
CommonStockValue
0
CY2015Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2015Q1 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
1000000
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
17000000
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
155000000
CY2015Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
8000000
CY2015Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
72000000
CY2015Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
93000000
CY2015Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1137000000
CY2015Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
114000000
CY2015Q1 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
119000000
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
1080000000
CY2015Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
78000000
CY2015Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
7000000
CY2015Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
11000000
CY2015Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
72000000
CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2540000000
CY2015Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
246000000
CY2015Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
116000000
CY2015Q1 us-gaap Deferred Tax Liabilities Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
-35000000
CY2015Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1000000
CY2015Q1 us-gaap Deferred Revenue
DeferredRevenue
39000000
CY2015Q1 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
40000000
CY2015Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
14000000
CY2015Q1 us-gaap Minority Interest
MinorityInterest
0
CY2015Q1 us-gaap Liabilities
Liabilities
1460000000
CY2015Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
109000000
CY2015Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
79000000
CY2015Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
42000000
CY2015Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
711000000
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
347000000
CY2015Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
12000000
CY2015Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0
CY2015Q1 us-gaap Land
Land
64000000
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
147000000
CY2015Q1 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
29000000
CY2015Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
110000000
CY2015Q1 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Future Years
TimeSharingTransactionsMaturitiesOfNotesReceivableFutureYears
313000000
CY2015Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
168000000
CY2015Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
39000000
CY2015Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
67000000
CY2015Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
413000000
CY2015Q1 us-gaap Notes Receivable Net
NotesReceivableNet
917000000
CY2015Q1 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Year One
TimeSharingTransactionsMaturitiesOfNotesReceivableYearOne
159000000
CY2015Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
98000000
CY2015Q1 us-gaap Other Assets
OtherAssets
136000000
CY2015Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
473000000
CY2015Q1 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Year Three
TimeSharingTransactionsMaturitiesOfNotesReceivableYearThree
122000000
CY2015Q1 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Year Two
TimeSharingTransactionsMaturitiesOfNotesReceivableYearTwo
134000000
CY2015Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
44000000
CY2015Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
48000000
CY2015Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
791000000
CY2015Q1 us-gaap Assets
Assets
2540000000
CY2015Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
167000000
CY2015Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
12000000
CY2015Q1 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Year Four
TimeSharingTransactionsMaturitiesOfNotesReceivableYearFour
101000000
CY2015Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
938000000
CY2015Q1 us-gaap Treasury Stock Value
TreasuryStockValue
229000000
CY2015Q1 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Net
TimeSharingTransactionsMaturitiesOfNotesReceivableNet
917000000
CY2015Q1 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Year Five
TimeSharingTransactionsMaturitiesOfNotesReceivableYearFive
88000000
CY2015Q1 vac Deferred Tax Liabilities Rewards Loyalty Program
DeferredTaxLiabilitiesRewardsLoyaltyProgram
17000000
CY2015Q1 vac Result Of Increase In Estimated Default Rate
ResultOfIncreaseInEstimatedDefaultRate
0.005 pure
CY2015Q1 vac Accounts And Contracts Receivable Net
AccountsAndContractsReceivableNet
110000000
CY2015Q1 vac Number Of Consolidated Notes Receivable Pools Outstanding
NumberOfConsolidatedNotesReceivablePoolsOutstanding
8 Loan
CY2015Q1 vac Surety Bonds
SuretyBonds
76000000
CY2015Q1 vac Deferred Tax Deferred Vacation Ownership Interests Sales
DeferredTaxDeferredVacationOwnershipInterestsSales
160000000
CY2015Q1 vac Liability For Rewards Loyalty Program Current And Noncurrent
LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent
89000000
CY2015Q1 vac Information Technology Assets Gross
InformationTechnologyAssetsGross
181000000
CY2015Q1 vac Financing Receivable Recorded Investment Greater Than One Hundred Fifty Days Past Due
FinancingReceivableRecordedInvestmentGreaterThanOneHundredFiftyDaysPastDue
54000000
CY2015Q1 vac Non Defaulted Notes Receivable Repurchased
NonDefaultedNotesReceivableRepurchased
31000000
CY2015Q1 vac Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
-29000000
CY2015Q1 vac Financing Receivable Recorded Investment Ninety One To One Hundred Fifty Days Past Due
FinancingReceivableRecordedInvestmentNinetyOneToOneHundredFiftyDaysPastDue
13000000
CY2015Q1 vac Commitments To Subsidize Associations
CommitmentsToSubsidizeAssociations
5000000
CY2015Q1 vac Financing Receivable Recorded Investment Thirty One To Ninety Days Past Due
FinancingReceivableRecordedInvestmentThirtyOneToNinetyDaysPastDue
31000000
CY2015Q1 vac Financing Receivable Recorded Investment Before Reserves
FinancingReceivableRecordedInvestmentBeforeReserves
1036000000
CY2015Q1 vac Number Of Properties
NumberOfProperties
58 Property
CY2015Q1 vac Notes Receivable Estimated Average Default Rates
NotesReceivableEstimatedAverageDefaultRates
0.0695 pure
CY2015Q1 vac Notes Receivable Range Of Stated Interest Rates Maximum
NotesReceivableRangeOfStatedInterestRatesMaximum
0.195 pure
CY2015Q1 vac Inventory Land And Infrastructure
InventoryLandAndInfrastructure
355000000
CY2015Q1 vac Notes Receivable Weighted Average Interest Rate
NotesReceivableWeightedAverageInterestRate
0.125 pure
CY2015Q1 vac Inventory Timeshare
InventoryTimeshare
773000000
CY2015Q1 vac Inventory Timeshare Gross
InventoryTimeshareGross
768000000
CY2015Q1 vac Notes Receivable Range Of Stated Interest Rates Minimum
NotesReceivableRangeOfStatedInterestRatesMinimum
0.000 pure
CY2015Q1 vac Operating Supplies And Inventories
OperatingSuppliesAndInventories
5000000
CY2015Q1 vac Accruals For Customer Rewards
AccrualsForCustomerRewards
43000000
CY2015Q1 vac Variable Interest Entity Reporting Entity Involvement Maximum Loss Exposure Additional Aggregate Amount That Could Be Required
VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAdditionalAggregateAmountThatCouldBeRequired
20000000
CY2015Q1 vac Pre Spin Off Adjustment Increase Decrease Additional Paid In Capital
PreSpinOffAdjustmentIncreaseDecreaseAdditionalPaidInCapital
-1000000
CY2012Q4 us-gaap Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
2 Plaintiff
CY2013Q1 us-gaap Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
12 Plaintiff
CY2014Q2 vac Values Of Vacation Ownership Notes Receivable That Were Securitized During The Period
ValuesOfVacationOwnershipNotesReceivableThatWereSecuritizedDuringThePeriod
24000000
CY2014Q3 vac Payments For Future Treasury Stock Purchases Accelerated Stock Repurchase Program
PaymentsForFutureTreasuryStockPurchasesAcceleratedStockRepurchaseProgram
25000000
CY2014Q4 vac Values Of Vacation Ownership Notes Receivable That Were Securitized During The Period
ValuesOfVacationOwnershipNotesReceivableThatWereSecuritizedDuringThePeriod
250000000
CY2014Q4 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2016-03-26
CY2014Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2014Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2014-10-28
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.8008 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0726 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
163000000
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0463 pure
CY2012 us-gaap Loss Contingency Claims Settled Number
LossContingencyClaimsSettledNumber
2 LegalMatter
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.1705 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0541 pure
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36200000 shares
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.1073 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500 pure
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34400000 shares
CY2012 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
411000000
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2000000
CY2012 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
-311000000
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-12000000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-13000000
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2000000
CY2012 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-21000000
CY2012 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
15000000
CY2012 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
67000000
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-23000000
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-66000000
CY2012 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
3000000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31000000
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
8000000
CY2012 us-gaap Financial Services Revenue
FinancialServicesRevenue
151000000
CY2012 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
1000000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9000000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
20000000
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
68000000
CY2012 us-gaap Time Share Revenue
TimeShareRevenue
618000000
CY2012 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
4000000
CY2012 us-gaap Reimbursement Revenue
ReimbursementRevenue
362000000
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7000000
CY2012 us-gaap Interest Paid Net
InterestPaidNet
48000000
CY2012 us-gaap Revenues
Revenues
1639000000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17000000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
7000000
CY2012 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
9000000
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1000000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
44000000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-50000000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1000000
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4000000
CY2012 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
27000000
CY2012 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
329000000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
2000000
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7000000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-6000000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3000000
CY2012 us-gaap Financial Services Costs
FinancialServicesCosts
26000000
CY2012 us-gaap Increase Decrease In Customer Loyalty Program Liability
IncreaseDecreaseInCustomerLoyaltyProgramLiability
-64000000
CY2012 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
42000000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-7000000
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1000000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24000000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3000000
CY2012 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
10000000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15000000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9000000
CY2012 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
66000000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
61000000
CY2012 us-gaap Cost Of Reimbursable Expense
CostOfReimbursableExpense
362000000
CY2012 us-gaap Depreciation
Depreciation
30000000
CY2012 us-gaap Interest Expense Other
InterestExpenseOther
17000000
CY2012 us-gaap Pension Expense
PensionExpense
5000000
CY2012 us-gaap Royalty Expense
RoyaltyExpense
61000000
CY2012 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-172000000
CY2012 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
8000000
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9000000
CY2012 us-gaap Advertising Expense
AdvertisingExpense
2000000
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4000000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
74000000
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
1603000000
CY2012 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-2000000
CY2012 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1000000
CY2012 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
238000000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
86000000
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
27000000
CY2012 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
-262000000
CY2012 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
5000000
CY2012 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15000000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
12000000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-43000000
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-5000000
CY2012 vac Organizational And Separation Related Charges
OrganizationalAndSeparationRelatedCharges
16000000
CY2012 vac Income Tax Holiday Tax Savings
IncomeTaxHolidayTaxSavings
3000000
CY2012 vac Period End Date
PeriodEndDate
2012-12-28
CY2012 vac Resort Management And Other Services Revenue
ResortManagementAndOtherServicesRevenue
283000000
CY2012 vac Vacation Time Share Product Costs
VacationTimeShareProductCosts
203000000
CY2012 vac Consumer Financing Interest Expense
ConsumerFinancingInterestExpense
41000000
CY2012 vac Resort Management And Other Services Expenses
ResortManagementAndOtherServicesExpenses
213000000
CY2012 vac Payments To Acquire Property Plant And Equipment And Inventory
PaymentsToAcquirePropertyPlantAndEquipmentAndInventory
138000000
CY2012 vac Changes In Estimate For Marriott Rewards Customer Loyalty Program Liability
ChangesInEstimateForMarriottRewardsCustomerLoyaltyProgramLiability
9000000
CY2012 vac Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
800000 shares
CY2012 vac Capitalized Salaries And Related Costs
CapitalizedSalariesAndRelatedCosts
8000000
CY2012 vac Interest On Notes Receivable
InterestOnNotesReceivable
145000000
CY2012 vac Litigation Settlement
LitigationSettlement
41000000
CY2012 vac Significant Acquisitions And Disposals Acquisition Cash Proceeds
SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds
5000000
CY2012 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
30000000
CY2012 vac Employee Service Share Based Compensation Tax Benefit From Compensation Expense Or Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseOrRealizedFromExerciseOfStockOptions
3000000
CY2012 vac Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
1000000 shares
CY2012 vac Defaulted Mortgage Loans Repurchased
DefaultedMortgageLoansRepurchased
39000000
CY2012 vac Noncash Income Tax Expense Benefit
NoncashIncomeTaxExpenseBenefit
-47000000
CY2012 vac Rental Revenue
RentalRevenue
225000000
CY2012 vac Rental Expenses
RentalExpenses
225000000
CY2012 vac Impairment Reversal On Equity Investment
ImpairmentReversalOnEquityInvestment
2000000
CY2012 vac Impairment Charges Reversals On Equity Investment
ImpairmentChargesReversalsOnEquityInvestment
2000000
CY2012 vac Number Of Weeks In Fiscal Year
NumberOfWeeksInFiscalYear
52 weeks
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.33
CY2015 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <i>Multiple-Element Transactions</i></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:10pt; font-family:Times New Roman"> From time to time, we enter into transactions involving multiple elements. We analyze contracts with multiple elements under the accounting guidance for revenue recognition in multiple-element arrangements. If we enter into transactions for the sale of multiple products or services, we evaluate whether the delivered elements have value to the customer on a stand-alone basis, and whether there is objective and reliable evidence of fair value for each undelivered element in the transaction. If these criteria are met, then we account for each deliverable in the transaction separately. We generally recognize revenue for undelivered elements on a straight-line basis over the contractual performance period for time-based elements or upon delivery to the customer. If we are unable to determine the fair value of one or more undelivered elements in the transaction, we recognize the revenue on a straight-line basis over the period in which the last deliverable is provided to the customer.</p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:5%; font-size:10pt; font-family:Times New Roman"> Multiple-element transactions require judgment to determine the selling price or fair value of the different elements. The judgments impact the amount of revenue and expenses recognized over the term of the contract, as well as the period in which they are recognized.</p> </div>
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Entity Registrant Name
EntityRegistrantName
MARRIOTT VACATIONS WORLDWIDE Corp
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015 dei Trading Symbol
TradingSymbol
VAC
CY2015 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <i>Valuation of Property and Equipment</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 5%"> Property and equipment includes our sales centers, golf courses, information technology and other assets used in the normal course of business, as well as undeveloped and partially developed land parcels that are not part of an approved development plan and do not meet the criteria to be classified as held for sale. We test long-lived asset groups for recoverability when changes in circumstances indicate the carrying value may not be recoverable, for example, when there are material adverse changes in projected revenues or expenses, significant underperformance relative to historical or projected operating results, or significant negative industry or economic trends. We evaluate recoverability of an asset group by comparing its carrying value to the future net undiscounted cash flows that we expect will be generated by the asset group. If the comparison indicates that the carrying value of an asset group is not recoverable, we recognize an impairment loss for the excess of carrying value over the estimated fair value. When we recognize an impairment loss for assets to be held and used, we depreciate the adjusted carrying amount of those assets over their remaining useful life.</p> </div>
CY2015 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.4637 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0627 pure
CY2015 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2015 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
We have joined in the Marriott International U.S. federal tax consolidated filing for periods up to the date of the Spin-Off. The IRS has examined Marriott International's federal income tax returns, and it has settled all issues related to the timeshare business for the tax years through the Spin-Off.
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
291000000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0296 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0184 pure
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-01-02
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0179 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0017 pure
CY2015 dei Amendment Flag
AmendmentFlag
false
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--01-02
CY2015 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34600000 shares
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.40
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.0018 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0001524358
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500 pure
CY2015 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
8000000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5510 pure
CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2015 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33700000 shares
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000
CY2015 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
230000000
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-6000000
CY2015 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
-287000000
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
24000000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-28000000
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-7000000
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
8000000
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6000000
CY2015 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-4000000
CY2015 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
74000000
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-9000000
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-82000000
CY2015 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
1000000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
151000000
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
5000000
CY2015 us-gaap Financial Services Revenue
FinancialServicesRevenue
129000000
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
75000000
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
12000000
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
65000000
CY2015 us-gaap Time Share Revenue
TimeShareRevenue
648000000
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3000000
CY2015 us-gaap Advertising Expense
AdvertisingExpense
2000000
CY2015 us-gaap Reimbursement Revenue
ReimbursementRevenue
397000000
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
203000000
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7000000
CY2015 us-gaap Interest Paid Net
InterestPaidNet
31000000
CY2015 us-gaap Revenues
Revenues
1736000000
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15000000
CY2015 us-gaap Net Income Loss
NetIncomeLoss
81000000
CY2015 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
5000000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
179000000
CY2015 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1000000
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
18000000
CY2015 us-gaap Dividends
Dividends
8000000
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2000000
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
18000000
CY2015 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
9000000
CY2015 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
315000000
CY2015 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5000000
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1000000
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5000000
CY2015 us-gaap Financial Services Costs
FinancialServicesCosts
24000000
CY2015 us-gaap Increase Decrease In Customer Loyalty Program Liability
IncreaseDecreaseInCustomerLoyaltyProgramLiability
-25000000
CY2015 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
24000000
CY2015 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
30000000
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
203000000
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
147000000
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
3000000
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70000000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
43000000
CY2015 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
7000000
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
12000000
CY2015 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
45000000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
43000000
CY2015 us-gaap Cost Of Reimbursable Expense
CostOfReimbursableExpense
397000000
CY2015 us-gaap Depreciation
Depreciation
19000000
CY2015 us-gaap Interest Expense Other
InterestExpenseOther
12000000
CY2015 us-gaap Pension Expense
PensionExpense
7000000
CY2015 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
8000000
CY2015 us-gaap Royalty Expense
RoyaltyExpense
60000000
CY2015 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9000000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-185000000
CY2015 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
82000000
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
52000000
CY2015 us-gaap Costs And Expenses
CostsAndExpenses
1578000000
CY2015 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
5000000
CY2015 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
2000000
CY2015 vac Financing Receivable Allowance For Credit Losses That Would Have Been Increased
FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased
5000000
CY2015 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
263000000
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
99000000
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-11000000
CY2015 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
-268000000
CY2015 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
5000000
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
13000000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
16000000
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3000000
CY2015 vac Organizational And Separation Related Charges
OrganizationalAndSeparationRelatedCharges
3000000
CY2015 vac Income Tax Holiday Termination Year
IncomeTaxHolidayTerminationYear
2034
CY2015 vac Income Tax Holiday Tax Savings
IncomeTaxHolidayTaxSavings
3000000
CY2015 vac Number Of Notes Receivable Pools Under Performance Triggers
NumberOfNotesReceivablePoolsUnderPerformanceTriggers
0 Loan
CY2015 vac Period End Date
PeriodEndDate
2015-01-02
CY2015 vac Resort Management And Other Services Revenue
ResortManagementAndOtherServicesRevenue
298000000
CY2015 vac Vacation Time Share Product Costs
VacationTimeShareProductCosts
197000000
CY2015 vac Capitalized Organizational And Separation Related Costs
CapitalizedOrganizationalAndSeparationRelatedCosts
3000000
CY2015 vac Increase Decrease In Deferred Tax Liabilities
IncreaseDecreaseInDeferredTaxLiabilities
4000000
CY2015 vac Past Due Loan Suspend Accrual Of Interest Period
PastDueLoanSuspendAccrualOfInterestPeriod
P90D
CY2015 vac Past Due Period
PastDuePeriod
P30D
CY2015 vac Consumer Financing Interest Expense
ConsumerFinancingInterestExpense
26000000
CY2015 vac Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividends Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendsPerShare
0
CY2015 vac Resort Management And Other Services Expenses
ResortManagementAndOtherServicesExpenses
199000000
CY2015 vac Percentage Of Assets Liabilities Revenues Expenses And Cash Flows Consolidated And Discussed
PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed
1.00 pure
CY2015 vac Payments To Acquire Property Plant And Equipment And Inventory
PaymentsToAcquirePropertyPlantAndEquipmentAndInventory
113000000
CY2015 vac Changes In Estimate For Marriott Rewards Customer Loyalty Program Liability
ChangesInEstimateForMarriottRewardsCustomerLoyaltyProgramLiability
6000000
CY2015 vac Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
400000 shares
CY2015 vac Capitalized Salaries And Related Costs
CapitalizedSalariesAndRelatedCosts
5000000
CY2015 vac Financing Receivable Term
FinancingReceivableTerm
P10Y
CY2015 vac Number Of Sources Of Revenues
NumberOfSourcesOfRevenues
4 Line
CY2015 vac Interest On Notes Receivable
InterestOnNotesReceivable
123000000
CY2015 vac Litigation Settlement
LitigationSettlement
19000000
CY2015 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
7000000
CY2015 vac Loan Payments Delinquency Period Beyond Which Loan Is Considered Defaulted
LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted
P150D
CY2015 vac Accrued Liability For Customer Rewards Maturity Term
AccruedLiabilityForCustomerRewardsMaturityTerm
P120D
CY2015 vac Number Of Transactions During Period
NumberOfTransactionsDuringPeriod
2 Transactions
CY2015 vac Employee Service Share Based Compensation Tax Benefit From Compensation Expense Or Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseOrRealizedFromExerciseOfStockOptions
5000000
CY2015 vac Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
500000 shares
CY2015 vac Defaulted Mortgage Loans Repurchased
DefaultedMortgageLoansRepurchased
25000000
CY2015 vac Noncash Income Tax Expense Benefit
NoncashIncomeTaxExpenseBenefit
19000000
CY2015 vac Rental Revenue
RentalRevenue
264000000
CY2015 vac Rental Expenses
RentalExpenses
238000000
CY2015 vac Number Of Weeks In Fiscal Year
NumberOfWeeksInFiscalYear
52 weeks
CY2015 vac Rewards Payment Period Year End
RewardsPaymentPeriodYearEnd
P120D
CY2015 vac Rewards Payment Period General
RewardsPaymentPeriodGeneral
P30D
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.18
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3923 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0097 pure
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
162000000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0348 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0102 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0182 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0228 pure
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36600000 shares
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.25
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.0024 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5755 pure
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35400000 shares
CY2014 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
361000000
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2000000
CY2014 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
-310000000
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
17000000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
6000000
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2000000
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000
CY2014 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
25000000
CY2014 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
70000000
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7000000
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-34000000
CY2014 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
8000000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
131000000
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1000000
CY2014 us-gaap Financial Services Revenue
FinancialServicesRevenue
141000000
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
82000000
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
14000000
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
29000000
CY2014 us-gaap Time Share Revenue
TimeShareRevenue
672000000
CY2014 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
5000000
CY2014 us-gaap Reimbursement Revenue
ReimbursementRevenue
385000000
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26000000
CY2014 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5000000
CY2014 us-gaap Interest Paid Net
InterestPaidNet
37000000
CY2014 us-gaap Revenues
Revenues
1750000000
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22000000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
80000000
CY2014 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1000000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
125000000
CY2014 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1000000
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7000000
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-13000000
CY2014 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
316000000
CY2014 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6000000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1000000
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3000000
CY2014 us-gaap Financial Services Costs
FinancialServicesCosts
25000000
CY2014 us-gaap Increase Decrease In Customer Loyalty Program Liability
IncreaseDecreaseInCustomerLoyaltyProgramLiability
-45000000
CY2014 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
36000000
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
26000000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
97000000
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1000000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51000000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36000000
CY2014 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
9000000
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
14000000
CY2014 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
49000000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
37000000
CY2014 us-gaap Cost Of Reimbursable Expense
CostOfReimbursableExpense
385000000
CY2014 us-gaap Depreciation
Depreciation
23000000
CY2014 us-gaap Interest Expense Other
InterestExpenseOther
13000000
CY2014 us-gaap Pension Expense
PensionExpense
6000000
CY2014 us-gaap Royalty Expense
RoyaltyExpense
62000000
CY2014 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5000000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29000000
CY2014 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
3000000
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4000000
CY2014 us-gaap Advertising Expense
AdvertisingExpense
2000000
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2000000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
44000000
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
1606000000
CY2014 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-8000000
CY2014 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
2000000
CY2014 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
361000000
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
99000000
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-16000000
CY2014 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
-260000000
CY2014 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
5000000
CY2014 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
25000000
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
12000000
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5000000
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3000000
CY2014 vac Organizational And Separation Related Charges
OrganizationalAndSeparationRelatedCharges
12000000
CY2014 vac Income Tax Holiday Tax Savings
IncomeTaxHolidayTaxSavings
2000000
CY2014 vac Number Of Notes Receivable Pools Under Performance Triggers
NumberOfNotesReceivablePoolsUnderPerformanceTriggers
0 Loan
CY2014 vac Period End Date
PeriodEndDate
2014-01-03
CY2014 vac Resort Management And Other Services Revenue
ResortManagementAndOtherServicesRevenue
290000000
CY2014 vac Vacation Time Share Product Costs
VacationTimeShareProductCosts
214000000
CY2014 vac Capitalized Organizational And Separation Related Costs
CapitalizedOrganizationalAndSeparationRelatedCosts
7000000
CY2014 vac Financing Receivable Allowance For Credit Losses That Would Have Been Increased
FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased
5000000
CY2014 vac Consumer Financing Interest Expense
ConsumerFinancingInterestExpense
31000000
CY2014 vac Resort Management And Other Services Expenses
ResortManagementAndOtherServicesExpenses
206000000
CY2014 vac Payments To Acquire Property Plant And Equipment And Inventory
PaymentsToAcquirePropertyPlantAndEquipmentAndInventory
188000000
CY2014 vac Changes In Estimate For Marriott Rewards Customer Loyalty Program Liability
ChangesInEstimateForMarriottRewardsCustomerLoyaltyProgramLiability
5000000
CY2014 vac Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
500000 shares
CY2014 vac Capitalized Salaries And Related Costs
CapitalizedSalariesAndRelatedCosts
7000000
CY2014 vac Interest On Notes Receivable
InterestOnNotesReceivable
135000000
CY2014 vac Litigation Settlement
LitigationSettlement
4000000
CY2014 vac Reversal Of Litigation Charge
ReversalOfLitigationCharge
1000000
CY2014 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
18000000
CY2014 vac Employee Service Share Based Compensation Tax Benefit From Compensation Expense Or Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseOrRealizedFromExerciseOfStockOptions
3000000
CY2014 vac Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
700000 shares
CY2014 vac Defaulted Mortgage Loans Repurchased
DefaultedMortgageLoansRepurchased
27000000
CY2014 vac Noncash Income Tax Expense Benefit
NoncashIncomeTaxExpenseBenefit
18000000
CY2014 vac Rental Revenue
RentalRevenue
262000000
CY2014 vac Rental Expenses
RentalExpenses
251000000
CY2014 vac Impairment Reversal On Equity Investment
ImpairmentReversalOnEquityInvestment
-1000000
CY2014 vac Impairment Charges Reversals On Equity Investment
ImpairmentChargesReversalsOnEquityInvestment
-1000000
CY2014 vac Number Of Weeks In Fiscal Year
NumberOfWeeksInFiscalYear
53 weeks
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2013Q1 us-gaap Revenues
Revenues
390000000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
19000000
CY2013Q1 us-gaap Costs And Expenses
CostsAndExpenses
358000000
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2014Q1 us-gaap Revenues
Revenues
402000000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
19000000
CY2014Q1 us-gaap Costs And Expenses
CostsAndExpenses
367000000
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.87
CY2013Q2 us-gaap Revenues
Revenues
421000000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
30000000
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
373000000
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.03
CY2014Q2 us-gaap Revenues
Revenues
410000000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
36000000
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
352000000
CY2014Q2 vac Number Of Residential Owners Provided Full Release
NumberOfResidentialOwnersProvidedFullRelease
2 Plaintiff
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
CY2013Q3 us-gaap Revenues
Revenues
412000000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
25000000
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
370000000
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
CY2014Q3 us-gaap Revenues
Revenues
413000000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
25000000
CY2014Q3 us-gaap Costs And Expenses
CostsAndExpenses
367000000
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2015Q1 us-gaap Revenues
Revenues
511000000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
1000000
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
492000000
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2014Q1 us-gaap Revenues
Revenues
527000000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
6000000
CY2014Q1 us-gaap Costs And Expenses
CostsAndExpenses
505000000

Files In Submission

Name View Source Status
0001193125-15-064836-index-headers.html Edgar Link pending
0001193125-15-064836-index.html Edgar Link pending
0001193125-15-064836.txt Edgar Link pending
0001193125-15-064836-xbrl.zip Edgar Link pending
d843780d10k.htm Edgar Link pending
d843780dex1021.htm Edgar Link pending
d843780dex1030.htm Edgar Link pending
d843780dex1031.htm Edgar Link pending
d843780dex1032.htm Edgar Link pending
d843780dex211.htm Edgar Link pending
d843780dex231.htm Edgar Link pending
d843780dex311.htm Edgar Link pending
d843780dex312.htm Edgar Link pending
d843780dex321.htm Edgar Link pending
d843780dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
g843780g16w75.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R100.htm Edgar Link pending
R101.htm Edgar Link pending
R102.htm Edgar Link pending
R103.htm Edgar Link pending
R104.htm Edgar Link pending
R105.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
R99.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vac-20150102.xml Edgar Link completed
vac-20150102.xsd Edgar Link pending
vac-20150102_cal.xml Edgar Link unprocessable
vac-20150102_def.xml Edgar Link unprocessable
vac-20150102_lab.xml Edgar Link unprocessable
vac-20150102_pre.xml Edgar Link unprocessable