2018 Q4 Form 10-K Financial Statement

#000152435819000008 Filed on March 01, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4 2017 Q3
Revenue $1.052B $562.0M $530.0M
YoY Change 87.19% -0.46% 9.5%
Cost Of Revenue $510.0M $291.0M $272.0M
YoY Change 75.26% 23.1% 53.85%
Gross Profit $542.0M $271.0M $258.0M
YoY Change 100.0% -17.43% 14.72%
Gross Profit Margin 51.52% 48.22% 48.68%
Selling, General & Admin $383.0M $195.0M $120.0M
YoY Change 96.41% -17.69% 18.61%
% of Gross Profit 70.66% 71.96% 46.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.00M $5.200M $5.600M
YoY Change 534.62% -14.75% 19.15%
% of Gross Profit 6.09% 1.92% 2.17%
Operating Expenses $416.0M $200.0M $120.0M
YoY Change 108.0% -15.61% 18.61%
Operating Profit $126.0M $71.00M $138.0M
YoY Change 77.46% -22.15% 11.53%
Interest Expense -$31.00M -$5.000M -$2.000M
YoY Change 520.0% -51.92% -11.58%
% of Operating Profit -24.6% -7.04% -1.45%
Other Income/Expense, Net $24.00M -$2.000M $6.977M
YoY Change -1300.0% 1436.78%
Pretax Income $107.0M $62.00M $63.13M
YoY Change 72.58% -23.17% 54.55%
Income Tax $43.00M $8.000M $23.00M
% Of Pretax Income 40.19% 12.9% 36.43%
Net Earnings $44.00M $119.0M $40.00M
YoY Change -63.03% 138.96% -2.44%
Net Earnings / Revenue 4.18% 21.17% 7.55%
Basic Earnings Per Share $0.92 $4.46 $1.49
Diluted Earnings Per Share $0.91 $4.35 $1.45
COMMON SHARES
Basic Shares Outstanding 47.04M shares 26.49M shares 27.10M shares
Diluted Shares Outstanding 27.70M shares

Balance Sheet

Concept 2018 Q4 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $239.0M $409.0M $440.1M
YoY Change -41.56% 178.04% 151.77%
Cash & Equivalents $231.0M $409.0M $440.1M
Short-Term Investments $8.000M
Other Short-Term Assets
YoY Change
Inventory $863.0M $398.0M $735.1M
Prepaid Expenses
Receivables $324.0M $92.00M $136.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.418B $899.0M $1.311B
YoY Change 57.73% -11.97% 28.07%
LONG-TERM ASSETS
Property, Plant & Equipment $951.0M $583.0M $253.7M
YoY Change 63.12% 187.19% 18.32%
Goodwill $2.828B $0.00
YoY Change
Intangibles $1.107B $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $383.0M $82.00M $61.70M
YoY Change 367.07% 24.24% -47.62%
Total Long-Term Assets $7.600B $1.946B $1.512B
YoY Change 290.54% 49.84% 10.97%
TOTAL ASSETS
Total Short-Term Assets $1.418B $899.0M $1.311B
Total Long-Term Assets $7.600B $1.946B $1.512B
Total Assets $9.018B $2.845B $2.823B
YoY Change 216.98% 22.63% 18.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $301.0M $145.0M $76.80M
YoY Change 107.59% 16.56% -2.78%
Accrued Expenses $456.0M $232.0M $225.3M
YoY Change 96.55% -4.53% -0.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $928.0M $446.0M $405.5M
YoY Change 108.07% -3.65% 15.13%
LONG-TERM LIABILITIES
Long-Term Debt $3.818B $1.095B $1.153B
YoY Change 248.68% 48.53% 36.67%
Other Long-Term Liabilities $488.0M $173.0M $145.8M
YoY Change 182.08% 28.82% -22.9%
Total Long-Term Liabilities $4.306B $1.268B $1.299B
YoY Change 239.59% 45.5% 25.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $928.0M $446.0M $405.5M
Total Long-Term Liabilities $4.306B $1.268B $1.299B
Total Liabilities $5.552B $1.804B $1.874B
YoY Change 207.76% 26.6% 23.45%
SHAREHOLDERS EQUITY
Retained Earnings $523.0M $529.0M $436.2M
YoY Change -1.13% 58.38% 42.54%
Common Stock $3.722B $1.189B $1.185B
YoY Change 213.04% 2.24% 3.69%
Preferred Stock
YoY Change
Treasury Stock (at cost) $790.0M $694.0M $689.1M
YoY Change 13.83% 14.33% 16.27%
Treasury Stock Shares 11.63M shares 10.40M shares 10.36M shares
Shareholders Equity $3.461B $1.041B $949.2M
YoY Change
Total Liabilities & Shareholders Equity $9.018B $2.845B $2.823B
YoY Change 216.98% 22.63% 18.31%

Cashflow Statement

Concept 2018 Q4 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $44.00M $119.0M $40.00M
YoY Change -63.03% 138.96% -2.44%
Depreciation, Depletion And Amortization $33.00M $5.200M $5.600M
YoY Change 534.62% -14.75% 19.15%
Cash From Operating Activities $30.00M $71.20M $56.70M
YoY Change -57.87% 40.99% -18.77%
INVESTING ACTIVITIES
Capital Expenditures -$23.00M -$4.800M -$9.900M
YoY Change 379.17% -61.29% 35.62%
Acquisitions
YoY Change
Other Investing Activities $39.00M $100.0K -$2.000M
YoY Change 38900.0% -80.0% 66.67%
Cash From Investing Activities $16.00M -$4.700M -$11.90M
YoY Change -440.43% -60.5% 40.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -238.0M -77.10M 312.0M
YoY Change 208.69% -33.88% 375.61%
NET CHANGE
Cash From Operating Activities 30.00M 71.20M 56.70M
Cash From Investing Activities 16.00M -4.700M -11.90M
Cash From Financing Activities -238.0M -77.10M 312.0M
Net Change In Cash -192.0M -10.60M 356.8M
YoY Change 1711.32% -86.41% 181.17%
FREE CASH FLOW
Cash From Operating Activities $30.00M $71.20M $56.70M
Capital Expenditures -$23.00M -$4.800M -$9.900M
Free Cash Flow $53.00M $76.00M $66.60M
YoY Change -30.26% 20.83% -13.62%

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<span style="font-weight:bold;">BASIS OF PRESENTATION</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><div style="line-height:120%;padding-top:8px;text-indent:49px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The consolidated financial statements present the results of operations, financial position and cash flows of Marriott Vacations Worldwide Corporation (referred to in this report as “we,” “us,” “Marriott Vacations Worldwide,” “MVW” or “the Company,” which includes our consolidated subsidiaries except where the context of the reference is to a single corporate entity). In order to make this report easier to read, we refer throughout to (i) our Consolidated Financial Statements as our “Financial Statements,” (ii) our Consolidated Statements of Income as our “Income Statements,” (iii) our Consolidated Balance Sheets as our “Balance Sheets,” and (iv) our Consolidated Statements of Cash Flows as our “Cash Flows.” In addition, references throughout to numbered “Footnotes” refer to the numbered Notes in these Notes to Consolidated Financial Statements, unless otherwise noted. We also refer to Marriott International, Inc. as “Marriott International” and Marriott International’s Marriott Bonvoy customer loyalty program, which replaced the Marriott Rewards, Starwood Preferred Guest</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> </sup></span><span style="font-family:inherit;font-size:10pt;">(“SPG”) and The Ritz-Carlton Rewards customer loyalty programs, as “Marriott Bonvoy.” We use certain other terms that are defined within these Financial Statements.</span></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Financial Statements presented herein and discussed below include </span><span style="font-family:inherit;font-size:10pt;"><span>100 percent</span></span><span style="font-family:inherit;font-size:10pt;"> of the assets, liabilities, revenues, expenses and cash flows of Marriott Vacations Worldwide, all entities in which Marriott Vacations Worldwide has a controlling voting interest (“subsidiaries”), and those variable interest entities for which Marriott Vacations Worldwide is the primary beneficiary in accordance with consolidation accounting guidance. References in these Financial Statements to net income attributable to common shareholders and MVW shareholders’ equity do not include noncontrolling interests, which represent the outside ownership of our consolidated non-wholly owned entities and are reported separately. Intercompany accounts and transactions between consolidated companies have been eliminated in consolidation. </span></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">These Financial Statements reflect our financial position, results of operations and cash flows as prepared in conformity with United States Generally Accepted Accounting Principles (“GAAP”). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes. Such estimates include, but are not limited to, revenue recognition, allocations of the purchase price paid in business combinations, cost of vacation ownership products, inventory valuation, goodwill and intangibles valuation, property and equipment valuation, accounting for acquired vacation ownership notes receivable, vacation ownership notes receivable reserves, income taxes and loss contingencies. Accordingly, actual amounts may differ from these estimated amounts.</span></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We adopted Accounting Standards Update (“ASU”) 2014-09 “</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606),</span><span style="font-family:inherit;font-size:10pt;">” as amended (“ASU 2014-09”), effective January 1, 2018, the first day of our 2018 fiscal year, and refer to it as the new “Revenue Standard” throughout these Financial Statements. We have restated our previously reported historical results within these Financial Statements to conform with the adoption of the new Revenue Standard. See “</span><span style="font-family:inherit;font-size:10pt;font-style:italic;">New Accounting Standards</span><span style="font-family:inherit;font-size:10pt;">” in Footnote 2 “Summary of Significant Accounting Policies” for additional information on ASU 2014-09 and Footnote 21 “Adoption Impact of New Revenue Standard” for further discussion of the adoption and the impact on our previously reported historical results.</span></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unless otherwise specified, each reference to a particular year in these Financial Statements means the fiscal year ended on the date shown in the following table, rather than the corresponding calendar year. Beginning with our 2017 fiscal year, we changed our financial reporting cycle to a calendar year-end and end-of-month quarterly reporting cycle. </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:75.5859375%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"/></tr><tr><td style="width:32%;"/><td style="width:1%;"/><td style="width:33%;"/><td style="width:1%;"/><td style="width:33%;"/></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Fiscal Year</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Fiscal Year-End Date</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Number of Days</span></div></td></tr><tr><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2018</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">365</span></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">December 31, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">366</span></div></td></tr><tr><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2016</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">December 30, 2016</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">364</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:16px;text-indent:49px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Acquisition of ILG</span></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On September 1, 2018 (the “Acquisition Date”), we completed the previously announced acquisition of ILG, LLC, formerly known as ILG, Inc. (“ILG”) through a series of transactions (the “ILG Acquisition”), after which ILG became our indirect wholly-owned subsidiary. The Financial Statements in this report include ILG’s results of operations from the Acquisition Date through year-end 2018 and reflect the financial position of our combined company at December 31, 2018. We refer to our business associated with brands that existed prior to the ILG Acquisition as “Legacy-MVW” and to ILG’s business and brands that we acquired as “Legacy-ILG.” See Footnote 3 “Acquisitions and Dispositions” for more information on the ILG Acquisition.</span></div><div style="line-height:120%;padding-top:16px;text-indent:49px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</span></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We have reclassified the following prior year amounts to conform to the current year presentation:</span></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reclassified Resort management and other services revenue to Management and exchange revenue; </span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reclassified Resort management and other services expense to Management and exchange expense;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Consolidated Consumer financing interest expense into Financing expense;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reclassified depreciation expense from Marketing and sales expense, Management and exchange expense, Rental expense, and General and administrative expense to Depreciation and amortization expense;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reclassified costs related to the ILG Acquisition from Other expense to ILG acquisition-related costs;</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reclassified </span><span style="font-family:inherit;font-size:10pt;"><span>$330 million</span></span><span style="font-family:inherit;font-size:10pt;"> of land and infrastructure from Inventory to Property and equipment at December 31, 2017; and</span></div></td></tr></table><div style="line-height:120%;font-size:10pt;padding-left:72px;"><span style="font-family:inherit;font-size:10pt;">•</span></div><span style="font-family:inherit;font-size:10pt;">Reclassified </span><span style="font-family:inherit;font-size:10pt;"><span>$835 million</span></span> of debt associated with vacation ownership notes receivable securitization, net of unamortized debt issuance costs from Debt, net to Securitized debt, net at December 31, 2017.
CY2017 vac Percentage Of Assets Liabilities Revenues Expenses And Cash Flows Consolidated And Discussed
PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed
1
CY2018 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
-4000000 USD
CY2018 vac Capitalized Salaries And Related Costs
CapitalizedSalariesAndRelatedCosts
6000000 USD
CY2018 vac Threshold Period Past Due For General Reserve Factor Of Trade Accounts Receivable
ThresholdPeriodPastDueForGeneralReserveFactorOfTradeAccountsReceivable
P120D
CY2018 us-gaap Threshold Period Past Due For Writeoff Of Trade Accounts Receivable
ThresholdPeriodPastDueForWriteoffOfTradeAccountsReceivable
P180D
CY2018 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
6000000 USD
CY2017 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
1000000 USD
CY2016 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
15000000 USD
CY2018 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
Valuation of Property and EquipmentWe 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.
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
11000000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10000000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8000000 USD
CY2018 vac Business Combinations Pro Forma Acquisitionrelated Costs
BusinessCombinationsProFormaAcquisitionrelatedCosts
28000000 USD
CY2017 vac Business Combinations Pro Forma Acquisitionrelated Costs
BusinessCombinationsProFormaAcquisitionrelatedCosts
197000000 USD
CY2018Q4 vac Number Of Vacation Ownership Units Acquired
NumberOfVacationOwnershipUnitsAcquired
92 vacation_ownership_unit
CY2018 vac Revenues Cost Reimbursement
RevenuesCostReimbursement
925000000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2785000000 USD
CY2018 vac Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
183000000 USD
CY2018 us-gaap Revenues
Revenues
2968000000 USD
CY2017 vac Revenues Cost Reimbursement
RevenuesCostReimbursement
750000000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2048000000 USD
CY2017 vac Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
135000000 USD
CY2018 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
4 Property
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
2828000000 USD
CY2017 us-gaap Revenues
Revenues
2183000000 USD
CY2016 vac Revenues Cost Reimbursement
RevenuesCostReimbursement
720000000 USD
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1873000000 USD
CY2016 vac Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
127000000 USD
CY2016 us-gaap Revenues
Revenues
2000000000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2785000000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2048000000 USD
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1873000000 USD
CY2018Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
0 USD
CY2018Q4 vac Contracts With Customers Accounts Receivable
ContractsWithCustomersAccountsReceivable
68000000 USD
CY2017Q4 vac Contracts With Customers Accounts Receivable
ContractsWithCustomersAccountsReceivable
73000000 USD
CY2018Q4 us-gaap Notes Receivable Net
NotesReceivableNet
2039000000 USD
CY2017Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1115000000 USD
CY2018Q4 vac Contractwith Customer Receivable
ContractwithCustomerReceivable
2107000000 USD
CY2017Q4 vac Contractwith Customer Receivable
ContractwithCustomerReceivable
1188000000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
432000000 USD
CY2017Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
153000000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
117000000 USD
CY2018Q4 vac Revenue Remaining Performance Obligation Expected Timing Percentage
RevenueRemainingPerformanceObligationExpectedTimingPercentage
0.90
CY2017 vac Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
-65000000 USD
CY2017 vac Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Deferred Tax Liability Provisional Income Tax Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxLiabilityProvisionalIncomeTaxBenefit
-65000000 USD
CY2018 vac Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Deferred Tax Liability Provisional Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxLiabilityProvisionalIncomeTaxExpense
1000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
3000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
108000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
232000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
195000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-5000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
8000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
103000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
240000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
198000000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
2000000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
6000000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-17000000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
49000000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
35000000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7000000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5000000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10000000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
7000000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
5000000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-6000000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
63000000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
45000000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
46000000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-44000000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
30000000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
9000000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1000000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2000000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
2000000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-15000000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1000000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
57000000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-58000000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
31000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76000000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
9000000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-4000000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2000000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
9000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
145000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
38000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
84000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
26000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
22000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
1000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
54000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
12000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
0 USD
CY2017Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
24000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
59000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
39000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
24000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
40000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
21000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
17000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
409000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
197000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
106000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
44000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
303000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
153000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
234000000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
0 USD
CY2018Q4 vac Deferred Tax Deferred Vacation Ownership Interests Sales
DeferredTaxDeferredVacationOwnershipInterestsSales
377000000 USD
CY2017Q4 vac Deferred Tax Deferred Vacation Ownership Interests Sales
DeferredTaxDeferredVacationOwnershipInterestsSales
230000000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
611000000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
230000000 USD
CY2018Q4 vac Deferred Tax Liabilities Net Excluding Certain Deferred Tax Assets
DeferredTaxLiabilitiesNetExcludingCertainDeferredTaxAssets
308000000 USD
CY2017Q4 vac Deferred Tax Liabilities Net Excluding Certain Deferred Tax Assets
DeferredTaxLiabilitiesNetExcludingCertainDeferredTaxAssets
77000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
1000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
14000000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0423
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0250
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0247
CY2018 vac Effective Income Tax Rate Reconciliation Permanent Difference
EffectiveIncomeTaxRateReconciliationPermanentDifference
0.0278
CY2017 vac Effective Income Tax Rate Reconciliation Permanent Difference
EffectiveIncomeTaxRateReconciliationPermanentDifference
-0.0058
CY2016 vac Effective Income Tax Rate Reconciliation Permanent Difference
EffectiveIncomeTaxRateReconciliationPermanentDifference
0.0116
CY2018 vac Effective Income Tax Rate Transaction Costs
EffectiveIncomeTaxRateTransactionCosts
0.0468
CY2017 vac Effective Income Tax Rate Transaction Costs
EffectiveIncomeTaxRateTransactionCosts
0
CY2016 vac Effective Income Tax Rate Transaction Costs
EffectiveIncomeTaxRateTransactionCosts
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0123
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.2712
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2018 vac Effective Income Tax Rate Reconciliation Share Based Compensation Expense Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExpenseTaxBenefitPercent
0.0360
CY2017 vac Effective Income Tax Rate Reconciliation Share Based Compensation Expense Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExpenseTaxBenefitPercent
-0.0254
CY2016 vac Effective Income Tax Rate Reconciliation Share Based Compensation Expense Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExpenseTaxBenefitPercent
0
CY2018 vac Effective Income Tax Rate Reconciliation Foreign Rate Change Percent
EffectiveIncomeTaxRateReconciliationForeignRateChangePercent
-0.0011
CY2017 vac Effective Income Tax Rate Reconciliation Foreign Rate Change Percent
EffectiveIncomeTaxRateReconciliationForeignRateChangePercent
-0.0201
CY2016 vac Effective Income Tax Rate Reconciliation Foreign Rate Change Percent
EffectiveIncomeTaxRateReconciliationForeignRateChangePercent
0.0005
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0390
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0261
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0008
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0011
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0079
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0106
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0860
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0003
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0078
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.4980
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0188
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3848
CY2018Q4 us-gaap Notes Receivable Net
NotesReceivableNet
2039000000 USD
CY2017Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1115000000 USD
CY2018 vac Interest On Notes Receivable
InterestOnNotesReceivable
175000000 USD
CY2017 vac Interest On Notes Receivable
InterestOnNotesReceivable
128000000 USD
CY2016 vac Interest On Notes Receivable
InterestOnNotesReceivable
120000000 USD
CY2016Q1 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
108000000 USD
CY2016 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
44000000 USD
CY2016 vac Securitized Financing Receivable
SecuritizedFinancingReceivable
0 USD
CY2016 vac Time Sharing Transactions Clean Up Of Warehouse Credit Facility
TimeSharingTransactionsCleanUpOfWarehouseCreditFacility
0 USD
CY2016 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
40000000 USD
CY2016 vac Financing Receivable Allowance For Credit Losses Repurchase Activity
FinancingReceivableAllowanceForCreditLossesRepurchaseActivity
0 USD
CY2016Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
112000000 USD
CY2017 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
52000000 USD
CY2017 vac Securitized Financing Receivable
SecuritizedFinancingReceivable
0 USD
CY2017 vac Time Sharing Transactions Clean Up Of Warehouse Credit Facility
TimeSharingTransactionsCleanUpOfWarehouseCreditFacility
0 USD
CY2017 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
45000000 USD
CY2017 vac Financing Receivable Allowance For Credit Losses Repurchase Activity
FinancingReceivableAllowanceForCreditLossesRepurchaseActivity
0 USD
CY2017Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
119000000 USD
CY2018 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
64000000 USD
CY2018 vac Securitized Financing Receivable
SecuritizedFinancingReceivable
0 USD
CY2018 vac Time Sharing Transactions Clean Up Of Warehouse Credit Facility
TimeSharingTransactionsCleanUpOfWarehouseCreditFacility
0 USD
CY2018 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
43000000 USD
CY2018 vac Financing Receivable Allowance For Credit Losses Repurchase Activity
FinancingReceivableAllowanceForCreditLossesRepurchaseActivity
0 USD
CY2018Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
140000000 USD
CY2018Q4 us-gaap Marketable Securities
MarketableSecurities
8000000 USD
CY2018Q4 vac Note Receivable From Noncontrolling Interest Fair Value
NoteReceivableFromNoncontrollingInterestFairValue
32000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
55000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
235000000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
122000000 USD
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33300000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27100000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27900000 shares
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.64
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.70
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.37
CY2018 us-gaap Net Income Loss
NetIncomeLoss
55000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
235000000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
122000000 USD
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33300000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27100000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27900000 shares
CY2018 vac Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
400000 shares
CY2017 vac Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
400000 shares
CY2016 vac Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
300000 shares
CY2018 vac Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
300000 shares
CY2017 vac Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
200000 shares
CY2016 vac Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
200000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34000000.0 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27700000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28400000 shares
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.49
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.29
CY2018Q4 us-gaap Inventory Real Estate Timeshare Available For Sale
InventoryRealEstateTimeshareAvailableForSale
843000000 USD
CY2017Q4 us-gaap Inventory Real Estate Timeshare Available For Sale
InventoryRealEstateTimeshareAvailableForSale
391000000 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
9000000 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2000000 USD
CY2018Q4 vac Inventory Timeshare Gross
InventoryTimeshareGross
852000000 USD
CY2017Q4 vac Inventory Timeshare Gross
InventoryTimeshareGross
393000000 USD
CY2018Q4 vac Operating Supplies And Inventories
OperatingSuppliesAndInventories
11000000 USD
CY2017Q4 vac Operating Supplies And Inventories
OperatingSuppliesAndInventories
5000000 USD
CY2018Q4 vac Inventory Timeshare
InventoryTimeshare
863000000 USD
CY2017Q4 vac Inventory Timeshare
InventoryTimeshare
398000000 USD
CY2018Q4 vac Amount Of Completed Vacation Ownership Units Classified As Property And Equipment
AmountOfCompletedVacationOwnershipUnitsClassifiedAsPropertyAndEquipment
51000000 USD
CY2018Q4 us-gaap Land
Land
466000000 USD
CY2017Q4 us-gaap Land
Land
390000000 USD
CY2018Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
404000000 USD
CY2017Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
259000000 USD
CY2018Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
88000000 USD
CY2017Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
54000000 USD
CY2018Q4 vac Information Technology Assets Gross
InformationTechnologyAssetsGross
297000000 USD
CY2017Q4 vac Information Technology Assets Gross
InformationTechnologyAssetsGross
185000000 USD
CY2018Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
32000000 USD
CY2017Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
23000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1287000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
911000000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
336000000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
328000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
951000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
583000000 USD
CY2018Q4 vac Commitments To Subsidize Associations
CommitmentsToSubsidizeAssociations
6000000 USD
CY2018Q4 vac Surety Bonds
SuretyBonds
74000000 USD
CY2018Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
40000000 USD
CY2018Q2 vac Fraudulently Induced Electronic Payment Disbursements Made To Third Parties
FraudulentlyInducedElectronicPaymentDisbursementsMadeToThirdParties
10000000 USD
CY2018 vac Recovered Fraudulently Induced Electronic Payment Disbursementsmadeto Third Parties
RecoveredFraudulentlyInducedElectronicPaymentDisbursementsmadetoThirdParties
6000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
38000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
33000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
23000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
17000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
16000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
95000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
222000000 USD
CY2018 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
16000000 USD
CY2017 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
9000000 USD
CY2016 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
8000000 USD
CY2018 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
5000000 USD
CY2017 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
4000000 USD
CY2016 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
4000000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
21000000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
13000000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
12000000 USD
CY2018 vac Number Of Notes Receivable Pools Under Performance Triggers
NumberOfNotesReceivablePoolsUnderPerformanceTriggers
0 Loan
CY2018Q4 vac Number Of Consolidated Notes Receivable Pools Outstanding
NumberOfConsolidatedNotesReceivablePoolsOutstanding
11 Loan
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
17000000 USD
CY2017Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
7000000 USD
CY2018Q4 vac Debt And Capital Lease Obligations Net
DebtAndCapitalLeaseObligationsNet
2124000000 USD
CY2017Q4 vac Debt And Capital Lease Obligations Net
DebtAndCapitalLeaseObligationsNet
260000000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
41000000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
28000000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
11000000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
241000000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
240000000 USD
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1617000000 USD
CY2018Q4 vac Debt And Capital Lease Obligations Gross
DebtAndCapitalLeaseObligationsGross
2178000000 USD
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
57626462 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
45992731 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
11633731 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
36861843 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
26461296 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
10400547 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 vac Stock Repurchase Program Number Of Additional Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfAdditionalSharesAuthorizedToBeRepurchased
3000000.0 shares
CY2018Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
14900000 shares
CY2018Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
3200000 shares
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0111
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0144
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
35000000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16000000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14000000 USD
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
39000000 USD
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
15000000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3078
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3041
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3160
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0196
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0268
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0206
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0141
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.49
CY2018Q4 vac Number Of Vacation Ownership Units Acquired
NumberOfVacationOwnershipUnitsAcquired
92 vacation_ownership_unit
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2018 us-gaap Revenues
Revenues
2968000000 USD
CY2017 us-gaap Revenues
Revenues
2183000000 USD
CY2016 us-gaap Revenues
Revenues
2000000000 USD
CY2018 vac Corporateand Other Income Expense
CorporateandOtherIncomeExpense
169000000 USD
CY2017 vac Corporateand Other Income Expense
CorporateandOtherIncomeExpense
89000000 USD
CY2016 vac Corporateand Other Income Expense
CorporateandOtherIncomeExpense
89000000 USD
CY2018 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-54000000 USD
CY2017 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-10000000 USD
CY2016 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-9000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76000000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
62000000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
21000000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
21000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
35000000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16000000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14000000 USD
CY2018 vac Certain Items Adjusted Ebitda Reconciliation
CertainItemsAdjustedEBITDAReconciliation
162000000 USD
CY2017 vac Certain Items Adjusted Ebitda Reconciliation
CertainItemsAdjustedEBITDAReconciliation
7000000 USD
CY2016 vac Certain Items Adjusted Ebitda Reconciliation
CertainItemsAdjustedEBITDAReconciliation
-5000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
55000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
235000000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
122000000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
62000000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
21000000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
21000000 USD
CY2018Q4 us-gaap Assets
Assets
9018000000 USD
CY2017Q4 us-gaap Assets
Assets
2845000000 USD
CY2018 vac Payments To Acquire Property Plant And Equipment And Inventory
PaymentsToAcquirePropertyPlantAndEquipmentAndInventory
252000000 USD
CY2017 vac Payments To Acquire Property Plant And Equipment And Inventory
PaymentsToAcquirePropertyPlantAndEquipmentAndInventory
181000000 USD
CY2016 vac Payments To Acquire Property Plant And Equipment And Inventory
PaymentsToAcquirePropertyPlantAndEquipmentAndInventory
173000000 USD
CY2018 vac Revenues Excluding Reimbursed Costs
RevenuesExcludingReimbursedCosts
2043000000 USD
CY2017 vac Revenues Excluding Reimbursed Costs
RevenuesExcludingReimbursedCosts
1433000000 USD
CY2016 vac Revenues Excluding Reimbursed Costs
RevenuesExcludingReimbursedCosts
1280000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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