$VAC
MARRIOTT VACATIONS WORLDWIDE Corp Stock $vac

$vac Overview Financials Valuation SEC Filings Company Website

2019 Q1 Form 10-Q Financial Statement

#000152435819000019 Filed on May 07, 2019

Income Statement

Concept	2019 Q1	2018 Q1
Revenue	$1.034B	$571.0M
YoY Change	81.09%	8.14%
Cost Of Revenue	$520.0M	$304.6M
YoY Change	70.72%	7.82%
Gross Profit	$514.0M	$266.3M
YoY Change	93.02%	8.34%
Gross Profit Margin	49.71%	46.64%
Selling, General & Admin	$253.0M	$133.0M
YoY Change	90.23%	6.37%
% of Gross Profit	49.22%	49.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$37.00M	$5.601M
YoY Change	560.6%	7.9%
% of Gross Profit	7.2%	2.1%
Operating Expenses	$253.0M	$133.0M
YoY Change	90.23%	6.37%
Operating Profit	$261.0M	$133.3M
YoY Change	95.8%	10.38%
Interest Expense	-$34.00M	-$4.000M
YoY Change	750.0%	412.16%
% of Operating Profit	-13.03%	-3.0%
Other Income/Expense, Net	$0.00	-$2.700M
YoY Change	-100.0%	4476.27%
Pretax Income	$39.00M	$46.69M
YoY Change	-16.47%	6.44%
Income Tax	$15.00M	$11.00M
% Of Pretax Income	38.46%	23.56%
Net Earnings	$24.00M	$36.00M
YoY Change	-33.33%	28.57%
Net Earnings / Revenue	2.32%	6.3%
Basic Earnings Per Share	$0.52	$1.35
Diluted Earnings Per Share	$0.51	$1.32
COMMON SHARES
Basic Shares Outstanding	45.60M shares	26.70M shares
Diluted Shares Outstanding	46.10M shares	27.30M shares

Balance Sheet

Concept	2019 Q1	2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$229.0M	$323.8M
YoY Change	-29.28%	218.07%
Cash & Equivalents	$222.0M	$323.8M
Short-Term Investments	$7.000M
Other Short-Term Assets
YoY Change
Inventory	$910.0M	$727.0M
Prepaid Expenses
Receivables	$277.0M	$63.00M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.409B	$1.114B
YoY Change	26.5%	20.82%
LONG-TERM ASSETS
Property, Plant & Equipment	$848.0M	$251.3M
YoY Change	237.49%	24.15%
Goodwill	$2.828B
YoY Change
Intangibles	$1.092B
YoY Change
Long-Term Investments
YoY Change
Other Assets	$356.0M	$61.30M
YoY Change	480.75%	-4.22%
Total Long-Term Assets	$7.703B	$1.646B
YoY Change	367.94%	15.58%
TOTAL ASSETS
Total Short-Term Assets	$1.409B	$1.114B
Total Long-Term Assets	$7.703B	$1.646B
Total Assets	$9.112B	$2.760B
YoY Change	230.15%	17.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$168.0M	$80.00M
YoY Change	110.0%	10.65%
Accrued Expenses	$692.0M	$203.4M
YoY Change	240.22%	-13.52%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$988.0M	$397.6M
YoY Change	148.49%	-8.62%
LONG-TERM LIABILITIES
Long-Term Debt	$3.904B	$1.012B
YoY Change	285.62%	48.05%
Other Long-Term Liabilities	$537.0M	$187.2M
YoY Change	186.86%	29.55%
Total Long-Term Liabilities	$4.441B	$1.200B
YoY Change	270.21%	44.83%
TOTAL LIABILITIES
Total Short-Term Liabilities	$988.0M	$397.6M
Total Long-Term Liabilities	$4.441B	$1.200B
Total Liabilities	$5.761B	$1.694B
YoY Change	240.14%	19.87%
SHAREHOLDERS EQUITY
Retained Earnings	$519.0M	$554.7M
YoY Change	-6.44%	49.87%
Common Stock	$3.718B	$1.184B
YoY Change	213.89%	2.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$895.0M	$695.9M
YoY Change	28.6%	14.76%
Treasury Stock Shares	12.86M shares	10.41M shares
Shareholders Equity	$3.346B	$1.066B
YoY Change
Total Liabilities & Shareholders Equity	$9.112B	$2.760B
YoY Change	230.15%	17.64%

Cashflow Statement

Concept	2019 Q1	2018 Q1
OPERATING ACTIVITIES
Net Income	$24.00M	$36.00M
YoY Change	-33.33%	28.57%
Depreciation, Depletion And Amortization	$37.00M	$5.601M
YoY Change	560.6%	7.9%
Cash From Operating Activities	$28.00M	$23.00M
YoY Change	21.74%	-49.68%
INVESTING ACTIVITIES
Capital Expenditures	$10.00M	$3.000M
YoY Change	233.33%	-40.65%
Acquisitions
YoY Change
Other Investing Activities	$37.00M	-$9.000M
YoY Change	-511.11%	9.76%
Cash From Investing Activities	$27.00M	-$12.00M
YoY Change	-325.0%	-9.46%
FINANCING ACTIVITIES
Cash Dividend Paid	$41.00M	$21.00M
YoY Change	95.24%	10.47%
Common Stock Issuance & Retirement, Net	$106.0M	$2.000M
YoY Change	5200.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$92.00M	-$119.0M
YoY Change	-22.69%	46.5%
NET CHANGE
Cash From Operating Activities	$28.00M	$23.00M
Cash From Investing Activities	$27.00M	-$12.00M
Cash From Financing Activities	-$92.00M	-$119.0M
Net Change In Cash	-$36.00M	-$106.0M
YoY Change	-66.04%	124.44%
FREE CASH FLOW
Cash From Operating Activities	$28.00M	$23.00M
Capital Expenditures	$10.00M	$3.000M
Free Cash Flow	$18.00M	$20.00M
YoY Change	-10.0%	-50.8%

Facts In Submission

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CY2019Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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CY2019Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019Q1	dei	Document Period End Date DocumentPeriodEndDate	2019-03-31
CY2019Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001524358
CY2019Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2019Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2019Q1	dei	Trading Symbol TradingSymbol	VAC
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CY2019Q1	dei	Document Type DocumentType	10-Q
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CY2019Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	1000000	USD
CY2018Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	3000000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	28000000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	23000000	USD
CY2019Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10000000	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3000000	USD
CY2019Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	38000000	USD
CY2018Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	0	USD
CY2019Q1	us-gaap	Payments For Proceeds From Life Insurance Policies PaymentsForProceedsFromLifeInsurancePolicies	1000000	USD
CY2018Q1	us-gaap	Payments For Proceeds From Life Insurance Policies PaymentsForProceedsFromLifeInsurancePolicies	9000000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	27000000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12000000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	124000000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	0	USD
CY2019Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	133000000	USD
CY2018Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	86000000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	125000000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	0	USD
CY2019Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	52000000	USD
CY2018Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	0	USD
CY2019Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2018Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1000000	USD
CY2019Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	106000000	USD
CY2018Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2000000	USD
CY2019Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	41000000	USD
CY2018Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	21000000	USD
CY2019Q1	us-gaap	Restricted Stock Value Shares Issued Net Of Tax Withholdings RestrictedStockValueSharesIssuedNetOfTaxWithholdings	9000000	USD
CY2018Q1	us-gaap	Restricted Stock Value Shares Issued Net Of Tax Withholdings RestrictedStockValueSharesIssuedNetOfTaxWithholdings	9000000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-92000000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-119000000	USD
CY2019Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1000000	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-36000000	USD
CY2018Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-106000000	USD
CY2018Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2000000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	614000000	USD
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	491000000	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	578000000	USD
CY2018Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	385000000	USD
CY2019Q1	vac	Transfer From Property And Equipment To Inventory TransferFromPropertyAndEquipmentToInventory	-64000000	USD
CY2018Q1	vac	Transfer From Property And Equipment To Inventory TransferFromPropertyAndEquipmentToInventory	0	USD
CY2019Q1	us-gaap	Interest Paid Net InterestPaidNet	54000000	USD
CY2018Q1	us-gaap	Interest Paid Net InterestPaidNet	7000000	USD
CY2019Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	12000000	USD
CY2018Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	4000000	USD
CY2018Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	57600000	shares
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3466000000	USD
CY2019Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	57600000	shares
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	3458000000	USD
CY2019Q1	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	24000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	1000000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-3000000	USD
CY2019Q1	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	200000	shares
CY2019Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions	-4000000	USD
CY2019Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0	shares
CY2019Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	106000000	USD
CY2019Q1	us-gaap	Dividends Dividends	20000000	USD
CY2019Q1	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	1000000	USD
CY2019Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	57800000	shares
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3351000000	USD
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	36900000	shares
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1041000000	USD
CY2018Q1	us-gaap	Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest	36000000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	6000000	USD
CY2018Q1	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	100000	shares
CY2018Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions	-5000000	USD
CY2018Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0	shares
CY2018Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	2000000	USD
CY2018Q1	us-gaap	Dividends Dividends	10000000	USD
CY2018Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	37000000.0	shares
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1066000000	USD
CY2019Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<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;width:380px;border-collapse:collapse;text-align:left;"><tr><td colspan="2"/></tr><tr><td style="width:25px;"/><td style="width:354px;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:16px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">1. </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:16px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIS OF PRESENTATION</span></div></td></tr></table></div><div style="line-height:120%;padding-top:8px;text-indent:49px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Interim 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 Interim Consolidated Financial Statements as our “Financial Statements,” (ii) our Interim Consolidated Statements of Income as our “Income Statements,” (iii) our Interim Consolidated Balance Sheets as our “Balance Sheets,” and (iv) our Interim 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 Interim Consolidated Financial Statements, unless otherwise noted. Capitalized terms used and not specifically defined herein have the same meaning given those terms in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018 (the “2018 Annual Report”). 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;">100 percent</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-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In our opinion, our Financial Statements reflect all normal and recurring adjustments necessary to present fairly our financial position, the results of our operations and cash flows for the periods presented. Interim results may not be indicative of fiscal year performance because of, among other reasons, the ILG Acquisition (defined below), seasonal and short-term variations. These Financial Statements have not been audited. We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with GAAP. Although we believe our footnote disclosures are adequate to make the information presented not misleading, the Financial Statements in this report should be read in conjunction with the consolidated financial statements and notes thereto in our 2018 Annual Report .</span></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The accompanying Financial Statements also reflect our adoption of new accounting standards. See </span><span style="font-family:inherit;font-size:10pt;">Footnote 2</span><span style="font-family:inherit;font-size:10pt;"> “</span><span style="font-family:inherit;font-size:10pt;">Significant Accounting Policies and Recent Accounting Standards</span><span style="font-family:inherit;font-size:10pt;">” for additional information.</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><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><span style="font-family:inherit;font-size:10pt;">On September 1, 2018, we completed the 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. 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 </span><span style="font-family:inherit;font-size:10pt;">Footnote 3</span><span style="font-family:inherit;font-size:10pt;"> “</span><span style="font-family:inherit;font-size:10pt;">Acquisitions and Dispositions</span>” for more information on the ILG Acquisition.
CY2018Q3	us-gaap	Number Of Businesses Acquired NumberOfBusinessesAcquired	4	Property
CY2018Q1	vac	Business Combinations Pro Forma Acquisitionrelated Costs BusinessCombinationsProFormaAcquisitionrelatedCosts	12000000	USD
CY2019Q1	vac	Business Combination Pro Forma Information Net Income Attributable To Common Shareholders Since Acquisition Date Actual BusinessCombinationProFormaInformationNetIncomeAttributableToCommonShareholdersSinceAcquisitionDateActual	32000000	USD
CY2019Q1	vac	Revenues Cost Reimbursement RevenuesCostReimbursement	287000000	USD
CY2019Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	992000000	USD
CY2019Q1	vac	Financing Revenue Not From Contract With Customer FinancingRevenueNotFromContractWithCustomer	68000000	USD
CY2019Q1	us-gaap	Revenues Revenues	1060000000	USD
CY2018Q1	vac	Revenues Cost Reimbursement RevenuesCostReimbursement	216000000	USD
CY2018Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	536000000	USD
CY2018Q1	vac	Financing Revenue Not From Contract With Customer FinancingRevenueNotFromContractWithCustomer	35000000	USD
CY2018Q1	us-gaap	Revenues Revenues	571000000	USD
CY2019Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	992000000	USD
CY2018Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	536000000	USD
CY2019Q1	us-gaap	Contract With Customer Performance Obligation Satisfied In Previous Period ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod	1000000	USD
CY2018Q1	us-gaap	Contract With Customer Performance Obligation Satisfied In Previous Period ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod	2000000	USD
CY2019Q1	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	0	USD
CY2019Q1	vac	Contracts With Customers Accounts Receivable ContractsWithCustomersAccountsReceivable	46000000	USD
CY2018Q4	vac	Contracts With Customers Accounts Receivable ContractsWithCustomersAccountsReceivable	68000000	USD
CY2019Q1	us-gaap	Notes Receivable Net NotesReceivableNet	2055000000	USD
CY2018Q4	us-gaap	Notes Receivable Net NotesReceivableNet	2039000000	USD
CY2019Q1	vac	Contractwith Customer Receivable ContractwithCustomerReceivable	2101000000	USD
CY2018Q4	vac	Contractwith Customer Receivable ContractwithCustomerReceivable	2107000000	USD
CY2019Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	565000000	USD
CY2018Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	432000000	USD
CY2019Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	152000000	USD
CY2019Q1	vac	Revenue Remaining Performance Obligation Expected Timing Percentage RevenueRemainingPerformanceObligationExpectedTimingPercentage	0.90
CY2019Q1	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	2000000	USD
CY2019Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.4043
CY2018Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.2294
CY2019Q1	us-gaap	Notes Receivable Net NotesReceivableNet	2055000000	USD
CY2018Q4	us-gaap	Notes Receivable Net NotesReceivableNet	2039000000	USD
CY2019Q1	vac	Interest On Notes Receivable InterestOnNotesReceivable	65000000	USD
CY2018Q1	vac	Interest On Notes Receivable InterestOnNotesReceivable	34000000	USD
CY2018Q4	us-gaap	Time Sharing Transactions Allowance For Uncollectible Accounts TimeSharingTransactionsAllowanceForUncollectibleAccounts	140000000	USD
CY2019Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	19000000	USD
CY2019Q1	vac	Securitized Financing Receivable SecuritizedFinancingReceivable	0	USD
CY2019Q1	us-gaap	Time Sharing Transactions Direct Write Offs Charged Against Allowance TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance	10000000	USD
CY2019Q1	vac	Financing Receivable Allowance For Credit Losses Repurchase Activity FinancingReceivableAllowanceForCreditLossesRepurchaseActivity	0	USD
CY2019Q1	us-gaap	Time Sharing Transactions Allowance For Uncollectible Accounts TimeSharingTransactionsAllowanceForUncollectibleAccounts	149000000	USD
CY2019Q1	vac	Past Due Period PastDuePeriod	P30D
CY2019Q1	vac	Past Due Loan Suspend Accrual Of Interest Period PastDueLoanSuspendAccrualOfInterestPeriod	P90D
CY2019Q1	vac	Loan Payments Delinquency Period Beyond Which Loan Is Considered Defaulted LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted	P150D
CY2019Q1	vac	Notes Receivable Estimated Average Default Rates NotesReceivableEstimatedAverageDefaultRates	0.0691
CY2018Q4	vac	Notes Receivable Estimated Average Default Rates NotesReceivableEstimatedAverageDefaultRates	0.0701
CY2019Q1	vac	Result Of Increase In Estimated Default Rate ResultOfIncreaseInEstimatedDefaultRate	0.005
CY2019Q1	vac	Financing Receivable Allowance For Credit Losses That Would Have Been Increased FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased	7000000	USD
CY2019Q1	vac	Weighted Average Fico Score Within Originated Loan Pool WeightedAverageFicoScoreWithinOriginatedLoanPool	711	credit_score
CY2018Q4	vac	Weighted Average Fico Score Within Originated Loan Pool WeightedAverageFicoScoreWithinOriginatedLoanPool	710	credit_score
CY2019Q1	vac	Average Estimated Rate Of Default For All Outstanding Loans AverageEstimatedRateOfDefaultForAllOutstandingLoans	0.1226
CY2018Q4	vac	Average Estimated Rate Of Default For All Outstanding Loans AverageEstimatedRateOfDefaultForAllOutstandingLoans	0.1237
CY2019Q1	us-gaap	Marketable Securities MarketableSecurities	7000000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	24000000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	36000000	USD
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	45600000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26700000	shares
CY2019Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.52
CY2018Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.35
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	24000000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	36000000	USD
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	45600000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26700000	shares
CY2019Q1	vac	Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans	300000	shares
CY2018Q1	vac	Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans	400000	shares
CY2019Q1	vac	Incremental Common Shares Attributable To Restricted Stock Units IncrementalCommonSharesAttributableToRestrictedStockUnits	200000	shares
CY2018Q1	vac	Incremental Common Shares Attributable To Restricted Stock Units IncrementalCommonSharesAttributableToRestrictedStockUnits	200000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	46100000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	27300000	shares
CY2019Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.51
CY2018Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.32
CY2019Q1	us-gaap	Inventory Real Estate Timeshare Available For Sale InventoryRealEstateTimeshareAvailableForSale	862000000	USD
CY2018Q4	us-gaap	Inventory Real Estate Timeshare Available For Sale InventoryRealEstateTimeshareAvailableForSale	843000000	USD
CY2019Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	37000000	USD
CY2018Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	9000000	USD
CY2019Q1	vac	Inventory Timeshare Gross InventoryTimeshareGross	899000000	USD
CY2018Q4	vac	Inventory Timeshare Gross InventoryTimeshareGross	852000000	USD
CY2019Q1	vac	Operating Supplies And Inventories OperatingSuppliesAndInventories	11000000	USD
CY2018Q4	vac	Operating Supplies And Inventories OperatingSuppliesAndInventories	11000000	USD
CY2019Q1	vac	Inventory Timeshare InventoryTimeshare	910000000	USD
CY2018Q4	vac	Inventory Timeshare InventoryTimeshare	863000000	USD
CY2019Q1	vac	Real Estate Inventory Increase Decrease True Up RealEstateInventoryIncreaseDecreaseTrueUp	3000000	USD
CY2018Q1	vac	Real Estate Inventory Increase Decrease True Up RealEstateInventoryIncreaseDecreaseTrueUp	-1000000	USD
CY2019Q1	vac	Amount Of Completed Vacation Ownership Units Classified As Property And Equipment AmountOfCompletedVacationOwnershipUnitsClassifiedAsPropertyAndEquipment	53000000	USD
CY2019Q1	us-gaap	Land Land	378000000	USD
CY2018Q4	us-gaap	Land Land	466000000	USD
CY2019Q1	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	411000000	USD
CY2018Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	404000000	USD
CY2019Q1	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	91000000	USD
CY2018Q4	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	88000000	USD
CY2019Q1	vac	Information Technology Assets Gross InformationTechnologyAssetsGross	308000000	USD
CY2018Q4	vac	Information Technology Assets Gross InformationTechnologyAssetsGross	297000000	USD
CY2019Q1	us-gaap	Construction In Progress Gross ConstructionInProgressGross	17000000	USD
CY2018Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	32000000	USD
CY2019Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1205000000	USD
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	951000000	USD
CY2019Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	357000000	USD
CY2018Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	336000000	USD
CY2019Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	848000000	USD
CY2018Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1287000000	USD
CY2019Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	26000000	USD
CY2019Q1	vac	Commitments To Subsidize Associations CommitmentsToSubsidizeAssociations	3000000	USD
CY2019Q1	vac	Surety Bonds SuretyBonds	74000000	USD
CY2019Q1	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	45000000	USD
CY2017Q1	us-gaap	Loss Contingency Number Of Plaintiffs LossContingencyNumberOfPlaintiffs	232	Plaintiff
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
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	126000000	USD
CY2019Q1	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	23000000	USD
CY2019Q1	vac	Lease Rightof Use Asset LeaseRightofUseAsset	149000000	USD
CY2019Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	138000000	USD
CY2019Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	23000000	USD
CY2019Q1	vac	Lease Liability LeaseLiability	161000000	USD
CY2019Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	8000000	USD
CY2019Q1	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	1000000	USD
CY2019Q1	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	0	USD
CY2019Q1	us-gaap	Variable Lease Cost VariableLeaseCost	1000000	USD
CY2019Q1	us-gaap	Lease Cost LeaseCost	10000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	23000000	USD
CY2019Q1	us-gaap	Finance Lease Liability Payments Remainder Of Fiscal Year FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	12000000	USD
CY2019Q1	vac	Lessee Liability Payments Remainderof Fiscal Year LesseeLiabilityPaymentsRemainderofFiscalYear	35000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	30000000	USD
CY2019Q1	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	10000000	USD
CY2019Q1	vac	Lessee Liability Payments Due Year Two LesseeLiabilityPaymentsDueYearTwo	40000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	22000000	USD
CY2019Q1	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	1000000	USD
CY2019Q1	vac	Lessee Liability Payments Due Year Three LesseeLiabilityPaymentsDueYearThree	23000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	17000000	USD
CY2019Q1	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	0	USD
CY2019Q1	vac	Lessee Liability Payments Due Year Four LesseeLiabilityPaymentsDueYearFour	17000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	16000000	USD
CY2019Q1	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	0	USD
CY2019Q1	vac	Lessee Liability Payments Due Year Five LesseeLiabilityPaymentsDueYearFive	16000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	102000000	USD
CY2019Q1	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	0	USD
CY2019Q1	vac	Lessee Liability Payments Dueafter Year Five LesseeLiabilityPaymentsDueafterYearFive	102000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	210000000	USD
CY2019Q1	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	23000000	USD
CY2019Q1	vac	Lessee Liability Payments Due LesseeLiabilityPaymentsDue	233000000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	72000000	USD
CY2019Q1	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	0	USD
CY2019Q1	vac	Lessee Liability Undiscounted Excess Amount LesseeLiabilityUndiscountedExcessAmount	72000000	USD
CY2019Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	138000000	USD
CY2019Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	23000000	USD
CY2019Q1	vac	Lease Liability LeaseLiability	161000000	USD
CY2019Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P11Y2M12D
CY2019Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.066
CY2019Q1	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.048
CY2019Q1	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	0	USD
CY2019Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	12000000	USD
CY2019Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	1000000	USD
CY2019Q1	vac	Operatingand Finance Lease Payments OperatingandFinanceLeasePayments	13000000	USD
CY2019Q1	vac	Number Of Notes Receivable Pools Under Performance Triggers NumberOfNotesReceivablePoolsUnderPerformanceTriggers	0	Loan
CY2019Q1	vac	Number Of Consolidated Notes Receivable Pools Outstanding NumberOfConsolidatedNotesReceivablePoolsOutstanding	11	Loan
CY2019Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	39000000	USD
CY2019Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	11000000	USD
CY2019Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	11000000	USD
CY2019Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	241000000	USD
CY2019Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	316000000	USD
CY2019Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	1615000000	USD
CY2019Q1	vac	Debt And Finance Lease Obligations Gross DebtAndFinanceLeaseObligationsGross	2233000000	USD
CY2019Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.45
CY2019Q1	us-gaap	Debt Instrument Convertible Remaining Discount Amortization Period1 DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1	P3Y6M
CY2019Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.45
CY2019Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2019Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2019Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	57839682	shares
CY2019Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	44982314	shares
CY2019Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	12857368	shares
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
CY2019Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	2000000	shares
CY2019Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2019Q1	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
CY2019Q1	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	14900000	shares
CY2019Q1	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	2000000	shares
CY2019Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.45
CY2019Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	9000000	USD
CY2018Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4000000	USD
CY2019Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	61000000	USD
CY2018Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	39000000	USD
CY2019Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.3110
CY2019Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0176
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CY2019Q1	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	1721000000	USD
CY2019Q1	us-gaap	Variable Interest Entity Consolidated Carrying Amount Liabilities VariableInterestEntityConsolidatedCarryingAmountLiabilities	1701000000	USD
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CY2019Q1	us-gaap	Revenues Revenues	1060000000	USD
CY2018Q1	us-gaap	Revenues Revenues	571000000	USD
CY2019Q1	vac	Corporateand Other Income Expense CorporateandOtherIncomeExpense	71000000	USD
CY2018Q1	vac	Corporateand Other Income Expense CorporateandOtherIncomeExpense	25000000	USD
CY2019Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-34000000	USD
CY2018Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-4000000	USD
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	15000000	USD
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	11000000	USD
CY2019Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	37000000	USD
CY2018Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	6000000	USD
CY2019Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	9000000	USD
CY2018Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4000000	USD
CY2019Q1	vac	Certain Items Adjusted Ebitda Reconciliation CertainItemsAdjustedEBITDAReconciliation	47000000	USD
CY2018Q1	vac	Certain Items Adjusted Ebitda Reconciliation CertainItemsAdjustedEBITDAReconciliation	2000000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	24000000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	36000000	USD
CY2019Q1	us-gaap	Assets Assets	9112000000	USD
CY2018Q4	us-gaap	Assets Assets	9018000000	USD
CY2019Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	222000000	USD
CY2019Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	356000000	USD
CY2019Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	277000000	USD
CY2019Q1	us-gaap	Notes Receivable Net NotesReceivableNet	2055000000	USD
CY2019Q1	vac	Inventory Timeshare InventoryTimeshare	910000000	USD
CY2019Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	848000000	USD
CY2019Q1	us-gaap	Goodwill Goodwill	2828000000	USD
CY2019Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1092000000	USD
CY2019Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	0	USD
CY2019Q1	us-gaap	Other Assets OtherAssets	524000000	USD
CY2019Q1	us-gaap	Assets Assets	9112000000	USD
CY2019Q1	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	168000000	USD
CY2019Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	520000000	USD
CY2019Q1	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	172000000	USD
CY2019Q1	us-gaap	Deferred Compensation Liability Current And Noncurrent DeferredCompensationLiabilityCurrentAndNoncurrent	100000000	USD
CY2019Q1	us-gaap	Secured Debt SecuredDebt	1688000000	USD
CY2019Q1	vac	Debt And Finance Lease Obligations Net DebtAndFinanceLeaseObligationsNet	2201000000	USD
CY2019Q1	us-gaap	Other Liabilities OtherLiabilities	15000000	USD
CY2019Q1	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	332000000	USD
CY2019Q1	us-gaap	Related Party Transaction Due From To Related Party RelatedPartyTransactionDueFromToRelatedParty	0	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	3346000000	USD
CY2019Q1	us-gaap	Minority Interest MinorityInterest	5000000	USD
CY2019Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	9112000000	USD
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	231000000	USD
CY2018Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	383000000	USD
CY2018Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	324000000	USD
CY2018Q4	us-gaap	Notes Receivable Net NotesReceivableNet	2039000000	USD
CY2018Q4	vac	Inventory Timeshare InventoryTimeshare	863000000	USD
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	951000000	USD
CY2018Q4	us-gaap	Goodwill Goodwill	2828000000	USD
CY2018Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1107000000	USD
CY2018Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	0	USD
CY2018Q4	us-gaap	Other Assets OtherAssets	292000000	USD
CY2018Q4	us-gaap	Assets Assets	9018000000	USD
CY2018Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	245000000	USD
CY2018Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	423000000	USD
CY2018Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	211000000	USD
CY2018Q4	us-gaap	Deferred Compensation Liability Current And Noncurrent DeferredCompensationLiabilityCurrentAndNoncurrent	93000000	USD
CY2018Q4	us-gaap	Secured Debt SecuredDebt	1694000000	USD
CY2018Q4	vac	Debt And Finance Lease Obligations Net DebtAndFinanceLeaseObligationsNet	2124000000	USD
CY2018Q4	us-gaap	Other Liabilities OtherLiabilities	12000000	USD
CY2018Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	318000000	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	3461000000	USD
CY2018Q4	us-gaap	Minority Interest MinorityInterest	5000000	USD
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	9018000000	USD
CY2019Q1	us-gaap	Revenues Revenues	1060000000	USD
CY2019Q1	us-gaap	Costs And Expenses CostsAndExpenses	969000000	USD
CY2019Q1	vac	Gains Losses And Other Income Expense Net GainsLossesAndOtherIncomeExpenseNet	8000000	USD
CY2019Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-34000000	USD
CY2019Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	26000000	USD
CY2019Q1	vac	Equityin Earnings Losses From Unconsolidated Subsidiary EquityinEarningsLossesFromUnconsolidatedSubsidiary	0	USD
CY2019Q1	vac	Equity In Net Incomeof Subsidiaries EquityInNetIncomeofSubsidiaries	0	USD
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	15000000	USD
CY2019Q1	us-gaap	Profit Loss ProfitLoss	24000000	USD
CY2019Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	24000000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	28000000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	27000000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-92000000	USD
CY2019Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1000000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	614000000	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	578000000	USD

Files In Submission

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vac-20190331.xsd	Edgar Link	pending
vac-20190331_cal.xml	Edgar Link	unprocessable
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vac-20190331_lab.xml	Edgar Link	unprocessable
vac-20190331_pre.xml	Edgar Link	unprocessable

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$VAC
MARRIOTT VACATIONS WORLDWIDE Corp Stock $vac

2019 Q1 Form 10-Q Financial Statement

#000152435819000019 Filed on May 07, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VAC MARRIOTT VACATIONS WORLDWIDE Corp Stock $vac

2019 Q1 Form 10-Q Financial Statement

#000152435819000019 Filed on May 07, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VAC
MARRIOTT VACATIONS WORLDWIDE Corp Stock $vac