2019 Q4 Form 10-K Financial Statement

#000152435820000011 Filed on March 02, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $1.116B $1.052B $750.0M
YoY Change 6.08% 87.19% 41.51%
Cost Of Revenue $561.0M $510.0M $382.0M
YoY Change 10.0% 75.26% 40.44%
Gross Profit $555.0M $542.0M $368.0M
YoY Change 2.4% 100.0% 42.64%
Gross Profit Margin 49.73% 51.52% 49.07%
Selling, General & Admin $364.0M $383.0M $188.0M
YoY Change -4.96% 96.41% 56.67%
% of Gross Profit 65.59% 70.66% 51.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.00M $33.00M $17.60M
YoY Change 6.06% 534.62% 214.29%
% of Gross Profit 6.31% 6.09% 4.78%
Operating Expenses $399.0M $416.0M $188.0M
YoY Change -4.09% 108.0% 56.67%
Operating Profit $156.0M $126.0M $180.0M
YoY Change 23.81% 77.46% 30.43%
Interest Expense -$32.00M -$31.00M -$14.00M
YoY Change 3.23% 520.0% 600.0%
% of Operating Profit -20.51% -24.6% -7.78%
Other Income/Expense, Net $11.00M $24.00M $0.00
YoY Change -54.17% -1300.0% -100.0%
Pretax Income $109.0M $107.0M -$38.00M
YoY Change 1.87% 72.58% -160.19%
Income Tax $33.00M $43.00M -$2.000M
% Of Pretax Income 30.28% 40.19%
Net Earnings $74.00M $44.00M -$36.00M
YoY Change 68.18% -63.03% -190.0%
Net Earnings / Revenue 6.63% 4.18% -4.8%
Basic Earnings Per Share $1.74 $0.92 -$1.08
Diluted Earnings Per Share $1.71 $0.91 -$1.08
COMMON SHARES
Basic Shares Outstanding 42.04M shares 47.04M shares 32.80M shares
Diluted Shares Outstanding 32.80M shares

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $293.0M $239.0M $449.0M
YoY Change 22.59% -41.56% 2.02%
Cash & Equivalents $287.0M $231.0M $441.0M
Short-Term Investments $6.000M $8.000M $8.000M
Other Short-Term Assets
YoY Change
Inventory $859.0M $863.0M $829.0M
Prepaid Expenses
Receivables $323.0M $324.0M $236.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.469B $1.418B $1.506B
YoY Change 3.6% 57.73% 14.85%
LONG-TERM ASSETS
Property, Plant & Equipment $718.0M $951.0M $952.0M
YoY Change -24.5% 63.12% 275.19%
Goodwill $2.892B $2.828B $2.747B
YoY Change 2.26%
Intangibles $1.027B $1.107B $1.216B
YoY Change -7.23%
Long-Term Investments
YoY Change
Other Assets $414.0M $383.0M $365.0M
YoY Change 8.09% 367.07% 491.57%
Total Long-Term Assets $7.745B $7.600B $7.507B
YoY Change 1.91% 290.54% 396.58%
TOTAL ASSETS
Total Short-Term Assets $1.469B $1.418B $1.506B
Total Long-Term Assets $7.745B $7.600B $7.507B
Total Assets $9.214B $9.018B $9.013B
YoY Change 2.17% 216.98% 219.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $286.0M $301.0M $181.0M
YoY Change -4.98% 107.59% 135.68%
Accrued Expenses $583.0M $456.0M $564.0M
YoY Change 27.85% 96.55% 150.33%
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 $1.056B $928.0M $1.070B
YoY Change 13.79% 108.07% 163.87%
LONG-TERM LIABILITIES
Long-Term Debt $4.087B $3.818B $3.923B
YoY Change 7.05% 248.68% 240.18%
Other Long-Term Liabilities $740.0M $488.0M $233.0M
YoY Change 51.64% 182.08% 59.81%
Total Long-Term Liabilities $4.827B $4.306B $4.156B
YoY Change 12.1% 239.59% 219.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.056B $928.0M $1.070B
Total Long-Term Liabilities $4.827B $4.306B $4.156B
Total Liabilities $6.183B $5.552B $5.492B
YoY Change 11.37% 207.76% 193.09%
SHAREHOLDERS EQUITY
Retained Earnings $569.0M $523.0M $478.0M
YoY Change 8.8% -1.13% 9.58%
Common Stock $3.739B $3.722B $3.698B
YoY Change 0.46% 213.04% 212.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.253B $790.0M $696.0M
YoY Change 58.61% 13.83% 1.0%
Treasury Stock Shares 33.44M shares 11.63M shares 10.41M shares
Shareholders Equity $3.019B $3.461B $3.496B
YoY Change
Total Liabilities & Shareholders Equity $9.214B $9.018B $9.013B
YoY Change 2.17% 216.98% 219.27%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $74.00M $44.00M -$36.00M
YoY Change 68.18% -63.03% -190.0%
Depreciation, Depletion And Amortization $35.00M $33.00M $17.60M
YoY Change 6.06% 534.62% 214.29%
Cash From Operating Activities $202.0M $30.00M $67.00M
YoY Change 573.33% -57.87% 18.17%
INVESTING ACTIVITIES
Capital Expenditures -$14.00M -$23.00M -$9.500M
YoY Change -39.13% 379.17% -4.04%
Acquisitions
YoY Change
Other Investing Activities $50.00M $39.00M -$1.395B
YoY Change 28.21% 38900.0% 69630.0%
Cash From Investing Activities $36.00M $16.00M -$1.423B
YoY Change 125.0% -440.43% 11857.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -41.00M -238.0M $1.671B
YoY Change -82.77% 208.69% 435.58%
NET CHANGE
Cash From Operating Activities 202.0M 30.00M $67.00M
Cash From Investing Activities 36.00M 16.00M -$1.423B
Cash From Financing Activities -41.00M -238.0M $1.671B
Net Change In Cash 197.0M -192.0M $315.0M
YoY Change -202.6% 1711.32% -11.72%
FREE CASH FLOW
Cash From Operating Activities $202.0M $30.00M $67.00M
Capital Expenditures -$14.00M -$23.00M -$9.500M
Free Cash Flow $216.0M $53.00M $76.50M
YoY Change 307.55% -30.26% 14.86%

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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 (i) “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, or (ii) “MVWC,” which shall refer only to Marriott Vacations Worldwide Corporation, without its consolidated subsidiaries). 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 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 (“VIEs”) 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 entities 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;">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;">2019</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, 2019</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;">2018</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, 2018</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;">365</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;">2017</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 31, 2017</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;">366</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 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><span style="font-family:inherit;font-size:10pt;">” 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 </span><span style="font-family:inherit;font-size:10pt;"><span>$53 million</span></span><span style="font-family:inherit;font-size:10pt;"> from Accrued liabilities to Accounts payable;</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>$58 million</span></span><span style="font-family:inherit;font-size:10pt;"> from Accrued liabilities to Advance deposits;</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>$64 million</span></span><span style="font-family:inherit;font-size:10pt;"> from Accrued liabilities to Deferred 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 </span><span style="font-family:inherit;font-size:10pt;text-transform:default;"><span>$2 million</span></span><span style="font-family:inherit;font-size:10pt;"> from Accrued liabilities to Payroll and benefits liability;</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>$3 million</span></span><span style="font-family:inherit;font-size:10pt;"> from Payroll and benefits liability to Accounts payable; 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><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>$20 million</span></span><span style="font-family:inherit;font-size:10pt;"> of other debt from Debt, net to Securitized debt, net.</span></div>
CY2019 vac Percentage Of Assets Liabilities Revenues Expenses And Cash Flows Consolidated And Discussed
PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed
1
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CY2019 vac Threshold Period Past Due For General Reserve Factor Of Trade Accounts Receivable
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P120D
CY2019 us-gaap Threshold Period Past Due For Writeoff Of Trade Accounts Receivable
ThresholdPeriodPastDueForWriteoffOfTradeAccountsReceivable
P180D
CY2019 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
8000000 USD
CY2018 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
6000000 USD
CY2017 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
1000000 USD
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
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19000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
11000000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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57000000 USD
CY2018 vac Business Combinations Pro Forma Acquisitionrelated Costs
BusinessCombinationsProFormaAcquisitionrelatedCosts
54000000 USD
CY2017 vac Business Combinations Pro Forma Acquisitionrelated Costs
BusinessCombinationsProFormaAcquisitionrelatedCosts
208000000 USD
CY2019Q4 vac Number Of Vacation Ownership Units Acquired
NumberOfVacationOwnershipUnitsAcquired
92 vacation_ownership_unit
CY2019 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
4 Property
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
2828000000 USD
CY2019 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
62000000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2000000 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
2892000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4080000000 USD
CY2019 vac Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
275000000 USD
CY2019 us-gaap Revenues
Revenues
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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
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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
CY2017 vac Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
135000000 USD
CY2017 us-gaap Revenues
Revenues
2183000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4080000000 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
CY2019Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
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CY2019Q4 vac Contracts With Customers Accounts Receivable
ContractsWithCustomersAccountsReceivable
164000000 USD
CY2018Q4 vac Contracts With Customers Accounts Receivable
ContractsWithCustomersAccountsReceivable
164000000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
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CY2018Q4 us-gaap Notes Receivable Net
NotesReceivableNet
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CY2019Q4 vac Contractwith Customer Receivable
ContractwithCustomerReceivable
2397000000 USD
CY2018Q4 vac Contractwith Customer Receivable
ContractwithCustomerReceivable
2203000000 USD
CY2019Q4 vac Contract With Customer Liability Advance Deposits
ContractWithCustomerLiabilityAdvanceDeposits
187000000 USD
CY2018Q4 vac Contract With Customer Liability Advance Deposits
ContractWithCustomerLiabilityAdvanceDeposits
171000000 USD
CY2019Q4 vac Contract With Customer Liability Deferred Revenue
ContractWithCustomerLiabilityDeferredRevenue
433000000 USD
CY2018Q4 vac Contract With Customer Liability Deferred Revenue
ContractWithCustomerLiabilityDeferredRevenue
383000000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
620000000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
554000000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
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363000000 USD
CY2019Q4 us-gaap Revenue Remaining Performance Obligation Percentage
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
190000000 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
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
35000000 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
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
225000000 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
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
12000000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-17000000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
49000000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
29000000 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
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
36000000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10000000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
7000000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
77000000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-6000000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
63000000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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28000000 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
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-17000000 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
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5000000 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
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6000000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
57000000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-58000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.042
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.042
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.025
CY2019 vac Effective Income Tax Rate Reconciliation Share Based Compensation Expense Tax Benefit Percent
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0.007
CY2018 vac Effective Income Tax Rate Reconciliation Share Based Compensation Expense Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExpenseTaxBenefitPercent
0.036
CY2017 vac Effective Income Tax Rate Reconciliation Share Based Compensation Expense Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExpenseTaxBenefitPercent
-0.025
CY2019 vac Effective Income Tax Rate Transaction Costs
EffectiveIncomeTaxRateTransactionCosts
0
CY2018 vac Effective Income Tax Rate Transaction Costs
EffectiveIncomeTaxRateTransactionCosts
0.047
CY2017 vac Effective Income Tax Rate Transaction Costs
EffectiveIncomeTaxRateTransactionCosts
0
CY2019 vac Effective Income Tax Rate Reconciliation Permanent Difference
EffectiveIncomeTaxRateReconciliationPermanentDifference
0.039
CY2018 vac Effective Income Tax Rate Reconciliation Permanent Difference
EffectiveIncomeTaxRateReconciliationPermanentDifference
0.042
CY2017 vac Effective Income Tax Rate Reconciliation Permanent Difference
EffectiveIncomeTaxRateReconciliationPermanentDifference
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.012
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.271
CY2019 vac Effective Income Tax Rate Reconciliation Foreign Rate Change Percent
EffectiveIncomeTaxRateReconciliationForeignRateChangePercent
0
CY2018 vac Effective Income Tax Rate Reconciliation Foreign Rate Change Percent
EffectiveIncomeTaxRateReconciliationForeignRateChangePercent
-0.001
CY2017 vac Effective Income Tax Rate Reconciliation Foreign Rate Change Percent
EffectiveIncomeTaxRateReconciliationForeignRateChangePercent
-0.020
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.022
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.039
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.026
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
0.014
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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0.001
CY2019 vac Effective Income Tax Rate Reconciliation Unrecognized Tax Benefits Percent
EffectiveIncomeTaxRateReconciliationUnrecognizedTaxBenefitsPercent
0.031
CY2018 vac Effective Income Tax Rate Reconciliation Unrecognized Tax Benefits Percent
EffectiveIncomeTaxRateReconciliationUnrecognizedTaxBenefitsPercent
0
CY2017 vac Effective Income Tax Rate Reconciliation Unrecognized Tax Benefits Percent
EffectiveIncomeTaxRateReconciliationUnrecognizedTaxBenefitsPercent
0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.007
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.070
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.086
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.011
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.369
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.498
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.019
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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2000000 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
CY2019 vac Business Combination Provisional Information Adjustment Other Liabilities Tax Matters
BusinessCombinationProvisionalInformationAdjustmentOtherLiabilitiesTaxMatters
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CY2019Q4 us-gaap Deferred Tax Assets Inventory
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111000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
145000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
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74000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
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84000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
12000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
22000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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64000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
54000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
61000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
59000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
37000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
24000000 USD
CY2019Q4 vac Deferred Tax Assets Rightofuse Asset
DeferredTaxAssetsRightofuseAsset
3000000 USD
CY2018Q4 vac Deferred Tax Assets Rightofuse Asset
DeferredTaxAssetsRightofuseAsset
0 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
58000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
21000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
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420000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
409000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
97000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
106000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
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323000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Net
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303000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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234000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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234000000 USD
CY2019Q4 vac Deferred Tax Deferred Vacation Ownership Interests Sales
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357000000 USD
CY2018Q4 vac Deferred Tax Deferred Vacation Ownership Interests Sales
DeferredTaxDeferredVacationOwnershipInterestsSales
377000000 USD
CY2019Q4 vac Deferred Tax Liabilities Rightofuse Liability
DeferredTaxLiabilitiesRightofuseLiability
3000000 USD
CY2018Q4 vac Deferred Tax Liabilities Rightofuse Liability
DeferredTaxLiabilitiesRightofuseLiability
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CY2019Q4 us-gaap Deferred Income Tax Liabilities
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CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
611000000 USD
CY2019Q4 vac Deferred Tax Liabilities Net Excluding Certain Deferred Tax Assets
DeferredTaxLiabilitiesNetExcludingCertainDeferredTaxAssets
271000000 USD
CY2018Q4 vac Deferred Tax Liabilities Net Excluding Certain Deferred Tax Assets
DeferredTaxLiabilitiesNetExcludingCertainDeferredTaxAssets
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CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
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1000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2017Q4 us-gaap Unrecognized Tax Benefits
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
18000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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21000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
21000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
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CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
41000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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1000000 USD
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CY2018Q4 us-gaap Notes Receivable Net
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CY2019 vac Impairment Recognized On Acquired Vacation Ownership Notes Receivable
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CY2019 vac Interest On Notes Receivable
InterestOnNotesReceivable
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CY2018 vac Interest On Notes Receivable
InterestOnNotesReceivable
175000000 USD
CY2017 vac Interest On Notes Receivable
InterestOnNotesReceivable
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CY2016Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
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CY2017 us-gaap Provision For Loan Losses Expensed
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CY2017 vac Securitized Financing Receivable
SecuritizedFinancingReceivable
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CY2017 vac Time Sharing Transactions Clean Up Of Warehouse Credit Facility
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CY2017 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
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CY2017 vac Financing Receivable Allowance For Credit Losses Repurchase Activity
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CY2017Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
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CY2018 us-gaap Provision For Loan Losses Expensed
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64000000 USD
CY2018 vac Securitized Financing Receivable
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0 USD
CY2018 vac Time Sharing Transactions Clean Up Of Warehouse Credit Facility
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0 USD
CY2018 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
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43000000 USD
CY2018 vac Financing Receivable Allowance For Credit Losses Repurchase Activity
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CY2018Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
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CY2019 us-gaap Provision For Loan Losses Expensed
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CY2019 vac Securitized Financing Receivable
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0 USD
CY2019 vac Time Sharing Transactions Clean Up Of Warehouse Credit Facility
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0 USD
CY2019 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
48000000 USD
CY2019 vac Financing Receivable Allowance For Credit Losses Repurchase Activity
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CY2019Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
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CY2019Q4 us-gaap Marketable Securities
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CY2019 us-gaap Net Income Loss
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138000000 USD
CY2018 us-gaap Net Income Loss
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CY2017 us-gaap Net Income Loss
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235000000 USD
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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43900000 shares
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
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3.13
CY2018 us-gaap Earnings Per Share Basic
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CY2017 us-gaap Earnings Per Share Basic
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CY2019 us-gaap Net Income Loss
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CY2018 us-gaap Net Income Loss
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55000000 USD
CY2017 us-gaap Net Income Loss
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235000000 USD
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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43900000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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33300000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27100000 shares
CY2019 vac Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
300000 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
CY2019 vac Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
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
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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44500000 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
CY2019 us-gaap Earnings Per Share Diluted
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3.09
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2019Q4 us-gaap Inventory Real Estate Timeshare Available For Sale
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777000000 USD
CY2018Q4 us-gaap Inventory Real Estate Timeshare Available For Sale
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843000000 USD
CY2019Q4 us-gaap Inventory Work In Process
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CY2018Q4 us-gaap Inventory Work In Process
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CY2019Q4 vac Inventory Timeshare Gross
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CY2018Q4 vac Inventory Timeshare Gross
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CY2019Q4 us-gaap Other Inventory
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13000000 USD
CY2018Q4 us-gaap Other Inventory
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11000000 USD
CY2019Q4 vac Inventory Timeshare
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859000000 USD
CY2018Q4 vac Inventory Timeshare
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863000000 USD
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55000000 USD
CY2019Q4 us-gaap Land
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280000000 USD
CY2018Q4 us-gaap Land
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466000000 USD
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389000000 USD
CY2018Q4 us-gaap Buildings And Improvements Gross
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404000000 USD
CY2019Q4 us-gaap Fixtures And Equipment Gross
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94000000 USD
CY2018Q4 us-gaap Fixtures And Equipment Gross
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88000000 USD
CY2019Q4 vac Information Technology Assets Gross
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312000000 USD
CY2018Q4 vac Information Technology Assets Gross
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297000000 USD
CY2019Q4 us-gaap Construction In Progress Gross
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82000000 USD
CY2018Q4 us-gaap Construction In Progress Gross
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32000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
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1157000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
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1287000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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406000000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
336000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
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751000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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951000000 USD
CY2019Q4 vac Surety Bonds
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CY2018Q2 vac Fraudulently Induced Electronic Payment Disbursements Made To Third Parties
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10000000 USD
CY2018 vac Recovered Fraudulently Induced Electronic Payment Disbursementsmadeto Third Parties
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CY2019Q4 us-gaap Operating Lease Right Of Use Asset
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CY2019Q4 us-gaap Finance Lease Right Of Use Asset
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13000000 USD
CY2019Q4 vac Lease Rightof Use Asset
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155000000 USD
CY2019Q4 us-gaap Operating Lease Liability
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151000000 USD
CY2019Q4 us-gaap Finance Lease Liability
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14000000 USD
CY2019Q4 vac Lease Liability
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165000000 USD
CY2019 us-gaap Operating Lease Cost
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33000000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
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5000000 USD
CY2019 us-gaap Finance Lease Interest Expense
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CY2019 us-gaap Variable Lease Cost
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5000000 USD
CY2019 us-gaap Lease Cost
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CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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34000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
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11000000 USD
CY2019Q4 vac Lessee Liability Payments Remainderof Fiscal Year
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45000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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24000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
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2000000 USD
CY2019Q4 vac Lessee Liability Payments Due Year Two
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26000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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20000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
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1000000 USD
CY2019Q4 vac Lessee Liability Payments Due Year Three
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21000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
19000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
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CY2019Q4 vac Lessee Liability Payments Due Year Four
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19000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
17000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
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CY2019Q4 vac Lessee Liability Payments Due Year Five
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17000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
116000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2019Q4 vac Lessee Liability Payments Dueafter Year Five
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CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
230000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
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14000000 USD
CY2019Q4 vac Lessee Liability Payments Due
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244000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
79000000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 USD
CY2019Q4 vac Lessee Liability Undiscounted Excess Amount
LesseeLiabilityUndiscountedExcessAmount
79000000 USD
CY2019Q4 us-gaap Operating Lease Liability
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151000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
14000000 USD
CY2019Q4 vac Lease Liability
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165000000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y6M
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1M
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.049
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
39000000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
12000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
33000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3000000 USD
CY2019Q4 vac Secured Debt Net
SecuredDebtNet
1871000000 USD
CY2018Q4 vac Secured Debt Net
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1714000000 USD
CY2019Q2 vac Valuesof Vacation Ownership Notes Receivablethat Were Purchased By Trust Duringthe Period
ValuesofVacationOwnershipNotesReceivablethatWerePurchasedByTrustDuringthePeriod
459000000 USD
CY2019Q4 vac Valuesof Vacation Ownership Notes Receivablethat Were Purchased By Trust Duringthe Period
ValuesofVacationOwnershipNotesReceivablethatWerePurchasedByTrustDuringthePeriod
315000000 USD
CY2019Q2 vac Valuesof Vacation Ownership Notes Receivablethat Were Purchased By Trust Duringthe Period
ValuesofVacationOwnershipNotesReceivablethatWerePurchasedByTrustDuringthePeriod
90000000 USD
CY2019 vac Number Of Notes Receivable Pools Under Performance Triggers
NumberOfNotesReceivablePoolsUnderPerformanceTriggers
0 Loan
CY2019Q4 vac Number Of Consolidated Notes Receivable Pools Outstanding
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12 Loan
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