2020 Q1 Form 10-Q Financial Statement
#000152435820000029 Filed on May 22, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
Revenue | $1.010B | $1.116B | $1.034B |
YoY Change | -2.32% | 6.08% | 81.09% |
Cost Of Revenue | $554.0M | $561.0M | $520.0M |
YoY Change | 6.54% | 10.0% | 70.72% |
Gross Profit | $456.0M | $555.0M | $514.0M |
YoY Change | -11.28% | 2.4% | 93.02% |
Gross Profit Margin | 45.15% | 49.73% | 49.71% |
Selling, General & Admin | $240.0M | $364.0M | $253.0M |
YoY Change | -5.14% | -4.96% | 90.23% |
% of Gross Profit | 52.63% | 65.59% | 49.22% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $32.00M | $35.00M | $37.00M |
YoY Change | -13.51% | 6.06% | 560.6% |
% of Gross Profit | 7.02% | 6.31% | 7.2% |
Operating Expenses | $240.0M | $399.0M | $253.0M |
YoY Change | -5.14% | -4.09% | 90.23% |
Operating Profit | $216.0M | $156.0M | $261.0M |
YoY Change | -17.24% | 23.81% | 95.8% |
Interest Expense | -$33.00M | -$32.00M | -$34.00M |
YoY Change | -2.94% | 3.23% | 750.0% |
% of Operating Profit | -15.28% | -20.51% | -13.03% |
Other Income/Expense, Net | -$3.000M | $11.00M | $0.00 |
YoY Change | -54.17% | -100.0% | |
Pretax Income | -$163.0M | $109.0M | $39.00M |
YoY Change | -517.95% | 1.87% | -16.47% |
Income Tax | -$58.00M | $33.00M | $15.00M |
% Of Pretax Income | 30.28% | 38.46% | |
Net Earnings | -$106.0M | $74.00M | $24.00M |
YoY Change | -541.67% | 68.18% | -33.33% |
Net Earnings / Revenue | -10.5% | 6.63% | 2.32% |
Basic Earnings Per Share | -$2.56 | $1.74 | $0.52 |
Diluted Earnings Per Share | -$2.56 | $1.71 | $0.51 |
COMMON SHARES | |||
Basic Shares Outstanding | 41.50M shares | 42.04M shares | 45.60M shares |
Diluted Shares Outstanding | 41.50M shares | 46.10M shares |
Balance Sheet
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $656.0M | $293.0M | $229.0M |
YoY Change | 186.46% | 22.59% | -29.28% |
Cash & Equivalents | $651.0M | $287.0M | $222.0M |
Short-Term Investments | $5.000M | $6.000M | $7.000M |
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $776.0M | $859.0M | $910.0M |
Prepaid Expenses | |||
Receivables | $267.0M | $323.0M | $277.0M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.694B | $1.469B | $1.409B |
YoY Change | 20.23% | 3.6% | 26.5% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $833.0M | $718.0M | $848.0M |
YoY Change | -1.77% | -24.5% | 237.49% |
Goodwill | $2.817B | $2.892B | $2.828B |
YoY Change | -0.39% | 2.26% | |
Intangibles | $989.0M | $1.027B | $1.092B |
YoY Change | -9.43% | -7.23% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $369.0M | $414.0M | $356.0M |
YoY Change | 3.65% | 8.09% | 480.75% |
Total Long-Term Assets | $7.738B | $7.745B | $7.703B |
YoY Change | 0.45% | 1.91% | 367.94% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.694B | $1.469B | $1.409B |
Total Long-Term Assets | $7.738B | $7.745B | $7.703B |
Total Assets | $9.432B | $9.214B | $9.112B |
YoY Change | 3.51% | 2.17% | 230.15% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $169.0M | $286.0M | $168.0M |
YoY Change | 0.6% | -4.98% | 110.0% |
Accrued Expenses | $508.0M | $583.0M | $692.0M |
YoY Change | -26.59% | 27.85% | 240.22% |
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 | $838.0M | $1.056B | $988.0M |
YoY Change | -15.18% | 13.79% | 148.49% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $4.704B | $4.087B | $3.904B |
YoY Change | 20.49% | 7.05% | 285.62% |
Other Long-Term Liabilities | $828.0M | $740.0M | $537.0M |
YoY Change | 54.19% | 51.64% | 186.86% |
Total Long-Term Liabilities | $5.532B | $4.827B | $4.441B |
YoY Change | 24.57% | 12.1% | 270.21% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $838.0M | $1.056B | $988.0M |
Total Long-Term Liabilities | $5.532B | $4.827B | $4.441B |
Total Liabilities | $6.660B | $6.183B | $5.761B |
YoY Change | 15.6% | 11.37% | 240.14% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $441.0M | $569.0M | $519.0M |
YoY Change | -15.03% | 8.8% | -6.44% |
Common Stock | $3.730B | $3.739B | $3.718B |
YoY Change | 0.32% | 0.46% | 213.89% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $1.335B | $1.253B | $895.0M |
YoY Change | 49.16% | 58.61% | 28.6% |
Treasury Stock Shares | 34.20M shares | 33.44M shares | 12.86M shares |
Shareholders Equity | $2.759B | $3.019B | $3.346B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $9.432B | $9.214B | $9.112B |
YoY Change | 3.51% | 2.17% | 230.15% |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$106.0M | $74.00M | $24.00M |
YoY Change | -541.67% | 68.18% | -33.33% |
Depreciation, Depletion And Amortization | $32.00M | $35.00M | $37.00M |
YoY Change | -13.51% | 6.06% | 560.6% |
Cash From Operating Activities | -$122.0M | $202.0M | $28.00M |
YoY Change | -535.71% | 573.33% | 21.74% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $17.00M | -$14.00M | $10.00M |
YoY Change | 70.0% | -39.13% | 233.33% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$4.000M | $50.00M | $37.00M |
YoY Change | -110.81% | 28.21% | -511.11% |
Cash From Investing Activities | -$21.00M | $36.00M | $27.00M |
YoY Change | -177.78% | 125.0% | -325.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $45.00M | $41.00M | |
YoY Change | 9.76% | 95.24% | |
Common Stock Issuance & Retirement, Net | $82.00M | $106.0M | |
YoY Change | -22.64% | 5200.0% | |
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $468.0M | -41.00M | -$92.00M |
YoY Change | -608.7% | -82.77% | -22.69% |
NET CHANGE | |||
Cash From Operating Activities | -$122.0M | 202.0M | $28.00M |
Cash From Investing Activities | -$21.00M | 36.00M | $27.00M |
Cash From Financing Activities | $468.0M | -41.00M | -$92.00M |
Net Change In Cash | $319.0M | 197.0M | -$36.00M |
YoY Change | -986.11% | -202.6% | -66.04% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$122.0M | $202.0M | $28.00M |
Capital Expenditures | $17.00M | -$14.00M | $10.00M |
Free Cash Flow | -$139.0M | $216.0M | $18.00M |
YoY Change | -872.22% | 307.55% | -10.0% |
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187000000 | USD |
CY2020Q1 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
344000000 | USD |
CY2019Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
397000000 | USD |
CY2020Q1 | vac |
Contract With Customer Liability Deferred Revenue
ContractWithCustomerLiabilityDeferredRevenue
|
536000000 | USD |
CY2020Q1 | us-gaap |
Assets
Assets
|
9432000000 | USD |
CY2020Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
95000000 | USD |
CY2019Q4 | vac |
Contract With Customer Liability Deferred Revenue
ContractWithCustomerLiabilityDeferredRevenue
|
433000000 | USD |
CY2020Q1 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
164000000 | USD |
CY2019Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
186000000 | USD |
CY2020Q1 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
103000000 | USD |
CY2019Q4 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
110000000 | USD |
CY2020Q1 | us-gaap |
Secured Debt
SecuredDebt
|
1926000000 | USD |
CY2019Q4 | us-gaap |
Secured Debt
SecuredDebt
|
1871000000 | USD |
CY2020Q1 | vac |
Debt And Finance Lease Obligations Net
DebtAndFinanceLeaseObligationsNet
|
2778000000 | USD |
CY2019Q4 | vac |
Debt And Finance Lease Obligations Net
DebtAndFinanceLeaseObligationsNet
|
2216000000 | USD |
CY2020Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
189000000 | USD |
CY2019Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
197000000 | USD |
CY2020Q1 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
290000000 | USD |
CY2019Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
300000000 | USD |
CY2020Q1 | us-gaap |
Liabilities
Liabilities
|
6660000000 | USD |
CY2019Q4 | us-gaap |
Liabilities
Liabilities
|
6183000000 | USD |
CY2020Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2019Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2020Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2019Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2020Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
1000000 | USD |
CY2019Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1000000 | USD |
CY2020Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1335000000 | USD |
CY2019Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1253000000 | USD |
CY2020Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3729000000 | USD |
CY2019Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3738000000 | USD |
CY2020Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-77000000 | USD |
CY2019Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-36000000 | USD |
CY2020Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
441000000 | USD |
CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
569000000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2759000000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3019000000 | USD |
CY2020Q1 | us-gaap |
Minority Interest
MinorityInterest
|
13000000 | USD |
CY2019Q4 | us-gaap |
Minority Interest
MinorityInterest
|
12000000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2772000000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3031000000 | USD |
CY2020Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9432000000 | USD |
CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9214000000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-105000000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
24000000 | USD |
CY2020Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
32000000 | USD |
CY2019Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
37000000 | USD |
CY2019Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
26000000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
5000000 | USD |
CY2020Q1 | vac |
Noncash Income Tax Expense Benefit
NoncashIncomeTaxExpenseBenefit
|
-10000000 | USD |
CY2019Q1 | vac |
Noncash Income Tax Expense Benefit
NoncashIncomeTaxExpenseBenefit
|
5000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-45000000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-2000000 | USD |
CY2020Q1 | vac |
Increase Decrease In Notes Receivable Originations
IncreaseDecreaseInNotesReceivableOriginations
|
-174000000 | USD |
CY2019Q1 | vac |
Increase Decrease In Notes Receivable Originations
IncreaseDecreaseInNotesReceivableOriginations
|
-194000000 | USD |
CY2019Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
5000000 | USD |
CY2020Q1 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
71000000 | USD |
CY2019Q1 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
20000000 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3000000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7000000 | USD |
CY2019Q1 | vac |
Increase Decrease In Notes Receivable Collections
IncreaseDecreaseInNotesReceivableCollections
|
-154000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
8000000 | USD |
CY2020Q1 | vac |
Increase Decrease In Notes Receivable Collections
IncreaseDecreaseInNotesReceivableCollections
|
-174000000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
701000000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-92000000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-39000000 | USD |
CY2020Q1 | vac |
Purchase Of Vacation Ownership Units For Future Transfer To Inventory
PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory
|
61000000 | USD |
CY2019Q1 | vac |
Purchase Of Vacation Ownership Units For Future Transfer To Inventory
PurchaseOfVacationOwnershipUnitsForFutureTransferToInventory
|
0 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
83000000 | USD |
CY2020Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-6000000 | USD |
CY2019Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1000000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
102000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-184000000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-83000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
107000000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
117000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-20000000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-41000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
-7000000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
6000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-7000000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
2000000 | USD |
CY2020Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
5000000 | USD |
CY2019Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
4000000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-122000000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
28000000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
17000000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
10000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
0 | USD |
CY2019Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
38000000 | USD |
CY2020Q1 | us-gaap |
Payments For Proceeds From Life Insurance Policies
PaymentsForProceedsFromLifeInsurancePolicies
|
4000000 | USD |
CY2019Q1 | us-gaap |
Payments For Proceeds From Life Insurance Policies
PaymentsForProceedsFromLifeInsurancePolicies
|
1000000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-21000000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
27000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
202000000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
124000000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
148000000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
133000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
666000000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
125000000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
102000000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
52000000 | USD |
CY2020Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
9000000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
0 | USD |
CY2020Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
82000000 | USD |
CY2019Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
106000000 | USD |
CY2020Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
45000000 | USD |
CY2019Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
41000000 | USD |
CY2020Q1 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
14000000 | USD |
CY2019Q1 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
9000000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
468000000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
319000000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-36000000 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
614000000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1020000000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
578000000 | USD |
CY2020Q1 | vac |
Transfer From Property And Equipment To Inventory
TransferFromPropertyAndEquipmentToInventory
|
0 | USD |
CY2019Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
12000000 | USD |
CY2019Q1 | vac |
Transfer From Property And Equipment To Inventory
TransferFromPropertyAndEquipmentToInventory
|
64000000 | USD |
CY2020Q1 | vac |
Transfer From Inventory To Property And Equipment
TransferFromInventoryToPropertyAndEquipment
|
65000000 | USD |
CY2019Q1 | vac |
Transfer From Inventory To Property And Equipment
TransferFromInventoryToPropertyAndEquipment
|
0 | USD |
CY2020Q1 | us-gaap |
Stock Issued1
StockIssued1
|
1000000 | USD |
CY2019Q1 | vac |
Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
|
68000000 | USD |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
1034000000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-105000000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-17000000 | USD |
CY2019Q1 | us-gaap |
Stock Issued1
StockIssued1
|
1000000 | USD |
CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
58000000 | USD |
CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
54000000 | USD |
CY2020Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
4000000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3031000000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-24000000 | USD |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
-9000000 | USD |
CY2020Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
82000000 | USD |
CY2020Q1 | us-gaap |
Dividends
Dividends
|
22000000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
0 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2772000000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3466000000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
|
3458000000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
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 Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-3000000 | USD |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
-4000000 | USD |
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 |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3351000000 | USD |
CY2020Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="line-height:120%;text-align:left;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;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><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 (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 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 </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> (the “</span><span style="font-family:inherit;font-size:10pt;">2019</span><span style="font-family:inherit;font-size:10pt;"> 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;"><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 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. The uncertainty created by the </span><span style="font-family:inherit;font-size:10pt;">COVID-19 pandemic</span><span style="font-family:inherit;font-size:10pt;"> (defined below), and efforts to contain it, has made such estimates more difficult and subjective. Accordingly, ultimate results could differ from those estimates.</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 impact of the </span><span style="font-family:inherit;font-size:10pt;color:#000000;">COVID-19 pandemic</span><span style="font-family:inherit;font-size:10pt;"> (defined below) and 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 </span><span style="font-family:inherit;font-size:10pt;">2019</span><span style="font-family:inherit;font-size:10pt;"> 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:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">COVID-19 Pandemic</span></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In March 2020, the World Health Organization declared the coronavirus (COVID-19) a global pandemic (the “</span><span style="font-family:inherit;font-size:10pt;">COVID-19 pandemic</span><span style="font-family:inherit;font-size:10pt;">”). National, federal, state, and local governments have since implemented various restrictions, border closings, restrictions on public gatherings, quarantining of people who may have been exposed to the virus, shelter-in-place restrictions and limitations on business operations. The speed with which the effects of the </span><span style="font-family:inherit;font-size:10pt;">COVID-19 pandemic</span><span style="font-family:inherit;font-size:10pt;"> have changed the U.S. and global economic landscape, outlook and, in particular, the travel and hospitality industries has been swift and unexpected.</span></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> Our business has experienced significant disruptions due to the unprecedented conditions surrounding the </span><span style="font-family:inherit;font-size:10pt;color:#000000;">COVID-19 pandemic</span><span style="font-family:inherit;font-size:10pt;">. In our Vacation Ownership business, in response to quickly accelerating travel restrictions and restrictions on business operations as a result of the </span><span style="font-family:inherit;font-size:10pt;">COVID-19 pandemic</span><span style="font-family:inherit;font-size:10pt;">, we have closed all of our sales centers, and, beginning March 25, 2020, we closed our resorts for rental guests with stays at our branded North America vacation ownership resorts. In addition, based on various governmental mandates and advisories, we have closed many of our resorts, and have reduced operations and amenities at our resorts that remain open. At this time, we are unable to determine when we will be able to re-open our sales </span></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">centers, and the re-opening of our resorts is dependent upon when, and the extent to which, government restrictions are lifted, which cannot be determined at this time. Additionally, in our Exchange & Third-Party Management business, the closures of certain affiliated resorts and managed properties had a significant impact on our business, and we have implemented certain temporary adjustments to cancellation policies for near-term travel.</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 also implemented furloughs and reduced work hours for our associates and have instituted “work from home” measures for many of our associates. We are monitoring the situation and will reopen our sales centers as conditions permit; however, extended or further closures may be required. This situation is unprecedented and rapidly changing and has unknown duration and severity. </span></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">See </span><span style="font-family:inherit;font-size:10pt;">Footnote 12</span><span style="font-family:inherit;font-size:10pt;"> “</span><span style="font-family:inherit;font-size:10pt;">Securitized Debt</span><span style="font-family:inherit;font-size:10pt;">” and </span><span style="font-family:inherit;font-size:10pt;">Footnote 13</span><span style="font-family:inherit;font-size:10pt;"> “</span><span style="font-family:inherit;font-size:10pt;">Debt</span><span style="font-family:inherit;font-size:10pt;">” for discussion of events subsequent to the first quarter of 2020 related to our financial flexibility in light of the impact on global markets resulting from the COVID-19 pandemic. </span></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</span></div>We have reclassified certain prior year amounts to conform to our current year presentation. | |
CY2020Q1 | vac |
Percentage Of Assets Liabilities Revenues Expenses And Cash Flows Consolidated And Discussed
PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed
|
1 | |
CY2020Q1 | us-gaap |
Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration Increase
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
|
2000000 | USD |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
938000000 | USD |
CY2020Q1 | vac |
Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
|
72000000 | USD |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
1010000000 | USD |
CY2019Q1 | vac |
Revenues Cost Reimbursement
RevenuesCostReimbursement
|
287000000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
966000000 | USD |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
938000000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
966000000 | USD |
CY2020Q1 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
-46000000 | USD |
CY2020Q1 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
0 | USD |
CY2020Q1 | vac |
Contracts With Customers Accounts Receivable
ContractsWithCustomersAccountsReceivable
|
123000000 | USD |
CY2019Q4 | vac |
Contracts With Customers Accounts Receivable
ContractsWithCustomersAccountsReceivable
|
166000000 | USD |
CY2020Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
2159000000 | USD |
CY2019Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
2233000000 | USD |
CY2020Q1 | vac |
Contractwith Customer Receivable
ContractwithCustomerReceivable
|
2282000000 | USD |
CY2019Q4 | vac |
Contractwith Customer Receivable
ContractwithCustomerReceivable
|
2399000000 | USD |
CY2020Q1 | vac |
Contract With Customer Liability Advance Deposits
ContractWithCustomerLiabilityAdvanceDeposits
|
161000000 | USD |
CY2019Q4 | vac |
Contract With Customer Liability Advance Deposits
ContractWithCustomerLiabilityAdvanceDeposits
|
187000000 | USD |
CY2020Q1 | vac |
Contract With Customer Liability Deferred Revenue
ContractWithCustomerLiabilityDeferredRevenue
|
536000000 | USD |
CY2019Q4 | vac |
Contract With Customer Liability Deferred Revenue
ContractWithCustomerLiabilityDeferredRevenue
|
433000000 | USD |
CY2020Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
697000000 | USD |
CY2019Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
620000000 | USD |
CY2020Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
117000000 | USD |
CY2020Q1 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.90 | |
CY2020Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.354 | |
CY2019Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.404 | |
CY2019Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
21000000 | USD |
CY2020Q1 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
10000000 | USD |
CY2020Q1 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
1000000 | USD |
CY2020Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
10000000 | USD |
CY2020Q1 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
10000000 | USD |
CY2019Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
21000000 | USD |
CY2020Q1 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
17000000 | USD |
CY2019Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
41000000 | USD |
CY2020Q1 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
|
32000000 | USD |
CY2020Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
2159000000 | USD |
CY2019Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
2233000000 | USD |
CY2020Q1 | vac |
Interest On Notes Receivable
InterestOnNotesReceivable
|
69000000 | USD |
CY2019Q1 | vac |
Interest On Notes Receivable
InterestOnNotesReceivable
|
65000000 | USD |
CY2020Q1 | vac |
Financing Receivable Allowancefor Credit Loss Percentage Increase
FinancingReceivableAllowanceforCreditLossPercentageIncrease
|
0.50 | |
CY2020Q1 | vac |
Financing Receivable Allowancefor Credit Loss Percentage Increase Period
FinancingReceivableAllowanceforCreditLossPercentageIncreasePeriod
|
P15M | |
CY2020Q1 | us-gaap |
Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration Increase
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
|
2000000 | USD |
CY2020Q1 | vac |
Notes Receivable Estimated Average Default Rates
NotesReceivableEstimatedAverageDefaultRates
|
0.0889 | |
CY2019Q4 | vac |
Notes Receivable Estimated Average Default Rates
NotesReceivableEstimatedAverageDefaultRates
|
0.0704 | |
CY2020Q1 | vac |
Result Of Increase In Estimated Default Rate
ResultOfIncreaseInEstimatedDefaultRate
|
0.005 | |
CY2020Q1 | vac |
Financing Receivable Allowance For Credit Losses That Would Have Been Increased
FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased
|
8000000 | USD |
CY2020Q1 | vac |
Weighted Average Fico Score Within Originated Loan Pool
WeightedAverageFicoScoreWithinOriginatedLoanPool
|
711 | credit_score |
CY2019Q4 | vac |
Weighted Average Fico Score Within Originated Loan Pool
WeightedAverageFicoScoreWithinOriginatedLoanPool
|
712 | credit_score |
CY2020Q1 | vac |
Average Estimated Rate Of Default For All Outstanding Loans
AverageEstimatedRateOfDefaultForAllOutstandingLoans
|
0.1700 | |
CY2019Q4 | vac |
Average Estimated Rate Of Default For All Outstanding Loans
AverageEstimatedRateOfDefaultForAllOutstandingLoans
|
0.1265 | |
CY2020Q1 | us-gaap |
Marketable Securities
MarketableSecurities
|
5000000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-106000000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
24000000 | USD |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
41500000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45600000 | shares |
CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.56 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.52 | |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-106000000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
24000000 | USD |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
41500000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45600000 | shares |
CY2020Q1 | vac |
Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
|
0 | shares |
CY2019Q1 | vac |
Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
|
300000 | shares |
CY2020Q1 | vac |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
0 | shares |
CY2019Q1 | vac |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
200000 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
41500000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
46100000 | shares |
CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.56 | |
CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.51 | |
CY2020Q1 | us-gaap |
Inventory Real Estate Timeshare Available For Sale
InventoryRealEstateTimeshareAvailableForSale
|
741000000 | USD |
CY2019Q4 | us-gaap |
Inventory Real Estate Timeshare Available For Sale
InventoryRealEstateTimeshareAvailableForSale
|
777000000 | USD |
CY2020Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
21000000 | USD |
CY2019Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
69000000 | USD |
CY2020Q1 | vac |
Inventory Timeshare Gross
InventoryTimeshareGross
|
762000000 | USD |
CY2019Q4 | vac |
Inventory Timeshare Gross
InventoryTimeshareGross
|
846000000 | USD |
CY2020Q1 | vac |
Operating Supplies And Inventories
OperatingSuppliesAndInventories
|
14000000 | USD |
CY2019Q4 | vac |
Operating Supplies And Inventories
OperatingSuppliesAndInventories
|
13000000 | USD |
CY2020Q1 | vac |
Inventory Timeshare
InventoryTimeshare
|
776000000 | USD |
CY2019Q4 | vac |
Inventory Timeshare
InventoryTimeshare
|
859000000 | USD |
CY2020Q1 | vac |
Real Estate Inventory Increase Decrease True Up
RealEstateInventoryIncreaseDecreaseTrueUp
|
8000000 | USD |
CY2019Q1 | vac |
Real Estate Inventory Increase Decrease True Up
RealEstateInventoryIncreaseDecreaseTrueUp
|
3000000 | USD |
CY2020Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
4000000 | USD |
CY2020Q1 | vac |
Amount Of Completed Vacation Ownership Units Classified As Property And Equipment
AmountOfCompletedVacationOwnershipUnitsClassifiedAsPropertyAndEquipment
|
147000000 | USD |
CY2020Q1 | vac |
Depositson Future Purchasesof Inventory
DepositsonFuturePurchasesofInventory
|
39000000 | USD |
CY2019Q4 | vac |
Depositson Future Purchasesof Inventory
DepositsonFuturePurchasesofInventory
|
38000000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
7000000 | USD |
CY2019Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
2892000000 | USD |
CY2020Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
73000000 | USD |
CY2020Q1 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-2000000 | USD |
CY2020Q1 | us-gaap |
Goodwill Gross
GoodwillGross
|
2817000000 | USD |
CY2020Q1 | vac |
Surety Bonds
SuretyBonds
|
103000000 | USD |
CY2020Q1 | us-gaap |
Time Sharing Transactions Estimated Cost To Complete Improvements And Promised Amenities
TimeSharingTransactionsEstimatedCostToCompleteImprovementsAndPromisedAmenities
|
7000000 | USD |
CY2020Q1 | vac |
Time Sharing Estimated Cost To Complete Accrued
TimeSharingEstimatedCostToCompleteAccrued
|
-4000000 | USD |
CY2020Q1 | us-gaap |
Lessee Finance Lease Lease Not Yet Commenced Term Of Contract1
LesseeFinanceLeaseLeaseNotYetCommencedTermOfContract1
|
P16Y | |
CY2020Q1 | vac |
Lessee Finance Lease Lease Notyet Commenced Right Of Use Asset
LesseeFinanceLeaseLeaseNotyetCommencedRightOfUseAsset
|
129000000 | USD |
CY2020Q1 | vac |
Secured Debt Net
SecuredDebtNet
|
1926000000 | USD |
CY2019Q4 | vac |
Secured Debt Net
SecuredDebtNet
|
1871000000 | USD |
CY2020Q1 | vac |
Number Of Notes Receivable Pools Under Performance Triggers
NumberOfNotesReceivablePoolsUnderPerformanceTriggers
|
0 | Loan |
CY2020Q1 | vac |
Number Of Consolidated Notes Receivable Pools Outstanding
NumberOfConsolidatedNotesReceivablePoolsOutstanding
|
12 | Loan |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
9000000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
239000000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
605000000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
9000000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
1948000000 | USD |
CY2020Q1 | vac |
Debt And Finance Lease Obligations Gross
DebtAndFinanceLeaseObligationsGross
|
2817000000 | USD |
CY2019Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.54 | |
CY2020Q1 | us-gaap |
Debt Instrument Convertible Remaining Discount Amortization Period1
DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1
|
P2Y6M | |
CY2019Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.54 | |
CY2020Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2020Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2020Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
75235823 | shares |
CY2020Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
41039198 | shares |
CY2020Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
34196625 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
75020272 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
41582096 | shares |
CY2019Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
33438176 | shares |
CY2020Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2000000 | shares |
CY2020Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2020Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2019Q3 | vac |
Stock Repurchase Program Number Of Additional Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfAdditionalSharesAuthorizedToBeRepurchased
|
4500000 | shares |
CY2020Q1 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
19400000 | shares |
CY2020Q1 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
1900000 | shares |
CY2020Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.54 | |
CY2020Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4000000 | USD |
CY2019Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9000000 | USD |
CY2020Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
46000000 | USD |
CY2019Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
31000000 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.3881 | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0213 | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0096 | |
CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y3M | |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-58000000 | USD |
CY2020Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | Segment |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
1010000000 | USD |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
1034000000 | USD |
CY2020Q1 | vac |
Corporateand Other Income Expense
CorporateandOtherIncomeExpense
|
50000000 | USD |
CY2019Q1 | vac |
Corporateand Other Income Expense
CorporateandOtherIncomeExpense
|
60000000 | USD |
CY2020Q1 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-33000000 | USD |
CY2019Q1 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-34000000 | USD |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
15000000 | USD |
CY2020Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
32000000 | USD |
CY2019Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
37000000 | USD |
CY2020Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4000000 | USD |
CY2019Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9000000 | USD |
CY2020Q1 | vac |
Certain Items Adjusted Ebitda Reconciliation
CertainItemsAdjustedEBITDAReconciliation
|
233000000 | USD |
CY2019Q1 | vac |
Certain Items Adjusted Ebitda Reconciliation
CertainItemsAdjustedEBITDAReconciliation
|
47000000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-106000000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
24000000 | USD |
CY2020Q1 | us-gaap |
Assets
Assets
|
9432000000 | USD |
CY2019Q4 | us-gaap |
Assets
Assets
|
9214000000 | USD |