2020 Q1 Form 10-Q Financial Statement

#000152435820000029 Filed on May 22, 2020

View on sec.gov

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%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q1 dei Amendment Flag
AmendmentFlag
false
CY2020Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2020Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2020Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001524358
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2019Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
0 USD
CY2020Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
1000000 USD
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
CY2019Q4 vac Financing Receivable Allowance For Credit Losses That Would Have Been Increased
FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased
8000000 USD
CY2020Q1 vac Number Of Notes Receivable Pools Out Of Compliance
NumberOfNotesReceivablePoolsOutOfCompliance
0 Loan
CY2020Q1 dei Document Type
DocumentType
10-Q
CY2020Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2020Q1 dei Document Period End Date
DocumentPeriodEndDate
2020-03-31
CY2020Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2020Q1 dei Entity File Number
EntityFileNumber
001-35219
CY2020Q1 dei Entity Registrant Name
EntityRegistrantName
Marriott Vacations Worldwide Corp
CY2019Q1 vac Gains Losses And Other Income Expense Net
GainsLossesAndOtherIncomeExpenseNet
8000000 USD
CY2020Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2020Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
45-2598330
CY2020Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
6649 Westwood Blvd.
CY2020Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Orlando
CY2020Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2020Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
32821
CY2020Q1 dei City Area Code
CityAreaCode
407
CY2020Q1 dei Local Phone Number
LocalPhoneNumber
206-6000
CY2020Q1 dei Security12b Title
Security12bTitle
Common Stock, $0.01 Par Value
CY2020Q1 dei Trading Symbol
TradingSymbol
VAC
CY2020Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2020Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2020Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2020Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2020Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2020Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2020Q1 dei Entity Shell Company
EntityShellCompany
false
CY2020Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
41051580 shares
CY2020Q1 vac Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
72000000 USD
CY2019Q1 vac Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
68000000 USD
CY2020Q1 us-gaap Revenues
Revenues
1010000000 USD
CY2019Q1 us-gaap Revenues
Revenues
1034000000 USD
CY2020Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
183000000 USD
CY2019Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
186000000 USD
CY2020Q1 vac Financing Expense Not From Contract With Customer
FinancingExpenseNotFromContractWithCustomer
38000000 USD
CY2019Q1 vac Financing Expense Not From Contract With Customer
FinancingExpenseNotFromContractWithCustomer
22000000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
70000000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67000000 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
32000000 USD
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
37000000 USD
CY2020Q1 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-2000000 USD
CY2019Q1 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-1000000 USD
CY2020Q1 us-gaap Royalty Expense
RoyaltyExpense
26000000 USD
CY2019Q1 us-gaap Royalty Expense
RoyaltyExpense
26000000 USD
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
95000000 USD
CY2019Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
26000000 USD
CY2020Q1 vac Cost Reimbursements Expense
CostReimbursementsExpense
318000000 USD
CY2019Q1 vac Cost Reimbursements Expense
CostReimbursementsExpense
287000000 USD
CY2020Q1 us-gaap Costs And Expenses
CostsAndExpenses
1060000000 USD
CY2019Q1 us-gaap Costs And Expenses
CostsAndExpenses
943000000 USD
CY2020Q1 vac Gains Losses And Other Income Expense Net
GainsLossesAndOtherIncomeExpenseNet
-56000000 USD
CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-33000000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2019Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-34000000 USD
CY2020Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
21000000 USD
CY2019Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
26000000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3000000 USD
CY2020Q1 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
-163000000 USD
CY2019Q1 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
39000000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-105000000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
24000000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-58000000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15000000 USD
CY2020Q1 us-gaap Other Assets
OtherAssets
571000000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
461000000 USD
CY2019Q4 us-gaap Assets
Assets
9214000000 USD
CY2020Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
169000000 USD
CY2019Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
286000000 USD
CY2020Q1 vac Contract With Customer Liability Advance Deposits
ContractWithCustomerLiabilityAdvanceDeposits
161000000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-106000000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
24000000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.56
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.56
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-105000000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
24000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-17000000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-24000000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-3000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-41000000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2000000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1000000 USD
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-147000000 USD
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22000000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
651000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
287000000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
369000000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
414000000 USD
CY2020Q1 vac Accounts Receivable Including Variable Interest Entities After Allowancefor Credit Loss
AccountsReceivableIncludingVariableInterestEntitiesAfterAllowanceforCreditLoss
267000000 USD
CY2019Q4 vac Accounts Receivable Including Variable Interest Entities After Allowancefor Credit Loss
AccountsReceivableIncludingVariableInterestEntitiesAfterAllowanceforCreditLoss
323000000 USD
CY2020Q1 us-gaap Notes Receivable Net
NotesReceivableNet
2159000000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
2233000000 USD
CY2020Q1 vac Inventory Timeshare
InventoryTimeshare
776000000 USD
CY2019Q4 vac Inventory Timeshare
InventoryTimeshare
859000000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
833000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
718000000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
2817000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2892000000 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
989000000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1027000000 USD
CY2019Q4 vac Contract With Customer Liability Advance Deposits
ContractWithCustomerLiabilityAdvanceDeposits
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 &amp; 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

Files In Submission

Name View Source Status
0001524358-20-000029-index-headers.html Edgar Link pending
0001524358-20-000029-index.html Edgar Link pending
0001524358-20-000029.txt Edgar Link pending
0001524358-20-000029-xbrl.zip Edgar Link pending
a2020q110-qdocument.htm Edgar Link pending
a2020q110-qdocument_htm.xml Edgar Link completed
a2020q110-qexhibit311x.htm Edgar Link pending
a2020q110-qexhibit312x.htm Edgar Link pending
a2020q110-qexhibit321x.htm Edgar Link pending
a2020q110-qexhibit322x.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vac-20200331.xsd Edgar Link pending
vac-20200331_cal.xml Edgar Link unprocessable
vac-20200331_def.xml Edgar Link unprocessable
vac-20200331_lab.xml Edgar Link unprocessable
vac-20200331_pre.xml Edgar Link unprocessable