2024 Q3 Form 10-Q Financial Statement
#000152435824000076 Filed on August 02, 2024
Income Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| Revenue | $1.305B | $1.140B |
| YoY Change | 10.03% | -3.23% |
| Cost Of Revenue | $687.0M | $570.0M |
| YoY Change | 7.68% | 2.52% |
| Gross Profit | $618.0M | $570.0M |
| YoY Change | 12.77% | -8.36% |
| Gross Profit Margin | 47.36% | 50.0% |
| Selling, General & Admin | $290.0M | $280.0M |
| YoY Change | 11.97% | 3.7% |
| % of Gross Profit | 46.93% | 49.12% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $36.00M | $35.00M |
| YoY Change | 9.09% | 2.94% |
| % of Gross Profit | 5.83% | 6.14% |
| Operating Expenses | $290.0M | $280.0M |
| YoY Change | 11.97% | 3.7% |
| Operating Profit | $328.0M | $290.0M |
| YoY Change | 13.49% | -17.61% |
| Interest Expense | -$40.00M | -$43.00M |
| YoY Change | 11.11% | 19.44% |
| % of Operating Profit | -12.2% | -14.83% |
| Other Income/Expense, Net | $1.000M | -$1.000M |
| YoY Change | -200.0% | -200.0% |
| Pretax Income | $118.0M | $48.00M |
| YoY Change | 78.79% | -65.71% |
| Income Tax | $34.00M | $10.00M |
| % Of Pretax Income | 28.81% | 20.83% |
| Net Earnings | $84.00M | $37.00M |
| YoY Change | 100.0% | -58.89% |
| Net Earnings / Revenue | 6.44% | 3.25% |
| Basic Earnings Per Share | $2.38 | $1.04 |
| Diluted Earnings Per Share | $2.12 | $0.98 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 35.06M shares | 35.16M shares |
| Diluted Shares Outstanding | 42.10M shares | 42.20M shares |
Balance Sheet
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $197.0M | $206.0M |
| YoY Change | -25.66% | -14.88% |
| Cash & Equivalents | $197.0M | $206.0M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | $769.0M | $643.0M |
| Prepaid Expenses | ||
| Receivables | $248.0M | $250.0M |
| Other Receivables | $71.00M | $100.0M |
| Total Short-Term Assets | $1.285B | $1.199B |
| YoY Change | 8.16% | 0.0% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.165B | $1.295B |
| YoY Change | -6.8% | 6.06% |
| Goodwill | $3.117B | $3.117B |
| YoY Change | 0.0% | 0.0% |
| Intangibles | $807.0M | $822.0M |
| YoY Change | -7.03% | -7.01% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $350.0M | $251.0M |
| YoY Change | 47.06% | 5.46% |
| Total Long-Term Assets | $8.455B | $8.412B |
| YoY Change | 2.3% | 1.56% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.285B | $1.199B |
| Total Long-Term Assets | $8.455B | $8.412B |
| Total Assets | $9.740B | $9.611B |
| YoY Change | 3.04% | 1.36% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $243.0M | $198.0M |
| YoY Change | 2.1% | -5.26% |
| Accrued Expenses | $587.0M | $534.0M |
| YoY Change | 6.34% | 7.66% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $830.0M | $732.0M |
| YoY Change | 5.06% | 3.83% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $5.286B | $5.235B |
| YoY Change | 4.53% | 4.1% |
| Other Long-Term Liabilities | $833.0M | $902.0M |
| YoY Change | -3.25% | -2.59% |
| Total Long-Term Liabilities | $6.119B | $6.137B |
| YoY Change | 3.4% | 3.06% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $830.0M | $732.0M |
| Total Long-Term Liabilities | $6.119B | $6.137B |
| Total Liabilities | $7.321B | $7.239B |
| YoY Change | 3.95% | 3.36% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $830.0M | $773.0M |
| YoY Change | 13.08% | 7.66% |
| Common Stock | $3.970B | $3.960B |
| YoY Change | 0.4% | 0.3% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $2.419B | $2.372B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $9.740B | $9.611B |
| YoY Change | 3.04% | 1.36% |
Cashflow Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $84.00M | $37.00M |
| YoY Change | 100.0% | -58.89% |
| Depreciation, Depletion And Amortization | $36.00M | $35.00M |
| YoY Change | 9.09% | 2.94% |
| Cash From Operating Activities | $72.00M | $30.00M |
| YoY Change | -40.98% | -61.04% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $15.00M | $13.00M |
| YoY Change | -48.28% | -50.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$3.000M | -$6.000M |
| YoY Change | 0.0% | -160.0% |
| Cash From Investing Activities | -$18.00M | -$19.00M |
| YoY Change | -43.75% | 18.75% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 33.00M | -102.0M |
| YoY Change | -150.77% | -34.19% |
| NET CHANGE | ||
| Cash From Operating Activities | 72.00M | 30.00M |
| Cash From Investing Activities | -18.00M | -19.00M |
| Cash From Financing Activities | 33.00M | -102.0M |
| Net Change In Cash | 87.00M | -91.00M |
| YoY Change | 248.0% | -3.19% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $72.00M | $30.00M |
| Capital Expenditures | $15.00M | $13.00M |
| Free Cash Flow | $57.00M | $17.00M |
| YoY Change | -38.71% | -66.67% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
12000000 | usd | |
| us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
80000000 | usd | |
| us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
12000000 | usd | |
| us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
97000000 | usd | |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
123000000 | usd | |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
99000000 | usd | |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
114000000 | usd | |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
133000000 | usd | |
| CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2382000000 | usd |
| CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
46000000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-2000000 | usd |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
24000000 | usd |
| CY2024Q1 | us-gaap |
Dividends
Dividends
|
26000000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2378000000 | usd |
| CY2024Q2 | us-gaap |
Profit Loss
ProfitLoss
|
38000000 | usd |
| CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-13000000 | usd |
| CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-1000000 | usd |
| CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
9000000 | usd |
| CY2024Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
12000000 | usd |
| CY2024Q2 | us-gaap |
Dividends
Dividends
|
27000000 | usd |
| CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2372000000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2498000000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
87000000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
6000000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-3000000 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
-2000000 | usd |
| CY2023Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
80000000 | usd |
| CY2023Q1 | us-gaap |
Dividends
Dividends
|
26000000 | usd |
| CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
90000000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
6000000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-1000000 | usd |
| CY2023Q2 | us-gaap |
Dividends
Dividends
|
26000000 | usd |
| us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:285.00pt"><tr><td style="width:1.0pt"></td><td style="width:16.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:264.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1. </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">BASIS OF PRESENTATION</span></td></tr></table></div><div style="margin-top:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 the Financial Statements, unless otherwise noted. Capitalized terms used and not specifically defined herein have the same meanings given those terms in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “2023 Annual Report”). We also use certain other terms that are defined within these Financial Statements.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Financial Statements presented herein and discussed below include 100% 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 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 stockholders and MVW stockholders’ equity do not include noncontrolling interests, which represent the outside ownership of our consolidated non-wholly owned entities and are reported separately. Intercompany accounts and transactions between consolidated entities have been eliminated in consolidation.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, cost of vacation ownership products, inventory valuation, goodwill and intangibles valuation, accounting for acquired vacation ownership notes receivable, vacation ownership notes receivable reserves, income taxes, and loss contingencies. The uncertainties in the broader macroeconomic environment, including inflation, continuing high interest rates, mixed economic indicators, increased consumer debt and continuing global insecurity, have made it more challenging to make these estimates. Actual results could differ from our estimates, and such differences may be material.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, general macroeconomic conditions, including inflationary pressures 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 2023 Annual Report.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We refer to the business and brands that we acquired in the acquisition of ILG, LLC, formerly known as ILG, Inc. (“ILG”), in 2018 (the “ILG Acquisition”) as “Legacy-ILG.” We refer to the business we conducted prior to the ILG Acquisition and the associated brands as “Legacy-MVW.” We refer to the business and brand that we acquired in the acquisition of Welk Hospitality Group, Inc. (“Welk”) in 2021 (the “Welk Acquisition”) as “Legacy-Welk.” During 2023, we rebranded all Legacy-Welk resorts as Hyatt Vacation Club resorts. Additionally, we use the term “Marriott Vacation Ownership” to refer to our Marriott-, Sheraton-, and Westin-brands and the term “Hyatt Vacation Ownership” to refer to our Hyatt-brands.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have reclassified certain prior year amounts to conform with our current year presentation.</span></div> | ||
| vac |
Percentage Of Assets Liabilities Revenues Expenses And Cash Flows Consolidated And Discussed
PercentageOfAssetsLiabilitiesRevenuesExpensesAndCashFlowsConsolidatedAndDiscussed
|
1 | ||
| CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1055000000 | usd |
| CY2024Q2 | vac |
Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
|
85000000 | usd |
| CY2024Q2 | us-gaap |
Revenues
Revenues
|
1140000000 | usd |
| CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1098000000 | usd |
| CY2023Q2 | vac |
Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
|
80000000 | usd |
| CY2023Q2 | us-gaap |
Revenues
Revenues
|
1178000000 | usd |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2167000000 | usd | |
| vac |
Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
|
168000000 | usd | |
| us-gaap |
Revenues
Revenues
|
2335000000 | usd | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2189000000 | usd | |
| vac |
Financing Revenue Not From Contract With Customer
FinancingRevenueNotFromContractWithCustomer
|
158000000 | usd | |
| us-gaap |
Revenues
Revenues
|
2347000000 | usd | |
| CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1098000000 | usd |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2167000000 | usd | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2189000000 | usd | |
| CY2024Q2 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
60000000 | usd |
| us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
64000000 | usd | |
| CY2024Q2 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
0 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Asset Gross
ContractWithCustomerAssetGross
|
0 | usd |
| CY2024Q2 | vac |
Contracts With Customers Accounts Receivable
ContractsWithCustomersAccountsReceivable
|
212000000 | usd |
| CY2023Q4 | vac |
Contracts With Customers Accounts Receivable
ContractsWithCustomersAccountsReceivable
|
259000000 | usd |
| CY2024Q2 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
2308000000 | usd |
| CY2023Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
2343000000 | usd |
| CY2024Q2 | vac |
Contractwith Customer Receivable
ContractwithCustomerReceivable
|
2520000000 | usd |
| CY2023Q4 | vac |
Contractwith Customer Receivable
ContractwithCustomerReceivable
|
2602000000 | usd |
| CY2024Q2 | vac |
Contract With Customer Liability Advance Deposits
ContractWithCustomerLiabilityAdvanceDeposits
|
166000000 | usd |
| CY2023Q4 | vac |
Contract With Customer Liability Advance Deposits
ContractWithCustomerLiabilityAdvanceDeposits
|
164000000 | usd |
| CY2024Q2 | vac |
Contract With Customer Liability Deferred Revenue
ContractWithCustomerLiabilityDeferredRevenue
|
418000000 | usd |
| CY2023Q4 | vac |
Contract With Customer Liability Deferred Revenue
ContractWithCustomerLiabilityDeferredRevenue
|
382000000 | usd |
| CY2024Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
584000000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
546000000 | usd |
| CY2024Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
95000000 | usd |
| us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
216000000 | usd | |
| CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.92 | |
| CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P2Y | |
| CY2024Q2 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
212000000 | usd |
| CY2023Q4 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
259000000 | usd |
| CY2024Q2 | us-gaap |
Interest Receivable
InterestReceivable
|
20000000 | usd |
| CY2023Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
18000000 | usd |
| CY2024Q2 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
70000000 | usd |
| CY2023Q4 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
44000000 | usd |
| CY2024Q2 | us-gaap |
Fdic Indemnification Asset
FDICIndemnificationAsset
|
38000000 | usd |
| CY2023Q4 | us-gaap |
Fdic Indemnification Asset
FDICIndemnificationAsset
|
40000000 | usd |
| CY2024Q2 | vac |
Employee Tax Credit Receivable
EmployeeTaxCreditReceivable
|
10000000 | usd |
| CY2023Q4 | vac |
Employee Tax Credit Receivable
EmployeeTaxCreditReceivable
|
11000000 | usd |
| CY2024Q2 | us-gaap |
Other Receivables
OtherReceivables
|
20000000 | usd |
| CY2023Q4 | us-gaap |
Other Receivables
OtherReceivables
|
13000000 | usd |
| CY2024Q2 | vac |
Accounts Receivable Including Variable Interest Entities After Allowancefor Credit Loss
AccountsReceivableIncludingVariableInterestEntitiesAfterAllowanceforCreditLoss
|
370000000 | usd |
| CY2023Q4 | vac |
Accounts Receivable Including Variable Interest Entities After Allowancefor Credit Loss
AccountsReceivableIncludingVariableInterestEntitiesAfterAllowanceforCreditLoss
|
385000000 | usd |
| CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.220 | |
| CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.354 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.352 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.339 | ||
| CY2024Q2 | vac |
Effective Income Tax Rate Reconciliation Expiration Of Statute Of Limitations On Unrecognized Tax Benefits Amount
EffectiveIncomeTaxRateReconciliationExpirationOfStatuteOfLimitationsOnUnrecognizedTaxBenefitsAmount
|
13000000 | usd |
| CY2024Q2 | vac |
Effective Income Tax Rate Reconciliation Prior Year True Up Adjustment Amount
EffectiveIncomeTaxRateReconciliationPriorYearTrueUpAdjustmentAmount
|
4000000 | usd |
| CY2023Q2 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
5000000 | usd |
| us-gaap |
Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
|
20000000 | usd | |
| vac |
Effective Income Tax Rate Reconciliation Prior Year True Up Adjustment Amount
EffectiveIncomeTaxRateReconciliationPriorYearTrueUpAdjustmentAmount
|
5000000 | usd | |
| vac |
Effective Income Tax Rate Reconciliation Expiration Of Statute Of Limitations On Unrecognized Tax Benefits Amount
EffectiveIncomeTaxRateReconciliationExpirationOfStatuteOfLimitationsOnUnrecognizedTaxBenefitsAmount
|
22000000 | usd | |
| vac |
Effective Income Tax Rate Reconciliation Increase Resulting From Pre Acquisition Reserves Amount
EffectiveIncomeTaxRateReconciliationIncreaseResultingFromPreAcquisitionReservesAmount
|
18000000 | usd | |
| CY2023Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
106000000 | usd |
| us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
80000000 | usd | |
| us-gaap |
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
|
9000000 | usd | |
| CY2024Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
17000000 | usd |
| CY2024Q2 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
33000000 | usd |
| CY2023Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
48000000 | usd |
| vac |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued Increase Decrease
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedIncreaseDecrease
|
-15000000 | usd | |
| CY2024Q2 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
16000000 | usd |
| CY2024Q2 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
2308000000 | usd |
| CY2023Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
2343000000 | usd |
| CY2024Q2 | vac |
Interest On Notes Receivable
InterestOnNotesReceivable
|
82000000 | usd |
| CY2023Q2 | vac |
Interest On Notes Receivable
InterestOnNotesReceivable
|
76000000 | usd |
| vac |
Interest On Notes Receivable
InterestOnNotesReceivable
|
163000000 | usd | |
| vac |
Interest On Notes Receivable
InterestOnNotesReceivable
|
152000000 | usd | |
| CY2024Q2 | vac |
Weighted Average Fico Score Within Loan Pool
WeightedAverageFICOScoreWithinLoanPool
|
724 | |
| CY2023Q4 | vac |
Weighted Average Fico Score Within Loan Pool
WeightedAverageFICOScoreWithinLoanPool
|
723 | |
| CY2024Q2 | vac |
Average Estimated Rate Of Default For All Outstanding Loans
AverageEstimatedRateOfDefaultForAllOutstandingLoans
|
0.1477 | |
| CY2023Q4 | vac |
Average Estimated Rate Of Default For All Outstanding Loans
AverageEstimatedRateOfDefaultForAllOutstandingLoans
|
0.1300 | |
| CY2024Q2 | vac |
Result Of Increase In Estimated Default Rate
ResultOfIncreaseInEstimatedDefaultRate
|
0.005 | |
| CY2023Q4 | vac |
Financing Receivable Allowance For Credit Losses That Would Have Been Increased
FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased
|
13000000 | usd |
| CY2024Q2 | vac |
Financing Receivable Allowance For Credit Losses That Would Have Been Increased
FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased
|
13000000 | usd |
| CY2024Q2 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
193000000 | usd |
| CY2023Q4 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
168000000 | usd |
| CY2024Q2 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
2848000000 | usd |
| CY2023Q4 | us-gaap |
Notes Receivable Gross
NotesReceivableGross
|
2813000000 | usd |
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
37000000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
90000000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
84000000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
84000000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
177000000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
177000000 | usd | |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
35400000 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
36900000 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
35500000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
35500000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
37100000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
37100000 | shares | |
| CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.04 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.46 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.36 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.36 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.78 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.78 | ||
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
37000000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
90000000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
84000000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
84000000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
177000000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
177000000 | usd | |
| CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
41000000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
95000000 | usd |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
93000000 | usd | |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
186000000 | usd | |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
35400000 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
36900000 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
35500000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
37100000 | shares | |
| CY2024Q2 | vac |
Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
|
0 | shares |
| CY2023Q2 | vac |
Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
|
100000 | shares |
| vac |
Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
|
0 | shares | |
| vac |
Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
|
200000 | shares | |
| CY2024Q2 | vac |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
100000 | shares |
| CY2023Q2 | vac |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
300000 | shares |
| vac |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
100000 | shares | |
| vac |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
300000 | shares | |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
42200000 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43800000 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
42200000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
44100000 | shares | |
| CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.98 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.17 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.20 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.23 | ||
| CY2024Q2 | us-gaap |
Inventory Real Estate Timeshare Available For Sale
InventoryRealEstateTimeshareAvailableForSale
|
629000000 | usd |
| CY2023Q4 | us-gaap |
Inventory Real Estate Timeshare Available For Sale
InventoryRealEstateTimeshareAvailableForSale
|
624000000 | usd |
| CY2024Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
4000000 | usd |
| CY2023Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
0 | usd |
| CY2024Q2 | vac |
Inventory Timeshare Gross
InventoryTimeshareGross
|
633000000 | usd |
| CY2023Q4 | vac |
Inventory Timeshare Gross
InventoryTimeshareGross
|
624000000 | usd |
| CY2024Q2 | vac |
Operating Supplies And Inventories
OperatingSuppliesAndInventories
|
10000000 | usd |
| CY2023Q4 | vac |
Operating Supplies And Inventories
OperatingSuppliesAndInventories
|
10000000 | usd |
| CY2024Q2 | vac |
Inventory Timeshare
InventoryTimeshare
|
643000000 | usd |
| CY2023Q4 | vac |
Inventory Timeshare
InventoryTimeshare
|
634000000 | usd |
| vac |
Real Estate Inventory Increase Decrease True Up
RealEstateInventoryIncreaseDecreaseTrueUp
|
20000000 | usd | |
| vac |
Real Estate Inventory Increase Decrease True Up
RealEstateInventoryIncreaseDecreaseTrueUp
|
15000000 | usd | |
| CY2024Q2 | vac |
Amount Of Completed Vacation Ownership Units Classified As Property And Equipment
AmountOfCompletedVacationOwnershipUnitsClassifiedAsPropertyAndEquipment
|
345000000 | usd |
| CY2023Q4 | vac |
Amount Of Completed Vacation Ownership Units Classified As Property And Equipment
AmountOfCompletedVacationOwnershipUnitsClassifiedAsPropertyAndEquipment
|
370000000 | usd |
| CY2024Q2 | vac |
Inventory Deposits
InventoryDeposits
|
25000000 | usd |
| CY2023Q4 | vac |
Inventory Deposits
InventoryDeposits
|
3000000 | usd |
| CY2024Q2 | vac |
Surety Bonds
SuretyBonds
|
129000000 | usd |
| CY2024Q2 | vac |
Guarantor Obligations Maximum Exposure Undiscounted Remainder Of Year
GuarantorObligationsMaximumExposureUndiscountedRemainderOfYear
|
10000000 | usd |
| CY2024Q2 | vac |
Number Of Consolidated Notes Receivable Pools Outstanding
NumberOfConsolidatedNotesReceivablePoolsOutstanding
|
14 | loan |
| CY2024Q2 | vac |
Number Of Notes Receivable Pools Under Performance Triggers
NumberOfNotesReceivablePoolsUnderPerformanceTriggers
|
0 | loan |
| CY2024Q2 | vac |
Number Of Notes Receivable Pools Out Of Compliance
NumberOfNotesReceivablePoolsOutOfCompliance
|
0 | loan |
| CY2024Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
198000000 | usd |
| CY2023Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
189000000 | usd |
| CY2024Q2 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
3137000000 | usd |
| CY2023Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
3049000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
4000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
8000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
583000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
758000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
358000000 | usd |
| CY2024Q2 | vac |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
1264000000 | usd |
| CY2024Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2975000000 | usd |
| CY2024Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2024Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2024Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
75847792 | shares |
| CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
35056045 | shares |
| CY2024Q2 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
40791747 | shares |
| CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
75807882 | shares |
| CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
35319306 | shares |
| CY2023Q4 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
40488576 | shares |
| CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2000000 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2000000 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2024Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2024Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2024Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2024Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
402000000 | usd |
| CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.76 | |
| CY2024Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.76 | |
| CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
3000000 | shares |
| CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
2000000 | shares |
| CY2024Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9000000 | usd |
| CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
12000000 | usd |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
16000000 | usd | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
19000000 | usd | |
| CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
50000000 | usd |
| CY2023Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
24000000 | usd |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.4578 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0321 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0423 | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y3M | ||
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
| CY2024Q2 | us-gaap |
Revenues
Revenues
|
1140000000 | usd |
| CY2023Q2 | us-gaap |
Revenues
Revenues
|
1178000000 | usd |
| us-gaap |
Revenues
Revenues
|
2335000000 | usd | |
| us-gaap |
Revenues
Revenues
|
2347000000 | usd | |
| CY2024Q2 | vac |
Corporateand Other Income Expense
CorporateandOtherIncomeExpense
|
48000000 | usd |
| CY2023Q2 | vac |
Corporateand Other Income Expense
CorporateandOtherIncomeExpense
|
55000000 | usd |
| vac |
Corporateand Other Income Expense
CorporateandOtherIncomeExpense
|
106000000 | usd | |
| vac |
Corporateand Other Income Expense
CorporateandOtherIncomeExpense
|
118000000 | usd | |
| CY2024Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-43000000 | usd |
| CY2023Q2 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-36000000 | usd |
| us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-83000000 | usd | |
| us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-70000000 | usd | |
| CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10000000 | usd |
| CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
50000000 | usd |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
45000000 | usd | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
91000000 | usd | |
| CY2024Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
35000000 | usd |
| CY2023Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
34000000 | usd |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
73000000 | usd | |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
66000000 | usd | |
| CY2024Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9000000 | usd |
| CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
12000000 | usd |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
16000000 | usd | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
19000000 | usd | |
| CY2024Q2 | vac |
Certain Items Adjusted Ebitda Reconciliation
CertainItemsAdjustedEBITDAReconciliation
|
23000000 | usd |
| CY2023Q2 | vac |
Certain Items Adjusted Ebitda Reconciliation
CertainItemsAdjustedEBITDAReconciliation
|
0 | usd |
| vac |
Certain Items Adjusted Ebitda Reconciliation
CertainItemsAdjustedEBITDAReconciliation
|
43000000 | usd | |
| vac |
Certain Items Adjusted Ebitda Reconciliation
CertainItemsAdjustedEBITDAReconciliation
|
2000000 | usd | |
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
37000000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
90000000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
84000000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
177000000 | usd | |
| CY2024Q2 | us-gaap |
Assets
Assets
|
9611000000 | usd |
| CY2023Q4 | us-gaap |
Assets
Assets
|
9680000000 | usd |
| CY2024Q2 | vac |
Revenues Excluding Reimbursed Costs
RevenuesExcludingReimbursedCosts
|
762000000 | usd |
| CY2023Q2 | vac |
Revenues Excluding Reimbursed Costs
RevenuesExcludingReimbursedCosts
|
823000000 | usd |
| vac |
Revenues Excluding Reimbursed Costs
RevenuesExcludingReimbursedCosts
|
1566000000 | usd | |
| vac |
Revenues Excluding Reimbursed Costs
RevenuesExcludingReimbursedCosts
|
1627000000 | usd | |
| CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
