Vacation Ownership Contract Receivables (Tables)

3 Months Ended

Mar. 31, 2020

Vacation Ownership Contract Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The Company generates vacation ownership contract receivables (“VOCRs”) by extending financing to the purchasers of its VOIs. Vacation ownership contract receivables, net consisted of (in millions):

	March 31, 2020		December 31, 2019
Vacation ownership contract receivables:
Securitized	$	3,018	$	2,984
Non-securitized	704		883
Vacation ownership contract receivables, gross	3,722		3,867
Less: Allowance for loan losses	930		747
Vacation ownership contract receivables, net	$	2,792	$	3,120

Financing Receivable, Allowance for Credit Loss [Table Text Block]

The activity in the allowance for loan losses on VOCRs was as follows (in millions):

	Amount
Allowance for loan losses as of December 31, 2019	$	747
Provision for loan losses	315
Contract receivables write-offs, net	(132		)
Allowance for loan losses as of March 31, 2020	$	930

	Amount
Allowance for loan losses as of December 31, 2018	$	734
Provision for loan losses	109
Contract receivables write-offs, net	(122		)
Allowance for loan losses as of March 31, 2019	$	721

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table details the year of origination of financing receivables using the most recently updated FICO scores, based on the policy described above (in millions):

	As of March 31, 2020
	700+		600-699		<600		No Score		Asia Pacific		Total
2020	$	202	$	83	$	1	$	16	$	34	$	336
2019	695		410		79		41		84		1,309
2018	437		244		76		29		38		824
2017	276		149		49		21		23		518
2016	159		82		27		13		16		297
Prior	222		126		40		21		29		438
Total	$	1,991	$	1,094	$	272	$	141	$	224	$	3,722
	As of December 31, 2019
	700+		600-699		<600		No Score		Asia Pacific		Total
2019	$	866	$	454	$	54	$	53	$	119	$	1,546
2018	486		285		80		32		49		932
2017	303		166		51		23		29		572
2016	173		89		29		14		20		325
2015	99		56		17		9		14		195
Prior	148		85		27		14		23		297
Total	$	2,075	$	1,135	$	258	$	145	$	254	$	3,867

The following table details an aging analysis of financing receivables using the most recently updated FICO scores, based on the policy described above (in millions):

	As of March 31, 2020
	700+		600-699		<600		No Score		Asia Pacific		Total
Current	$	1,941	$	1,021	$	220	$	130	$	221	$	3,533
31 - 60 days	24		34		18		5		2		83
61 - 90 days	15		23		18		4		1		61
91 - 120 days	11		16		16		2		—		45
Total	$	1,991	$	1,094	$	272	$	141	$	224	$	3,722
	As of December 31, 2019
	700+		600-699		<600		No Score		Asia Pacific		Total
Current	$	2,019	$	1,049	$	196	$	134	$	250	$	3,648
31 - 60 days	25		37		21		5		2		90
61 - 90 days	18		28		17		3		1		67
91 - 120 days	13		21		24		3		1		62
Total	$	2,075	$	1,135	$	258	$	145	$	254	$	3,867