COVID-19 Related Items (Tables)

3 Months Ended

Mar. 31, 2021

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

COVID-19 Related Impacts [Table Text Block]

During the three months ended March 31, 2021, the Company had expenses directly related to COVID-19 as detailed in the table below (in millions):

Three Months Ended March 31, 2021	Vacation Ownership		Travel and Membership		Corporate		Consolidated		Income Statement Classification
Employee compensation related and other	$	—	$	—	$	1	$	1	COVID-19 related costs
Lease related	(1)		—		—		(1)		Restructuring
Total COVID-19	$	(1)	$	—	$	1	$	—

During the three months ended March 31, 2020, the Company incurred $241 million of expenses directly related to COVID-19 as detailed in the table below (in millions):

Three Months Ended March 31, 2020	Vacation Ownership		Travel and Membership		Corporate		Consolidated		Income Statement Classification
Allowance for loan losses:
Provision	$	225	$	—	$	—	$	225	Vacation ownership interest sales
Recoveries	(55)		—		—		(55)		Cost/(recovery) of vacation ownership interests
Exchange inventory write-off	—		38		—		38		Operating expenses
Employee compensation related and other	19		1		3		23		COVID-19 related costs
Asset impairments	6		4		—		10		Asset impairments
Total COVID-19	$	195	$	43	$	3	$	241

COVID-19 Related Liabilities [Table Text Block]

The activity associated with these COVID-19 related liabilities is summarized as follows (in millions):

	Liability as of						Liability as of
	December 31, 2020		Costs Recognized		Cash Payments		March 31, 2021
COVID-19 employee-related	$	6	$	—	$	(3)	$	3
	$	6	$	—	$	(3)	$	3