XML 52 R41.htm IDEA: XBRL DOCUMENT v3.19.1
BUSINESS SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Revenues Revenues
 
Three Months Ended
($ in millions)
March 31, 2019
 
March 31, 2018
Vacation Ownership
$
931

 
$
571

Exchange & Third-Party Management
124

 
—

Total segment revenues
1,055

 
571

Corporate and other
5

 
—

 
$
1,060

 
$
571
Adjusted EBITDA Reconciling Items from Segments Adjusted EBITDA and Reconciliation to Net Income Attributable to Common Shareholders
 
Three Months Ended
($ in millions)
March 31, 2019
 
March 31, 2018
Adjusted EBITDA Vacation Ownership
$
171

 
$
88

Adjusted EBITDA Exchange & Third-Party Management
66

 
—

Reconciling items:
 
 
 
Corporate and other
(71
)
 
(25
)
Interest expense
(34
)
 
(4
)
Tax provision
(15
)
 
(11
)
Depreciation and amortization
(37
)
 
(6
)
Share-based compensation expense
(9
)
 
(4
)
Certain items
(47
)
 
(2
)
Net income attributable to common shareholders
$
24

 
$
36
Reconciliation of Assets from Segments Assets
($ in millions)
At March 31, 2019
 
At December 31, 2018
Vacation Ownership
$
7,396

 
$
7,275

Exchange & Third-Party Management
1,187

 
1,182

Total segment assets
8,583

 
8,457

Corporate and other
529

 
561

 
$
9,112

 
$
9,018