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REVENUE AND RECEIVABLES (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

The following tables detail the sources of revenue by segment for the time periods presented.


	Three Months Ended September 30, 2020
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Sale of vacation ownership products	$	98	$	—	$	—	$	98

Ancillary revenues	17		—		—		17
Management fee revenues	37		4		(5)		36
Exchange and other services revenues	28		45		50		123
Management and exchange	82		49		45		176

Rental	46		10		—		56

Cost reimbursements	281		12		(38)		255
Revenue from contracts with customers	507		71		7		585

Financing	64		—		—		64
Total Revenues	$	571	$	71	$	7	$	649


	Three Months Ended September 30, 2019
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Sale of vacation ownership products	$	341	$	—	$	—	$	341

Ancillary revenues	57		1		—		58
Management fee revenues	35		12		(3)		44
Exchange and other services revenues	28		61		47		136
Management and exchange	120		74		44		238

Rental	122		14		(1)		135

Cost reimbursements	286		22		(28)		280
Revenue from contracts with customers	869		110		15		994

Financing	71		1		—		72
Total Revenues	$	940	$	111	$	15	$	1,066


	Nine Months Ended September 30, 2020
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Sale of vacation ownership products	$	409	$	—	$	—	$	409

Ancillary revenues	69		1		—		70
Management fee revenues	113		14		(14)		113
Exchange and other services revenues	85		145		135		365
Management and exchange	267		160		121		548

Rental	180		29		—		209

Cost reimbursements	824		45		(102)		767
Revenue from contracts with customers	1,680		234		19		1,933

Financing	204		2		—		206
Total Revenues	$	1,884	$	236	$	19	$	2,139


	Nine Months Ended September 30, 2019
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Sale of vacation ownership products	$	975	$	—	$	—	$	975

Ancillary revenues	171		3		—		174
Management fee revenues	108		37		(10)		135
Exchange and other services revenues	90		192		117		399
Management and exchange	369		232		107		708

Rental	384		48		—		432

Cost reimbursements	835		68		(84)		819
Revenue from contracts with customers	2,563		348		23		2,934

Financing	206		3		—		209
Total Revenues	$	2,769	$	351	$	23	$	3,143

Revenue, Remaining Performance Obligation

The following tables detail the timing of revenue from contracts with customers by segment for the time periods presented.


	Three Months Ended September 30, 2020
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Services transferred over time	$	394	$	35	$	7	$	436
Goods or services transferred at a point in time	113		36		—		149
Revenue from contracts with customers	$	507	$	71	$	7	$	585


	Three Months Ended September 30, 2019
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Services transferred over time	$	469	$	54	$	15	$	538
Goods or services transferred at a point in time	400		56		—		456
Revenue from contracts with customers	$	869	$	110	$	15	$	994


	Nine Months Ended September 30, 2020
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Services transferred over time	$	1,197	$	119	$	19	$	1,335
Goods or services transferred at a point in time	483		115		—		598
Revenue from contracts with customers	$	1,680	$	234	$	19	$	1,933


	Nine Months Ended September 30, 2019
($ in millions)	Vacation Ownership		Exchange & Third-Party Management		Corporate and Other		Total
Services transferred over time	$	1,405	$	165	$	23	$	1,593
Goods or services transferred at a point in time	1,158		183		—		1,341
Revenue from contracts with customers	$	2,563	$	348	$	23	$	2,934

Contract with customer, asset and liability

The following table shows the composition of our receivables from contracts with customers and contract liabilities. We had no contract assets at either September 30, 2020 or December 31, 2019.


($ in millions)	At September 30, 2020		At December 31, 2019
Receivables from Contracts with Customers
Accounts receivable	$	147	$	166
Vacation ownership notes receivable, net	1,913		2,233
	$	2,060	$	2,399
Contract Liabilities
Advance deposits	$	154	$	187
Deferred revenue	488		433
	$	642	$	620

Accounts and nontrade receivable

The following table shows the composition of our accounts receivable balances:


($ in millions)	At September 30, 2020		At December 31, 2019
Receivables from contracts with customers	$	147	$	166
Interest receivable	13		16
Tax receivable	76		82
Indemnification asset	15		38
Other	21		21
	$	272	$	323