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INTERIM CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES    
Revenue from contracts with customers $ 700 $ 938
Financing 59 72
Cost reimbursements 255 318
TOTAL REVENUES 759 1,010
EXPENSES    
Marketing and sales 109 170
Financing 21 38
General and administrative 46 70
Depreciation and amortization 41 32
Litigation charges 3 2
Royalty fee 25 26
Impairment 0 95
Cost reimbursements 255 318
TOTAL EXPENSES 739 1,060
Gains (losses) and other income (expense), net 6 (56)
Interest expense (43) (33)
Transaction costs (19) (24)
LOSS BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS (36) (163)
Benefit from income taxes 11 58
NET LOSS (25) (105)
Net income attributable to noncontrolling interests (3) (1)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (28) $ (106)
LOSS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS    
Basic (in usd per share) $ (0.68) $ (2.56)
Diluted (in usd per share) (0.68) (2.56)
CASH DIVIDENDS DECLARED PER SHARE (in usd per share) $ 0 $ 0.54
Sale of vacation ownership products    
REVENUES    
Revenue from contracts with customers $ 163 $ 258
EXPENSES    
Expenses 40 60
Management and exchange    
REVENUES    
Revenue from contracts with customers 193 227
EXPENSES    
Expenses 117 151
Rental    
REVENUES    
Revenue from contracts with customers 89 135
EXPENSES    
Expenses $ 82 $ 98