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FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2021
Investments, All Other Investments [Abstract]  
Carrying Values and Estimated Fair Values of Financial Assets and Liabilities
The following table shows the carrying values and the estimated fair values of financial assets and liabilities that qualify as financial instruments, determined in accordance with the authoritative guidance for disclosures regarding the fair value of financial instruments. Considerable judgment is required in interpreting market data to develop estimates of fair value. The use of different market assumptions and/or estimation methodologies could have a material effect on the estimated fair value amounts. The table excludes Cash and cash equivalents, Restricted cash, Accounts receivable, deposits included in Other assets, Accounts payable, Advance deposits and Accrued liabilities, all of which had fair values approximating their carrying amounts due to the short maturities and liquidity of these instruments.
At September 30, 2021At December 31, 2020
($ in millions)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Vacation ownership notes receivable$2,026 $2,084 $1,840 $1,886 
Other assets70 70 60 60 
Total financial assets$2,096 $2,154 $1,900 $1,946 
Securitized debt, net$(1,594)$(1,646)$(1,588)$(1,653)
2025 Notes, net(495)(529)(494)(533)
2026 Notes, net— — (744)(784)
2028 Notes, net(346)(356)(346)(359)
2029 Notes, net(493)(507)— — 
Term Loan, net(776)(769)(873)(864)
2022 Convertible Notes, net(221)(280)(215)(262)
2026 Convertible Notes, net(455)(648)— — 
Total financial liabilities$(4,380)$(4,735)$(4,260)$(4,455)
Vacation Ownership Notes Receivable
At September 30, 2021At December 31, 2020
($ in millions)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Vacation ownership notes receivable
Securitized$1,486 $1,532 $1,493 $1,530 
Eligible for securitization244 256 128 137 
Not eligible for securitization296 296 219 219 
Non-securitized540 552 347 356 
$2,026 $2,084 $1,840 $1,886