INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
OPERATING ACTIVITIES
Net income	$ 87	$ 58
Adjustments to reconcile net income to net cash, cash equivalents and restricted cash (used in) provided by operating activities:
Depreciation and amortization of intangibles	32	33
Amortization of debt discount and issuance costs	7	5
Vacation ownership notes receivable reserve	38	29
Share-based compensation	7	8
Impairment charges	3	0
Deferred income taxes	6	18
Net change in assets and liabilities:
Accounts and contracts receivable	(6)	45
Vacation ownership notes receivable originations	(225)	(205)
Vacation ownership notes receivable collections	161	188
Inventory	16	28
Other assets	(146)	(134)
Accounts payable, advance deposits and accrued liabilities	(101)	12
Deferred revenue	101	54
Payroll and benefit liabilities	(45)	13
Deferred compensation liability	4	(7)
Other liabilities	16	(3)
Purchase of vacation ownership units for future transfer to inventory	0	(12)
Other, net	(5)	(1)
Net cash, cash equivalents and restricted cash (used in) provided by operating activities	(50)	129
INVESTING ACTIVITIES
Capital expenditures for property and equipment (excluding inventory)	(37)	(9)
Purchase of company owned life insurance	0	(4)
Other, net	0	3
Net cash, cash equivalents and restricted cash used in investing activities	(37)	(10)
FINANCING ACTIVITIES
Borrowings from securitization transactions	171	102
Repayment of debt related to securitization transactions	(174)	(178)
Proceeds from debt	405	30
Repayments of debt	(461)	(30)
Finance lease incentive	10	0
Finance lease payment	(2)	(2)
Payment of debt issuance costs	0	(4)
Repurchase of common stock	(80)	(119)
Payment of dividends	(54)	(49)
Payment of withholding taxes on vesting of restricted stock units	(9)	(22)
Net cash, cash equivalents and restricted cash used in financing activities	(194)	(272)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash	1	0
Change in cash, cash equivalents and restricted cash	(280)	(153)
Cash, cash equivalents and restricted cash, beginning of period	854	803
Cash, cash equivalents and restricted cash, end of period	574	650
SUPPLEMENTAL DISCLOSURES
Non-cash issuance of debt in connection with asset acquisition	0	11
Non-cash issuance of treasury stock for employee stock purchase plan	1	1
Non-cash transfer from inventory to property and equipment	3	31
Non-cash transfer from property and equipment to inventory	43	2
Non-cash transfer from other assets to property and equipment	0	13
Non-cash transfer from property and equipment to other assets	2	0
Non-cash issuance of debt in connection with finance lease	80	0
Non-cash issuance of debt in connection with finance lease	97	0
Interest paid, net of amounts capitalized	44	30
Income taxes paid, net of refunds (income tax refunds, net of income taxes paid)	$ 56	$ (7)