10-Q 1 vac-20210930.htm 10-Q vac-20210930
false2021Q3000152435812/310.00681150.005847600015243582021-01-012021-09-30xbrli:shares00015243582021-11-04iso4217:USD0001524358us-gaap:TimeShareMember2021-07-012021-09-300001524358us-gaap:TimeShareMember2020-07-012020-09-300001524358us-gaap:TimeShareMember2021-01-012021-09-300001524358us-gaap:TimeShareMember2020-01-012020-09-300001524358vac:ManagementAndExchangeMember2021-07-012021-09-300001524358vac:ManagementAndExchangeMember2020-07-012020-09-300001524358vac:ManagementAndExchangeMember2021-01-012021-09-300001524358vac:ManagementAndExchangeMember2020-01-012020-09-300001524358vac:RentalMember2021-07-012021-09-300001524358vac:RentalMember2020-07-012020-09-300001524358vac:RentalMember2021-01-012021-09-300001524358vac:RentalMember2020-01-012020-09-3000015243582021-07-012021-09-3000015243582020-07-012020-09-3000015243582020-01-012020-09-30iso4217:USDxbrli:shares00015243582021-09-3000015243582020-12-310001524358us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-12-3100015243582019-12-3100015243582020-09-300001524358us-gaap:CommonStockMember2020-12-310001524358us-gaap:TreasuryStockMember2020-12-310001524358us-gaap:AdditionalPaidInCapitalMember2020-12-310001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001524358us-gaap:RetainedEarningsMember2020-12-310001524358us-gaap:ParentMember2020-12-310001524358us-gaap:NoncontrollingInterestMember2020-12-310001524358us-gaap:RetainedEarningsMember2021-01-012021-03-310001524358us-gaap:ParentMember2021-01-012021-03-310001524358us-gaap:NoncontrollingInterestMember2021-01-012021-03-3100015243582021-01-012021-03-310001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310001524358us-gaap:CommonStockMember2021-01-012021-03-310001524358us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-310001524358us-gaap:CommonStockMember2021-03-310001524358us-gaap:TreasuryStockMember2021-03-310001524358us-gaap:AdditionalPaidInCapitalMember2021-03-310001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310001524358us-gaap:RetainedEarningsMember2021-03-310001524358us-gaap:ParentMember2021-03-310001524358us-gaap:NoncontrollingInterestMember2021-03-3100015243582021-03-310001524358us-gaap:RetainedEarningsMember2021-04-012021-06-300001524358us-gaap:ParentMember2021-04-012021-06-300001524358us-gaap:NoncontrollingInterestMember2021-04-012021-06-3000015243582021-04-012021-06-300001524358us-gaap:TreasuryStockMember2021-04-012021-06-300001524358us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-300001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-300001524358us-gaap:CommonStockMember2021-06-300001524358us-gaap:TreasuryStockMember2021-06-300001524358us-gaap:AdditionalPaidInCapitalMember2021-06-300001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-300001524358us-gaap:RetainedEarningsMember2021-06-300001524358us-gaap:ParentMember2021-06-300001524358us-gaap:NoncontrollingInterestMember2021-06-3000015243582021-06-300001524358us-gaap:RetainedEarningsMember2021-07-012021-09-300001524358us-gaap:ParentMember2021-07-012021-09-300001524358us-gaap:NoncontrollingInterestMember2021-07-012021-09-300001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-07-012021-09-300001524358us-gaap:CommonStockMember2021-07-012021-09-300001524358us-gaap:AdditionalPaidInCapitalMember2021-07-012021-09-300001524358us-gaap:TreasuryStockMember2021-07-012021-09-300001524358us-gaap:CommonStockMember2021-09-300001524358us-gaap:TreasuryStockMember2021-09-300001524358us-gaap:AdditionalPaidInCapitalMember2021-09-300001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-09-300001524358us-gaap:RetainedEarningsMember2021-09-300001524358us-gaap:ParentMember2021-09-300001524358us-gaap:NoncontrollingInterestMember2021-09-300001524358us-gaap:CommonStockMember2019-12-310001524358us-gaap:TreasuryStockMember2019-12-310001524358us-gaap:AdditionalPaidInCapitalMember2019-12-310001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001524358us-gaap:RetainedEarningsMember2019-12-310001524358us-gaap:ParentMember2019-12-310001524358us-gaap:NoncontrollingInterestMember2019-12-310001524358us-gaap:RetainedEarningsMember2020-01-012020-03-310001524358us-gaap:ParentMember2020-01-012020-03-310001524358us-gaap:NoncontrollingInterestMember2020-01-012020-03-3100015243582020-01-012020-03-310001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001524358us-gaap:CommonStockMember2020-01-012020-03-310001524358us-gaap:AdditionalPaidInCapitalMember2020-01-012020-03-310001524358us-gaap:TreasuryStockMember2020-01-012020-03-310001524358us-gaap:CommonStockMember2020-03-310001524358us-gaap:TreasuryStockMember2020-03-310001524358us-gaap:AdditionalPaidInCapitalMember2020-03-310001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310001524358us-gaap:RetainedEarningsMember2020-03-310001524358us-gaap:ParentMember2020-03-310001524358us-gaap:NoncontrollingInterestMember2020-03-3100015243582020-03-310001524358us-gaap:RetainedEarningsMember2020-04-012020-06-300001524358us-gaap:ParentMember2020-04-012020-06-300001524358us-gaap:NoncontrollingInterestMember2020-04-012020-06-3000015243582020-04-012020-06-300001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001524358us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300001524358us-gaap:CommonStockMember2020-04-012020-06-300001524358us-gaap:TreasuryStockMember2020-04-012020-06-300001524358us-gaap:CommonStockMember2020-06-300001524358us-gaap:TreasuryStockMember2020-06-300001524358us-gaap:AdditionalPaidInCapitalMember2020-06-300001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001524358us-gaap:RetainedEarningsMember2020-06-300001524358us-gaap:ParentMember2020-06-300001524358us-gaap:NoncontrollingInterestMember2020-06-3000015243582020-06-300001524358us-gaap:RetainedEarningsMember2020-07-012020-09-300001524358us-gaap:ParentMember2020-07-012020-09-300001524358us-gaap:NoncontrollingInterestMember2020-07-012020-09-300001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-07-012020-09-300001524358us-gaap:CommonStockMember2020-07-012020-09-300001524358us-gaap:AdditionalPaidInCapitalMember2020-07-012020-09-300001524358us-gaap:CommonStockMember2020-09-300001524358us-gaap:TreasuryStockMember2020-09-300001524358us-gaap:AdditionalPaidInCapitalMember2020-09-300001524358us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-300001524358us-gaap:RetainedEarningsMember2020-09-300001524358us-gaap:ParentMember2020-09-300001524358us-gaap:NoncontrollingInterestMember2020-09-30xbrli:pure0001524358us-gaap:OtherAffiliatesMember2021-01-012021-09-300001524358vac:RestrictedCashMember2021-01-012021-09-300001524358vac:WelkMember2021-04-010001524358us-gaap:CommonStockMembervac:WelkMember2021-04-012021-04-010001524358vac:WelkMember2021-04-012021-04-010001524358srt:ScenarioPreviouslyReportedMembervac:WelkMember2021-04-010001524358srt:RestatementAdjustmentMembervac:WelkMember2021-04-010001524358vac:ManagementContractsMembersrt:MinimumMembervac:WelkMember2021-04-012021-04-010001524358vac:WelkMember2021-01-012021-09-300001524358vac:WelkMember2020-01-012020-09-300001524358vac:WelkMember2021-07-012021-09-30vac:vacation_ownership_unit0001524358country:CR2021-03-310001524358country:CR2021-01-012021-03-310001524358vac:NewYorkCityMember2021-03-310001524358vac:NewYorkCityMember2021-01-012021-03-310001524358vac:NewYorkCityMember2020-03-310001524358vac:NewYorkCityMember2020-01-012020-03-310001524358vac:NewYorkCityMember2019-12-012019-12-310001524358vac:SanFranciscoCaliforniaMember2021-03-310001524358vac:SanFranciscoCaliforniaMember2021-01-012021-03-310001524358vac:SanFranciscoCaliforniaMember2020-03-310001524358vac:SanFranciscoCaliforniaMember2020-01-012020-03-310001524358us-gaap:OtherAffiliatesMember2020-01-012020-09-300001524358us-gaap:OtherAffiliatesMember2020-07-012020-09-300001524358us-gaap:LandMember2020-07-012020-09-300001524358us-gaap:LandMember2020-01-012020-09-300001524358vac:VacationOwnershipMemberus-gaap:TimeShareMember2021-07-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TimeShareMember2021-07-012021-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TimeShareMember2021-07-012021-09-300001524358vac:AncillaryRevenuesMembervac:VacationOwnershipMember2021-07-012021-09-300001524358vac:ExchangeandThirdPartyManagementMembervac:AncillaryRevenuesMember2021-07-012021-09-300001524358us-gaap:CorporateNonSegmentMembervac:AncillaryRevenuesMember2021-07-012021-09-300001524358vac:AncillaryRevenuesMember2021-07-012021-09-300001524358vac:VacationOwnershipMemberus-gaap:ManagementServiceMember2021-07-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:ManagementServiceMember2021-07-012021-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:ManagementServiceMember2021-07-012021-09-300001524358us-gaap:ManagementServiceMember2021-07-012021-09-300001524358vac:VacationOwnershipMemberus-gaap:ServiceOtherMember2021-07-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:ServiceOtherMember2021-07-012021-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:ServiceOtherMember2021-07-012021-09-300001524358us-gaap:ServiceOtherMember2021-07-012021-09-300001524358vac:ManagementAndExchangeMembervac:VacationOwnershipMember2021-07-012021-09-300001524358vac:ManagementAndExchangeMembervac:ExchangeandThirdPartyManagementMember2021-07-012021-09-300001524358vac:ManagementAndExchangeMemberus-gaap:CorporateNonSegmentMember2021-07-012021-09-300001524358vac:RentalMembervac:VacationOwnershipMember2021-07-012021-09-300001524358vac:RentalMembervac:ExchangeandThirdPartyManagementMember2021-07-012021-09-300001524358vac:RentalMemberus-gaap:CorporateNonSegmentMember2021-07-012021-09-300001524358vac:VacationOwnershipMember2021-07-012021-09-300001524358vac:ExchangeandThirdPartyManagementMember2021-07-012021-09-300001524358us-gaap:CorporateNonSegmentMember2021-07-012021-09-300001524358vac:VacationOwnershipMemberus-gaap:TimeShareMember2020-07-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TimeShareMember2020-07-012020-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TimeShareMember2020-07-012020-09-300001524358vac:AncillaryRevenuesMembervac:VacationOwnershipMember2020-07-012020-09-300001524358vac:ExchangeandThirdPartyManagementMembervac:AncillaryRevenuesMember2020-07-012020-09-300001524358us-gaap:CorporateNonSegmentMembervac:AncillaryRevenuesMember2020-07-012020-09-300001524358vac:AncillaryRevenuesMember2020-07-012020-09-300001524358vac:VacationOwnershipMemberus-gaap:ManagementServiceMember2020-07-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:ManagementServiceMember2020-07-012020-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:ManagementServiceMember2020-07-012020-09-300001524358us-gaap:ManagementServiceMember2020-07-012020-09-300001524358vac:VacationOwnershipMemberus-gaap:ServiceOtherMember2020-07-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:ServiceOtherMember2020-07-012020-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:ServiceOtherMember2020-07-012020-09-300001524358us-gaap:ServiceOtherMember2020-07-012020-09-300001524358vac:ManagementAndExchangeMembervac:VacationOwnershipMember2020-07-012020-09-300001524358vac:ManagementAndExchangeMembervac:ExchangeandThirdPartyManagementMember2020-07-012020-09-300001524358vac:ManagementAndExchangeMemberus-gaap:CorporateNonSegmentMember2020-07-012020-09-300001524358vac:RentalMembervac:VacationOwnershipMember2020-07-012020-09-300001524358vac:RentalMembervac:ExchangeandThirdPartyManagementMember2020-07-012020-09-300001524358vac:RentalMemberus-gaap:CorporateNonSegmentMember2020-07-012020-09-300001524358vac:VacationOwnershipMember2020-07-012020-09-300001524358vac:ExchangeandThirdPartyManagementMember2020-07-012020-09-300001524358us-gaap:CorporateNonSegmentMember2020-07-012020-09-300001524358vac:VacationOwnershipMemberus-gaap:TimeShareMember2021-01-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TimeShareMember2021-01-012021-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TimeShareMember2021-01-012021-09-300001524358vac:AncillaryRevenuesMembervac:VacationOwnershipMember2021-01-012021-09-300001524358vac:ExchangeandThirdPartyManagementMembervac:AncillaryRevenuesMember2021-01-012021-09-300001524358us-gaap:CorporateNonSegmentMembervac:AncillaryRevenuesMember2021-01-012021-09-300001524358vac:AncillaryRevenuesMember2021-01-012021-09-300001524358vac:VacationOwnershipMemberus-gaap:ManagementServiceMember2021-01-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:ManagementServiceMember2021-01-012021-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:ManagementServiceMember2021-01-012021-09-300001524358us-gaap:ManagementServiceMember2021-01-012021-09-300001524358vac:VacationOwnershipMemberus-gaap:ServiceOtherMember2021-01-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:ServiceOtherMember2021-01-012021-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:ServiceOtherMember2021-01-012021-09-300001524358us-gaap:ServiceOtherMember2021-01-012021-09-300001524358vac:ManagementAndExchangeMembervac:VacationOwnershipMember2021-01-012021-09-300001524358vac:ManagementAndExchangeMembervac:ExchangeandThirdPartyManagementMember2021-01-012021-09-300001524358vac:ManagementAndExchangeMemberus-gaap:CorporateNonSegmentMember2021-01-012021-09-300001524358vac:RentalMembervac:VacationOwnershipMember2021-01-012021-09-300001524358vac:RentalMembervac:ExchangeandThirdPartyManagementMember2021-01-012021-09-300001524358vac:RentalMemberus-gaap:CorporateNonSegmentMember2021-01-012021-09-300001524358vac:VacationOwnershipMember2021-01-012021-09-300001524358vac:ExchangeandThirdPartyManagementMember2021-01-012021-09-300001524358us-gaap:CorporateNonSegmentMember2021-01-012021-09-300001524358vac:VacationOwnershipMemberus-gaap:TimeShareMember2020-01-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TimeShareMember2020-01-012020-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TimeShareMember2020-01-012020-09-300001524358vac:AncillaryRevenuesMembervac:VacationOwnershipMember2020-01-012020-09-300001524358vac:ExchangeandThirdPartyManagementMembervac:AncillaryRevenuesMember2020-01-012020-09-300001524358us-gaap:CorporateNonSegmentMembervac:AncillaryRevenuesMember2020-01-012020-09-300001524358vac:AncillaryRevenuesMember2020-01-012020-09-300001524358vac:VacationOwnershipMemberus-gaap:ManagementServiceMember2020-01-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:ManagementServiceMember2020-01-012020-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:ManagementServiceMember2020-01-012020-09-300001524358us-gaap:ManagementServiceMember2020-01-012020-09-300001524358vac:VacationOwnershipMemberus-gaap:ServiceOtherMember2020-01-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:ServiceOtherMember2020-01-012020-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:ServiceOtherMember2020-01-012020-09-300001524358us-gaap:ServiceOtherMember2020-01-012020-09-300001524358vac:ManagementAndExchangeMembervac:VacationOwnershipMember2020-01-012020-09-300001524358vac:ManagementAndExchangeMembervac:ExchangeandThirdPartyManagementMember2020-01-012020-09-300001524358vac:ManagementAndExchangeMemberus-gaap:CorporateNonSegmentMember2020-01-012020-09-300001524358vac:RentalMembervac:VacationOwnershipMember2020-01-012020-09-300001524358vac:RentalMembervac:ExchangeandThirdPartyManagementMember2020-01-012020-09-300001524358vac:RentalMemberus-gaap:CorporateNonSegmentMember2020-01-012020-09-300001524358vac:VacationOwnershipMember2020-01-012020-09-300001524358vac:ExchangeandThirdPartyManagementMember2020-01-012020-09-300001524358us-gaap:CorporateNonSegmentMember2020-01-012020-09-300001524358us-gaap:TransferredOverTimeMembervac:VacationOwnershipMember2021-07-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TransferredOverTimeMember2021-07-012021-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TransferredOverTimeMember2021-07-012021-09-300001524358us-gaap:TransferredOverTimeMember2021-07-012021-09-300001524358vac:VacationOwnershipMemberus-gaap:TransferredAtPointInTimeMember2021-07-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TransferredAtPointInTimeMember2021-07-012021-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TransferredAtPointInTimeMember2021-07-012021-09-300001524358us-gaap:TransferredAtPointInTimeMember2021-07-012021-09-300001524358us-gaap:TransferredOverTimeMembervac:VacationOwnershipMember2020-07-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TransferredOverTimeMember2020-07-012020-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TransferredOverTimeMember2020-07-012020-09-300001524358us-gaap:TransferredOverTimeMember2020-07-012020-09-300001524358vac:VacationOwnershipMemberus-gaap:TransferredAtPointInTimeMember2020-07-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TransferredAtPointInTimeMember2020-07-012020-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TransferredAtPointInTimeMember2020-07-012020-09-300001524358us-gaap:TransferredAtPointInTimeMember2020-07-012020-09-300001524358us-gaap:TransferredOverTimeMembervac:VacationOwnershipMember2021-01-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TransferredOverTimeMember2021-01-012021-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TransferredOverTimeMember2021-01-012021-09-300001524358us-gaap:TransferredOverTimeMember2021-01-012021-09-300001524358vac:VacationOwnershipMemberus-gaap:TransferredAtPointInTimeMember2021-01-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TransferredAtPointInTimeMember2021-01-012021-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TransferredAtPointInTimeMember2021-01-012021-09-300001524358us-gaap:TransferredAtPointInTimeMember2021-01-012021-09-300001524358us-gaap:TransferredOverTimeMembervac:VacationOwnershipMember2020-01-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TransferredOverTimeMember2020-01-012020-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TransferredOverTimeMember2020-01-012020-09-300001524358us-gaap:TransferredOverTimeMember2020-01-012020-09-300001524358vac:VacationOwnershipMemberus-gaap:TransferredAtPointInTimeMember2020-01-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:TransferredAtPointInTimeMember2020-01-012020-09-300001524358us-gaap:CorporateNonSegmentMemberus-gaap:TransferredAtPointInTimeMember2020-01-012020-09-300001524358us-gaap:TransferredAtPointInTimeMember2020-01-012020-09-3000015243582021-10-012021-09-300001524358vac:IndemnifiedTaxLiabilityMember2021-09-300001524358vac:OriginatedMembervac:SecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:AcquiredMembervac:SecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:SecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:OriginatedMembervac:SecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:AcquiredMembervac:SecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:SecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:EligibleForSecuritizationMembervac:OriginatedMember2021-09-300001524358vac:EligibleForSecuritizationMembervac:AcquiredMember2021-09-300001524358vac:EligibleForSecuritizationMember2021-09-300001524358vac:EligibleForSecuritizationMembervac:OriginatedMember2020-12-310001524358vac:EligibleForSecuritizationMembervac:AcquiredMember2020-12-310001524358vac:EligibleForSecuritizationMember2020-12-310001524358vac:OriginatedMembervac:NotEligibleForSecuritizationMember2021-09-300001524358vac:AcquiredMembervac:NotEligibleForSecuritizationMember2021-09-300001524358vac:NotEligibleForSecuritizationMember2021-09-300001524358vac:OriginatedMembervac:NotEligibleForSecuritizationMember2020-12-310001524358vac:AcquiredMembervac:NotEligibleForSecuritizationMember2020-12-310001524358vac:NotEligibleForSecuritizationMember2020-12-310001524358vac:OriginatedMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:AcquiredMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:OriginatedMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:AcquiredMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:OriginatedMember2021-09-300001524358vac:AcquiredMember2021-09-300001524358vac:OriginatedMember2020-12-310001524358vac:AcquiredMember2020-12-310001524358vac:SecuritizedVacationOwnershipNotesReceivableMember2021-07-012021-09-300001524358vac:SecuritizedVacationOwnershipNotesReceivableMember2020-07-012020-09-300001524358vac:SecuritizedVacationOwnershipNotesReceivableMember2021-01-012021-09-300001524358vac:SecuritizedVacationOwnershipNotesReceivableMember2020-01-012020-09-300001524358vac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-07-012021-09-300001524358vac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-07-012020-09-300001524358vac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-01-012021-09-300001524358vac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-01-012020-09-300001524358vac:COVID19PandemicMember2020-01-012020-03-310001524358vac:COVID19PandemicMember2020-10-012020-12-310001524358vac:COVID19PandemicMember2021-01-012021-09-300001524358vac:AcquiredMember2021-01-012021-09-300001524358srt:WeightedAverageMembervac:AcquiredMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358srt:WeightedAverageMembervac:AcquiredMembervac:SecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358srt:WeightedAverageMembervac:AcquiredMember2021-09-300001524358vac:AcquiredMembersrt:MinimumMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:AcquiredMembervac:NonsecuritizedVacationOwnershipNotesReceivableMembersrt:MaximumMember2021-09-300001524358vac:AcquiredMembervac:SecuritizedVacationOwnershipNotesReceivableMembersrt:MinimumMember2021-09-300001524358vac:AcquiredMembervac:SecuritizedVacationOwnershipNotesReceivableMembersrt:MaximumMember2021-09-300001524358vac:AcquiredMembersrt:MinimumMember2021-09-300001524358vac:AcquiredMembersrt:MaximumMember2021-09-300001524358vac:AcquiredMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-01-012021-09-300001524358vac:AcquiredMembervac:SecuritizedVacationOwnershipNotesReceivableMember2021-01-012021-09-300001524358vac:OriginatedMember2021-01-012021-09-300001524358srt:WeightedAverageMembervac:OriginatedMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358srt:WeightedAverageMembervac:OriginatedMembervac:SecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358srt:WeightedAverageMembervac:OriginatedMember2021-09-300001524358vac:OriginatedMembersrt:MinimumMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:OriginatedMembervac:NonsecuritizedVacationOwnershipNotesReceivableMembersrt:MaximumMember2021-09-300001524358vac:OriginatedMembervac:SecuritizedVacationOwnershipNotesReceivableMembersrt:MinimumMember2021-09-300001524358vac:OriginatedMembervac:SecuritizedVacationOwnershipNotesReceivableMembersrt:MaximumMember2021-09-300001524358vac:OriginatedMembersrt:MinimumMember2021-09-300001524358vac:OriginatedMembersrt:MaximumMember2021-09-300001524358vac:OriginatedMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-01-012021-09-300001524358vac:OriginatedMembervac:SecuritizedVacationOwnershipNotesReceivableMember2021-01-012021-09-300001524358vac:LegacyMVWMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMember2021-09-300001524358vac:LegacyMVWMember2021-09-300001524358vac:LegacyMVWMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMember2020-12-310001524358vac:LegacyMVWMember2020-12-310001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:LegacyMVWMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMember2021-09-300001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:LegacyMVWMember2021-09-300001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:LegacyMVWMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMember2020-12-310001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:LegacyMVWMember2020-12-310001524358vac:FinancialAssetAging91To150DaysPastDueMembervac:LegacyMVWMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:FinancialAssetAging91To150DaysPastDueMembervac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMember2021-09-300001524358vac:FinancialAssetAging91To150DaysPastDueMembervac:LegacyMVWMember2021-09-300001524358vac:FinancialAssetAging91To150DaysPastDueMembervac:LegacyMVWMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:FinancialAssetAging91To150DaysPastDueMembervac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMember2020-12-310001524358vac:FinancialAssetAging91To150DaysPastDueMembervac:LegacyMVWMember2020-12-310001524358vac:FinancialAssetAgingGreaterThan150DaysPastDueMembervac:LegacyMVWMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:FinancialAssetAgingGreaterThan150DaysPastDueMembervac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMember2021-09-300001524358vac:FinancialAssetAgingGreaterThan150DaysPastDueMembervac:LegacyMVWMember2021-09-300001524358vac:FinancialAssetAgingGreaterThan150DaysPastDueMembervac:LegacyMVWMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:FinancialAssetAgingGreaterThan150DaysPastDueMembervac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMember2020-12-310001524358vac:FinancialAssetAgingGreaterThan150DaysPastDueMembervac:LegacyMVWMember2020-12-310001524358us-gaap:FinancialAssetPastDueMembervac:LegacyMVWMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358us-gaap:FinancialAssetPastDueMembervac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMember2021-09-300001524358us-gaap:FinancialAssetPastDueMembervac:LegacyMVWMember2021-09-300001524358us-gaap:FinancialAssetPastDueMembervac:LegacyMVWMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358us-gaap:FinancialAssetPastDueMembervac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMember2020-12-310001524358us-gaap:FinancialAssetPastDueMembervac:LegacyMVWMember2020-12-310001524358vac:LegacyMVWMemberus-gaap:FinancialAssetNotPastDueMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMemberus-gaap:FinancialAssetNotPastDueMember2021-09-300001524358vac:LegacyMVWMemberus-gaap:FinancialAssetNotPastDueMember2021-09-300001524358vac:LegacyMVWMemberus-gaap:FinancialAssetNotPastDueMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:SecuritizedVacationOwnershipNotesReceivableMembervac:LegacyMVWMemberus-gaap:FinancialAssetNotPastDueMember2020-12-310001524358vac:LegacyMVWMemberus-gaap:FinancialAssetNotPastDueMember2020-12-310001524358vac:LegacyILGWelkMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:LegacyILGWelkMember2021-09-300001524358vac:LegacyILGWelkMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:LegacyILGWelkMember2020-12-310001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:LegacyILGWelkMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:LegacyILGWelkMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:FinancialAssetAging31To90DaysPastDueMembervac:LegacyILGWelkMember2020-12-310001524358vac:FinancingReceivables91To120DaysPastDueMembervac:LegacyILGWelkMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:FinancingReceivables91To120DaysPastDueMembervac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:FinancingReceivables91To120DaysPastDueMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivables91To120DaysPastDueMembervac:LegacyILGWelkMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:FinancingReceivables91To120DaysPastDueMembervac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:FinancingReceivables91To120DaysPastDueMembervac:LegacyILGWelkMember2020-12-310001524358vac:LegacyILGWelkMembervac:NonsecuritizedVacationOwnershipNotesReceivableMembervac:FinancingReceivablesEqualToGreaterThan120DaysPastDueMember2021-09-300001524358vac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMembervac:FinancingReceivablesEqualToGreaterThan120DaysPastDueMember2021-09-300001524358vac:LegacyILGWelkMembervac:FinancingReceivablesEqualToGreaterThan120DaysPastDueMember2021-09-300001524358vac:LegacyILGWelkMembervac:NonsecuritizedVacationOwnershipNotesReceivableMembervac:FinancingReceivablesEqualToGreaterThan120DaysPastDueMember2020-12-310001524358vac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMembervac:FinancingReceivablesEqualToGreaterThan120DaysPastDueMember2020-12-310001524358vac:LegacyILGWelkMembervac:FinancingReceivablesEqualToGreaterThan120DaysPastDueMember2020-12-310001524358us-gaap:FinancialAssetPastDueMembervac:LegacyILGWelkMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358us-gaap:FinancialAssetPastDueMembervac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358us-gaap:FinancialAssetPastDueMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FinancialAssetPastDueMembervac:LegacyILGWelkMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358us-gaap:FinancialAssetPastDueMembervac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358us-gaap:FinancialAssetPastDueMembervac:LegacyILGWelkMember2020-12-310001524358vac:LegacyILGWelkMemberus-gaap:FinancialAssetNotPastDueMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMemberus-gaap:FinancialAssetNotPastDueMember2021-09-300001524358vac:LegacyILGWelkMemberus-gaap:FinancialAssetNotPastDueMember2021-09-300001524358vac:LegacyILGWelkMemberus-gaap:FinancialAssetNotPastDueMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:LegacyILGWelkMembervac:SecuritizedVacationOwnershipNotesReceivableMemberus-gaap:FinancialAssetNotPastDueMember2020-12-310001524358vac:LegacyILGWelkMemberus-gaap:FinancialAssetNotPastDueMember2020-12-310001524358vac:WestinMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:HyattMembervac:LegacyILGWelkMember2021-09-300001524358vac:AcquiredMembervac:HyattMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:HyattMembervac:LegacyILGWelkMember2021-09-300001524358vac:AcquiredMembervac:HyattMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:AcquiredMembervac:HyattMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:WelkMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:BrandOtherMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:BrandOtherMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:BrandOtherMembervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:BrandOtherMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:BrandOtherMembervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMember2020-12-310001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2020-12-310001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMember2020-12-310001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2020-12-310001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMember2020-12-310001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2020-12-310001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2020-12-310001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2020-12-310001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2020-12-310001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2020-12-310001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:HyattMembervac:LegacyILGWelkMember2020-12-310001524358vac:AcquiredMembervac:HyattMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2020-12-310001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:HyattMembervac:LegacyILGWelkMember2020-12-310001524358vac:AcquiredMembervac:HyattMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2020-12-310001524358vac:AcquiredMembervac:HyattMembervac:LegacyILGWelkMember2020-12-310001524358vac:BrandOtherMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMember2020-12-310001524358vac:BrandOtherMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2020-12-310001524358vac:FicoScoreLessThan600Membervac:BrandOtherMembervac:AcquiredMembervac:LegacyILGWelkMember2020-12-310001524358vac:BrandOtherMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2020-12-310001524358vac:BrandOtherMembervac:AcquiredMembervac:LegacyILGWelkMember2020-12-310001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMember2020-12-310001524358vac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2020-12-310001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:LegacyILGWelkMember2020-12-310001524358vac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2020-12-310001524358vac:AcquiredMembervac:LegacyILGWelkMember2020-12-310001524358vac:WestinMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:WestinMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:WestinMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFourthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueAfterFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:NilFicoScoreMember2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:WestinMembervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:NilFicoScoreMember2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:NilFicoScoreMember2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358vac:AcquiredMembervac:HyattandOtherMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:WelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMemberus-gaap:FicoScore600To699Membervac:WelkMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:WelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueThirdYearMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMembervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:NilFicoScoreMembervac:WelkMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:WelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueThirdYearMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:WelkMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:WelkMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:AcquiredMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:AcquiredMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:WestinMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:WelkMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMember2020-12-310001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2020-12-310001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMember2020-12-310001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2020-12-310001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMember2020-12-310001524358us-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2020-12-310001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2020-12-310001524358vac:FicoScoreLessThan600Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2020-12-310001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2020-12-310001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2020-12-310001524358us-gaap:FicoScoreGreaterThan700Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2020-12-310001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2020-12-310001524358vac:FicoScoreLessThan600Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2020-12-310001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2020-12-310001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2020-12-310001524358us-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMember2020-12-310001524358vac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2020-12-310001524358vac:FicoScoreLessThan600Membervac:OriginatedMembervac:LegacyILGWelkMember2020-12-310001524358vac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2020-12-310001524358vac:OriginatedMembervac:LegacyILGWelkMember2020-12-310001524358vac:WestinMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:WestinMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:WestinMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFourthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueAfterFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:WestinMembervac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:NilFicoScoreMember2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:WestinMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:WestinMembervac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:NilFicoScoreMember2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:SheratonMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Member2021-09-300001524358vac:FicoScoreLessThan600Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFourthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFifthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueAfterFifthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:NilFicoScoreMember2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMember2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMember2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:HyattMembervac:OriginatedMembervac:LegacyILGWelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:WelkMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358us-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMemberus-gaap:FicoScoreGreaterThan700Membervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMemberus-gaap:FicoScore600To699Membervac:WelkMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:WelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:FinancingReceivablesPastDueThirdYearMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMemberus-gaap:FicoScore600To699Membervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMembervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FicoScoreLessThan600Membervac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:NilFicoScoreMembervac:WelkMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:WelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:FinancingReceivablesPastDueThirdYearMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:NilFicoScoreMembervac:WelkMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueCurrentYearMembervac:WelkMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMembervac:FinancingReceivablesPastDueSecondYearMember2021-09-300001524358vac:OriginatedMembervac:LegacyILGWelkMembervac:FinancingReceivablesPastDueThirdYearMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFourthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358vac:FinancingReceivablesPastDueAfterFifthYearMembervac:OriginatedMembervac:LegacyILGWelkMembervac:WelkMember2021-09-300001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:OriginatedMember2021-09-300001524358vac:OriginatedMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:OriginatedMember2020-12-310001524358vac:OriginatedMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-09-300001524358us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310001524358us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:NonRecourseDebtMember2021-09-300001524358vac:NonRecourseDebtMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:NonRecourseDebtMember2020-12-310001524358vac:NonRecourseDebtMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358vac:A2025NotesMemberus-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-09-300001524358vac:A2025NotesMemberus-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358vac:A2025NotesMemberus-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310001524358vac:A2025NotesMemberus-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358us-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMembervac:A2026NotesMember2021-09-300001524358us-gaap:SeniorNotesMembervac:A2026NotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358us-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMembervac:A2026NotesMember2020-12-310001524358us-gaap:SeniorNotesMembervac:A2026NotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358us-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMembervac:A2028NotesMember2021-09-300001524358us-gaap:SeniorNotesMembervac:A2028NotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358us-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMembervac:A2028NotesMember2020-12-310001524358us-gaap:SeniorNotesMembervac:A2028NotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358vac:A2029NotesMemberus-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-09-300001524358vac:A2029NotesMemberus-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358vac:A2029NotesMemberus-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310001524358vac:A2029NotesMemberus-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:TermLoanMembervac:CorporateCreditFacilityMember2021-09-300001524358vac:TermLoanMembervac:CorporateCreditFacilityMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:TermLoanMembervac:CorporateCreditFacilityMember2020-12-310001524358vac:TermLoanMembervac:CorporateCreditFacilityMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-09-300001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:ConvertibleSeniorNotes2026Member2021-09-300001524358vac:ConvertibleSeniorNotes2026Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:ConvertibleSeniorNotes2026Member2020-12-310001524358vac:ConvertibleSeniorNotes2026Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:SecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:SecuritizedVacationOwnershipNotesReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:SecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:SecuritizedVacationOwnershipNotesReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:EligibleForSecuritizationMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:EligibleForSecuritizationMembervac:NonsecuritizedVacationOwnershipNotesReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:EligibleForSecuritizationMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:EligibleForSecuritizationMembervac:NonsecuritizedVacationOwnershipNotesReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358vac:NotEligibleForSecuritizationMemberus-gaap:CarryingReportedAmountFairValueDisclosureMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:NotEligibleForSecuritizationMembervac:NonsecuritizedVacationOwnershipNotesReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358vac:NotEligibleForSecuritizationMemberus-gaap:CarryingReportedAmountFairValueDisclosureMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:NotEligibleForSecuritizationMembervac:NonsecuritizedVacationOwnershipNotesReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2021-09-300001524358vac:NonsecuritizedVacationOwnershipNotesReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-09-300001524358us-gaap:CarryingReportedAmountFairValueDisclosureMembervac:NonsecuritizedVacationOwnershipNotesReceivableMember2020-12-310001524358vac:NonsecuritizedVacationOwnershipNotesReceivableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001524358us-gaap:PerformanceSharesMember2021-07-012021-09-300001524358vac:EmployeeStockOptionsAndStockAppreciationRightsSARsMember2020-07-012020-09-300001524358vac:EmployeeStockOptionsAndStockAppreciationRightsSARsMember2021-01-012021-09-300001524358vac:EmployeeStockOptionsAndStockAppreciationRightsSARsMember2020-01-012020-09-300001524358us-gaap:RestrictedStockUnitsRSUMember2020-07-012020-09-300001524358us-gaap:RestrictedStockUnitsRSUMember2021-01-012021-09-300001524358us-gaap:RestrictedStockUnitsRSUMember2020-01-012020-09-300001524358us-gaap:ConvertibleDebtSecuritiesMembervac:A2022ConvertibleNotesAndWarrantsMember2020-07-012020-09-300001524358us-gaap:ConvertibleDebtSecuritiesMembervac:A2022ConvertibleNotesAndWarrantsMember2021-01-012021-09-300001524358us-gaap:ConvertibleDebtSecuritiesMembervac:A2022ConvertibleNotesAndWarrantsMember2020-01-012020-09-300001524358us-gaap:StockAppreciationRightsSARSMember2021-07-012021-09-300001524358vac:VacationOwnershipMember2020-12-310001524358vac:ExchangeandThirdPartyManagementMember2020-12-310001524358vac:VacationOwnershipMembervac:WelkMember2021-01-012021-06-300001524358vac:ExchangeandThirdPartyManagementMembervac:WelkMember2021-01-012021-06-300001524358vac:WelkMember2021-01-012021-06-300001524358vac:VacationOwnershipMember2021-06-300001524358vac:ExchangeandThirdPartyManagementMember2021-06-300001524358vac:VacationOwnershipMember2021-09-300001524358vac:ExchangeandThirdPartyManagementMember2021-09-300001524358vac:ExchangeandThirdPartyManagementMember2020-01-012020-03-310001524358us-gaap:CustomerRelationshipsMember2021-09-300001524358us-gaap:CustomerRelationshipsMember2020-12-310001524358vac:ManagementContractsMember2021-09-300001524358vac:ManagementContractsMember2020-12-310001524358us-gaap:TradeNamesMember2021-09-300001524358us-gaap:TradeNamesMember2020-12-310001524358vac:InformationSystemsAndTechnologyMember2021-09-300001524358vac:BaliIndonesiaResortTwoMember2021-09-300001524358us-gaap:RevolvingCreditFacilityMember2021-09-300001524358us-gaap:LetterOfCreditMember2021-09-300001524358vac:WelkMember2021-09-300001524358vac:VacationOwnershipNotesReceivableSecuritizationsMemberus-gaap:SecuredDebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:VacationOwnershipNotesReceivableSecuritizationsMemberus-gaap:SecuredDebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-12-310001524358srt:MinimumMemberus-gaap:SecuredDebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358srt:MaximumMemberus-gaap:SecuredDebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358us-gaap:SecuredDebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-30vac:loan0001524358vac:MVW20211WLLCMemberus-gaap:SecuredDebtMember2021-04-012021-06-30vac:class0001524358vac:ClassANotesMembervac:MVW20211WLLCMemberus-gaap:SecuredDebtMember2021-04-012021-06-300001524358vac:ClassBNotesMembervac:MVW20211WLLCMemberus-gaap:SecuredDebtMember2021-04-012021-06-300001524358vac:ClassCNotesMembervac:MVW20211WLLCMemberus-gaap:SecuredDebtMember2021-04-012021-06-300001524358vac:ClassDNotesMembervac:MVW20211WLLCMemberus-gaap:SecuredDebtMember2021-04-012021-06-300001524358vac:ClassANotesMembervac:MVW20211WLLCMemberus-gaap:SecuredDebtMember2021-06-300001524358vac:ClassBNotesMembervac:MVW20211WLLCMemberus-gaap:SecuredDebtMember2021-06-300001524358vac:ClassCNotesMembervac:MVW20211WLLCMemberus-gaap:SecuredDebtMember2021-06-300001524358vac:ClassDNotesMembervac:MVW20211WLLCMemberus-gaap:SecuredDebtMember2021-06-300001524358vac:MVW20211WLLCMemberus-gaap:SecuredDebtMember2021-06-300001524358vac:WarehouseCreditFacilityMember2020-12-310001524358vac:WarehouseCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-01-012021-03-310001524358vac:WarehouseCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-04-012021-06-300001524358vac:WarehouseCreditFacilityMemberus-gaap:SecuredDebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:A2025NotesMemberus-gaap:SeniorNotesMember2021-09-300001524358vac:A2025NotesMemberus-gaap:SeniorNotesMember2020-12-310001524358us-gaap:SeniorNotesMembervac:A2026NotesMember2021-09-300001524358us-gaap:SeniorNotesMembervac:A2026NotesMember2020-12-310001524358us-gaap:SeniorNotesMembervac:A2028NotesMember2021-09-300001524358us-gaap:SeniorNotesMembervac:A2028NotesMember2020-12-310001524358vac:A2029NotesMemberus-gaap:SeniorNotesMember2021-09-300001524358vac:A2029NotesMemberus-gaap:SeniorNotesMember2020-12-310001524358vac:TermLoanMembervac:CorporateCreditFacilityMember2021-09-300001524358vac:TermLoanMembervac:CorporateCreditFacilityMember2020-12-310001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:ConvertibleDebtMember2021-09-300001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:ConvertibleDebtMember2020-12-310001524358us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:ConvertibleDebtMembervac:ConvertibleSeniorNotes2026Member2021-09-300001524358us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:ConvertibleDebtMembervac:ConvertibleSeniorNotes2026Member2020-12-310001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:ConvertibleDebtMember2021-09-300001524358us-gaap:ConvertibleDebtMembervac:ConvertibleSeniorNotes2026Member2021-09-300001524358us-gaap:SeniorNotesMembervac:SeniorSecuredNotesMember2021-09-300001524358vac:A2029NotesMemberus-gaap:SeniorNotesMember2021-06-212021-06-210001524358us-gaap:SeniorNotesMembervac:A2026NotesMember2021-07-012021-07-310001524358us-gaap:SeniorNotesMembervac:A2026NotesMember2021-09-012021-09-300001524358us-gaap:SeniorNotesMembervac:A2026NotesMember2021-07-012021-09-300001524358us-gaap:SeniorNotesMembervac:SeniorSecuredNotesMember2021-07-012021-09-300001524358us-gaap:SeniorNotesMembervac:SeniorSecuredNotesMemberus-gaap:SubsequentEventMember2021-10-012021-11-080001524358vac:CorporateCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2021-09-300001524358vac:CorporateCreditFacilityMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LetterOfCreditMember2021-09-300001524358vac:TermLoanMembervac:CorporateCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-01-012021-09-300001524358vac:RevolvingCorporateCreditFacilityMembervac:FloatingRateMembervac:CorporateCreditFacilityMembersrt:MinimumMember2021-01-012021-09-300001524358vac:RevolvingCorporateCreditFacilityMembervac:FloatingRateMembervac:CorporateCreditFacilityMembersrt:MaximumMember2021-01-012021-09-300001524358vac:CorporateCreditFacilityMemberus-gaap:RevolvingCreditFacilityMembersrt:MinimumMember2021-01-012021-09-300001524358vac:CorporateCreditFacilityMemberus-gaap:RevolvingCreditFacilityMembersrt:MaximumMember2021-01-012021-09-300001524358vac:InterestRateSwapSeptember2023Member2021-09-300001524358vac:InterestRateSwapApril2024Member2021-09-300001524358us-gaap:InterestRateContractMember2021-09-300001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-12-310001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2019-12-310001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-01-012021-03-310001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-01-012020-03-310001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-03-310001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-03-310001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-04-012021-06-300001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-04-012020-06-300001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-06-300001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-06-300001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-07-012021-09-300001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-07-012020-09-300001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-09-300001524358us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-09-300001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:ConvertibleDebtMember2017-12-310001524358us-gaap:ConvertibleDebtMember2021-09-300001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:ConvertibleDebtMember2020-12-310001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:ConvertibleDebtMember2021-07-012021-09-300001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:ConvertibleDebtMember2020-07-012020-09-300001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:ConvertibleDebtMember2021-01-012021-09-300001524358vac:ConvertibleSeniorNotes2022Memberus-gaap:ConvertibleDebtMember2020-01-012020-09-300001524358vac:ConvertibleNoteHedgesMember2017-12-310001524358vac:ConvertibleSeniorNotes2022Membervac:ConvertibleNoteHedgesMember2021-09-300001524358vac:ConvertibleSeniorNotes2022Membervac:PrivateWarrantsMember2021-09-300001524358us-gaap:ConvertibleDebtMembervac:ConvertibleSeniorNotes2026Member2021-03-310001524358us-gaap:ConvertibleDebtMembervac:ConvertibleSeniorNotes2026Member2021-01-012021-03-31vac:trading_day0001524358us-gaap:DebtInstrumentRedemptionPeriodOneMembervac:ConvertibleSeniorNotes2026Member2021-01-012021-09-30vac:consecutive_trading_day0001524358vac:ConvertibleSeniorNotes2026Memberus-gaap:DebtInstrumentRedemptionPeriodTwoMember2021-01-012021-09-300001524358vac:ConvertibleSeniorNotes2026Member2021-01-012021-09-300001524358vac:ConvertibleSeniorNotes2026Member2021-09-300001524358us-gaap:ConvertibleDebtMembervac:ConvertibleSeniorNotes2026Member2020-12-310001524358us-gaap:ConvertibleDebtMembervac:ConvertibleSeniorNotes2026Member2021-07-012021-09-300001524358us-gaap:ConvertibleDebtMembervac:ConvertibleSeniorNotes2026Member2020-07-012020-09-300001524358us-gaap:ConvertibleDebtMembervac:ConvertibleSeniorNotes2026Member2021-01-012021-09-300001524358us-gaap:ConvertibleDebtMembervac:ConvertibleSeniorNotes2026Member2020-01-012020-09-300001524358vac:A2026ConvertibleNoteHedgesMembervac:ConvertibleNoteHedgesMember2021-09-300001524358vac:A2026ConvertibleNoteHedgesMembervac:PrivateWarrantsMember2021-09-300001524358vac:A2026ConvertibleNoteHedgesMemberus-gaap:ConvertibleDebtMember2021-09-300001524358vac:A2026ConvertibleNoteHedgesMemberus-gaap:ConvertibleDebtMember2021-01-012021-09-300001524358vac:A2026ConvertibleNoteHedgesMembervac:PrivateWarrantsMemberus-gaap:ConvertibleDebtMember2021-01-012021-09-3000015243582021-09-130001524358us-gaap:TreasuryStockMember2021-01-012021-09-3000015243582021-09-102021-09-100001524358vac:PropertyOwnersAssociationsMember2020-12-310001524358vac:PropertyOwnersAssociationsMember2021-09-300001524358vac:MarriottVacationsWorldwideCorporationMember2021-09-300001524358vac:ServiceBasedRestrictedStockUnitMember2021-07-012021-09-300001524358vac:ServiceBasedRestrictedStockUnitMember2020-07-012020-09-300001524358vac:ServiceBasedRestrictedStockUnitMember2021-01-012021-09-300001524358vac:ServiceBasedRestrictedStockUnitMember2020-01-012020-09-300001524358vac:PerformanceBasedRestrictedStockUnitMember2021-07-012021-09-300001524358vac:PerformanceBasedRestrictedStockUnitMember2020-07-012020-09-300001524358vac:PerformanceBasedRestrictedStockUnitMember2021-01-012021-09-300001524358vac:PerformanceBasedRestrictedStockUnitMember2020-01-012020-09-300001524358vac:ILGAcquisitionConvertedRestrictedStockUnitRSUsMember2021-07-012021-09-300001524358vac:ILGAcquisitionConvertedRestrictedStockUnitRSUsMember2020-07-012020-09-300001524358vac:ILGAcquisitionConvertedRestrictedStockUnitRSUsMember2021-01-012021-09-300001524358vac:ILGAcquisitionConvertedRestrictedStockUnitRSUsMember2020-01-012020-09-300001524358us-gaap:RestrictedStockUnitsRSUMember2021-07-012021-09-300001524358us-gaap:RestrictedStockUnitsRSUMember2020-07-012020-09-300001524358us-gaap:RestrictedStockUnitsRSUMember2021-01-012021-09-300001524358us-gaap:RestrictedStockUnitsRSUMember2020-01-012020-09-300001524358us-gaap:StockAppreciationRightsSARSMember2021-07-012021-09-300001524358us-gaap:StockAppreciationRightsSARSMember2020-07-012020-09-300001524358us-gaap:StockAppreciationRightsSARSMember2021-01-012021-09-300001524358us-gaap:StockAppreciationRightsSARSMember2020-01-012020-09-300001524358vac:ServiceBasedRestrictedStockUnitMember2021-09-300001524358vac:ServiceBasedRestrictedStockUnitMember2020-12-310001524358vac:PerformanceBasedRestrictedStockUnitMember2021-09-300001524358vac:PerformanceBasedRestrictedStockUnitMember2020-12-310001524358us-gaap:RestrictedStockUnitsRSUMember2021-09-300001524358us-gaap:RestrictedStockUnitsRSUMember2020-12-310001524358us-gaap:StockAppreciationRightsSARSMember2021-09-300001524358us-gaap:StockAppreciationRightsSARSMember2020-12-310001524358us-gaap:RestrictedStockUnitsRSUMembervac:EmployeesAndNonEmployeeDirectorsMember2021-01-012021-09-300001524358vac:VacationOwnershipNotesReceivableMembervac:VacationOwnershipNotesReceivableSecuritizationsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:VacationOwnershipNotesReceivableMembervac:WarehouseCreditFacilityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:VacationOwnershipNotesReceivableMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:InterestReceivableMembervac:VacationOwnershipNotesReceivableSecuritizationsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:InterestReceivableMembervac:WarehouseCreditFacilityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:InterestReceivableMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:RestrictedCashMembervac:VacationOwnershipNotesReceivableSecuritizationsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:RestrictedCashMembervac:WarehouseCreditFacilityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:RestrictedCashMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:VacationOwnershipNotesReceivableSecuritizationsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:WarehouseCreditFacilityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:InterestPayableMembervac:VacationOwnershipNotesReceivableSecuritizationsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:InterestPayableMembervac:WarehouseCreditFacilityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:InterestPayableMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:WarehouseCreditFacilityMemberus-gaap:SecuredDebtMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:VacationOwnershipNotesReceivableSecuritizationsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-07-012021-09-300001524358vac:WarehouseCreditFacilityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-07-012021-09-300001524358us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-07-012021-09-300001524358vac:VacationOwnershipNotesReceivableSecuritizationsMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-01-012021-09-300001524358vac:WarehouseCreditFacilityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-01-012021-09-300001524358us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-01-012021-09-300001524358vac:VacationOwnershipNotesReceivableSecuritizationsMember2021-01-012021-09-300001524358vac:VacationOwnershipNotesReceivableSecuritizationsMember2020-01-012020-09-300001524358vac:WarehouseCreditFacilityMember2021-01-012021-09-300001524358vac:WarehouseCreditFacilityMember2020-01-012020-09-300001524358vac:SanFranciscoCaliforniaMember2021-09-300001524358vac:SanFranciscoCaliforniaMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-09-300001524358vac:WaikikiHawaiiMember2021-09-300001524358vac:WaikikiHawaiiMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2021-09-30vac:Segmentvac:brand0001524358us-gaap:OperatingSegmentsMembervac:VacationOwnershipMember2021-07-012021-09-300001524358us-gaap:OperatingSegmentsMembervac:VacationOwnershipMember2020-07-012020-09-300001524358us-gaap:OperatingSegmentsMembervac:VacationOwnershipMember2021-01-012021-09-300001524358us-gaap:OperatingSegmentsMembervac:VacationOwnershipMember2020-01-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:OperatingSegmentsMember2021-07-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:OperatingSegmentsMember2020-07-012020-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:OperatingSegmentsMember2021-01-012021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:OperatingSegmentsMember2020-01-012020-09-300001524358us-gaap:OperatingSegmentsMember2021-07-012021-09-300001524358us-gaap:OperatingSegmentsMember2020-07-012020-09-300001524358us-gaap:OperatingSegmentsMember2021-01-012021-09-300001524358us-gaap:OperatingSegmentsMember2020-01-012020-09-300001524358us-gaap:OperatingSegmentsMembervac:VacationOwnershipMember2021-09-300001524358us-gaap:OperatingSegmentsMembervac:VacationOwnershipMember2020-12-310001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:OperatingSegmentsMember2021-09-300001524358vac:ExchangeandThirdPartyManagementMemberus-gaap:OperatingSegmentsMember2020-12-310001524358us-gaap:OperatingSegmentsMember2021-09-300001524358us-gaap:OperatingSegmentsMember2020-12-310001524358us-gaap:CorporateNonSegmentMember2021-09-300001524358us-gaap:CorporateNonSegmentMember2020-12-310001524358us-gaap:NonUsMemberus-gaap:SalesRevenueNetMemberus-gaap:GeographicConcentrationRiskMember2021-07-012021-09-300001524358us-gaap:NonUsMemberus-gaap:SalesRevenueNetMemberus-gaap:GeographicConcentrationRiskMember2020-07-012020-09-300001524358us-gaap:NonUsMemberus-gaap:SalesRevenueNetMemberus-gaap:GeographicConcentrationRiskMember2020-01-012020-09-300001524358us-gaap:NonUsMemberus-gaap:SalesRevenueNetMemberus-gaap:GeographicConcentrationRiskMember2021-01-012021-09-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________
FORM 10-Q
___________________________________________
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2021
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission file number 001-35219
_________________________
Marriott Vacations Worldwide Corporation
(Exact name of registrant as specified in its charter)
_________________________
Delaware45-2598330
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
9002 San Marco CourtOrlandoFL32819
(Address of principal executive offices)(Zip Code)
(407) 206-6000 (Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 Par ValueVACNew York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes      No  
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filerAccelerated filer
Non-accelerated filer
Smaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes No
The number of shares outstanding of the issuer’s common stock, par value $0.01 per share, as of November 4, 2021 was 42,595,068.




MARRIOTT VACATIONS WORLDWIDE CORPORATION
FORM 10-Q TABLE OF CONTENTS
Page
Part I.
Item 1.
Item 2.
Item 3.
Item 4.
Part II.
Item 1.
Item 1A.
Item 2.
Item 6.
Throughout this report, we refer to Marriott Vacations Worldwide Corporation, together with its consolidated subsidiaries, as “Marriott Vacations Worldwide,” “MVW,” “we,” “us,” or “the Company.” We also refer to brands that we own, as well as those brands that we license, as our brands. All brand names, trademarks, service marks and trade names cited in this report are the property of their respective owners, including those of other companies and organizations. Solely for convenience, trademarks, trade names and service marks referred to in this report may appear without the ® or TM symbols, however such references are not intended to indicate in any way that MVW or the owner, as applicable, will not assert, to the fullest extent under applicable law, all rights to such trademarks, trade names and service marks.
Capitalized terms used and not specifically defined herein have the same meanings given those terms in our Annual Report on Form 10-K for the year ended December 31, 2020 (the “2020 Annual Report”). When discussing our properties or markets, we refer to the United States, Mexico, Central America and the Caribbean as “North America.”
The COVID-19 pandemic has caused significant disruptions in international and U.S. economies and markets, and has also had an unprecedented impact on the travel and hospitality industries, as well as the Company. We discuss the impacts of the COVID-19 pandemic and its potential future implications throughout this report; however, the COVID-19 pandemic is evolving and its potential impact on our business in the future remains uncertain.


PART I. FINANCIAL INFORMATION
Item 1.    Financial Statements
MARRIOTT VACATIONS WORLDWIDE CORPORATION
INTERIM CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share amounts)
(Unaudited)
Three Months EndedNine Months Ended
September 30, 2021September 30, 2020September 30, 2021September 30, 2020
REVENUES
Sale of vacation ownership products$330 $98 $789 $409 
Management and exchange225 176 638 548 
Rental130 56 340 209 
Financing69 64 196 206 
Cost reimbursements298 255 827 767 
TOTAL REVENUES1,052 649 2,790 2,139 
EXPENSES
Cost of vacation ownership products71 27 178 110 
Marketing and sales166 78 439 297 
Management and exchange138 106 381 342 
Rental84 74 247 245 
Financing22 24 64 85 
General and administrative54 32 166 121 
Depreciation and amortization35 30 112 93 
Litigation charges2 2 8 4 
Restructuring 20  20 
Royalty fee26 23 78 72 
Impairment 2 5 98 
Cost reimbursements298 255 827 767 
TOTAL EXPENSES896 673 2,505 2,254 
Losses and other expense, net(31) (27)(42)
Interest expense(41)(37)(128)(112)
Transaction and integration costs(27)(11)(75)(47)
Other1  2  
INCOME (LOSS) BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS58 (72)57 (316)
(Provision for) benefit from income taxes(47)14 (63)91 
NET INCOME (LOSS)11 (58)(6)(225)
Net income attributable to noncontrolling interests(1)(4)(6)(13)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS$10 $(62)$(12)$(238)
EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS
Basic$0.24 $(1.51)$(0.28)$(5.76)
Diluted$0.23 $(1.51)$(0.28)$(5.76)
CASH DIVIDENDS DECLARED PER SHARE$0.54 $ $0.54 $0.54 
See Notes to Interim Consolidated Financial Statements
1


MARRIOTT VACATIONS WORLDWIDE CORPORATION
INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions)
(Unaudited)
Three Months EndedNine Months Ended
September 30, 2021September 30, 2020September 30, 2021September 30, 2020
NET INCOME (LOSS)$11 $(58)$(6)$(225)
Foreign currency translation adjustments(4)5 (3)(9)
Derivative instrument adjustment, net of tax3 3 12 (22)
OTHER COMPREHENSIVE (LOSS) GAIN, NET OF TAX(1)8 9 (31)
Net income attributable to noncontrolling interests(1)(4)(6)(13)
Other comprehensive income attributable to noncontrolling interests    
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS(1)(4)(6)(13)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS$9 $(54)$(3)$(269)
See Notes to the Interim Consolidated Financial Statements

2


MARRIOTT VACATIONS WORLDWIDE CORPORATION
INTERIM CONSOLIDATED BALANCE SHEETS
(In millions, except share and per share data)
Unaudited
September 30, 2021December 31, 2020
ASSETS
Cash and cash equivalents$448 $524 
Restricted cash (including $69 and $68 from VIEs, respectively)
434 468 
Accounts receivable, net (including $10 and $11 from VIEs, respectively)
223 276 
Vacation ownership notes receivable, net (including $1,486 and $1,493 from VIEs, respectively)
2,026 1,840 
Inventory741 759 
Property and equipment, net1,077 791 
Goodwill3,086 2,817 
Intangibles, net1,007 952 
Other (including $70 and $54 from VIEs, respectively)
501 471 
TOTAL ASSETS$9,543 $8,898 
LIABILITIES AND EQUITY
Accounts payable$190 $209 
Advance deposits166 147 
Accrued liabilities (including $2 and $1 from VIEs, respectively)
375 349 
Deferred revenue540 488 
Payroll and benefits liability201 157 
Deferred compensation liability135 127 
Securitized debt, net (including $1,611 and $1,604 from VIEs, respectively)
1,594 1,588 
Debt, net2,795 2,680 
Other218 197 
Deferred taxes325 274 
TOTAL LIABILITIES6,539 6,216 
Contingencies and Commitments (Note 11)
Preferred stock — $0.01 par value; 2,000,000 shares authorized; none issued or outstanding
  
Common stock — $0.01 par value; 100,000,000 shares authorized; 75,491,621 and 75,279,061 shares issued, respectively
1 1 
Treasury stock — at cost; 32,776,162 and 34,184,813 shares, respectively
(1,282)(1,334)
Additional paid-in capital4,056 3,760 
Accumulated other comprehensive loss(39)(48)
Retained earnings237 272 
TOTAL MVW SHAREHOLDERS' EQUITY2,973 2,651 
Noncontrolling interests31 31 
TOTAL EQUITY3,004 2,682 
TOTAL LIABILITIES AND EQUITY$9,543 $8,898 
The abbreviation VIEs above means Variable Interest Entities.
See Notes to Interim Consolidated Financial Statements
3


MARRIOTT VACATIONS WORLDWIDE CORPORATION
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
Nine Months Ended
September 30, 2021September 30, 2020
OPERATING ACTIVITIES
Net loss$(6)$(225)
Adjustments to reconcile net loss to net cash, cash equivalents and restricted cash used by operating activities:
Depreciation and amortization of intangibles112 93 
Amortization of debt discount and issuance costs41 16 
Vacation ownership notes receivable reserve73 97 
Share-based compensation33 23 
Impairment charges5 98 
Deferred income taxes10 1 
Net change in assets and liabilities:
Accounts receivable54 24 
Vacation ownership notes receivable originations(545)(265)
Vacation ownership notes receivable collections532 487 
Inventory59 (4)
Other assets(29)57 
Accounts payable, advance deposits and accrued liabilities(44)(231)
Deferred revenue119 57 
Payroll and benefit liabilities35  
Deferred compensation liability14 8 
Other liabilities23 (11)
Deconsolidation of certain Consolidated Property Owners' Associations(87)