v3.24.3
Condensed Consolidated Statements Of Income/(Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net revenues        
Net revenues $ 993 $ 986 $ 2,893 $ 2,814
Expenses        
Operating 434 428 1,314 1,275
Marketing 152 141 417 379
General and administrative 111 108 350 347
Consumer financing interest 35 29 101 81
Depreciation and amortization 29 28 86 83
Cost of vacation ownership interests 27 43 82 107
Restructuring 14 2 14 12
Asset impairments/(recoveries), net 2 0 2 (1)
Total expenses 804 779 2,366 2,283
Loss on sale of business [1] 0 0 0 2
Operating income 189 207 527 529
Interest expense 63 64 189 183
Other (income), net (1) (2) (6) (3)
Interest (income) (3) (3) (12) (9)
Income before income taxes 130 148 356 358
Provision for income taxes 33 38 96 96
Net income from continuing operations 97 110 260 262
Gain on disposal of discontinued business, net of income taxes 0 0 32 5
Net income attributable to Travel + Leisure Co. shareholders $ 97 $ 110 $ 292 $ 267
Basic earnings per share        
Continuing operations [2] $ 1.40 $ 1.50 $ 3.68 $ 3.48
Discontinued operations [2] 0 0 0.45 0.07
Basic earnings per share [2] 1.40 1.50 4.13 3.55
Diluted earnings per share        
Continuing operations [2] 1.39 1.49 3.66 3.46
Discontinued operations [2] 0 0 0.45 0.07
Diluted earnings per share [2] $ 1.39 $ 1.49 $ 4.11 $ 3.53
Vacation ownership interest sales        
Net revenues        
Net revenues $ 455 $ 433 $ 1,265 $ 1,172
Service and membership fees        
Net revenues        
Net revenues 400 419 1,232 1,263
Consumer financing        
Net revenues        
Net revenues 114 107 335 313
Other        
Net revenues        
Net revenues $ 24 $ 27 $ 61 $ 66
[1] Represents the loss on sale of the Love Home Swap business.
[2] Earnings per share amounts are calculated using whole numbers.

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