| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 22 | -431 | -2 | 126 |
| Depreciation and amortization of intangibles | 34 | 35 | 38 | 76 |
| Amortization of debt discount and issuance costs | 5 | 6 | 6 | 12 |
| Vacation ownership notes and contracts receivable reserve | 50 | 57 | 57 | 108 |
| Share-based compensation | 10 | 10 | 9 | 19 |
| Impairment | 0 | 577 | NaN | NaN |
| Impairment charges | NaN | NaN | 31 | 0 |
| Gains and other income, net | NaN | 0 | NaN | NaN |
| Purchase and development of property for future transfer to inventory | NaN | NaN | 85 | 49 |
| Foreign currency remeasurement loss (gain) | -3 | 2 | 3 | 17 |
| Deferred income taxes | -1 | -118 | 19 | -4 |
| Accounts and contracts receivable | -15 | 27 | 21 | -8 |
| Vacation ownership notes receivable originations | -241 | -264 | -278 | -488 |
| Vacation ownership notes receivable collections | -185 | -160 | -178 | -341 |
| Inventory | -11 | -5 | -23 | 1 |
| Other assets | 122 | 83 | -76 | 49 |
| Accounts payable, advance deposits and accrued liabilities | -47 | 67 | 36 | -108 |
| Deferred revenue and other | 95 | 27 | -54 | 42 |
| Payroll and benefit liabilities | 4 | 17 | 27 | -46 |
| Deferred compensation liability | -8 | 4 | 4 | -1 |
| Other liabilities | -15 | 3 | 1 | -7 |
| Purchase and development of property for future transfer to inventory | 0 | 140 | NaN | NaN |
| Other, net | -4 | 0 | 0 | -2 |
| Net cash, cash equivalents and restricted cash (used in) provided by operating activities | -4 | 6 | 62 | -40 |
| Purchase and development of property for future sale | NaN | 0 | 0 | 0 |
| Dispositions, net | NaN | 2 | NaN | 1 |
| Proceeds from disposition of entity | 50 | NaN | NaN | NaN |
| Capital expenditures for property and equipment (excluding inventory) | 8 | 12 | 11 | 34 |
| Other, net | NaN | NaN | -2 | NaN |
| Purchase of company owned life insurance | 0 | 2 | 4 | 10 |
| Net cash, cash equivalents and restricted cash provided by (used in) investing activities | 42 | -13 | -14 | -43 |
| Borrowings from securitization transactions | 354 | 470 | 113 | 814 |
| Repayment of debt related to securitization transactions | 198 | 429 | 197 | 761 |
| Proceeds from debt | 885 | 0 | 935 | 805 |
| Repayments of debt | 1,152 | 2 | 597 | 699 |
| Finance lease incentive | NaN | 0 | NaN | NaN |
| Finance lease payment | 2 | 2 | 2 | 3 |
| Payment of debt and securitized debt issuance costs | 0 | 6 | 8 | 12 |
| Repurchase of common stock | 0 | 25 | 0 | 36 |
| Payment of dividends | 55 | 0 | 27 | 83 |
| Payment of withholding taxes on vesting of restricted stock units | 6 | 1 | 0 | 6 |
| Net cash, cash equivalents and restricted cash used in financing activities | -174 | 5 | 217 | 19 |
| Effect of changes in exchange rates on cash, cash equivalents and restricted cash | -1 | 2 | 0 | 4 |
| Change in cash, cash equivalents and restricted cash | -137 | 0 | 265 | -60 |
| Cash, cash equivalents and restricted cash, beginning of period | 733 | 733 | 528 | NaN |
| Cash, cash equivalents and restricted cash, end of period | 596 | 733 | 733 | NaN |
MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
MARRIOTT VACATIONS WORLDWIDE Corp (VAC)