Annual report pursuant to Section 13 and 15(d)

Long-Term Debt and Borrowing Arrangements (Narrative) (Details)

v3.22.4
Long-Term Debt and Borrowing Arrangements (Narrative) (Details) - USD ($)
 1 Months Ended 3 Months Ended 12 Months Ended
Apr. 08, 2022
May 31, 2018
Aug. 31, 2020
May 31, 2018
Jun. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Apr. 15, 2021
Apr. 30, 2020
Apr. 30, 2018
Debt Instrument [Line Items]                      
Hedging ineffectiveness recognized           $ 0 $ 0 $ 0      
Reclassification during next twelve months           34,000,000          
Interest expense           85,000,000 94,000,000 114,000,000      
Interest paid           82,000,000 96,000,000 101,000,000      
Interest Income, Other           5,000,000 1,000,000 2,000,000      
Early extinguishment of debt           2,000,000 18,000,000 0      
Interest Rate Swap                      
Debt Instrument [Line Items]                      
Derivative, Notional Amount   $ 1,100,000,000   $ 1,100,000,000              
Effect of interest rate swaps in interest expense           $ 2,000,000 $ 26,000,000 $ 22,000,000      
Interest Rate Swap 1                      
Debt Instrument [Line Items]                      
Derivative, Notional Amount   600,000,000   600,000,000              
Interest Rate Swap 2                      
Debt Instrument [Line Items]                      
Derivative, Notional Amount   500,000,000   $ 500,000,000              
Capital lease | Wyndham Worldwide                      
Debt Instrument [Line Items]                      
Debt instrument, interest rate, stated percentage           4.50% 4.50%        
$400 million term loan A (due April 2027)                      
Debt Instrument [Line Items]                      
Amortization of loan, equal installments       1.00%              
Mandatory prepayments, percentage net cash proceeds from issuances or incurrence of debt       100.00%              
Mandatory prepayments, percentage of net cash proceeds from certain sales or other dispositions of assets       100.00%              
Mandatory prepayments, percentage of net cash proceeds from certain sales or other disposition of assets, step down one       50.00%              
Mandatory prepayments, percentage of net cash proceeds from certain sales or other disposition of assets, step down two       0.00%              
Mandatory prepayment in excess of cash flow       50.00%              
Mandatory prepayment in excess of cash flow, step down one       25.00%              
Mandatory prepayment in excess of cash flow, step down two       0.00%              
$400 million term loan A (due April 2027) | Long-term Debt                      
Debt Instrument [Line Items]                      
Debt instrument, face amount   1,600,000,000   $ 1,600,000,000   $ 1,600,000,000          
Debt instrument, interest rate, stated percentage           3.70% 3.07%        
Aggregate fair value of interest rate swaps             $ (23,000,000)        
Long-term debt           $ 1,139,000,000 1,541,000,000        
Interest Rate Cash Flow Hedge Asset at Fair Value           $ 53,000,000          
Senior Secured Credit Facility                      
Debt Instrument [Line Items]                      
Aggregate amount of revolving loans (not to exceed)   $ 550,000,000   $ 550,000,000              
Percentage of EBITDA (not to exceed)   100.00%                  
Senior Unsecured Notes due April 2026 [Member]                      
Debt Instrument [Line Items]                      
Debt instrument, face amount             $ 500,000,000   $ 500,000,000    
Debt instrument, interest rate, stated percentage             5.375%        
Early extinguishment of debt         $ 18,000,000            
Gain (Loss) on Extinguishment of Debt, before Write off of Debt Issuance Cost         13,000,000            
Write off of Deferred Debt Issuance Cost         $ 5,000,000            
Senior Unsecured Notes due April 2026 [Member] | Senior Notes                      
Debt Instrument [Line Items]                      
Debt instrument, interest rate, stated percentage                 5.375%   5.375%
Senior Unsecured Notes due August 2028 [Member]                      
Debt Instrument [Line Items]                      
Debt instrument, face amount     $ 500,000,000                
Debt instrument, interest rate, stated percentage     4.375%                
Proceeds from Issuance of Unsecured Debt     $ 492,000,000                
Redemption price percentage of notes     102.188%                
Senior Unsecured Notes due August 2028 [Member] | Senior Notes                      
Debt Instrument [Line Items]                      
Debt instrument, interest rate, stated percentage     4.375%     4.375%          
Long-term debt           $ 494,000,000 $ 493,000,000        
Term Loan due 2027 | Long-term Debt                      
Debt Instrument [Line Items]                      
Debt instrument, face amount           400,000,000          
Periodic payment, year one, percentage 0.00%                    
Periodic payment, year two and three, percentage 5.00%                    
Periodic payment, year four and five, percentage 7.50%                    
Long-term debt $ 400,000,000         $ 399,000,000          
LIBOR | $400 million term loan A (due April 2027)                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent)       1.75%              
Basis spread on variable rate, floor (as a percent)       0.00%              
Base Rate | $400 million term loan A (due April 2027)                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent)       0.75%              
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Term Loan due 2027                      
Debt Instrument [Line Items]                      
Basis spread on variable rate, floor (as a percent) 0.10%                    
Minimum | Base Rate | Term Loan due 2027                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent) 0.50%                    
Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Term Loan due 2027                      
Debt Instrument [Line Items]                      
Basis spread on variable rate, floor (as a percent) 1.50%                    
Maximum | Base Rate | Term Loan due 2027                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent) 1.00%                    
Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Term Loan due 2027                      
Debt Instrument [Line Items]                      
Basis spread on variable rate, floor (as a percent) 2.00%                    
Weighted Average | Interest Rate Swap 1                      
Debt Instrument [Line Items]                      
Fixed interest rate on interest rate swap           2.58%          
Weighted Average | Interest Rate Swap 2                      
Debt Instrument [Line Items]                      
Fixed interest rate on interest rate swap           0.99%          
$750 million revolving credit facility (due May 2023)                      
Debt Instrument [Line Items]                      
Maximum borrowing capacity   $ 750,000,000   $ 750,000,000   $ 750,000,000          
Commitment fee percentage       0.20%              
Debt instrument term           5 years          
Debt issuance costs           $ 4,000,000 $ 2,000,000        
Debt Covenant, Minimum Liquidity Requirement                   $ 200,000,000  
Debt Covenant, Dividend Limit Per Share                   $ 0.01  
Debt Covenant, Minimum Liquidity Requirement To Trigger Dividend Restriction                   $ 300,000,000  
$750 million revolving credit facility (due May 2023) | Secured Overnight Financing Rate (SOFR) | Variable Rate Component Two                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent) 0.10%                    
$750 million revolving credit facility (due May 2023) | Minimum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent)       0.50%              
$750 million revolving credit facility (due May 2023) | Minimum | LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent)       1.50%              
$750 million revolving credit facility (due May 2023) | Minimum | Base Rate                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent) 0.50%                    
$750 million revolving credit facility (due May 2023) | Minimum | Secured Overnight Financing Rate (SOFR) | Variable Rate Component One                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent) 1.50%                    
$750 million revolving credit facility (due May 2023) | Maximum                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent)       1.00%              
$750 million revolving credit facility (due May 2023) | Maximum | LIBOR                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent)       2.00%              
$750 million revolving credit facility (due May 2023) | Maximum | Base Rate                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent) 1.00%                    
$750 million revolving credit facility (due May 2023) | Maximum | Secured Overnight Financing Rate (SOFR) | Variable Rate Component One                      
Debt Instrument [Line Items]                      
Basis spread on variable rate (as a percent) 2.00%