Marriott Vacations Worldwide (VAC) 10-Q 30 Apr 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 27, 2015	Apr. 24, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	27-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	VAC
Entity Registrant Name	MARRIOTT VACATIONS WORLDWIDE Corp
Entity Central Index Key	1524358
Current Fiscal Year End Date	-1
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		31,736,631

Interim_Consolidated_Statement

Interim Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 27, 2015		Mar. 28, 2014
REVENUES
Sale of vacation ownership products	$183,906		$144,850
Resort management and other services	64,417		63,546
Financing	29,052		30,640
Rental	76,199		63,525
Cost reimbursements	101,306		99,386
TOTAL REVENUES	454,880		401,947
EXPENSES
Cost of vacation ownership products	64,962		46,871
Marketing and sales	79,995		71,220
Resort management and other services	42,409		44,896
Financing	4,905		5,104
Rental	60,158		56,790
General and administrative	22,777		21,828
Litigation settlement	-262
Organizational and separation related	192		851
Consumer financing interest	6,021		6,625
Royalty fee	13,000		13,428
Cost reimbursements	101,306		99,386
TOTAL EXPENSES	395,463		366,999
Gains and other income	887		1,233
Interest expense	-2,974		-2,147
Equity in earnings	13		37
Impairment charges on equity investment			-2,000
INCOME BEFORE INCOME TAXES	57,343		32,071
Provision for income taxes	-23,289		-12,763
NET INCOME	$34,054	[1]	$19,308	[2]
Basic earnings per share	$1.05	[1]	$0.55	[2]
Shares used in computing basic earnings per share	32,299	[1]	34,875	[2]
Diluted earnings per share	$1.03	[1]	$0.54	[2]
Shares used in computing diluted earnings per share	33,009	[1]	35,882	[2]
Dividends declared per share of common stock	$0.25
[1]	The computations of diluted earnings per share exclude approximately 203,000 shares of common stock, the maximum number of shares issuable as of March 27, 2015 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.
[2]	The computations of diluted earnings per share exclude approximately 291,000 shares of common stock, the maximum number of shares issuable as of March 28, 2014 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.

Interim_Consolidated_Statement1

Interim Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015		Mar. 28, 2014
Statement of Comprehensive Income [Abstract]
Net income	$34,054	[1]	$19,308	[2]
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	-5,602		6
Total other comprehensive (loss) income, net of tax	-5,602		6
COMPREHENSIVE INCOME	$28,452		$19,314
[1]	The computations of diluted earnings per share exclude approximately 203,000 shares of common stock, the maximum number of shares issuable as of March 27, 2015 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.
[2]	The computations of diluted earnings per share exclude approximately 291,000 shares of common stock, the maximum number of shares issuable as of March 28, 2014 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.

Interim_Consolidated_Balance_S

Interim Consolidated Balance Sheets (USD $)	Mar. 27, 2015	Jan. 02, 2015
In Thousands, unless otherwise specified
ASSETS
Cash and cash equivalents	$272,180	$346,515
Restricted cash (including $29,310 and $34,986 from VIEs, respectively)	62,016	109,907
Accounts and contracts receivable, net (including $4,132 and $4,992 from VIEs, respectively)	114,863	109,700
Vacation ownership notes receivable, net (including $675,411 and $750,680 from VIEs, respectively)	888,193	917,228
Inventory	724,520	772,784
Property and equipment	188,431	147,379
Other	138,666	120,503
Total Assets	2,388,869	2,524,016
LIABILITIES AND EQUITY
Accounts payable	76,569	114,079
Advance deposits	63,439	60,192
Accrued liabilities (including $552 and $1,088 from VIEs, respectively)	171,325	165,969
Deferred revenue	27,018	38,818
Payroll and benefits liability	73,347	93,073
Liability for Marriott Rewards customer loyalty program	84,811	89,285
Deferred compensation liability	44,598	41,677
Mandatorily redeemable preferred stock of consolidated subsidiary, net	38,856	38,816
Debt, net (including $629,220 and $708,031 from VIEs, respectively)	618,946	696,450
Other	59,960	27,071
Deferred taxes	87,494	78,883
Total Liabilities	1,346,363	1,444,313
Contingencies and Commitments (Note 8)
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; 36,333,814 and 36,089,513 shares issued, respectively	363	361
Treasury stock - at cost; 4,602,258 and 3,996,725 shares, respectively	-277,629	-229,229
Additional paid-in capital	1,128,615	1,137,785
Accumulated other comprehensive income	11,452	17,054
Retained earnings	179,705	153,732
Total Equity	1,042,506	1,079,703
Total Liabilities and Equity	$2,388,869	$2,524,016

Interim_Consolidated_Balance_S1

Interim Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 27, 2015	Jan. 02, 2015
In Thousands, except Share data, unless otherwise specified
Restricted cash	$62,016	$109,907
Accounts and contracts receivable	114,863	109,700
Vacation ownership notes receivable	888,193	917,228
Accrued liabilities	171,325	165,969
Debt, net	618,946	696,450
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	36,333,814	36,089,513
Treasury stock, shares	4,602,258	3,996,725
Variable Interest Entity
Restricted cash	29,310	34,986
Accounts and contracts receivable	4,132	4,992
Vacation ownership notes receivable	675,411	750,680
Accrued liabilities	552	1,088
Debt, net	$629,220	$708,031

Interim_Consolidated_Statement2

Interim Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015		Mar. 28, 2014
OPERATING ACTIVITIES
Net income	$34,054	[1]	$19,308	[2]
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	4,065		4,658
Amortization of debt issuance costs	1,267		1,369
Provision for loan losses	8,437		7,470
Share-based compensation	2,643		2,274
Deferred income taxes	8,600		-1,712
Equity method income	-13		-37
Gain on disposal of property and equipment, net	-887		-1,233
Non-cash litigation settlement	-262
Impairment charges on equity investment			2,000
Net change in assets and liabilities:
Accounts and contracts receivable	-4,643		-25,348
Notes receivable originations	-48,946		-44,921
Notes receivable collections	67,518		71,068
Inventory	44,883		19,617
Purchase of operating hotel for future conversion to inventory	-46,614
Other assets	-8,096		2,791
Accounts payable, advance deposits and accrued liabilities	-25,064		-9,483
Deferred revenue	-11,624		-3,449
Payroll and benefit liabilities	-19,583		-16,348
Liability for Marriott Rewards customer loyalty program	-4,474		-7,000
Deferred compensation liability	2,921		700
Other liabilities	27,937		26,849
Other, net	-50		-284
Net cash provided by operating activities	32,069		48,289
INVESTING ACTIVITIES
Capital expenditures for property and equipment (excluding inventory)	-10,562		-1,056
Decrease in restricted cash	47,103		12,555
Dispositions, net	197		21,796
Net cash provided by investing activities	36,738		33,295
FINANCING ACTIVITIES
Repayment of debt related to securitization transactions	-78,811		-80,789
Proceeds from vacation ownership inventory arrangement	5,375
Repurchase of common stock	-51,281		-37,436
Payment of dividends	-8,081
Proceeds from stock option exercises	90		468
Payment of withholding taxes on vesting of restricted stock units	-9,061		-4,142
Other	80
Net cash used in financing activities	-141,689		-121,899
Effect of changes in exchange rates on cash and cash equivalents	-1,453		34
DECREASE IN CASH AND CASH EQUIVALENTS	-74,335		-40,281
CASH AND CASH EQUIVALENTS, beginning of period	346,515		199,511
CASH AND CASH EQUIVALENTS, end of period	272,180		159,230
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING ACTIVITIES
Non-cash impact on Additional paid-in capital for changes in Deferred tax liabilities distributed to Marriott Vacations Worldwide at Spin-Off	-8		-1,450
Non-cash issuance of note receivable	($500)
[1]	The computations of diluted earnings per share exclude approximately 203,000 shares of common stock, the maximum number of shares issuable as of March 27, 2015 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.
[2]	The computations of diluted earnings per share exclude approximately 291,000 shares of common stock, the maximum number of shares issuable as of March 28, 2014 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 27, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Our Business
	Marriott Vacations Worldwide Corporation (“Marriott Vacations Worldwide,” “we” or “us,” which includes our consolidated subsidiaries except where the context of the reference is to a single corporate entity) is the exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. We are also the exclusive worldwide developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand, and we have the non-exclusive right to develop, market and sell whole ownership residential products under The Ritz-Carlton Residences brand. The Ritz-Carlton Hotel Company, L.L.C. (“The Ritz-Carlton Hotel Company”), a subsidiary of Marriott International, Inc. (“Marriott International”), generally provides on-site management for Ritz-Carlton branded properties.
	Our business is grouped into three reportable segments: North America, Europe and Asia Pacific. As of March 27, 2015, we operated 59 properties, including one hotel, in the United States and seven other countries and territories. We generate most of our revenues from four primary sources: selling vacation ownership products; managing our resorts; financing consumer purchases; and renting vacation ownership inventory.
	Our Spin-Off from Marriott International, Inc.
	On November 21, 2011, the spin-off of Marriott Vacations Worldwide from Marriott International (the “Spin-Off”) was completed. In connection with the Spin-Off, we entered into several agreements that govern the ongoing relationship between Marriott Vacations Worldwide and Marriott International.
	Principles of Consolidation and Basis of Presentation
	The interim consolidated financial statements presented herein and discussed below include 100 percent of the assets, liabilities, revenues, expenses and cash flows of Marriott Vacations Worldwide, all entities in which Marriott Vacations Worldwide has a controlling voting interest (“subsidiaries”), and those variable interest entities for which Marriott Vacations Worldwide is the primary beneficiary in accordance with consolidation accounting guidance. Intercompany accounts and transactions between consolidated companies have been eliminated in consolidation. The interim consolidated financial statements reflect our financial position, results of operations and cash flows as prepared in conformity with United States Generally Accepted Accounting Principles (“GAAP”).
	In order to make this report easier to read, we refer throughout to (i) our Interim Consolidated Financial Statements as our “Financial Statements,” (ii) our Interim Consolidated Statements of Income as our “Statements of Income,” (iii) our Interim Consolidated Balance Sheets as our “Balance Sheets,” and (iv) our Interim Consolidated Statements of Cash Flows as our “Cash Flows.” In addition, references throughout to numbered “Footnotes” refer to the numbered Notes in these Notes to Interim Consolidated Financial Statements, unless otherwise noted.
	Unless otherwise specified, each reference to a particular quarter in these Financial Statements means the twelve weeks ended on the date shown in the following table, rather than the corresponding calendar quarter:
	Fiscal Year	Quarter-End  Date
	2015 First Quarter	March 27, 2015
	2014 First Quarter	March 28, 2014
	In our opinion, our Financial Statements reflect all normal and recurring adjustments necessary to present fairly our financial position and the results of our operations and cash flows for the periods presented. Interim results may not be indicative of fiscal year performance because of, among other reasons, seasonal and short-term variations.
	These Financial Statements have not been audited. Amounts as of January 2, 2015 included in these Financial Statements have been derived from the audited consolidated financial statements as of that date. We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with GAAP. Although we believe our footnote disclosures are adequate to make the information presented not misleading, you should read these Financial Statements in conjunction with the consolidated financial statements and notes to those consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 2, 2015.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes. Such estimates include, but are not limited to, revenue recognition, cost of vacation ownership products, inventory valuation, property and equipment valuation, loan loss reserves, Marriott Rewards customer loyalty program liability, self-insured medical plan reserves, equity-based compensation, income taxes, loss contingencies and exit and disposal activities reserves. Accordingly, actual amounts may differ from these estimated amounts.
	We have reclassified certain prior year amounts to conform to our current period presentation.
	New Accounting Standards
	Accounting Standards Update No. 2015-02 – “Consolidation (Topic 810): Amendments to the Consolidation Analysis” (“ASU 2015-02”)
	In February 2015, the Financial Accounting Standards Board (“FASB”) issued ASU 2015-02, which amends the guidance for evaluating whether to consolidate certain legal entities. Specifically, ASU 2015-02 modifies the method for determining whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities. Further, it eliminates the presumption that a general partner should consolidate a limited partnership and impacts the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. The updated guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted. Our early adoption of ASU 2015-02 in the first quarter of 2015 did not have a material impact on our Financial Statements.
	Accounting Standards Update No. 2015-03 – “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”)
	In April 2015, the FASB issued ASU 2015-03, which requires debt issuance costs related to a debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability instead of being presented as an asset. The recognition and measurement guidance for debt issuance costs has not changed. ASU 2015-03 requires retrospective application and represents a change in accounting principle. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted for financial statements that have not been previously issued. Our early adoption of ASU 2015-03 in the first quarter of 2015 did not have a material impact on our Financial Statements. See Footnote No. 9, “Debt,” for additional information on our debt issuance costs.
	Future Adoption of Accounting Standards
	Accounting Standards Update No. 2014-09 – “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”)
	In May 2014, the FASB issued ASU 2014-09. ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, as well as most industry-specific guidance, and significantly enhances comparability of revenue recognition practices across entities and industries by providing a principles-based, comprehensive framework for addressing revenue recognition issues. In order for a provider of promised goods or services to recognize as revenue the consideration that it expects to receive in exchange for the promised goods or services, the provider should apply the following five steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. As currently written, ASU 2014-09 will be effective for financial statements issued for the first interim period within annual periods beginning after December 15, 2016, and does not permit early adoption. However, on April 29, 2015, the FASB published an exposure draft proposing to extend the effective date to the first interim period within annual periods beginning after December 15, 2017. We continue to evaluate the impact that this guidance, including the method of implementation, will have on our financial statements and disclosures.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 27, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	2. INCOME TAXES
	We file U.S. consolidated federal and state tax returns, as well as consolidated and separate tax filings for non-U.S. jurisdictions. Our total unrecognized tax benefit balance that, if recognized, would impact our effective tax rate was $1.4 million and $1.3 million at March 27, 2015 and January 2, 2015, respectively.
	We have joined in the Marriott International U.S. federal tax consolidated filing for periods up to the date of the Spin-Off. The U.S. Internal Revenue Service (the “IRS”) has examined Marriott International’s federal income tax returns, and it has settled all issues related to the timeshare business for the tax years through the Spin-Off. Our tax years subsequent to the Spin-Off are subject to examination by relevant tax authorities, and our 2011 and 2012 returns are currently being audited by the IRS and authorities in other foreign jurisdictions. Although we do not anticipate that a significant impact to our unrecognized tax benefit balance will occur during the next fiscal year, the amount of our liability for unrecognized tax benefits could change as a result of these audits. Pursuant to a Tax Sharing and Indemnification Agreement with Marriott International effective November 21, 2011, as subsequently amended, Marriott International is liable and shall pay the relevant tax authority for all taxes related to our taxable income prior to the Spin-Off.

VACATION_OWNERSHIP_NOTES_RECEI

VACATION OWNERSHIP NOTES RECEIVABLE	3 Months Ended
	Mar. 27, 2015
Receivables [Abstract]
VACATION OWNERSHIP NOTES RECEIVABLE	3. VACATION OWNERSHIP NOTES RECEIVABLE
	The following table shows the composition of our vacation ownership notes receivable balances, net of reserves:
	($ in thousands)		March 27, 2015		January 2, 2015
	Vacation ownership notes receivable — securitized		$	675,411	$	750,680
	Vacation ownership notes receivable — non-securitized
	Eligible for securitization (1)			88,521		24,194
	Not eligible for securitization (1)			124,261		142,354
	Subtotal			212,782		166,548
	Total vacation ownership notes receivable		$	888,193	$	917,228
		(1)	Refer to Footnote No. 4, “Financial Instruments,” for discussion of eligibility of our vacation ownership notes receivable.
	The following tables show future principal payments, net of reserves, as well as interest rates for our securitized and non-securitized vacation ownership notes receivable at March 27, 2015:
	($ in thousands)		Non-Securitized		Securitized		Total
			Vacation Ownership		Vacation Ownership
			Notes Receivable		Notes Receivable
	2015		$	45,822	$	75,502	$	121,324
	2016			36,102		97,914		134,016
	2017			27,040		94,708		121,748
	2018			17,707		83,687		101,394
	2019			14,920		73,037		87,957
	Thereafter			71,191		250,563		321,754
	Balance at March 27, 2015		$	212,782	$	675,411	$	888,193
	Weighted average stated interest rate			11.80%		12.80%		12.50%
	Range of stated interest rates			0.0% to 19.5%		4.9% to 19.5%		0.0% to 19.5%
	We reflect interest income associated with vacation ownership notes receivable on our Statements of Income in the Financing revenues caption. The following table summarizes interest income associated with vacation ownership notes receivable:
			Twelve Weeks Ended
	($ in thousands)		March 27, 2015		March 28, 2014
	Interest income associated with vacation ownership notes receivable — securitized		$	22,074	$	21,591
	Interest income associated with vacation ownership notes receivable — non-securitized			5,493		7,541
	Total interest income associated with vacation ownership notes receivable		$	27,567	$	29,132
	We record an estimate of expected uncollectibility on all notes receivable from vacation ownership purchasers as a reduction of revenues from the sale of vacation ownership products at the time we recognize profit on a vacation ownership product sale. We fully reserve for all defaulted vacation ownership notes receivable in addition to recording a reserve on the estimated uncollectible portion of the remaining vacation ownership notes receivable. For those vacation ownership notes receivable that are not in default, we assess collectibility based on pools of vacation ownership notes receivable because we hold large numbers of homogeneous vacation ownership notes receivable. We use the same criteria to estimate uncollectibility for non-securitized vacation ownership notes receivable and securitized vacation ownership notes receivable because they perform similarly. We estimate uncollectibility for each pool based on historical activity for similar vacation ownership notes receivable.
	The following table summarizes the activity related to our vacation ownership notes receivable reserve for the twelve weeks ended March 27, 2015:
	($ in thousands)		Non-Securitized		Securitized		Total
			Vacation Ownership		Vacation Ownership
			Notes Receivable		Notes Receivable
			Reserve		Reserve
	Balance at January 2, 2015		$	64,752	$	53,666	$	118,418
	Provision for loan losses			3,379		4,815		8,194
	Clean-up calls (1)			1,316		(1,316)		—
	Write-offs			(11,721)		—		(11,721)
	Defaulted vacation ownership notes receivable repurchase activity (2)			6,031		(6,031)		—
	Balance at March 27, 2015		$	63,757	$	51,134	$	114,891
		(1)	Refers to our voluntary repurchase of previously securitized non-defaulted vacation ownership notes receivable to retire outstanding vacation ownership notes receivable securitizations.
		(2)	Decrease in securitized vacation ownership notes receivable reserve and increase in non-securitized vacation ownership notes receivable reserve was attributable to the transfer of the reserve when we voluntarily repurchased the securitized vacation ownership notes receivable.
	Although we consider loans to owners to be past due if we do not receive payment within 30 days of the due date, we suspend accrual of interest only on those loans that are over 90 days past due. We consider loans over 150 days past due to be in default. We apply payments we receive for vacation ownership notes receivable on non-accrual status first to interest, then to principal and any remainder to fees. We resume accruing interest when vacation ownership notes receivable are less than 90 days past due. We do not accept payments for vacation ownership notes receivable during the foreclosure process unless the amount is sufficient to pay all past due principal, interest, fees and penalties owed and fully reinstate the note. We write off uncollectible vacation ownership notes receivable against the reserve once we receive title of the vacation ownership products through the foreclosure or deed-in-lieu process or, in Europe or Asia Pacific, when revocation is complete. For both non-securitized and securitized vacation ownership notes receivable, we estimated average remaining default rates of 6.84 percent and 6.95 percent as of March 27, 2015 and January 2, 2015, respectively. A 0.5 percentage point increase in the estimated default rate would have resulted in an increase in our allowance for loan losses of $4.6 million as of March 27, 2015 and $4.7 million as of January 2, 2015.
	The following table shows our recorded investment in non-accrual vacation ownership notes receivable, which are vacation ownership notes receivable that are 90 days or more past due:
	($ in thousands)		Non-Securitized		Securitized		Total
			Vacation Ownership		Vacation Ownership
			Notes Receivable		Notes Receivable
	Investment in vacation ownership notes receivable on non-accrual status at March 27, 2015		$	53,672	$	10,914	$	64,586
	Investment in vacation ownership notes receivable on non-accrual status at January 2, 2015		$	60,275	$	7,172	$	67,447
	Average investment in vacation ownership notes receivable on non-accrual status during the twelve weeks ended March 27, 2015		$	56,974	$	9,043	$	66,017
	Average investment in vacation ownership notes receivable on non-accrual status during the twelve weeks ended March 28, 2014		$	67,679	$	9,027	$	76,706
	The following table shows the aging of the recorded investment in principal, before reserves, in vacation ownership notes receivable as of March 27, 2015:
	($ in thousands)		Non-Securitized		Securitized		Total
			Vacation Ownership		Vacation Ownership
			Notes Receivable		Notes Receivable
	31 – 90 days past due		$	8,758	$	17,087	$	25,845
	91 – 150 days past due			4,954		8,187		13,141
	Greater than 150 days past due			48,718		2,727		51,445
	Total past due			62,430		28,001		90,431
	Current			214,109		698,544		912,653
	Total vacation ownership notes receivable		$	276,539	$	726,545	$	1,003,084
	The following table shows the aging of the recorded investment in principal, before reserves, in vacation ownership notes receivable as of January 2, 2015:
	($ in thousands)		Non-Securitized		Securitized		Total
Vacation Ownership			Vacation Ownership
Notes Receivable			Notes Receivable
31 – 90 days past due		$	8,330	$	22,544	$	30,874
91 – 150 days past due			6,101		7,003		13,104
Greater than 150 days past due			54,174		169		54,343
Total past due			68,605		29,716		98,321
Current			162,695		774,630		937,325
Total vacation ownership notes receivable		$	231,300	$	804,346	$	1,035,646

FINANCIAL_INSTRUMENTS

FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 27, 2015
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS	4. FINANCIAL INSTRUMENTS
	The following table shows the carrying values and the estimated fair values of financial assets and liabilities that qualify as financial instruments, determined in accordance with the authoritative guidance for disclosures regarding the fair value of financial instruments. Considerable judgment is required in interpreting market data to develop estimates of fair value. The use of different market assumptions and/or estimation methodologies could have a material effect on the estimated fair value amounts. The table excludes Cash and cash equivalents, Restricted cash, Accounts and contracts receivable, Accounts payable and Accrued liabilities, all of which had fair values approximating their carrying amounts due to the short maturities and liquidity of these instruments.
			At March 27, 2015				At January 2, 2015
	($ in thousands)		Carrying		Fair		Carrying		Fair
			Amount		Value(1)		Amount		Value(1)
	Vacation ownership notes receivable
	Securitized		$	675,411	$	820,901	$	750,680	$	909,391
	Non-securitized			212,782		235,286		166,548		172,103
	Total financial assets		$	888,193	$	1,056,187	$	917,228	$	1,081,494
	Non-recourse debt associated with vacation ownership notes receivable securitizations, gross		$	-629,220	$	-635,042	$	-708,031	$	-712,977
	Other debt, gross			-3,386		-3,386		-3,306		-3,306
	Mandatorily redeemable preferred stock of consolidated subsidiary, gross			-40,000		-43,624		-40,000		-43,837
	Liability for Marriott Rewards customer loyalty program			-84,811		-74,434		-89,285		-80,448
	Other liabilities			-4,141		-4,141		-4,118		-4,118
	Total financial liabilities		$	-761,558	$	-760,627	$	-844,740	$	-844,686
		(1)	Fair value of financial instruments has been determined using Level 3 inputs.
	Vacation Ownership Notes Receivable
	We estimate the fair value of our securitized vacation ownership notes receivable using a discounted cash flow model. We believe this is comparable to the model that an independent third party would use in the current market. Our model uses default rates, prepayment rates, coupon rates and loan terms for our securitized vacation ownership notes receivable portfolio as key drivers of risk and relative value, that when applied in combination with pricing parameters, determine the fair value of the underlying vacation ownership notes receivable.
	Due to factors that impact the general marketability of our non-securitized vacation ownership notes receivable, as well as current market conditions, we bifurcate our vacation ownership notes receivable at each balance sheet date into those eligible and not eligible for securitization using criteria applicable to current securitization transactions in the asset-backed securities (“ABS”) market. Generally, vacation ownership notes receivable are considered not eligible for securitization if any of the following attributes are present: (1) payments are greater than 30 days past due; (2) the first payment has not been received; or (3) the collateral is located in Europe or Asia. In some cases eligibility may also be determined based on the credit score of the borrower, the remaining term of the loans and other similar factors that may reflect investor demand in a securitization transaction or the cost to effectively securitize the vacation ownership notes receivable. The following table shows the bifurcation of our non-securitized vacation ownership notes receivable into those eligible and not eligible for securitization based upon the aforementioned eligibility criteria:
			At March 27, 2015				At January 2, 2015
	($ in thousands)		Carrying		Fair		Carrying		Fair
			Amount		Value		Amount		Value
	Vacation ownership notes receivable
	Eligible for securitization		$	88,521	$	111,025	$	24,194	$	29,749
	Not eligible for securitization			124,261		124,261		142,354		142,354
	Total non-securitized		$	212,782	$	235,286	$	166,548	$	172,103
	We estimate the fair value of the portion of our non-securitized vacation ownership notes receivable that we believe will ultimately be securitized in the same manner as securitized vacation ownership notes receivable. We value the remaining non-securitized vacation ownership notes receivable at their carrying value, rather than using our pricing model. We believe that the carrying value of these particular vacation ownership notes receivable approximates fair value because the stated interest rates of these loans are consistent with current market rates and the reserve for these vacation ownership notes receivable appropriately accounts for risks in default rates, prepayment rates and loan terms.
	Non-Recourse Debt Associated with Securitized Vacation Ownership Notes Receivable
	We generate cash flow estimates by modeling all bond tranches for our active vacation ownership notes receivable securitization transactions, with consideration for the collateral specific to each tranche. The key drivers in our analysis include default rates, prepayment rates, bond interest rates and other structural factors, which we use to estimate the projected cash flows. In order to estimate market credit spreads by rating, we obtain indicative credit spreads from investment banks that actively issue and facilitate the market for vacation ownership securities and determine an average credit spread by rating level of the different tranches. We then apply those estimated market spreads to swap rates in order to estimate an underlying discount rate for calculating the fair value of the active bonds payable.
	Mandatorily Redeemable Preferred Stock of Consolidated Subsidiary
	We estimate the fair value of the mandatorily redeemable preferred stock of our consolidated subsidiary using a discounted cash flow model. We believe this is comparable to the model that an independent third party would use in the current market. Our model includes an assessment of our subsidiary’s credit risk and the instrument’s contractual dividend rate.
	Liability for Marriott Rewards Customer Loyalty Program
	We determine the carrying value of the future redemption obligation of our liability for the Marriott Rewards customer loyalty program based on statistical formulas that project the timing of future redemption of Marriott Rewards Points based on historical levels, including estimates of the number of Marriott Rewards Points that will eventually be redeemed and the “breakage” for points that will never be redeemed. We estimate the fair value of the future redemption obligation by adjusting the contractual discount rate to an estimate of that of a market participant with similar nonperformance risk.
	Other Liabilities
	We estimate the fair value of our other liabilities that are financial instruments using expected future payments discounted at risk-adjusted rates. These liabilities represent guarantee costs and reserves and other structured payments. The carrying values of our financial instruments within Other liabilities approximate their fair values.

ACQUISITIONS_AND_DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	3 Months Ended
	Mar. 27, 2015
Text Block [Abstract]
ACQUISITIONS AND DISPOSITIONS	5. ACQUISITIONS AND DISPOSITIONS
	Marco Island, Florida
	During the first quarter of 2015, we sold real property located in Marco Island, Florida, consisting of $3.1 million of vacation ownership inventory, to a third party developer. We received consideration consisting of $5.4 million of cash and a note receivable of $0.5 million. We did not recognize any gain or loss on this transaction.
	In accordance with our agreement with the third party developer, we are obligated to repurchase the completed property from the developer contingent upon the property meeting our brand standards, provided that the third party developer has not sold the property to another party. In accordance with the authoritative guidance on accounting for sales of real estate, our conditional obligation to repurchase the property constitutes continuing involvement and thus we were unable to account for this transaction as a sale. The property was sold to a variable interest entity for which we are not the primary beneficiary as we do not control the variable interest entity’s development activities and cannot prevent the variable interest entity from selling the property to another party. Accordingly, we have not consolidated the variable interest entity.
	As of March 27, 2015, our Balance Sheet reflects $6.2 million of Other liabilities that relate to the deferral of recognition of revenue on this transaction, which will reduce our basis in the asset if we repurchase the property. In addition, the note receivable of $0.5 million and other receivables of $0.2 million are included in the Accounts and contracts receivable line on the Balance Sheet as of March 27, 2015. The cash consideration received for the sale of the real property is included in Proceeds from vacation ownership inventory arrangements on the Cash Flow for the twelve weeks ended March 27, 2015. We believe that our maximum exposure to loss as a result of our involvement with this variable interest entity is our interest in the note receivable and the other receivables discussed above as of March 27, 2015.
	San Diego, California
	During the first quarter of 2015, we completed the acquisition of an operating hotel located in San Diego, California, for $55.0 million. The acquisition was treated as a business combination and accounted for using the acquisition method of accounting. As consideration for the acquisition, we paid $55.0 million in cash, which was allocated based on the estimated fair value at the date of acquisition as follows: $54.3 million to property and equipment and $0.7 million to other assets. Fair value was calculated using an independent appraisal, which was primarily based on a discounted cash flow model, a level 3 fair value input. We intend to convert this hotel into vacation ownership interests for future use in our North America points-based program, Marriott Vacation Club Destinations ™ (“MVCD”) in the near term. In order to ensure consistency with the expected related future cash flow presentation, $46.6 million of the cash purchase price allocated to property and equipment was included as an operating activity in the Purchase of operating hotel for future conversion to inventory line on the Cash Flow for the twelve weeks ended March 27, 2015. The remaining $7.7 million was included as an investing activity in the Capital expenditures for property and equipment line on the Cash Flow for the twelve weeks ended March 27, 2015, as it was allocated to assets to be used prior to conversion of the hotel to vacation ownership interests, as well as ancillary and sales center assets to be retained after the conversion.
	Orlando, Florida
	During the first quarter of 2014, we disposed of a golf course and adjacent undeveloped land in Orlando, Florida for $24.0 million in gross cash proceeds. As a condition of the sale, we continued to operate the golf course through the end of the first quarter of 2015 at our own risk. We utilized the performance of services method to record a gain of $3.1 million over the period during which we operated the golf course, of which $0.9 million and $1.2 million is included in the Gains and other income line on the Statements of Income for the twelve weeks ended March 27, 2015 and March 28, 2014, respectively.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 27, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	6. EARNINGS PER SHARE
	Basic earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted average number of shares of common stock outstanding during the reporting period. Treasury stock is excluded from the weighted average number of shares of common stock outstanding. Diluted earnings per common share is calculated to give effect to all potentially dilutive common shares that were outstanding during the reporting period. The dilutive effect of outstanding equity-based compensation awards is reflected in diluted earnings per common share by application of the treasury stock method using average market prices during the period. The table below illustrates the reconciliation of the earnings and number of shares used in our calculation of basic and diluted earnings per share.
			Twelve Weeks Ended
	(in thousands, except per share amounts)		March 27,		March 28,
			2015(1)		2014(2)
	Computation of Basic Earnings Per Share
	Net income		$	34,054	$	19,308
	Weighted average shares outstanding			32,299		34,875
	Basic earnings per share		$	1.05	$	0.55
	Computation of Diluted Earnings Per Share
	Net income		$	34,054	$	19,308
	Weighted average shares outstanding			32,299		34,875
	Effect of dilutive securities
	Employee stock options and SARs			473		586
	Restricted stock units			237		421
	Shares for diluted earnings per share			33,009		35,882
	Diluted earnings per share		$	1.03	$	0.54
		-1	The computations of diluted earnings per share exclude approximately 203,000 shares of common stock, the maximum number of shares issuable as of March 27, 2015 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.
		(2)	The computations of diluted earnings per share exclude approximately 291,000 shares of common stock, the maximum number of shares issuable as of March 28, 2014 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.
	In accordance with the applicable accounting guidance for calculating earnings per share, for the twelve weeks ended March 27, 2015, we excluded 62,018 shares underlying stock appreciation rights (“SARs”) that may be settled in shares of common stock, with an exercise price of $77.42, from our calculation of diluted earnings per share because this exercise price was greater than the average market price for the applicable period. In addition, for the twelve weeks ended March 28, 2014, we excluded 57,906 shares underlying SARs that may be settled in shares of common stock, with an exercise price of $52.09, from our calculation of diluted earnings per share because this exercise price was greater than the average market price for the applicable period.

INVENTORY

INVENTORY	3 Months Ended
	Mar. 27, 2015
Inventory Disclosure [Abstract]
INVENTORY	7. INVENTORY
	The following table shows the composition of our inventory balances:
	($ in thousands)		At March 27, 2015		At January 2, 2015
	Finished goods(1)		$	361,237	$	413,066
	Land and infrastructure(2)			358,742		355,198
	Real estate inventory			719,979		768,264
	Operating supplies and retail inventory			4,541		4,520
			$	724,520	$	772,784
		(1)	Represents completed inventory that is either registered for sale as vacation ownership interests, or unregistered and available for sale in its current form.
		(2)	Includes $47.5 million of sales centers that are expected to be converted into vacation ownership products to be sold in the future and $83.0 million of inventory related to estimated future foreclosures at March 27, 2015.
	We value vacation ownership and residential products at the lower of cost or fair market value less costs to sell, in accordance with applicable accounting guidance, and we record operating supplies at the lower of cost (using the first-in, first-out method) or market value.

CONTINGENCIES_AND_COMMITMENTS

CONTINGENCIES AND COMMITMENTS	3 Months Ended
	Mar. 27, 2015
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES AND COMMITMENTS	8. CONTINGENCIES AND COMMITMENTS
	Guarantees
	We have historically issued guarantees to certain lenders in connection with the provision of third-party financing for our sale of vacation ownership products for the North America and Asia Pacific segments. The terms of these guarantees generally require us to fund if the purchaser fails to pay under the term of its note payable. Prior to the Spin-Off, Marriott International guaranteed our performance under these arrangements, and following the Spin-Off continues to hold a standby letter of credit related to the Asia Pacific segment guarantee. If Marriott International is required to fund any draws by lenders under this letter of credit it would seek recourse from us. Marriott International no longer guarantees our performance with respect to third-party financing for sales of products in the North America segment. We are entitled to recover any funding to third-party lenders related to these guarantees through reacquisition and resale of the financed vacation ownership product. Our commitments under these guarantees expire as notes mature or are repaid. The terms of the underlying notes extend to 2022.
	The following table shows the maximum potential amount of future fundings for financing guarantees where we are the primary obligor and the carrying amount of the liability for expected future fundings, which is included on our Balance Sheet in the Other caption within Liabilities.
	($ in thousands)		Maximum Potential		Liability for Expected
			Amount of Future Fundings		Future Fundings
			At March 27,  2015		At March 27, 2015
	Segment
	Asia Pacific		$	7,453	$	56
	North America			2,846		210
	Total guarantees where we are the primary obligor		$	10,299	$	266
	Commitments and Letters of Credit
	In addition to the guarantees we describe in the preceding paragraphs, as of March 27, 2015, we had the following commitments outstanding:
		•		We have various contracts for the use of information technology hardware and software that we use in the normal course of business. Our aggregate commitments under these contracts were $32.6 million, of which we expect $10.5 million, $8.1 million, $6.0 million, $2.5 million, $1.4 million and $4.1 million will be paid in 2015, 2016, 2017, 2018, 2019 and thereafter, respectively.
		•		We have commitments to subsidize vacation ownership associations of $4.0 million, which we expect to pay in 2015.
		•		We have a commitment of $75.5 million to purchase vacation ownership units located in Miami, Florida, contingent upon completion of construction and receipt of a certificate of occupancy, for use in our MVCD program. We made a deposit of $3.8 million in connection with this commitment in 2014, and we are committed to make an additional deposit of $3.8 million upon the seller’s receipt of a temporary certificate of occupancy and the remaining payment of $67.9 million upon acquisition of the units in 2015. We are currently evaluating the use of a capital efficient arrangement to delay the timing of this capital investment.
		•		We have a commitment of $38.5 million to purchase vacation ownership units located on the Big Island of Hawaii, for use in our MVCD program, contingent upon the seller subjecting the units to a condominium regime prior to our purchase. We made a deposit of $1.5 million in connection with this commitment in 2014, and we are committed to make the remaining payment of $37.0 million in 2015. Upon acquisition, we are committed to renovate the units pursuant to a property improvement plan to be agreed upon at a later date, for which an additional $45.0 million to $55.0 million is required to be funded. We are currently evaluating the use of a capital efficient arrangement to delay the timing of this capital investment.
		•		We have a commitment of $137.1 million to purchase vacation ownership units located in Marco Island, Florida, of which we expect $33.3 million, $50.0 million and $53.8 million will be paid in 2017, 2018 and 2019, respectively. See Footnote No. 5, “Acquisitions and Dispositions,” for additional information on this transaction.
	Surety bonds issued as of March 27, 2015 totaled $73.8 million, the majority of which were requested by federal, state or local governments related to our operations.
	Additionally, as of March 27, 2015, we had $3.3 million of letters of credit outstanding under our $200 million revolving credit facility (the “Revolving Corporate Credit Facility”).
	Loss Contingencies
	In December 2012, Jon Benner, an owner of fractional interests at The Ritz-Carlton Club and Residences, San Francisco (the “RCC San Francisco”), filed suit in Superior Court for the State of California, County of San Francisco, against us and certain of our subsidiaries on behalf of a putative class consisting of all owners of fractional interests at the RCC San Francisco who allegedly did not receive proper notice of their payment obligations under California’s Mello-Roos Community Facilities Act of 1982 (the “Mello-Roos Act”). The plaintiff alleged that the disclosures made about bonds issued for the project under this Act and the payment obligations of fractional interest purchasers with respect to such bonds were inadequate, and this and other alleged statutory violations constituted intentional and negligent misrepresentation, fraud and fraudulent concealment. The relief sought included damages in an unspecified amount, rescission of the purchases, restitution and disgorgement of profits. In September 2014, we reached an agreement in principle to settle the Benner action, which agreement was subject to court approval because the case is a putative class action. The court approved the settlement on March 31, 2015. At March 27, 2015, we have an accrual of $2.9 million related to the settlement.
	In December 2012, Steven B. Hoyt and Bradley A. Hoyt, purchasers of fractional interests in two of The Ritz-Carlton Destination Club projects, filed suit in the United States District Court for the District of Minnesota against us, certain of our subsidiaries and The Ritz-Carlton Hotel Company on behalf of a putative class consisting of all purchasers of fractional interests at The Ritz-Carlton Destination Club projects. The plaintiffs alleged that program changes beginning in 2009 caused an actionable decrease in the value of the fractional interests purchased. The relief sought included declaratory and injunctive relief, damages in an unspecified amount, rescission of the purchases, restitution, disgorgement of profits, interest and attorneys’ fees. In response to our motion to dismiss the original complaint, plaintiffs filed an amended complaint. In response, we filed a renewed motion to dismiss. On February 7, 2014, the court issued an order granting that motion in part and denying it in part. In November 2014, the court granted our motion for partial judgment on the pleadings clarifying the scope of the single remaining claim in the case. We have reached an agreement in principle to settle the case for a nominal amount.
	In January 2013, Krishna and Sherrie Narayan and other owners of 12 residential units at the resort formerly known as The Ritz-Carlton Residences, Kapalua Bay (“Kapalua Bay”) were granted leave by the court to file, and subsequently did file, an amended complaint related to a suit originally filed in Circuit Court for Maui County, Hawaii in June 2012 against us, certain of our subsidiaries, Marriott International, certain of its subsidiaries, and the joint venture in which we have an equity investment that developed and marketed vacation ownership and residential products at Kapalua Bay (the “Joint Venture”). In the original complaint, the plaintiffs alleged that defendants mismanaged funds of the residential owners association (the “Kapalua Bay Association”), created a conflict of interest by permitting their employees to serve on the Kapalua Bay Association’s board, and failed to disclose documents to which the plaintiffs were allegedly entitled. The amended complaint alleges breach of fiduciary duty, violations of the Hawaii Unfair and Deceptive Trade Practices Act and the Hawaii condominium statute, intentional misrepresentation and concealment, unjust enrichment and civil conspiracy. The relief sought in the amended complaint includes injunctive relief, repayment of all sums paid to us and our subsidiaries and Marriott International and its subsidiaries, compensatory and punitive damages, and treble damages under the Hawaii Unfair and Deceptive Trade Practices Act. We dispute the material allegations in the amended complaint and continue to defend against this action vigorously. In August 2013, the Hawaii Intermediate Court of Appeals reversed the Maui Circuit Court’s denial of our motion to compel arbitration of the claims asserted by plaintiffs. The Circuit Court subsequently granted our renewed motion to compel arbitration and referred the matter to arbitration. The Hawaii Supreme Court thereafter agreed to review the decision of the Intermediate Court of Appeals and heard oral argument in the case in April 2014, but has not yet taken any action to affirm or reverse that decision. Additionally, in 2014, owners of two residential units agreed to release their claims in this action. Given the inherent uncertainties of litigation, we cannot estimate a range of the potential liability, if any, at this time.
	In June 2013, Earl C. and Patricia A. Charles, owners of a fractional interest at Kapalua Bay, together with owners of 38 other fractional interests at Kapalua Bay, filed an amended complaint in the Circuit Court of the Second Circuit for the State of Hawaii against us, certain of our subsidiaries, Marriott International, certain of its subsidiaries, the Joint Venture, and other entities that have equity investments in the Joint Venture. The amended complaint supersedes a prior complaint that was not served on any defendant. The plaintiffs allege that the defendants failed to disclose the financial condition of the Joint Venture and the commitment of the defendants to the Joint Venture, and that defendants’ actions constituted fraud and violated the Hawaii Unfair and Deceptive Trade Practices Act, the Hawaii Condominium Property Act and the Hawaii Time Sharing Plans statute. The relief sought includes compensatory and punitive damages, attorneys’ fees, pre-judgment interest, declaratory relief, rescission and treble damages under the Hawaii Unfair and Deceptive Trade Practices Act. The complaint was subsequently further amended to add owners of two additional fractional interests as plaintiffs. The Circuit Court granted our motion to compel arbitration of the claims asserted by the plaintiffs, and the parties are currently engaged in arbitration. We dispute the material allegations in the amended complaint and in the statement of claim filed in the arbitration, and intend to defend against this action vigorously. Given the early stages of the action and the inherent uncertainties of litigation and arbitration, we cannot estimate a range of the potential liability, if any, at this time. Additionally, owners of two fractional interests have since agreed to release their claims in this action, and the owners of another fractional interest, who are not parties to the Charles action, have agreed to release similar claims, in each instance for nominal sums.
	In June 2013, owners of 35 residences and lots at The Abaco Club on Winding Bay (“The Abaco Club”) in the Bahamas filed a complaint in Orange County, Florida Circuit Court against us, one of our subsidiaries, certain subsidiaries of Marriott International and the resort’s owners’ association, alleging that the defendants failed to maintain the golf course, golf clubhouse, roads, water supply system, and other facilities and equipment in a manner commensurate with a five-star luxury resort, and certain deficiencies in the quality of services provided at the resort. The plaintiffs also alleged that the defendants failed to honor an obligation to extend a right of first offer to club owners in connection with plans to sell the club property. The plaintiffs alleged statutory and common law claims for breach of contract, breach of fiduciary duty, and fraud and sought compensatory and punitive damages. We filed a motion to dismiss the complaint. In April 2014, this action was abated for a period after we entered into a non-binding letter of intent to dispose of undeveloped and partially developed land, an operating golf course, spa and clubhouse and related facilities at The Abaco Club to an entity to be comprised of certain members of The Abaco Club, including certain of the plaintiffs, and others. Upon the closing of the sale in December 2014, all claims asserted against us in this matter were dismissed with prejudice.
	In May 2014, we received notices of intent to initiate litigation or arbitration from: Michael and Marla Flynn, owners of weeks-based Marriott Vacation Club vacation ownership products at two of our resorts in Hawaii; William Sterman, an owner of such products at one of our resorts in Massachusetts; and Norman and Carreen Abramson, owners of such products at one of our resorts in California. The claimants, all of whom are represented by a single law firm, allege that the introduction of the MVCD program caused an actionable decrease in the value of their vacation ownership interests. The claimants stated that, if a satisfactory resolution of their concerns could not be achieved, they would pursue their claims through litigation or arbitration, each on behalf of a putative class consisting of themselves and all others similarly situated. The notices indicated that the relief that would be sought would include compensatory and exemplary damages, restitution, injunctive relief, interest and attorneys’ fees pursuant to applicable timeshare and unfair trade practices acts and common-law theories of breach of contract and breach of an implied covenant of good faith and fair dealing. The Flynns filed a claim based on the above allegations with the American Arbitration Association on August 6, 2014. We initiated a declaratory judgment action in the United States District Court of Hawaii against the Flynns, seeking to enjoin the arbitration proceedings. In December 2014, the Court ruled that the arbitrability of the Flynns’ claims must be resolved by an arbitrator. We appealed that decision to the United States Court of Appeals for the Ninth Circuit. The Court granted our motion to expedite the appeal. On March 30, 2015, the arbitrator ruled that the Flynns’ claims are not subject to arbitration, and dismissed the Flynn proceeding. As a result of the arbitrator’s ruling that the Flynns’ claims are not subject to arbitration, we dismissed as moot our appeal in the Ninth Circuit. Mr. Sterman filed a claim based on the above allegations with the American Arbitration Association in August 2014. We initiated a declaratory judgment action in the United States District Court for the Middle District of Florida against Mr. Sterman, seeking to enjoin the arbitration proceedings. On January 16, 2015, the Court ruled that the arbitrability of Mr. Sterman’s claims must be resolved by an arbitrator. We appealed that decision to the United States Court of Appeals for the Eleventh Circuit. The Court granted our motion to expedite the appeal, which remains pending. On March 30, 2015, the arbitrator ruled that Mr. Sterman’s claims were subject to arbitration, but reserved judgment on our motion to dismiss the arbitration for other reasons. On January 29, 2015, the Abramsons filed an action in the United States District Court for the Central District of California based on the above allegations. On March 30, 2015, we filed a motion to dismiss the Abramson action, which remains pending. We dispute the material allegations in the arbitration claim, as well as the allegations in the California action, and intend to defend against them vigorously. Given the early stages of the arbitration and litigation proceedings, we cannot estimate a range of potential liability, if any, at this time.
	Other
	We estimate the cash outflow associated with completing the phases of our existing portfolio of vacation ownership projects currently under development will be approximately $16.1 million, of which $4.4 million is included within liabilities on our Balance Sheet at March 27, 2015. This estimate is based on our current development plans, which remain subject to change, and we expect the phases currently under development will be completed by 2017.

DEBT

DEBT	3 Months Ended
	Mar. 27, 2015
Debt Disclosure [Abstract]
DEBT	9. DEBT
	The following table provides detail on our debt balances, net of unamortized debt issuance costs:
	($ in thousands)		At March 27,		At January 2,
			2015		2015
	Vacation ownership notes receivable securitizations, gross(1)		$	629,220	$	708,031
	Unamortized debt issuance costs			(7,372)		(8,089)
				621,848		699,942
	Other debt, gross			3,386		3,306
	Unamortized debt issuance costs(2)			(6,288)		(6,798)
				(2,902)		(3,492)
			$	618,946	$	696,450
		(1)	Interest rates as of March 27, 2015 range from 2.2% to 7.2% with a weighted average interest rate of 3.0%.
		(2)	Includes $6.1 million and $6.6 million of unamortized debt issuance costs as of March 27, 2015 and January 2, 2015, respectively, related to facilities with no cash borrowings outstanding.
	See Footnote No. 13, “Variable Interest Entities,” for a discussion of the collateral for the non-recourse debt associated with the securitized vacation ownership notes receivable and our non-recourse warehouse credit facility (the “Warehouse Credit Facility”). All of our other debt was, and to the extent currently outstanding is, recourse to us but unsecured. The Warehouse Credit Facility currently terminates on September 15, 2016 and if not renewed, any amounts outstanding thereunder would become due and payable 13 months after termination, at which time all principal and interest collected with respect to the vacation ownership notes receivable held in the Warehouse Credit Facility would be redirected to the lenders to pay down the outstanding debt under the facility. As of March 27, 2015, there were no cash borrowings outstanding under our Warehouse Credit Facility. We generally expect to securitize our vacation ownership notes receivable, including any vacation ownership notes receivable held in the Warehouse Credit Facility, in the ABS market once per year.
	Although no cash borrowings were outstanding as of March 27, 2015 under our Revolving Corporate Credit Facility, any amounts that are borrowed under that facility, as well as obligations with respect to letters of credit issued pursuant to that facility, are secured by a perfected first priority security interest in substantially all of the assets of the borrower under, and guarantors of, that facility (which include Marriott Vacations Worldwide and each of our direct and indirect, existing and future, domestic subsidiaries, excluding certain bankruptcy remote special purpose subsidiaries), in each case including inventory, subject to certain exceptions.
	The following table shows scheduled future principal payments for our debt:
	($ in thousands)		Vacation		Other		Total
			Ownership		Debt
			Notes Receivable
			Securitizations (1)
	Debt Principal Payments Year
	2015		$	77,421	$	27	$	77,448
	2016			94,960		56		95,016
	2017			72,861		61		72,922
	2018			68,355		65		68,420
	2019			68,376		70		68,446
	Thereafter			247,247		3,107		250,354
	Balance at March 27, 2015		$	629,220	$	3,386	$	632,606
		(1)	The debt associated with our vacation ownership notes receivable securitizations is non-recourse to us.
	As the contractual terms of the underlying securitized vacation ownership notes receivable determine the maturities of the non-recourse debt associated with them, actual maturities may occur earlier than shown above due to prepayments by the vacation ownership notes receivable obligors.
	We paid cash for interest, net of amounts capitalized, of $6.6 million and $6.2 million in the twelve weeks ended March 27, 2015 and March 28, 2014, respectively.
	Debt Associated with Vacation Ownership Notes Receivable Securitizations
	Each of the transactions in which we have securitized vacation ownership notes receivable contains various triggers relating to the performance of the underlying vacation ownership notes receivable. If a pool of securitized vacation ownership notes receivable fails to perform within the pool’s established parameters (default or delinquency thresholds vary by transaction), transaction provisions effectively redirect the monthly excess spread we would otherwise receive from that pool (attributable to the interests we retained) to accelerate the principal payments to investors (taking into account the subordination of the different tranches to the extent there are multiple tranches) until the performance trigger is cured. During the twelve weeks ended March 27, 2015, and as of March 27, 2015, no securitized vacation ownership notes receivable pools were out of compliance with the established parameters. As of March 27, 2015, we had 7 securitized vacation ownership notes receivable pools outstanding.

MANDATORILY_REDEEMABLE_PREFERR

MANDATORILY REDEEMABLE PREFERRED STOCK OF CONSOLIDATED SUBSIDIARY	3 Months Ended
	Mar. 27, 2015
Text Block [Abstract]
MANDATORILY REDEEMABLE PREFERRED STOCK OF CONSOLIDATED SUBSIDIARY	10. MANDATORILY REDEEMABLE PREFERRED STOCK OF CONSOLIDATED SUBSIDIARY
	In October 2011, our subsidiary, MVW US Holdings, Inc. (“MVW US Holdings”) issued $40.0 million of its mandatorily redeemable Series A (non-voting) preferred stock to Marriott International as part of Marriott International’s internal reorganization prior to the Spin-Off. Subsequently Marriott International sold all of this preferred stock to third-party investors. Until October 2016, the Series A preferred stock will pay an annual cash dividend equal to the five-year U.S. Treasury Rate as of October 19, 2011, plus a spread of 10.958 percent, for a total annual cash dividend rate of 12 percent. In October 2016, if we do not elect to redeem the preferred stock, the annual cash dividend rate will be reset to the five-year U.S. Treasury Rate in effect on such date plus the same 10.958 percent spread. The Series A preferred stock is mandatorily redeemable by MVW US Holdings upon the tenth anniversary of the date of issuance but can be redeemed at our option after five years (i.e., beginning in October 2016) at par. The Series A preferred stock has an aggregate liquidation preference of $40.0 million plus any accrued and unpaid dividends and an additional premium if liquidation occurs during the first five years after the issuance of the preferred stock. As of March 27, 2015, 1,000 shares of Series A preferred stock were authorized, of which 40 shares were issued and outstanding. The dividends are recorded as a component of Interest expense as the Series A preferred stock is treated as a liability for accounting purposes.
	The following table provides detail on our mandatorily redeemable preferred stock of consolidated subsidiary balance, net of unamortized debt issuance costs:
	($ in thousands)	At March 27,		At January 2,
		2015		2015
	Mandatorily redeemable preferred stock of consolidated subsidiary, gross	$	40,000	$	40,000
	Unamortized debt issuance costs		(1,144)		(1,184)
		$	38,856	$	38,816

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	3 Months Ended
	Mar. 27, 2015
Equity [Abstract]
SHAREHOLDERS' EQUITY	11. SHAREHOLDERS’ EQUITY
	Marriott Vacations Worldwide has 100,000,000 authorized shares of common stock, par value of $0.01 per share. At March 27, 2015, there were 36,333,814 shares of Marriott Vacations Worldwide common stock issued, of which 31,731,556 shares were outstanding and 4,602,258 shares were held as treasury stock. At January 2, 2015, there were 36,089,513 shares of Marriott Vacations Worldwide common stock issued, of which 32,092,788 shares were outstanding and 3,996,725 shares were held as treasury stock. Marriott Vacations Worldwide has 2,000,000 authorized shares of preferred stock, par value of $0.01 per share, none of which were issued or outstanding as of March 27, 2015 or January 2, 2015.
	The following table details changes in shareholders’ equity during the twelve weeks ended March 27, 2015:
	($ in thousands)	Common		Treasury		Additional		Accumulated		Retained		Total Equity
		Stock		Stock		Paid-In		Other		Earnings
						Capital		Comprehensive
								Income
	Balance at January 2, 2015	$	361	$	(229,229)	$	1,137,785	$	17,054	$	153,732	$	1,079,703
	Net income		—		—		—		—		34,054		34,054
	Foreign currency translation adjustments		—		—		—		(5,602)		—		(5,602)
	Amounts related to share-based compensation		2		—		(6,281)		—		—		(6,279)
	Adjustment to reclassification of Marriott International investment to Additional paid-in capital		—		—		(8)		—		—		(8)
	Repurchase of common stock		—		(48,400)		(2,881)		—		—		(51,281)
	Dividends		—		—		—		—		(8,081)		(8,081)
	Balance at March 27, 2015	$	363		$    (277,629)	$	1,128,615	$	11,452	$	179,705	$	1,042,506
	Share Repurchase Program
	In March 2015, pursuant to our existing share repurchase program, we entered into an accelerated share repurchase agreement (“ASR”) with a financial institution to repurchase shares of our common stock. Under the agreement, we paid $30.0 million and received an initial delivery of 327,782 shares of common stock on March 20, 2015, which are included in treasury stock. We accounted for the ASR as two separate transactions: (i) a purchase of treasury stock and (ii) a forward contract indexed to our common stock.
	We recorded $27.1 million as treasury stock and $2.9 million, the implied value of the forward contract, in additional paid-in capital on the Balance Sheet as of March 27, 2015. The total number of shares that we ultimately receive under the ASR will be determined based on the average of the daily volume-weighted average share price of our common stock over the duration of the ASR, less an agreed discount, and may be subject to adjustments for certain events under the agreement. The maximum number of additional shares that may be delivered to us under the ASR is 72,841. As the remainder of the shares are delivered to us, the forward contract will be reclassified from additional paid-in capital to treasury stock. Final settlement will occur in the second quarter of 2015.
	Excluding the repurchases under the ASR discussed above, during the first quarter of 2015, we repurchased 277,751 shares of our common stock under our current share repurchase program at an average price of $76.62 per share for a total of $21.3 million. As of March 27, 2015, 2.3 million shares remained available for repurchase under the program.
	Dividends
	On February 12, 2015, our Board of Directors declared a quarterly dividend of $0.25 per share to shareholders of record as of February 26, 2015, which we paid on March 11, 2015.

SHAREBASED_COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Mar. 27, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION	12. SHARE-BASED COMPENSATION
	A total of 6 million shares are authorized for issuance under the Marriott Vacations Worldwide Corporation Stock and Cash Incentive Plan (the “Stock Plan”). As of March 27, 2015, 1.7 million shares were available for grants under the Stock Plan.
	For share-based awards with service-only vesting conditions, we measure compensation expense related to share-based payment transactions with our employees and non-employee directors at fair value on the grant date. With respect to our employees, we recognize this expense on the Statements of Income over the vesting period during which the employees provide service in exchange for the award; with respect to non-employee directors, we recognize this expense on the grant date. For share-based arrangements with performance vesting conditions, we recognize compensation expense once it is probable that the corresponding performance condition will be achieved.
	We recorded share-based compensation expense related to award grants to our officers, directors and employees of $2.6 million and $2.3 million for the twelve weeks ended March 27, 2015 and March 28, 2014, respectively. Our deferred compensation liability related to unvested awards held by our employees totaled $23.4 million and $12.2 million at March 27, 2015 and January 2, 2015, respectively.
	Restricted Stock Units (“RSUs”)
	We granted 118,189 RSUs, exclusive of RSUs with performance vesting conditions, to our employees and non-employee directors during the twelve weeks ended March 27, 2015. RSUs granted in the twelve weeks ended March 27, 2015 had a weighted average grant-date fair value of $77.43. RSUs issued to our employees generally vest over four years in annual installments commencing one year after the date of grant. RSUs issued to our non-employee directors vest in full on the date of grant.
	During the twelve weeks ended March 27, 2015 and March 28, 2014, we granted RSUs with performance vesting conditions to members of management. The number of RSUs earned, if any, is determined following the end of a three-year performance period based upon our cumulative achievement over that period of specific quantitative operating financial measures. The maximum number of RSUs that may be earned under the RSUs with performance-based vesting criteria granted during the twelve weeks ended March 27, 2015 and March 28, 2014 was approximately 74,000 and 62,000, respectively.
	Stock Appreciation Rights (“SARs”)
	We granted 62,018 SARs to members of management during the twelve weeks ended March 27, 2015. These SARs had a weighted average grant-date fair value of $29.75 and a weighted average exercise price of $77.42. SARs generally expire ten years after the date of grant and both vest and may be exercised in cumulative installments of one quarter of the grant at the end of each of the first four years following the date of grant.
	We use the Black-Scholes model to estimate the fair value of the SARs granted. For SARs granted under the Stock Plan in the twelve weeks ended March 27, 2015, the expected stock price volatility was calculated based on the historical volatility from the stock prices of a group of identified peer companies. The average expected life was calculated using the simplified method. The risk-free interest rate was calculated based on U.S. Treasury zero-coupon issues with a remaining term equal to the expected life assumed at the date of grant. The expected annual dividend per share was $1.00 based on our expected dividend rate.
	The following table outlines the assumptions used to estimate the fair value of grants during the twelve weeks ended March 27, 2015:
	Expected volatility	42.74	%
	Dividend yield	1.26	%
	Risk-free rate	1.74	%
	Expected term (in years)	6.25

VARIABLE_INTEREST_ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Mar. 27, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	13. VARIABLE INTEREST ENTITIES
	In accordance with the applicable accounting guidance for the consolidation of variable interest entities, we analyze our variable interests, including loans, guarantees and equity investments, to determine if an entity in which we have a variable interest is a variable interest entity. Our analysis includes both quantitative and qualitative reviews. We base our quantitative analysis on the forecasted cash flows of the entity, and our qualitative analysis on our review of the design of the entity, its organizational structure including decision-making ability, and relevant financial agreements. We also use our qualitative analyses to determine if we must consolidate a variable interest entity because we are its primary beneficiary.
	Variable Interest Entities Related to Our Vacation Ownership Notes Receivable Securitizations
	We periodically securitize, without recourse, through bankruptcy remote special purpose entities, notes receivable originated in connection with the sale of vacation ownership products. These vacation ownership notes receivable securitizations provide funding for us and transfer the economic risks and substantially all the benefits of the loans to third parties. In a vacation ownership notes receivable securitization, various classes of debt securities issued by the special purpose entities are generally collateralized by a single tranche of transferred assets, which consist of vacation ownership notes receivable. We service the vacation ownership notes receivable. With each vacation ownership notes receivable securitization, we may retain a portion of the securities, subordinated tranches, interest-only strips, subordinated interests in accrued interest and fees on the securitized vacation ownership notes receivable or, in some cases, overcollateralization and cash reserve accounts.
	We created these entities to serve as a mechanism for holding assets and related liabilities, and the entities have no equity investment at risk, making them variable interest entities. We continue to service the vacation ownership notes receivable, transfer all proceeds collected to these special purpose entities, and retain rights to receive benefits that are potentially significant to the entities. Accordingly, we concluded that we are the entities’ primary beneficiary and, therefore, consolidate them.
	The following table shows consolidated assets, which are collateral for the obligations of these variable interest entities, and consolidated liabilities included on our Balance Sheet at March 27, 2015:
	($ in thousands)	Vacation		Warehouse		Total
		Ownership		Credit
		Notes Receivable		Facility
		Securitizations
	Consolidated Assets:
	Vacation ownership notes receivable, net of reserves	$	675,411	$	—	$	675,411
	Interest receivable		4,132		—		4,132
	Restricted cash		29,310		—		29,310
	Total	$	708,853	$	—	$	708,853
	Consolidated Liabilities:
	Interest payable	$	521	$	31	$	552
	Debt		629,220		—		629,220
	Total	$	629,741	$	31	$	629,772
	The noncontrolling interest balance was zero. The creditors of these entities do not have general recourse to us.
	The following table shows the interest income and expense recognized as a result of our involvement with these variable interest entities during the twelve weeks ended March 27, 2015:
	($ in thousands)	Vacation		Warehouse		Total
		Ownership		Credit
		Notes Receivable		Facility
		Securitizations
	Interest income	$	22,074	$	—	$	22,074
	Interest expense to investors	$	4,706	$	313	$	5,019
	Debt issuance cost amortization	$	717	$	285	$	1,002
	Administrative expenses	$	107	$	42	$	149
	The following table shows cash flows between us and the vacation ownership notes receivable securitization variable interest entities during the twelve weeks ended March 27, 2015 and March 28, 2014:
		Twelve Weeks Ended
	($ in thousands)	March 27, 2015		March 28, 2014
	Cash inflows:
	Principal receipts	$	48,608	$	46,195
	Interest receipts		22,933		22,292
	Reserve release		1,425		1,538
	Total		72,966		70,025
	Cash outflows:
	Principal to investors		(48,054)		(47,161)
	Voluntary repurchases of defaulted vacation ownership notes receivable		(6,031)		(6,906)
	Voluntary clean-up call		(24,726)		(26,722)
	Interest to investors		(5,219)		(5,865)
	Total		(84,030)		(86,654)
	Net Cash Flows	$	(11,064)	$	(16,629)
	The following table shows cash flows between us and the Warehouse Credit Facility variable interest entity during the twelve weeks ended March 27, 2015 and March 28, 2014:
		Twelve Weeks Ended
	($ in thousands)	March 27, 2015		March 28, 2014
	Cash inflows:
	Total	$	—	$	—
	Cash outflows:
	Interest to investors		(336)		(375)
	Total		(336)		(375)
	Net Cash Flows	$	(336)	$	(375)
	Under the terms of our vacation ownership notes receivable securitizations, we have the right at our option to repurchase defaulted vacation ownership notes receivable at the outstanding principal balance. The transaction documents typically limit such repurchases to 15 to 20 percent of the transaction’s initial vacation ownership notes receivable principal balance. Our maximum exposure to loss relating to the special purpose entities that purchase, sell and own these vacation ownership notes receivable is the overcollateralization amount (the difference between the loan collateral balance and the balance on the outstanding vacation ownership notes receivable), plus cash reserves and any residual interest in future cash flows from collateral. In addition, we could be required to fund up to an aggregate of $15.0 million upon presentation of demand notes related to certain vacation ownerships notes receivable securitization transactions outstanding at March 27, 2015.
	Other Variable Interest Entities
	We have an equity investment in the Joint Venture, a variable interest entity that previously developed and marketed vacation ownership and residential products in Hawaii. We concluded that the Joint Venture is a variable interest entity because the equity investment at risk is not sufficient to permit it to finance its activities without additional support from other venture parties. We determined that we are not the primary beneficiary of the Joint Venture, as power to direct the activities that most significantly impact its economic performance is shared among the variable interest holders and, therefore, we do not consolidate the Joint Venture. In 2009, we fully impaired our equity investment in the Joint Venture and in certain notes receivable due from the Joint Venture and subsequently reduced the carrying value of our investment in those receivables to zero. Following the Joint Venture’s failure to pay promissory notes due in 2010 and 2011, the lenders initiated foreclosure proceedings with respect to unsold interests in the project. A sale was completed following a foreclosure auction, and on June 13, 2013, we received $7.4 million of cash as a partial repayment of our previously fully reserved receivables due from the Joint Venture. The Joint Venture’s obligations with respect to the remaining receivables have been terminated.
	At March 27, 2015, we have an accrual of $4.0 million for potential future funding obligations, representing our remaining expected exposure to loss related to our involvement with the Joint Venture exclusive of any future costs that may be incurred pursuant to outstanding litigation matters, including those discussed in Footnote No. 8, “Contingencies and Commitments.”

BUSINESS_SEGMENTS

BUSINESS SEGMENTS	3 Months Ended
	Mar. 27, 2015
Segment Reporting [Abstract]
BUSINESS SEGMENTS	14. BUSINESS SEGMENTS
	We define our reportable segments based on the way in which the chief operating decision maker, currently our chief executive officer, manages the operations of the company for purposes of allocating resources and assessing performance. We operate in three reportable business segments:
		•		In our North America segment, we develop, market, sell and manage vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. We also develop, market and sell vacation ownership and related products under The Ritz-Carlton Destination Club brand, as well as whole ownership residential products under The Ritz-Carlton Residences brand.
		•		In our Europe segment, we are focusing on selling our existing projects and managing existing resorts. We do not have any current plans for new development in this segment.
		•		In our Asia Pacific segment, we develop, market, sell and manage the Marriott Vacation Club, Asia Pacific, a right-to-use points program that we specifically designed to appeal to the vacation preferences of the Asian market, as well as a weeks-based right-to-use product.
	We evaluate the performance of our segments based primarily on the results of the segment without allocating corporate expenses or income taxes. We do not allocate corporate interest expense, consumer financing interest expense, other financing expenses or general and administrative expenses to our segments. We include interest income specific to segment activities within the appropriate segment. We allocate other gains and losses and equity in earnings or losses from our joint ventures to each of our segments as appropriate. Corporate and other represents that portion of our revenues, equity in earnings or losses, and other gains or losses that are not allocable to our segments.
	Revenues
			Twelve Weeks Ended
	($ in thousands)		March 27, 2015		March 28, 2014
	North America		$	391,928	$	366,329
	Europe			21,587		24,471
	Asia Pacific			41,365		11,147
	Total segment revenues			454,880		401,947
	Corporate and other			—		—
			$	454,880	$	401,947
	Net Income
			Twelve Weeks Ended
	($ in thousands)		March 27, 2015		March 28, 2014
	North America		$	97,736	$	79,655
	Europe			14		1,402
	Asia Pacific			9,443		1,492
	Total segment financial results			107,193		82,549
	Corporate and other			(49,850)		(50,478)
	Provision for income taxes			(23,289)		(12,763)
			$	34,054	$	19,308
	Assets
	($ in thousands)		At March 27,		At January 2,
			2015		2015
	North America		$	1,913,448	$	1,877,575
	Europe			84,472		88,867
	Asia Pacific			66,844		85,469
	Total segment assets			2,064,764		2,051,911
	Corporate and other			324,105		472,105
			$	2,388,869	$	2,524,016

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 27, 2015
Accounting Policies [Abstract]
Business Operations	Our Business
	Marriott Vacations Worldwide Corporation (“Marriott Vacations Worldwide,” “we” or “us,” which includes our consolidated subsidiaries except where the context of the reference is to a single corporate entity) is the exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. We are also the exclusive worldwide developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand, and we have the non-exclusive right to develop, market and sell whole ownership residential products under The Ritz-Carlton Residences brand. The Ritz-Carlton Hotel Company, L.L.C. (“The Ritz-Carlton Hotel Company”), a subsidiary of Marriott International, Inc. (“Marriott International”), generally provides on-site management for Ritz-Carlton branded properties.
	Our business is grouped into three reportable segments: North America, Europe and Asia Pacific. As of March 27, 2015, we operated 59 properties, including one hotel, in the United States and seven other countries and territories. We generate most of our revenues from four primary sources: selling vacation ownership products; managing our resorts; financing consumer purchases; and renting vacation ownership inventory.
Our Spin-Off from Marriott International, Inc.	Our Spin-Off from Marriott International, Inc.
	On November 21, 2011, the spin-off of Marriott Vacations Worldwide from Marriott International (the “Spin-Off”) was completed. In connection with the Spin-Off, we entered into several agreements that govern the ongoing relationship between Marriott Vacations Worldwide and Marriott International.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation
	The interim consolidated financial statements presented herein and discussed below include 100 percent of the assets, liabilities, revenues, expenses and cash flows of Marriott Vacations Worldwide, all entities in which Marriott Vacations Worldwide has a controlling voting interest (“subsidiaries”), and those variable interest entities for which Marriott Vacations Worldwide is the primary beneficiary in accordance with consolidation accounting guidance. Intercompany accounts and transactions between consolidated companies have been eliminated in consolidation. The interim consolidated financial statements reflect our financial position, results of operations and cash flows as prepared in conformity with United States Generally Accepted Accounting Principles (“GAAP”).
	In order to make this report easier to read, we refer throughout to (i) our Interim Consolidated Financial Statements as our “Financial Statements,” (ii) our Interim Consolidated Statements of Income as our “Statements of Income,” (iii) our Interim Consolidated Balance Sheets as our “Balance Sheets,” and (iv) our Interim Consolidated Statements of Cash Flows as our “Cash Flows.” In addition, references throughout to numbered “Footnotes” refer to the numbered Notes in these Notes to Interim Consolidated Financial Statements, unless otherwise noted.
	Unless otherwise specified, each reference to a particular quarter in these Financial Statements means the twelve weeks ended on the date shown in the following table, rather than the corresponding calendar quarter:
	Fiscal Year	Quarter-End  Date
	2015 First Quarter	March 27, 2015
	2014 First Quarter	March 28, 2014
	In our opinion, our Financial Statements reflect all normal and recurring adjustments necessary to present fairly our financial position and the results of our operations and cash flows for the periods presented. Interim results may not be indicative of fiscal year performance because of, among other reasons, seasonal and short-term variations.
	These Financial Statements have not been audited. Amounts as of January 2, 2015 included in these Financial Statements have been derived from the audited consolidated financial statements as of that date. We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with GAAP. Although we believe our footnote disclosures are adequate to make the information presented not misleading, you should read these Financial Statements in conjunction with the consolidated financial statements and notes to those consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 2, 2015.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes. Such estimates include, but are not limited to, revenue recognition, cost of vacation ownership products, inventory valuation, property and equipment valuation, loan loss reserves, Marriott Rewards customer loyalty program liability, self-insured medical plan reserves, equity-based compensation, income taxes, loss contingencies and exit and disposal activities reserves. Accordingly, actual amounts may differ from these estimated amounts.
	We have reclassified certain prior year amounts to conform to our current period presentation.
New Accounting Standards	New Accounting Standards
	Accounting Standards Update No. 2015-02 – “Consolidation (Topic 810): Amendments to the Consolidation Analysis” (“ASU 2015-02”)
	In February 2015, the Financial Accounting Standards Board (“FASB”) issued ASU 2015-02, which amends the guidance for evaluating whether to consolidate certain legal entities. Specifically, ASU 2015-02 modifies the method for determining whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities. Further, it eliminates the presumption that a general partner should consolidate a limited partnership and impacts the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. The updated guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted. Our early adoption of ASU 2015-02 in the first quarter of 2015 did not have a material impact on our Financial Statements.
	Accounting Standards Update No. 2015-03 – “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”)
	In April 2015, the FASB issued ASU 2015-03, which requires debt issuance costs related to a debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability instead of being presented as an asset. The recognition and measurement guidance for debt issuance costs has not changed. ASU 2015-03 requires retrospective application and represents a change in accounting principle. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted for financial statements that have not been previously issued. Our early adoption of ASU 2015-03 in the first quarter of 2015 did not have a material impact on our Financial Statements. See Footnote No. 9, “Debt,” for additional information on our debt issuance costs.
Future Adoption of Accounting Standards	Future Adoption of Accounting Standards
	Accounting Standards Update No. 2014-09 – “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”)
	In May 2014, the FASB issued ASU 2014-09. ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, as well as most industry-specific guidance, and significantly enhances comparability of revenue recognition practices across entities and industries by providing a principles-based, comprehensive framework for addressing revenue recognition issues. In order for a provider of promised goods or services to recognize as revenue the consideration that it expects to receive in exchange for the promised goods or services, the provider should apply the following five steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. As currently written, ASU 2014-09 will be effective for financial statements issued for the first interim period within annual periods beginning after December 15, 2016, and does not permit early adoption. However, on April 29, 2015, the FASB published an exposure draft proposing to extend the effective date to the first interim period within annual periods beginning after December 15, 2017. We continue to evaluate the impact that this guidance, including the method of implementation, will have on our financial statements and disclosures.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 27, 2015
Accounting Policies [Abstract]
Each Reference to Particular Year in These Financial Statements Means Fiscal Year Ended on Date Shown	Unless otherwise specified, each reference to a particular quarter in these Financial Statements means the twelve weeks ended on the date shown in the following table, rather than the corresponding calendar quarter:
	Fiscal Year	Quarter-End  Date
	2015 First Quarter	March 27, 2015
	2014 First Quarter	March 28, 2014

VACATION_OWNERSHIP_NOTES_RECEI1

VACATION OWNERSHIP NOTES RECEIVABLE (Tables)	3 Months Ended
	Mar. 27, 2015
Composition of Vacation Ownership Notes Receivable Balances, Net of Reserves	The following table shows the composition of our vacation ownership notes receivable balances, net of reserves:
	($ in thousands)		March 27, 2015		January 2, 2015
	Vacation ownership notes receivable — securitized		$	675,411	$	750,680
	Vacation ownership notes receivable — non-securitized
	Eligible for securitization (1)			88,521		24,194
	Not eligible for securitization (1)			124,261		142,354
	Subtotal			212,782		166,548
	Total vacation ownership notes receivable		$	888,193	$	917,228
		(1)	Refer to Footnote No. 4, “Financial Instruments,” for discussion of eligibility of our vacation ownership notes receivable.
Future Principal Payments, Net of Reserves, and Interest Rates of Vacation Ownership Notes Receivable	The following tables show future principal payments, net of reserves, as well as interest rates for our securitized and non-securitized vacation ownership notes receivable at March 27, 2015:
	($ in thousands)		Non-Securitized		Securitized		Total
			Vacation Ownership		Vacation Ownership
			Notes Receivable		Notes Receivable
	2015		$	45,822	$	75,502	$	121,324
	2016			36,102		97,914		134,016
	2017			27,040		94,708		121,748
	2018			17,707		83,687		101,394
	2019			14,920		73,037		87,957
	Thereafter			71,191		250,563		321,754
	Balance at March 27, 2015		$	212,782	$	675,411	$	888,193
	Weighted average stated interest rate			11.80%		12.80%		12.50%
	Range of stated interest rates			0.0% to 19.5%		4.9% to 19.5%		0.0% to 19.5%
Interest Income Associated with Vacation Ownership Notes Receivable	The following table summarizes interest income associated with vacation ownership notes receivable:
			Twelve Weeks Ended
	($ in thousands)		March 27, 2015		March 28, 2014
	Interest income associated with vacation ownership notes receivable — securitized		$	22,074	$	21,591
	Interest income associated with vacation ownership notes receivable — non-securitized			5,493		7,541
	Total interest income associated with vacation ownership notes receivable		$	27,567	$	29,132
Recorded Investment in Non-accrual Notes Receivable that are 90 Days or More Past Due	The following table shows our recorded investment in non-accrual vacation ownership notes receivable, which are vacation ownership notes receivable that are 90 days or more past due:
	($ in thousands)		Non-Securitized		Securitized		Total
			Vacation Ownership		Vacation Ownership
			Notes Receivable		Notes Receivable
	Investment in vacation ownership notes receivable on non-accrual status at March 27, 2015		$	53,672	$	10,914	$	64,586
	Investment in vacation ownership notes receivable on non-accrual status at January 2, 2015		$	60,275	$	7,172	$	67,447
	Average investment in vacation ownership notes receivable on non-accrual status during the twelve weeks ended March 27, 2015		$	56,974	$	9,043	$	66,017
	Average investment in vacation ownership notes receivable on non-accrual status during the twelve weeks ended March 28, 2014		$	67,679	$	9,027	$	76,706
Aging of Recorded Investment in Principal, Before Reserves, in Vacation Ownership Notes Receivable	The following table shows the aging of the recorded investment in principal, before reserves, in vacation ownership notes receivable as of March 27, 2015:
	($ in thousands)		Non-Securitized		Securitized		Total
			Vacation Ownership		Vacation Ownership
			Notes Receivable		Notes Receivable
	31 – 90 days past due		$	8,758	$	17,087	$	25,845
	91 – 150 days past due			4,954		8,187		13,141
	Greater than 150 days past due			48,718		2,727		51,445
	Total past due			62,430		28,001		90,431
	Current			214,109		698,544		912,653
	Total vacation ownership notes receivable		$	276,539	$	726,545	$	1,003,084
	The following table shows the aging of the recorded investment in principal, before reserves, in vacation ownership notes receivable as of January 2, 2015:
	($ in thousands)		Non-Securitized		Securitized		Total
			Vacation Ownership		Vacation Ownership
			Notes Receivable		Notes Receivable
	31 – 90 days past due		$	8,330	$	22,544	$	30,874
	91 – 150 days past due			6,101		7,003		13,104
	Greater than 150 days past due			54,174		169		54,343
	Total past due			68,605		29,716		98,321
	Current			162,695		774,630		937,325
	Total vacation ownership notes receivable		$	231,300	$	804,346	$	1,035,646
Vacation Ownership
Notes Receivable Reserves	The following table summarizes the activity related to our vacation ownership notes receivable reserve for the twelve weeks ended March 27, 2015:
	($ in thousands)		Non-Securitized		Securitized		Total
			Vacation Ownership		Vacation Ownership
			Notes Receivable		Notes Receivable
			Reserve		Reserve
	Balance at January 2, 2015		$	64,752	$	53,666	$	118,418
	Provision for loan losses			3,379		4,815		8,194
	Clean-up calls (1)			1,316		(1,316)		—
	Write-offs			(11,721)		—		(11,721)
	Defaulted vacation ownership notes receivable repurchase activity (2)			6,031		(6,031)		—
	Balance at March 27, 2015		$	63,757	$	51,134	$	114,891
		(1)	Refers to our voluntary repurchase of previously securitized non-defaulted vacation ownership notes receivable to retire outstanding vacation ownership notes receivable securitizations.
		(2)	Decrease in securitized vacation ownership notes receivable reserve and increase in non-securitized vacation ownership notes receivable reserve was attributable to the transfer of the reserve when we voluntarily repurchased the securitized vacation ownership notes receivable.

FINANCIAL_INSTRUMENTS_Tables

FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 27, 2015
Carrying Values and Estimated Fair Values of Financial Assets and Liabilities	The following table shows the carrying values and the estimated fair values of financial assets and liabilities that qualify as financial instruments, determined in accordance with the authoritative guidance for disclosures regarding the fair value of financial instruments. Considerable judgment is required in interpreting market data to develop estimates of fair value. The use of different market assumptions and/or estimation methodologies could have a material effect on the estimated fair value amounts. The table excludes Cash and cash equivalents, Restricted cash, Accounts and contracts receivable, Accounts payable and Accrued liabilities, all of which had fair values approximating their carrying amounts due to the short maturities and liquidity of these instruments.
			At March 27, 2015				At January 2, 2015
	($ in thousands)		Carrying		Fair		Carrying		Fair
			Amount		Value(1)		Amount		Value(1)
	Vacation ownership notes receivable
	Securitized		$	675,411	$	820,901	$	750,680	$	909,391
	Non-securitized			212,782		235,286		166,548		172,103
	Total financial assets		$	888,193	$	1,056,187	$	917,228	$	1,081,494
	Non-recourse debt associated with vacation ownership notes receivable securitizations, gross		$	-629,220	$	-635,042	$	-708,031	$	-712,977
	Other debt, gross			-3,386		-3,386		-3,306		-3,306
	Mandatorily redeemable preferred stock of consolidated subsidiary, gross			-40,000		-43,624		-40,000		-43,837
	Liability for Marriott Rewards customer loyalty program			-84,811		-74,434		-89,285		-80,448
	Other liabilities			-4,141		-4,141		-4,118		-4,118
	Total financial liabilities		$	-761,558	$	-760,627	$	-844,740	$	-844,686
		(1)	Fair value of financial instruments has been determined using Level 3 inputs.
Non-Securitized Vacation Ownership Notes Receivable
Carrying Values and Estimated Fair Values of Financial Assets and Liabilities	The following table shows the bifurcation of our non-securitized vacation ownership notes receivable into those eligible and not eligible for securitization based upon the aforementioned eligibility criteria:
			At March 27, 2015				At January 2, 2015
	($ in thousands)		Carrying		Fair		Carrying		Fair
			Amount		Value		Amount		Value
	Vacation ownership notes receivable
	Eligible for securitization		$	88,521	$	111,025	$	24,194	$	29,749
	Not eligible for securitization			124,261		124,261		142,354		142,354
	Total non-securitized		$	212,782	$	235,286	$	166,548	$	172,103

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 27, 2015
Earnings Per Share [Abstract]
Reconciliation of Earnings and Number of Shares Used in Calculation of Basic and Diluted Earnings Per Share	The dilutive effect of outstanding equity-based compensation awards is reflected in diluted earnings per common share by application of the treasury stock method using average market prices during the period. The table below illustrates the reconciliation of the earnings and number of shares used in our calculation of basic and diluted earnings per share.
			Twelve Weeks Ended
	(in thousands, except per share amounts)		March 27,		March 28,
			2015(1)		2014(2)
	Computation of Basic Earnings Per Share
	Net income		$	34,054	$	19,308
	Weighted average shares outstanding			32,299		34,875
	Basic earnings per share		$	1.05	$	0.55
	Computation of Diluted Earnings Per Share
	Net income		$	34,054	$	19,308
	Weighted average shares outstanding			32,299		34,875
	Effect of dilutive securities
	Employee stock options and SARs			473		586
	Restricted stock units			237		421
	Shares for diluted earnings per share			33,009		35,882
	Diluted earnings per share		$	1.03	$	0.54
		-1	The computations of diluted earnings per share exclude approximately 203,000 shares of common stock, the maximum number of shares issuable as of March 27, 2015 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.
		(2)	The computations of diluted earnings per share exclude approximately 291,000 shares of common stock, the maximum number of shares issuable as of March 28, 2014 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.

INVENTORY_Tables

INVENTORY (Tables)	3 Months Ended
	Mar. 27, 2015
Inventory Disclosure [Abstract]
Composition of Inventory	The following table shows the composition of our inventory balances:
	($ in thousands)		At March 27, 2015		At January 2, 2015
	Finished goods(1)		$	361,237	$	413,066
	Land and infrastructure(2)			358,742		355,198
	Real estate inventory			719,979		768,264
	Operating supplies and retail inventory			4,541		4,520
			$	724,520	$	772,784
		(1)	Represents completed inventory that is either registered for sale as vacation ownership interests, or unregistered and available for sale in its current form.
		(2)	Includes $47.5 million of sales centers that are expected to be converted into vacation ownership products to be sold in the future and $83.0 million of inventory related to estimated future foreclosures at March 27, 2015.

CONTINGENCIES_AND_COMMITMENTS_

CONTINGENCIES AND COMMITMENTS (Tables)	3 Months Ended
	Mar. 27, 2015
Commitments and Contingencies Disclosure [Abstract]
Maximum Potential Amount of Future Fundings for Financing Guarantees and Carrying Amount of Liability for Expected Future Fundings	The following table shows the maximum potential amount of future fundings for financing guarantees where we are the primary obligor and the carrying amount of the liability for expected future fundings, which is included on our Balance Sheet in the Other caption within Liabilities.
	($ in thousands)	Maximum Potential		Liability for Expected
		Amount of Future Fundings		Future Fundings
		At March 27,  2015		At March 27, 2015
	Segment
	Asia Pacific	$	7,453	$	56
	North America		2,846		210
	Total guarantees where we are the primary obligor	$	10,299	$	266

DEBT_Tables

DEBT (Tables)	3 Months Ended
	Mar. 27, 2015
Debt Disclosure [Abstract]
Debt Balances, Net of Unamortized Debt Issuance Costs	The following table provides detail on our debt balances, net of unamortized debt issuance costs:
	($ in thousands)		At March 27,		At January 2,
			2015		2015
	Vacation ownership notes receivable securitizations, gross(1)		$	629,220	$	708,031
	Unamortized debt issuance costs			(7,372)		(8,089)
				621,848		699,942
	Other debt, gross			3,386		3,306
	Unamortized debt issuance costs(2)			(6,288)		(6,798)
				(2,902)		(3,492)
			$	618,946	$	696,450
		(1)	Interest rates as of March 27, 2015 range from 2.2% to 7.2% with a weighted average interest rate of 3.0%.
		(2)	Includes $6.1 million and $6.6 million of unamortized debt issuance costs as of March 27, 2015 and January 2, 2015, respectively, related to facilities with no cash borrowings outstanding.
Scheduled Future Principal Payments for Debt	The following table shows scheduled future principal payments for our debt:
	($ in thousands)		Vacation		Other		Total
			Ownership		Debt
			Notes Receivable
			Securitizations (1)
	Debt Principal Payments Year
	2015		$	77,421	$	27	$	77,448
	2016			94,960		56		95,016
	2017			72,861		61		72,922
	2018			68,355		65		68,420
	2019			68,376		70		68,446
	Thereafter			247,247		3,107		250,354
	Balance at March 27, 2015		$	629,220	$	3,386	$	632,606
		(1)	The debt associated with our vacation ownership notes receivable securitizations is non-recourse to us.

MANDATORILY_REDEEMABLE_PREFERR1

MANDATORILY REDEEMABLE PREFERRED STOCK OF CONSOLIDATED SUBSIDIARY (Tables)	3 Months Ended
	Mar. 27, 2015
Text Block [Abstract]
Mandatorily Redeemable Preferred Stock, Net of Unamortized Debt Issuance Costs	The following table provides detail on our mandatorily redeemable preferred stock of consolidated subsidiary balance, net of unamortized debt issuance costs:
	($ in thousands)	At March 27,		At January 2,
		2015		2015
	Mandatorily redeemable preferred stock of consolidated subsidiary, gross	$	40,000	$	40,000
	Unamortized debt issuance costs		(1,144)		(1,184)
		$	38,856	$	38,816

SHAREHOLDERS_EQUITY_Tables

SHAREHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 27, 2015
Equity [Abstract]
Changes in Shareholders' Equity	The following table details changes in shareholders’ equity during the twelve weeks ended March 27, 2015:
	($ in thousands)	Common		Treasury		Additional		Accumulated		Retained		Total Equity
		Stock		Stock		Paid-In		Other		Earnings
						Capital		Comprehensive
								Income
	Balance at January 2, 2015	$	361	$	(229,229)	$	1,137,785	$	17,054	$	153,732	$	1,079,703
	Net income		—		—		—		—		34,054		34,054
	Foreign currency translation adjustments		—		—		—		(5,602)		—		(5,602)
	Amounts related to share-based compensation		2		—		(6,281)		—		—		(6,279)
	Adjustment to reclassification of Marriott International investment to Additional paid-in capital		—		—		(8)		—		—		(8)
	Repurchase of common stock		—		(48,400)		(2,881)		—		—		(51,281)
	Dividends		—		—		—		—		(8,081)		(8,081)
	Balance at March 27, 2015	$	363		$    (277,629)	$	1,128,615	$	11,452	$	179,705	$	1,042,506

SHAREBASED_COMPENSATION_Tables

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 27, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Assumptions Used to Estimate Fair Value of Grants	The following table outlines the assumptions used to estimate the fair value of grants during the twelve weeks ended March 27, 2015:
	Expected volatility	42.74	%
	Dividend yield	1.26	%
	Risk-free rate	1.74	%
	Expected term (in years)	6.25

VARIABLE_INTEREST_ENTITIES_Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Mar. 27, 2015
Vacation Ownership Notes Receivable Securitizations
Cash Flows Between Company and Variable Interest Entities	The following table shows cash flows between us and the vacation ownership notes receivable securitization variable interest entities during the twelve weeks ended March 27, 2015 and March 28, 2014:
		Twelve Weeks Ended
	($ in thousands)	March 27, 2015		March 28, 2014
	Cash inflows:
	Principal receipts	$	48,608	$	46,195
	Interest receipts		22,933		22,292
	Reserve release		1,425		1,538
	Total		72,966		70,025
	Cash outflows:
	Principal to investors		(48,054)		(47,161)
	Voluntary repurchases of defaulted vacation ownership notes receivable		(6,031)		(6,906)
	Voluntary clean-up call		(24,726)		(26,722)
	Interest to investors		(5,219)		(5,865)
	Total		(84,030)		(86,654)
	Net Cash Flows	$	(11,064)	$	(16,629)
Warehouse Credit Facility
Cash Flows Between Company and Variable Interest Entities	The following table shows cash flows between us and the Warehouse Credit Facility variable interest entity during the twelve weeks ended March 27, 2015 and March 28, 2014:
		Twelve Weeks Ended
	($ in thousands)	March 27, 2015		March 28, 2014
	Cash inflows:
	Total	$	—	$	—
	Cash outflows:
	Interest to investors		(336)		(375)
	Total		(336)		(375)
	Net Cash Flows	$	(336)	$	(375)
Balance Sheet
Classifications of Consolidated Variable Interest Entities	The following table shows consolidated assets, which are collateral for the obligations of these variable interest entities, and consolidated liabilities included on our Balance Sheet at March 27, 2015:
	($ in thousands)	Vacation		Warehouse		Total
		Ownership		Credit
		Notes Receivable		Facility
		Securitizations
	Consolidated Assets:
	Vacation ownership notes receivable, net of reserves	$	675,411	$	—	$	675,411
	Interest receivable		4,132		—		4,132
	Restricted cash		29,310		—		29,310
	Total	$	708,853	$	—	$	708,853
	Consolidated Liabilities:
	Interest payable	$	521	$	31	$	552
	Debt		629,220		—		629,220
	Total	$	629,741	$	31	$	629,772
Income Statement
Classifications of Consolidated Variable Interest Entities	The following table shows the interest income and expense recognized as a result of our involvement with these variable interest entities during the twelve weeks ended March 27, 2015:
	($ in thousands)	Vacation		Warehouse		Total
		Ownership		Credit
		Notes Receivable		Facility
		Securitizations
	Interest income	$	22,074	$	—	$	22,074
	Interest expense to investors	$	4,706	$	313	$	5,019
	Debt issuance cost amortization	$	717	$	285	$	1,002
	Administrative expenses	$	107	$	42	$	149

BUSINESS_SEGMENTS_Tables

BUSINESS SEGMENTS (Tables)	3 Months Ended
	Mar. 27, 2015
Segment Reporting [Abstract]
Revenues	Revenues
		Twelve Weeks Ended
	($ in thousands)	March 27, 2015		March 28, 2014
	North America	$	391,928	$	366,329
	Europe		21,587		24,471
	Asia Pacific		41,365		11,147
	Total segment revenues		454,880		401,947
	Corporate and other		—		—
		$	454,880	$	401,947
Net Income	Net Income
		Twelve Weeks Ended
	($ in thousands)	March 27, 2015		March 28, 2014
	North America	$	97,736	$	79,655
	Europe		14		1,402
	Asia Pacific		9,443		1,492
	Total segment financial results		107,193		82,549
	Corporate and other		(49,850)		(50,478)
	Provision for income taxes		(23,289)		(12,763)
		$	34,054	$	19,308
Assets	Assets
	($ in thousands)	At March 27,		At January 2,
		2015		2015
	North America	$	1,913,448	$	1,877,575
	Europe		84,472		88,867
	Asia Pacific		66,844		85,469
	Total segment assets		2,064,764		2,051,911
	Corporate and other		324,105		472,105
		$	2,388,869	$	2,524,016

Recovered_Sheet1

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended
	Mar. 27, 2015
	Line
	Segment
	Property
Significant Accounting Policies [Line Items]
Number of business segments	3
Number of properties	59
Number of primary sources of revenues generated	4
Percent of the assets, liabilities, revenues, expenses and cash flows discussed	100.00%
UNITED STATES
Significant Accounting Policies [Line Items]
Number of hotel properties	1
Operations located outside the United States
Significant Accounting Policies [Line Items]
Number of countries and territories in which company operates	7

Each_Reference_to_Particular_Y

Each Reference to Particular Year in Financial Statements Means Fiscal Year Ended on Date Shown (Detail)	3 Months Ended
	Mar. 27, 2015	Mar. 28, 2014
Accounting Policies [Abstract]
Quarter-End Date	27-Mar-15	28-Mar-14

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 27, 2015	Jan. 02, 2015
Income Tax Disclosure [Abstract]
Unrecognized tax benefits that, if recognized, would impact the effective tax rate	$1.40	$1.30
Income Tax Examination Description	We have joined in the Marriott International U.S. federal tax consolidated filing for periods up to the date of the Spin-Off. The IRS has examined Marriott International's federal income tax returns, and it has settled all issues related to the timeshare business for the tax years through the Spin-Off.

Composition_of_Vacation_Owners

Composition of Vacation Ownership Notes Receivable Balances, Net of Reserves (Detail) (USD $)	Mar. 27, 2015		Jan. 02, 2015
In Thousands, unless otherwise specified
Accounts, Notes, Loans and Financing Receivable [Line Items]
Vacation ownership notes receivable	$888,193		$917,228
Securitized Vacation Ownership Notes Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Vacation ownership notes receivable	675,411		750,680
Eligible for Securitization
Accounts, Notes, Loans and Financing Receivable [Line Items]
Vacation ownership notes receivable	88,521	[1]	24,194	[1]
Not Eligible for Securitization
Accounts, Notes, Loans and Financing Receivable [Line Items]
Vacation ownership notes receivable	124,261	[1]	142,354	[1]
Non-Securitized Vacation Ownership Notes Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Vacation ownership notes receivable	$212,782		$166,548
[1]	Refer to Footnote No. 4, "Financial Instruments," for discussion of eligibility of our vacation ownership notes receivable.

Future_Principal_Payments_Net_

Future Principal Payments, Net of Reserves, and Interest Rates of Vacation Ownership Notes Receivable (Detail) (USD $)	Mar. 27, 2015
In Thousands, unless otherwise specified
Future Minimum Payments Receivable [Line Items]
2015	$121,324
2016	134,016
2017	121,748
2018	101,394
2019	87,957
Thereafter	321,754
Notes receivable	888,193
Weighted average stated interest rate	12.50%
Range of stated interest rates, minimum	0.00%
Range of stated interest rates, maximum	19.50%
Non-Securitized Vacation Ownership Notes Receivable
Future Minimum Payments Receivable [Line Items]
2015	45,822
2016	36,102
2017	27,040
2018	17,707
2019	14,920
Thereafter	71,191
Notes receivable	212,782
Weighted average stated interest rate	11.80%
Range of stated interest rates, minimum	0.00%
Range of stated interest rates, maximum	19.50%
Securitized Vacation Ownership Notes Receivable
Future Minimum Payments Receivable [Line Items]
2015	75,502
2016	97,914
2017	94,708
2018	83,687
2019	73,037
Thereafter	250,563
Notes receivable	$675,411
Weighted average stated interest rate	12.80%
Range of stated interest rates, minimum	4.90%
Range of stated interest rates, maximum	19.50%

Interest_Income_Associated_Wit

Interest Income Associated With Vacation Ownership Notes Receivable (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015	Mar. 28, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income associated with vacation ownership notes receivable	$27,567	$29,132
Securitized Vacation Ownership Notes Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income associated with vacation ownership notes receivable	22,074	21,591
Non-Securitized Vacation Ownership Notes Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income associated with vacation ownership notes receivable	$5,493	$7,541

Notes_Receivable_Reserves_Deta

Notes Receivable Reserves (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	$118,418
Provision for loan losses	8,194
Write-offs	-11,721
Ending Balance	114,891
Non-Securitized Vacation Ownership Notes Receivable
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	64,752
Provision for loan losses	3,379
Clean-up calls	1,316	[1]
Write-offs	-11,721
Defaulted vacation ownership notes receivable repurchase activity	6,031	[2]
Ending Balance	63,757
Securitized Vacation Ownership Notes Receivable
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	53,666
Provision for loan losses	4,815
Clean-up calls	-1,316	[1]
Defaulted vacation ownership notes receivable repurchase activity	-6,031	[2]
Ending Balance	$51,134
[1]	Refers to our voluntary repurchase of previously securitized non-defaulted vacation ownership notes receivable to retire outstanding vacation ownership notes receivable securitizations.
[2]	Decrease in securitized vacation ownership notes receivable reserve and increase in non-securitized vacation ownership notes receivable reserve was attributable to the transfer of the reserve when we voluntarily repurchased the securitized vacation ownership notes receivable.

Recovered_Sheet2

Vacation Ownership Notes Receivable - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 27, 2015	Jan. 02, 2015
Receivables [Abstract]
Notes receivable estimated average remaining default rates	6.84%	6.95%
Estimated default rate increases that would have resulted an increase in allowance for credit losses	0.50%
Allowance for credit losses that would have been increased	$4.60	$4.70

Recorded_Investment_in_Nonaccr

Recorded Investment in Non-accrual Notes Receivable that are Ninety Days or More Past Due (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015	Mar. 28, 2014	Jan. 02, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Investment in notes receivable on non-accrual status	$64,586		$67,447
Average investment in notes receivable on non-accrual status	66,017	76,706
Non-Securitized Vacation Ownership Notes Receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Investment in notes receivable on non-accrual status	53,672		60,275
Average investment in notes receivable on non-accrual status	56,974	67,679
Securitized Vacation Ownership Notes Receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Investment in notes receivable on non-accrual status	10,914		7,172
Average investment in notes receivable on non-accrual status	$9,043	$9,027

Aging_of_Recorded_Investment_i

Aging of Recorded Investment in Principal, Before Reserves, in Vacation Ownership Notes Receivable (Detail) (USD $)	Mar. 27, 2015	Jan. 02, 2015
In Thousands, unless otherwise specified
Financing Receivable, Recorded Investment, Past Due [Line Items]
31 - 90 days past due	$25,845	$30,874
91 - 150 days past due	13,141	13,104
Greater than 150 days past due	51,445	54,343
Total past due	90,431	98,321
Current	912,653	937,325
Total vacation ownership notes receivable	1,003,084	1,035,646
Non-Securitized Vacation Ownership Notes Receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
31 - 90 days past due	8,758	8,330
91 - 150 days past due	4,954	6,101
Greater than 150 days past due	48,718	54,174
Total past due	62,430	68,605
Current	214,109	162,695
Total vacation ownership notes receivable	276,539	231,300
Securitized Vacation Ownership Notes Receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
31 - 90 days past due	17,087	22,544
91 - 150 days past due	8,187	7,003
Greater than 150 days past due	2,727	169
Total past due	28,001	29,716
Current	698,544	774,630
Total vacation ownership notes receivable	$726,545	$804,346

Carrying_Values_and_Estimated_

Carrying Values and Estimated Fair Values of Financial Assets and Liabilities (Detail) (USD $)	Mar. 27, 2015		Jan. 02, 2015
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	$888,193		$917,228
Debt, gross	-632,606
Mandatorily redeemable preferred stock of consolidated subsidiary, gross	-40,000		-40,000
Liability for Marriott Rewards customer loyalty program	-84,811		-89,285
Other liabilities	-59,960		-27,071
Non-Recourse Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, gross	-629,220	[1]
Other Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, gross	-3,386
Securitized Vacation Ownership Notes Receivable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	675,411		750,680
Non-Securitized Vacation Ownership Notes Receivable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	212,782		166,548
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	888,193		917,228
Mandatorily redeemable preferred stock of consolidated subsidiary, gross	-40,000		-40,000
Liability for Marriott Rewards customer loyalty program	-84,811		-89,285
Other liabilities	-4,141		-4,118
Total financial liabilities	-761,558		-844,740
Carrying Amount | Non-Recourse Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, gross	-629,220	[2]	-708,031	[2]
Carrying Amount | Other Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, gross	-3,386		-3,306
Carrying Amount | Securitized Vacation Ownership Notes Receivable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	675,411		750,680
Carrying Amount | Non-Securitized Vacation Ownership Notes Receivable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	212,782		166,548
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	1,056,187	[3]	1,081,494	[3]
Mandatorily redeemable preferred stock of consolidated subsidiary, gross	-43,624	[3]	-43,837	[3]
Liability for Marriott Rewards customer loyalty program	-74,434	[3]	-80,448	[3]
Other liabilities	-4,141	[3]	-4,118	[3]
Total financial liabilities	-760,627	[3]	-844,686	[3]
Fair Value | Non-Recourse Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, gross	-635,042	[3]	-712,977	[3]
Fair Value | Other Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, gross	-3,386	[3]	-3,306	[3]
Fair Value | Securitized Vacation Ownership Notes Receivable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	820,901	[3]	909,391	[3]
Fair Value | Non-Securitized Vacation Ownership Notes Receivable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	$235,286	[3]	$172,103	[3]
[1]	The debt associated with our vacation ownership notes receivable securitizations is non-recourse to us.
[2]	Interest rates as of March 27, 2015 range from 2.2% to 7.2% with a weighted average interest rate of 3.0%.
[3]	Fair value of financial instruments has been determined using Level 3 inputs.

Carrying_Values_and_Estimated_1

Carrying Values and Estimated Fair Values of Financial Assets and Liabilities - Non-securitized Notes Receivable (Detail) (USD $)	Mar. 27, 2015		Jan. 02, 2015
In Thousands, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	$888,193		$917,228
Non-Securitized Vacation Ownership Notes Receivable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	212,782		166,548
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	888,193		917,228
Carrying Amount | Non-Securitized Vacation Ownership Notes Receivable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	212,782		166,548
Carrying Amount | Non-Securitized Vacation Ownership Notes Receivable | Eligible for Securitization
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	88,521		24,194
Carrying Amount | Non-Securitized Vacation Ownership Notes Receivable | Not Eligible for Securitization
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	124,261		142,354
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	1,056,187	[1]	1,081,494	[1]
Fair Value | Non-Securitized Vacation Ownership Notes Receivable
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	235,286	[1]	172,103	[1]
Fair Value | Non-Securitized Vacation Ownership Notes Receivable | Eligible for Securitization
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	111,025		29,749
Fair Value | Non-Securitized Vacation Ownership Notes Receivable | Not Eligible for Securitization
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Vacation ownership notes receivable	$124,261		$142,354
[1]	Fair value of financial instruments has been determined using Level 3 inputs.

Acquisitions_and_Dispositions_

Acquisitions and Dispositions - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 27, 2015	Mar. 28, 2014	Jan. 02, 2015
Significant Acquisitions and Disposals [Line Items]
Other liabilities	$59,960,000		$27,071,000
Purchase of operating hotel	46,614,000
Capital expenditures for property and equipment (excluding inventory)	10,562,000	1,056,000
Gains and other income	887,000	1,233,000
Marco Island, Florida
Significant Acquisitions and Disposals [Line Items]
Vacation ownership inventory sold	3,100,000
Cash from disposal of property	5,400,000
Gain (loss) on disposition of business	0
Other liabilities	6,200,000
Other receivables	200,000
Marco Island, Florida | Notes Receivable
Significant Acquisitions and Disposals [Line Items]
Non cash proceeds on sale of property	500,000
San Diego, California
Significant Acquisitions and Disposals [Line Items]
Acquisition of an operating hotel	55,000,000
Cash paid for acquisition of operating hotel	55,000,000
Purchase price allocation, property and equipment	54,300,000
Purchase price allocation, other assets	700,000
Purchase of operating hotel	46,600,000
Capital expenditures for property and equipment (excluding inventory)	7,700,000
Orlando, Florida
Significant Acquisitions and Disposals [Line Items]
Cash from disposal of property		24,000,000
Gain on disposal of golf course and adjacent undeveloped land to be recorded over operating period	3,100,000
Gains and other income	$900,000	$1,200,000

Reconciliation_of_Earnings_and

Reconciliation of Earnings and Number of Shares Used in Calculation of Basic and Diluted Earnings Per Share (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 27, 2015		Mar. 28, 2014
Computation of Basic Earnings Per Share
Net income	$34,054	[1]	$19,308	[2]
Weighted average shares outstanding	32,299	[1]	34,875	[2]
Basic earnings per share	$1.05	[1]	$0.55	[2]
Computation of Diluted Earnings Per Share
Net income	$34,054	[1]	$19,308	[2]
Weighted average shares outstanding	32,299	[1]	34,875	[2]
Effect of dilutive securities
Employee stock options and SARs	473	[1]	586	[2]
Restricted stock units	237	[1]	421	[2]
Shares for diluted earnings per share	33,009	[1]	35,882	[2]
Diluted earnings per share	$1.03	[1]	$0.54	[2]
[1]	The computations of diluted earnings per share exclude approximately 203,000 shares of common stock, the maximum number of shares issuable as of March 27, 2015 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.
[2]	The computations of diluted earnings per share exclude approximately 291,000 shares of common stock, the maximum number of shares issuable as of March 28, 2014 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.

Reconciliation_of_Earnings_and1

Reconciliation of Earnings and Number of Shares Used in Calculation of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) (Performance Shares)	3 Months Ended
	Mar. 27, 2015	Mar. 28, 2014
Performance Shares
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Shares excluded from the calculation of diluted earnings per share (in shares)	203,000	291,000

Earnings_Per_Share_Additional_

Earnings Per Share - Additional Information (Detail) (Stock Appreciation Rights (SARs), USD $)	3 Months Ended
	Mar. 27, 2015	Mar. 28, 2014
Stock Appreciation Rights (SARs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share (in shares)	62,018	57,906
Stock options and SARs not included in the calculation of diluted earning per share because exercise prices exceeded market prices, exercise prices	$77.42	$52.09

Composition_of_Inventory_Detai

Composition of Inventory (Detail) (USD $)	Mar. 27, 2015		Jan. 02, 2015
In Thousands, unless otherwise specified
Inventory Disclosure [Abstract]
Finished goods	$361,237	[1]	$413,066	[1]
Land and infrastructure	358,742	[2]	355,198	[2]
Real estate inventory	719,979		768,264
Operating supplies and retail inventory	4,541		4,520
Inventory	$724,520		$772,784
[1]	Represents completed inventory that is either registered for sale as vacation ownership interests, or unregistered and available for sale in its current form.
[2]	Includes $47.5 million of sales centers that are expected to be converted into vacation ownership products to be sold in the future and $83.0 million of inventory related to estimated future foreclosures at March 27, 2015.

Composition_of_Inventory_Paren

Composition of Inventory (Parenthetical) (Detail) (USD $)	Mar. 27, 2015		Jan. 02, 2015
In Thousands, unless otherwise specified
Inventory [Line Items]
Land and infrastructure	$358,742	[1]	$355,198	[1]
Vacation Ownership
Inventory [Line Items]
Land and infrastructure	47,500
Estimated Future Foreclosures
Inventory [Line Items]
Land and infrastructure	$83,000
[1]	Includes $47.5 million of sales centers that are expected to be converted into vacation ownership products to be sold in the future and $83.0 million of inventory related to estimated future foreclosures at March 27, 2015.

Recovered_Sheet3

Contingencies and Commitments - Additional Information (Detail) (USD $)	1 Months Ended		12 Months Ended	1 Months Ended	3 Months Ended	1 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2013	Dec. 31, 2012	Jan. 02, 2015	Jun. 30, 2013	Mar. 27, 2015	31-May-14
	Plaintiff	Plaintiff	Plaintiff	Plaintiff		Facility
Commitments and Contingencies Disclosure [Line Items]
Commitments to subsidize vacation ownership associations					$4
Surety bonds issued					73.8
Letters of credit outstanding					3.3
Accrued loss contingencies					2.9
Number of plaintiffs in lawsuits	12	2
Number of residential units provided full release			2
Kapalua Bay Settlement
Commitments and Contingencies Disclosure [Line Items]
Number of plaintiffs in lawsuits				38
Project Completion Guarantee | Vacation Ownership
Commitments and Contingencies Disclosure [Line Items]
Estimated cash outflow associated with completing all phases of existing portfolio of projects					16.1
Liabilities related to projects					4.4
Project estimated completion year					2017
Revolving Credit Facility
Commitments and Contingencies Disclosure [Line Items]
Revolving credit facility amount					200
Extended Term
Commitments and Contingencies Disclosure [Line Items]
Underlying notes extended expiration year					2022
Commitment to purchase vacation ownership units located in Miami, Florida
Commitments and Contingencies Disclosure [Line Items]
Commitment to purchase vacation ownership units					75.5
Deposit made					3.8
Remaining payment contingent upon acquisition of units					67.9
Additional Payment					3.8
Commitment to purchase vacation ownership units located on the Big Island of Hawaii
Commitments and Contingencies Disclosure [Line Items]
Commitment to purchase vacation ownership units					38.5
Deposit made					1.5
Remaining payment contingent upon acquisition of units					37
Commitment to purchase vacation ownership units located on the Big Island of Hawaii | Minimum
Commitments and Contingencies Disclosure [Line Items]
Unfunded purchase commitments					45
Commitment to purchase vacation ownership units located on the Big Island of Hawaii | Maximum
Commitments and Contingencies Disclosure [Line Items]
Unfunded purchase commitments					55
Commitment to purchase vacation ownership units located in Marco Island, Florida
Commitments and Contingencies Disclosure [Line Items]
Unfunded purchase commitments					137.1
Commitment to purchase vacation ownership units due in 2017					33.3
Commitment to purchase vacation ownership units due in 2018					50
Commitment to purchase vacation ownership units due in 2019					53.8
Information technology hardware and software
Commitments and Contingencies Disclosure [Line Items]
Contractual Commitments Future Minimum Payments Due					32.6
Contractual Commitments Future Minimum Payments due in 2015					10.5
Contractual Commitments Future Minimum Payments due in 2016					8.1
Contractual Commitments Future Minimum Payments due in 2017					6
Contractual Commitments Future Minimum Payments due in 2018					2.5
Contractual Commitments Future Minimum Payments due in 2019					1.4
Contractual Commitments Future Minimum Payments due Thereafter					$4.10
Abaco Club Settlement
Commitments and Contingencies Disclosure [Line Items]
Number of plaintiffs in lawsuits				35
Resorts in Hawaii
Commitments and Contingencies Disclosure [Line Items]
Number of resort received notices of intent						2
Resorts in California
Commitments and Contingencies Disclosure [Line Items]
Number of plaintiffs in lawsuits						2
Number of resort received notices of intent						1
Resorts in Massachusetts
Commitments and Contingencies Disclosure [Line Items]
Number of resort received notices of intent						1

Maximum_Potential_Amount_of_Fu

Maximum Potential Amount of Future Fundings for Financing Guarantees and Carrying Amount of Liability for Expected Future Fundings (Detail) (Primary Obligor, USD $)	Mar. 27, 2015
In Thousands, unless otherwise specified
Guarantor Obligations [Line Items]
Maximum Potential Amount of Future Fundings	$10,299
Liability for Expected Future Fundings	266
Asia Pacific
Guarantor Obligations [Line Items]
Maximum Potential Amount of Future Fundings	7,453
Liability for Expected Future Fundings	56
North America
Guarantor Obligations [Line Items]
Maximum Potential Amount of Future Fundings	2,846
Liability for Expected Future Fundings	$210

Debt_Balances_Net_of_Unamortiz

Debt Balances, Net of Unamortized Debt Issuance Costs (Detail) (USD $)	Mar. 27, 2015		Jan. 02, 2015
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
Debt, gross	$632,606
Unamortized debt issuance costs	-1,144		-1,184
Debt, net	618,946		696,450
Carrying Amount
Debt Instrument [Line Items]
Debt, net	618,946		696,450
Non-Recourse Debt
Debt Instrument [Line Items]
Debt, gross	629,220	[1]
Non-Recourse Debt | Carrying Amount
Debt Instrument [Line Items]
Debt, gross	629,220	[2]	708,031	[2]
Unamortized debt issuance costs	-7,372		-8,089
Debt, net	621,848		699,942
Other Debt
Debt Instrument [Line Items]
Debt, gross	3,386
Other Debt | Carrying Amount
Debt Instrument [Line Items]
Debt, gross	3,386		3,306
Unamortized debt issuance costs	-6,288	[3]	-6,798	[3]
Debt, net	($2,902)		($3,492)
[1]	The debt associated with our vacation ownership notes receivable securitizations is non-recourse to us.
[2]	Interest rates as of March 27, 2015 range from 2.2% to 7.2% with a weighted average interest rate of 3.0%.
[3]	Includes $6.1 million and $6.6 million of unamortized debt issuance costs as of March 27, 2015 and January 2, 2015, respectively, related to facilities with no cash borrowings outstanding.

Debt_Balances_Net_of_Unamortiz1

Debt Balances, Net of Unamortized Debt Issuance Costs (Parenthetical) (Detail) (USD $)	Mar. 27, 2015	Jan. 02, 2015
Debt Instrument [Line Items]
Unamortized debt issuance costs	$1,144,000	$1,184,000
Non-Recourse Debt
Debt Instrument [Line Items]
Debt, weighted average interest rate	3.00%
Warehouse and Revolving Corporate Credit Facilities
Debt Instrument [Line Items]
Unamortized debt issuance costs	6,100,000	6,600,000
Cash borrowings outstanding	$0	$0
Minimum | Non-Recourse Debt
Debt Instrument [Line Items]
Debt, stated interest rate	2.20%
Maximum | Non-Recourse Debt
Debt Instrument [Line Items]
Debt, stated interest rate	7.20%

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 27, 2015	Mar. 28, 2014
	Loan
Debt Disclosure [Line Items]
Cash paid for interest, net of amounts capitalized	$6,600,000	$6,200,000
Number of notes receivable pools failed to perform within the established parameters	0
Number of notes receivable pools outstanding	7
Amendment
Debt Disclosure [Line Items]
Warehouse Credit Facility, debt description	The Warehouse Credit Facility currently terminates on September 15, 2016 and if not renewed, any amounts outstanding thereunder would become due and payable 13 months after termination, at which time all principal and interest collected with respect to the vacation ownership notes receivable held in the Warehouse Credit Facility would be redirected to the lenders to pay down the outstanding debt under the facility.
Revolving Credit Facility
Debt Disclosure [Line Items]
Amount borrowed under revolving corporate credit facility	0
Warehouse Credit Facility | Amendment
Debt Disclosure [Line Items]
Amount borrowed under revolving corporate credit facility	$0

Scheduled_Future_Principal_Pay

Scheduled Future Principal Payments for Debt (Detail) (USD $)	Mar. 27, 2015
In Thousands, unless otherwise specified
Debt Principal Payments Year
2015	$77,448
2016	95,016
2017	72,922
2018	68,420
2019	68,446
Thereafter	250,354
Debt, gross	632,606
Non-Recourse Debt
Debt Principal Payments Year
2015	77,421	[1]
2016	94,960	[1]
2017	72,861	[1]
2018	68,355	[1]
2019	68,376	[1]
Thereafter	247,247	[1]
Debt, gross	629,220	[1]
Other Debt
Debt Principal Payments Year
2015	27
2016	56
2017	61
2018	65
2019	70
Thereafter	3,107
Debt, gross	$3,386
[1]	The debt associated with our vacation ownership notes receivable securitizations is non-recourse to us.

Recovered_Sheet4

Mandatorily Redeemable Preferred Stock Of Consolidated Subsidiary - Additional Information (Detail) (Series A Preferred Stock, Non-voting, USD $)	1 Months Ended	3 Months Ended
In Millions, except Share data, unless otherwise specified	Oct. 31, 2011	Mar. 27, 2015
Series A Preferred Stock | Non-voting
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Series A preferred stock issued value	$40
Preferred stock dividend payment terms		Subsequently Marriott International sold all of this preferred stock to third-party investors. Until October 2016, the Series A preferred stock will pay an annual cash dividend equal to the five-year U.S. Treasury Rate as of October 19, 2011, plus a spread of 10.958 percent, for a total annual cash dividend rate of 12 percent. If we do not elect to redeem the preferred stock in October 2016, the annual cash dividend rate will be reset to the five-year U.S. Treasury Rate in effect on such date plus the same 10.958 percent spread.
Series A preferred stock, basic point	10.96%
Series A preferred stock, dividend rate	12.00%
Preferred Stock Redemption Terms		The Series A preferred stock is mandatorily redeemable by MVW US Holdings upon the tenth anniversary of the date of issuance but can be redeemed at our option after five years (i.e., beginning in October 2016) at par. The Series A preferred stock has an aggregate liquidation preference of $40.0 million plus any accrued and unpaid dividends and an additional premium if liquidation occurs during the first five years after the issuance of the preferred stock.
Series A preferred stock, aggregate liquidation preference value	$40
Series A preferred stock, share authorized		1,000
Series A preferred stock, share issued		40
Series A preferred stock, share outstanding		40

Recovered_Sheet5

Mandatorily Redeemable Preferred Stock, Net of Unamortized Debt Issuance Costs (Detail) (USD $)	Mar. 27, 2015	Jan. 02, 2015
In Thousands, unless otherwise specified
Equity [Abstract]
Mandatorily redeemable preferred stock of consolidated subsidiary, gross	$40,000	$40,000
Unamortized debt issuance costs	-1,144	-1,184
Mandatorily redeemable preferred stock of consolidated subsidiary, net	$38,856	$38,816

Shareholders_Equity_Additional

Shareholders' Equity - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended		0 Months Ended
In Thousands, except Share data, unless otherwise specified	Feb. 12, 2015	Mar. 27, 2015	Mar. 28, 2014	Mar. 20, 2015	Jan. 02, 2015
Stockholders' Equity [Line Items]
Common stock, shares authorized		100,000,000			100,000,000
Common stock, par value		$0.01			$0.01
Common stock, shares issued		36,333,814			36,089,513
Common stock, shares outstanding		31,731,556			32,092,788
Treasury stock, shares		4,602,258			3,996,725
Preferred stock, shares authorized		2,000,000			2,000,000
Preferred stock, par value		$0.01			$0.01
Preferred stock, issued		0			0
Preferred stock, outstanding		0			0
Repurchase of common stock		$51,281	$37,436
Treasury stock value		277,629			229,229
Additional paid-in capital		1,128,615			1,137,785
Total cost of shares repurchased		51,281
Shares remained available for repurchase under the program		2,300,000
Dividend declared, per share	$0.25	$0.25
Dividend declared, record date	26-Feb-15
Accelerated Share Repurchase Program
Stockholders' Equity [Line Items]
Repurchase of common stock				30,000
Number of shares of common stock repurchased				327,782
Treasury stock value		27,100
Additional paid-in capital		2,900
Maximum number of additional shares deliverable under ASR		72,841
Excluding ASR
Stockholders' Equity [Line Items]
Number of shares of common stock repurchased		277,751
Average price repurchased per share		$76.62
Total cost of shares repurchased		$21,300

Changes_in_Shareholders_Equity

Changes in Shareholder's Equity (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015		Mar. 28, 2014
Stockholders Equity Note [Line Items]
Beginning Balance	$1,079,703
Net income	34,054	[1]	19,308	[2]
Foreign currency translation adjustments	-5,602		6
Amounts related to share-based compensation	-6,279
Adjustment to reclassification of Marriott International investment to Additional paid-in capital	-8
Repurchase of common stock	-51,281
Dividends	-8,081
Ending Balance	1,042,506
Common Stock
Stockholders Equity Note [Line Items]
Beginning Balance	361
Amounts related to share-based compensation	2
Ending Balance	363
Treasury Stock
Stockholders Equity Note [Line Items]
Beginning Balance	-229,229
Repurchase of common stock	-48,400
Ending Balance	-277,629
Additional Paid-In Capital
Stockholders Equity Note [Line Items]
Beginning Balance	1,137,785
Amounts related to share-based compensation	-6,281
Adjustment to reclassification of Marriott International investment to Additional paid-in capital	-8
Repurchase of common stock	-2,881
Ending Balance	1,128,615
Accumulated Other Comprehensive Income
Stockholders Equity Note [Line Items]
Beginning Balance	17,054
Foreign currency translation adjustments	-5,602
Ending Balance	11,452
Retained (Deficit) Earnings
Stockholders Equity Note [Line Items]
Beginning Balance	153,732
Net income	34,054
Dividends	-8,081
Ending Balance	$179,705
[1]	The computations of diluted earnings per share exclude approximately 203,000 shares of common stock, the maximum number of shares issuable as of March 27, 2015 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.
[2]	The computations of diluted earnings per share exclude approximately 291,000 shares of common stock, the maximum number of shares issuable as of March 28, 2014 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.

ShareBased_Compensation_Additi

Share-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 27, 2015	Mar. 28, 2014	Jan. 02, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation costs related to unvested awards	$23.40		$12.20
Expected annual dividend per share	$1
Officers and Key Management Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$2.60	$2.30
Marriott Vacations Worldwide Stock and Cash Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under the plan	6,000,000
Shares available for grants under the plan	1,700,000
Restricted stock units | Employees and Non Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, grants in period	118,189
Stock awards granted, weighted average grant date fair value	$77.43
Restricted stock units | Employee | Employees and Non Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, vesting period	4 years
Performance Based Restricted Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, vesting period	3 years	3 years
Maximum amount of RSU subject to vesting	74,000	62,000
Stock Appreciation Rights (SARs) | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, grants in period	62,018
Stock awards granted, weighted average grant date fair value	$29.75
Stock awards, vesting period	4 years
Stock awards, expiration from grant date	10 years
Stock awards, weighted average exercise price	$77.42

Assumptions_Used_to_Estimate_F

Assumptions Used to Estimate Fair Value of Grants (Detail)	3 Months Ended
	Mar. 27, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility	42.74%
Dividend yield	1.26%
Risk-free rate	1.74%
Expected term (in years)	6 years 3 months

Classifications_of_Consolidate

Classifications of Consolidated VIE Assets and Liabilities (Detail) (USD $)	Mar. 27, 2015
In Thousands, unless otherwise specified
Variable Interest Entity [Line Items]
VIE Assets	$708,853
VIE Liabilities	629,772
Non-Recourse Debt
Variable Interest Entity [Line Items]
VIE Liabilities	629,220
Vacation Ownership Notes Receivable
Variable Interest Entity [Line Items]
VIE Assets	675,411
Interest Receivable
Variable Interest Entity [Line Items]
VIE Assets	4,132
Restricted Cash
Variable Interest Entity [Line Items]
VIE Assets	29,310
Interest Payable
Variable Interest Entity [Line Items]
VIE Liabilities	552
Vacation Ownership Notes Receivable Securitizations
Variable Interest Entity [Line Items]
VIE Assets	708,853
VIE Liabilities	629,741
Vacation Ownership Notes Receivable Securitizations | Non-Recourse Debt
Variable Interest Entity [Line Items]
VIE Liabilities	629,220
Vacation Ownership Notes Receivable Securitizations | Vacation Ownership Notes Receivable
Variable Interest Entity [Line Items]
VIE Assets	675,411
Vacation Ownership Notes Receivable Securitizations | Interest Receivable
Variable Interest Entity [Line Items]
VIE Assets	4,132
Vacation Ownership Notes Receivable Securitizations | Restricted Cash
Variable Interest Entity [Line Items]
VIE Assets	29,310
Vacation Ownership Notes Receivable Securitizations | Interest Payable
Variable Interest Entity [Line Items]
VIE Liabilities	521
Warehouse Credit Facility
Variable Interest Entity [Line Items]
VIE Liabilities	31
Warehouse Credit Facility | Interest Payable
Variable Interest Entity [Line Items]
VIE Liabilities	$31

Variable_Interest_Entities_Add

Variable Interest Entities - Additional Information (Detail) (USD $)	3 Months Ended	0 Months Ended
	Mar. 27, 2015	Jun. 13, 2013	Jan. 02, 2015
Variable Interest Entity [Line Items]
Noncontrolling interest	$0
Aggregate funding that could be required above the overcollateralization	15,000,000
Vacation ownership notes receivable	888,193,000		917,228,000
Variable Interest Entity
Variable Interest Entity [Line Items]
Maximum Loss Exposure, Determination Methodology	Our maximum exposure to loss relating to the special purpose entities that purchase, sell and own these vacation ownership notes receivable is the overcollateralization amount (the difference between the loan collateral balance and the balance on the outstanding vacation ownership notes receivable), plus cash reserves and any residual interest in future cash flows from collateral.
Vacation ownership notes receivable	675,411,000		750,680,000
Variable Interest Entity, Not Primary Beneficiary | Equity Investment And Loan Receivable
Variable Interest Entity [Line Items]
Maximum Loss Exposure, Determination Methodology	We have an accrual of $4.0 million for potential future funding obligations, representing our remaining expected exposure to loss related to our involvement with the Joint Venture exclusive of any future costs that may be incurred pursuant to outstanding litigation matters, including those discussed in Footnote No. 8, "Contingencies and Commitments."
Vacation ownership notes receivable	0
Notes receivable due from the entity		7,400,000
Increase in litigation matters cost expected to be incurred in joint venture interest	$4,000,000
Minimum
Variable Interest Entity [Line Items]
Limit to repurchasing defaulted mortgage notes at the outstanding principal balance	15.00%
Maximum
Variable Interest Entity [Line Items]
Limit to repurchasing defaulted mortgage notes at the outstanding principal balance	20.00%

Interest_Income_and_Expense_Re

Interest Income and Expense Recognized as a Result of Our Involvement with Variable Interest Entities (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015	Mar. 28, 2014
Variable Interest Entity [Line Items]
Interest income	$27,567	$29,132
Debt issuance cost amortization	1,267	1,369
Administrative expenses	22,777	21,828
Variable Interest Entity
Variable Interest Entity [Line Items]
Interest income	22,074
Interest expense to investors	5,019
Debt issuance cost amortization	1,002
Administrative expenses	149
Variable Interest Entity | Vacation Ownership Notes Receivable Securitizations
Variable Interest Entity [Line Items]
Interest income	22,074
Interest expense to investors	4,706
Debt issuance cost amortization	717
Administrative expenses	107
Variable Interest Entity | Warehouse Credit Facility
Variable Interest Entity [Line Items]
Interest expense to investors	313
Debt issuance cost amortization	285
Administrative expenses	$42

Cash_Flows_Between_Company_and

Cash Flows Between Company and Variable Interest Entities (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015	Mar. 28, 2014
Vacation Ownership Notes Receivable Securitizations
Cash inflows (outflows):
Principal receipts	$48,608	$46,195
Interest receipts	22,933	22,292
Reserve release	1,425	1,538
Total	72,966	70,025
Principal to investors	-48,054	-47,161
Voluntary repurchases of defaulted vacation ownership notes receivable	-6,031	-6,906
Voluntary clean-up call	-24,726	-26,722
Interest to investors	-5,219	-5,865
Total	-84,030	-86,654
Net Cash Flows	-11,064	-16,629
Warehouse Credit Facility
Cash inflows (outflows):
Interest to investors	-336	-375
Total	-336	-375
Net Cash Flows	($336)	($375)

Business_Segments_Additional_I

Business Segments - Additional Information (Detail)	3 Months Ended
	Mar. 27, 2015
	Segment
Segment Reporting [Abstract]
Number of business segments	3

Revenues_Detail

Revenues (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015	Mar. 28, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	$454,880	$401,947
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	454,880	401,947
Operating Segments | North America
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	391,928	366,329
Operating Segments | Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	21,587	24,471
Operating Segments | Asia Pacific
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue	$41,365	$11,147

Net_Income_Detail

Net Income (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 27, 2015		Mar. 28, 2014
Segment Reporting, Reconciliation of Net Income (Loss) Segment to Consolidated [Line Items]
Segment financial results	$57,343		$32,071
Provision for income taxes	-23,289		-12,763
Net income (loss)	34,054	[1]	19,308	[2]
Corporate and Other
Segment Reporting, Reconciliation of Net Income (Loss) Segment to Consolidated [Line Items]
Segment financial results	-49,850		-50,478
Operating Segments
Segment Reporting, Reconciliation of Net Income (Loss) Segment to Consolidated [Line Items]
Segment financial results	107,193		82,549
Operating Segments | North America
Segment Reporting, Reconciliation of Net Income (Loss) Segment to Consolidated [Line Items]
Segment financial results	97,736		79,655
Operating Segments | Europe
Segment Reporting, Reconciliation of Net Income (Loss) Segment to Consolidated [Line Items]
Segment financial results	14		1,402
Operating Segments | Asia Pacific
Segment Reporting, Reconciliation of Net Income (Loss) Segment to Consolidated [Line Items]
Segment financial results	$9,443		$1,492
[1]	The computations of diluted earnings per share exclude approximately 203,000 shares of common stock, the maximum number of shares issuable as of March 27, 2015 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.
[2]	The computations of diluted earnings per share exclude approximately 291,000 shares of common stock, the maximum number of shares issuable as of March 28, 2014 upon the vesting of certain performance-based awards, because the performance conditions required for the shares subject to such awards to vest were not achieved by the end of the reporting period.

Assets_Detail

Assets (Detail) (USD $)	Mar. 27, 2015	Jan. 02, 2015
In Thousands, unless otherwise specified
Segment Reporting Information [Line Items]
Total Assets	$2,388,869	$2,524,016
Corporate and Other
Segment Reporting Information [Line Items]
Total Assets	324,105	472,105
Operating Segments
Segment Reporting Information [Line Items]
Total Assets	2,064,764	2,051,911
Operating Segments | North America
Segment Reporting Information [Line Items]
Total Assets	1,913,448	1,877,575
Operating Segments | Europe
Segment Reporting Information [Line Items]
Total Assets	84,472	88,867
Operating Segments | Asia Pacific
Segment Reporting Information [Line Items]
Total Assets	$66,844	$85,469