Consolidated Balance Sheets (USD $) In Millions	Jun. 30, 2011	Dec. 31, 2010
Assets
Cash and cash equivalents	$ 296	$ 156
Trade receivables, net	390	425
Vacation ownership contract receivables, net	297	295
Inventory	344	348
Prepaid expenses	118	104
Deferred income taxes	172	179
Other current assets	286	245
Total current assets	1,903	1,752
Long-term vacation ownership contract receivables, net	2,601	2,687
Non-current inventory	777	833
Property and equipment, net	1,106	1,041
Goodwill	1,500	1,481
Trademarks, net	735	731
Franchise agreements and other intangibles, net	431	440
Other non-current assets	276	451
Total assets	9,329	9,416
Liabilities and Stockholders' Equity
Securitized vacation ownership debt	190	223
Current portion of long-term debt	43	11
Accounts payable	385	274
Deferred income	486	401
Due to former Parent and subsidiaries	27	47
Accrued expenses and other current liabilities	619	619
Total current liabilities	1,750	1,575
Long-term securitized vacation ownership debt	1,498	1,427
Long-term debt	2,001	2,083
Deferred income taxes	1,083	1,021
Deferred income	194	206
Due to former Parent and subsidiaries	28	30
Other non-current liabilities	161	157
Total liabilities	6,715	6,499
Commitments and contingencies (Note 11)
Stockholders' equity:
Preferred stock, $.01 par value, authorized 6,000,000 shares, none issued and outstanding
Common stock, $.01 par value, authorized 600,000,000 shares, issued 212,148,150 shares in 2011 and 209,943,159 shares in 2010	2	2
Treasury stock, at cost - 48,359,379 shares in 2011 and 36,555,242 shares in 2010	(1,480)	(1,107)
Additional paid-in capital	3,798	3,892
Retained earnings/(accumulated deficit)	109	(25)
Accumulated other comprehensive income	185	155
Total stockholders' equity	2,614	2,917
Total liabilities and stockholders' equity	$ 9,329	$ 9,416