Consolidated Balance Sheets (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Assets
Cash and cash equivalents	$ 175	$ 156
Trade receivables, net	366	425
Vacation ownership contract receivables, net	294	295
Inventory	337	348
Prepaid expenses	104	104
Deferred income taxes	168	179
Other current assets	230	245
Total current assets	1,674	1,752
Long-term vacation ownership contract receivables, net	2,568	2,687
Non-current inventory	771	833
Property and equipment, net	1,088	1,041
Goodwill	1,483	1,481
Trademarks, net	731	731
Franchise agreements and other intangibles, net	434	440
Other non-current assets	273	451
Total assets	9,022	9,416
Liabilities and Stockholders' Equity
Securitized vacation ownership debt	179	223
Current portion of long-term debt	37	11
Accounts payable	221	274
Deferred income	390	401
Due to former Parent and subsidiaries	19	47
Accrued expenses and other current liabilities	690	619
Total current liabilities	1,536	1,575
Long-term securitized vacation ownership debt	1,551	1,427
Long-term debt	2,062	2,083
Deferred income taxes	1,076	1,021
Deferred income	187	206
Due to former Parent and subsidiaries	28	30
Other non-current liabilities	163	157
Total liabilities	6,603	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 212,207,966 shares in 2011 and 209,943,159 shares in 2010	2	2
Treasury stock, at cost - 58,562,543 shares in 2011 and 36,555,242 shares in 2010	(1,784)	(1,107)
Additional paid-in capital	3,808	3,892
Retained earnings/(accumulated deficit)	260	(25)
Accumulated other comprehensive income	133	155
Total stockholders' equity	2,419	2,917
Total liabilities and stockholders' equity	$ 9,022	$ 9,416