SECURITIZED DEBT (Tables)

9 Months Ended

Sep. 30, 2019

The following table provides detail on our securitized debt, net of unamortized debt issuance costs.



($ in millions)	At September 30, 2019			At December 31, 2018
Vacation ownership notes receivable securitizations, gross⁽¹⁾	$	1,624		$	1,590
Unamortized debt discount and issuance costs	(14		)	(11		)
	1,610			1,579

Warehouse Credit Facility, gross⁽²⁾	56			116
Unamortized debt issuance costs	—			(1		)
	56			115

Other⁽³⁾	20			20
	$	1,686		$	1,714

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⁽¹⁾	Interest rates as of September 30, 2019 range from 2.2% to 6.3%, with a weighted average interest rate of 2.9%


⁽²⁾	Effective interest rate as of September 30, 2019 was 3.3%

⁽³⁾

Non-recourse

The following table shows scheduled future principal payments for our securitized debt as of September 30, 2019.



	Vacation Ownership Notes Receivable Securitizations		Warehouse Credit Facility		Other		Total
($ in millions)	Vacation Ownership Notes Receivable Securitizations		Warehouse Credit Facility		Other		Total
Payments Year
2019, remaining	$	60	$	1	$	—	$	61
2020	208		3		2		213
2021	190		52		3		245
2022	183		—		2		185
2023	176		—		3		179
Thereafter	807		—		10		817
	$	1,624	$	56	$	20	$	1,700

The following table shows scheduled future principal payments for our debt, excluding finance leases, as of September 30, 2019.



	Payments Year
($ in millions)	Remaining 2019		2020		2021		2022		2023		Thereafter		Total
Exchange Notes	$	—	$	—	$	—	$	—	$	89	$	—	$	89
Senior Unsecured Notes	—		—		—		—		—		750		750
IAC Notes	—		—		—		—		142		—		142
Term Loan	2		9		9		9		9		855		893
Revolving Corporate Credit Facility	—		—		—		—		225		—		225
Convertible Notes	—		—		—		230		—		—		230
	$	2	$	9	$	9	$	239	$	465	$	1,605	$	2,329