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DEBT (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Debt balances, net of unamortized debt issuance costs
The following table provides detail on our debt balances, net of unamortized debt discount and issuance costs.
($ in millions)
At March 31, 2020
 
At December 31, 2019
Senior Unsecured Notes
 
 
 
 
2026 Notes
$
750

 
$
750

 
Unamortized debt issuance costs
(7
)
 
(8
)
 
 
743

 
742

 
 
 
 
 
 
2028 Notes
350

 
350

 
Unamortized debt discount and issuance costs
(5
)
 
(5
)
 
 
345

 
345

 
 
 
 
 
Corporate Credit Facility
 
 
 
 
Term Loan
891

 
893

 
Unamortized debt discount and issuance costs
(12
)
 
(12
)
 
 
879

 
881

 
 
 
 
 
 
Revolving Corporate Credit Facility
596

 
30

 
Unamortized debt issuance costs
(3
)
 
(3
)
 
 
593

 
27

 
 
 
 
 
Convertible Notes
230

 
230

Unamortized debt discount and issuance costs
(21
)
 
(23
)
 
 
209

 
207

 
 
 
 
 
Finance leases
9

 
14

 
 
$
2,778

 
$
2,216
Scheduled future principal payments for debt
The following table shows scheduled future principal payments for our securitized debt as of March 31, 2020.
 
Vacation Ownership
Notes Receivable Securitizations
 
Warehouse
Credit
Facility
 
Other
 
Total
($ in millions)
 
 
 
Payments Year
 
 
 
 
 
 
 
2020, remaining
$
133

 
$
8

 
$
1

 
$
142

2021
180

 
12

 
2

 
194

2022
183

 
14

 
2

 
199

2023
186

 
185

 
2

 
373

2024
186

 
—

 
3

 
189

Thereafter
838

 
—

 
9

 
847

 
$
1,706

 
$
219

 
$
19

 
$
1,944


The following table shows scheduled future principal payments for our debt, excluding finance leases, as of March 31, 2020.
($ in millions)
2026 Notes
 
2028 Notes
 
Term Loan
 
Revolving Corporate Credit Facility
 
Convertible Notes
 
Total
Payments Year
 
 
 
 
 
 
 
 
 
 
 
2020, remaining
$
—

 
$
—

 
$
7

 
$
—

 
$
—

 
$
7

2021
—

 
—

 
9

 
—

 
—

 
9

2022
—

 
—

 
9

 
—

 
230

 
239

2023
—

 
—

 
9

 
596

 
—

 
605

2024
—

 
—

 
9

 
—

 
—

 
9

Thereafter
750

 
350

 
848

 
—

 
—

 
1,948

 
$
750

 
$
350

 
$
891

 
$
596

 
$
230

 
$
2,817
Schedule of cash flow hedges included in accumulated other comprehensive income (loss)
The following table reflects the activity in accumulated other comprehensive loss related to our derivative instruments:
 
Three Months Ended
($ in millions)
March 31, 2020
 
March 31, 2019
Derivative instrument adjustment balance, beginning of period
$
(21
)
 
$
(6
)
Other comprehensive loss before reclassifications
(24
)
 
(3
)
Reclassification to Income Statement
—

 
—

Net other comprehensive loss
(24
)
 
(3
)
Derivative instrument adjustment balance, end of period
$
(45
)
 
$
(9
)
Convertible debt
The following table shows the net carrying value of the Convertible Notes.
($ in millions)
At March 31, 2020
 
At December 31, 2019
Liability component
 
 
 
Principal amount
$
230

 
$
230

Unamortized debt discount
(18
)
 
(20
)
Unamortized debt issuance costs
(3
)
 
(3
)
Net carrying amount of the liability component
$
209

 
$
207

 
 
 
 
Carrying amount of equity component, net of issuance costs
$
33

 
$
33

The following table shows interest expense information related to the Convertible Notes.
 
Three Months Ended
($ in millions)
March 31, 2020
 
March 31, 2019
Contractual interest expense
$
1

 
$
1

Amortization of debt discount
2

 
2

Amortization of debt issuance costs
—

 
—

 
$
3

 
$
3