INTERIM CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 566	$ 287
Restricted cash (including $73 and $64 from VIEs, respectively)	341	414
Accounts receivable, net (including $14 and $13 from VIEs, respectively)	287	323
Vacation ownership notes receivable, net (including $1,797 and $1,750 from VIEs, respectively)	2,014	2,233
Inventory	771	859
Property and equipment, net	835	718
Goodwill	2,817	2,892
Intangibles, net	977	1,027
Other (including $42 and $39 from VIEs, respectively)	509	461
TOTAL ASSETS	9,117	9,214
LIABILITIES AND EQUITY
Accounts payable	151	286
Advance deposits	153	187
Accrued liabilities (including $2 and $2 from VIEs, respectively)	317	397
Deferred revenue	470	433
Payroll and benefits liability	153	186
Deferred compensation liability	112	110
Securitized debt, net (including $1,886 and $1,871 from VIEs, respectively)	1,887	1,871
Debt, net	2,680	2,216
Other	185	197
Deferred taxes	289	300
TOTAL LIABILITIES	6,397	6,183
Commitments and contingencies
Preferred stock — $0.01 par value; 2,000,000 shares authorized; none issued or outstanding	0	0
Common stock — $0.01 par value; 100,000,000 shares authorized; 75,249,855 and 75,020,272 shares issued, respectively	1	1
Treasury stock — at cost; 34,192,119 and 33,438,176 shares, respectively	(1,334)	(1,253)
Additional paid-in capital	3,736	3,738
Accumulated other comprehensive loss	(75)	(36)
Retained earnings	371	569
TOTAL MVW SHAREHOLDERS' EQUITY	2,699	3,019
Noncontrolling interests	21	12
TOTAL EQUITY	2,720	3,031
TOTAL LIABILITIES AND EQUITY	$ 9,117	$ 9,214
Preferred stock, outstanding (in shares)	0	0
Preferred stock, issued (in shares)	0	0
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000