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FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2020
Investments, All Other Investments [Abstract]  
Carrying values and estimated fair values of financial assets and liabilities
The following table shows the carrying values and the estimated fair values of financial assets and liabilities that qualify as financial instruments, determined in accordance with the authoritative guidance for disclosures regarding the fair value of financial instruments. Considerable judgment is required in interpreting market data to develop estimates of fair value. The use of different market assumptions and/or estimation methodologies could have a material effect on the estimated fair value amounts. The table excludes Cash and cash equivalents, Restricted cash, Accounts receivable, Accounts payable, Advance deposits and Accrued liabilities, all of which had fair values approximating their carrying amounts due to the short maturities and liquidity of these instruments.
At September 30, 2020At December 31, 2019
($ in millions)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Vacation ownership notes receivable$1,913 $1,951 $2,233 $2,264 
Other assets51 51 45 45 
Total financial assets$1,964 $2,002 $2,278 $2,309 
Securitized debt, net$(1,751)$(1,811)$(1,871)$(1,924)
2025 Notes, net(493)(517)— — 
2026 Notes, net(743)(767)(742)(824)
2028 Notes, net(346)(333)(345)(358)
Term Loan, net(876)(846)(881)(899)
Revolving Corporate Credit Facility, net— — (27)(27)
Convertible Notes, net(213)(227)(207)(247)
Total financial liabilities$(4,422)$(4,501)$(4,073)$(4,279)
Vacation Ownership Notes Receivable
At September 30, 2020At December 31, 2019
($ in millions)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Vacation ownership notes receivable
Securitized$1,650 $1,684 $1,750 $1,771 
Eligible for securitization54 58 165 175 
Not eligible for securitization209 209 318 318 
Non-securitized263 267 483 493 
$1,913 $1,951 $2,233 $2,264