SECURITIZED DEBT (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of securitized vacation ownership debt

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


($ in millions)	At September 30, 2020		At December 31, 2019
Vacation ownership notes receivable securitizations, gross(1)	$	1,769	$	1,850
Unamortized debt discount and issuance costs	(18)		(18)
	1,751		1,832

Warehouse Credit Facility, gross	—		21
Unamortized debt issuance costs(2)	—		(2)
	—		19

Other	—		20
	$	1,751	$	1,871

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(1)Interest rates as of September 30, 2020 range from 2.2% to 4.4%, with a weighted average interest rate of 2.7%

(2)Excludes $1 million of unamortized debt issuance costs as of September 30, 2020, as no cash borrowings were outstanding on the Warehouse Credit Facility at that time

Scheduled future principal payments for debt

The following table shows scheduled future principal payments for our securitized debt as of September 30, 2020.


	Vacation Ownership Notes Receivable Securitizations
($ in millions)
Payments Year
2020, remaining	$	46
2021	178
2022	184
2023	189
2024	191
Thereafter	981
	$	1,769

The following table shows scheduled future principal payments for our debt, excluding finance leases, as of September 30, 2020.


($ in millions)	2025 Notes		2026 Notes		2028 Notes		Term Loan		Convertible Notes		Total
Payments Year
2020, remaining	$	—	$	—	$	—	$	2	$	—	$	2
2021	—		—		—		9		—		9
2022	—		—		—		9		230		239
2023	—		—		—		9		—		9
2024	—		—		—		9		—		9
Thereafter	500		750		350		849		—		2,449
	$	500	$	750	$	350	$	887	$	230	$	2,717