INTERIM CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 660	$ 287
Restricted cash (including $69 and $64 from VIEs, respectively)	368	414
Accounts receivable, net (including $12 and $13 from VIEs, respectively)	272	323
Vacation ownership notes receivable, net (including $1,650 and $1,750 from VIEs, respectively)	1,913	2,233
Inventory	761	859
Property and equipment, net	809	718
Goodwill	2,817	2,892
Intangibles, net	963	1,027
Other (including $45 and $39 from VIEs, respectively)	448	461
TOTAL ASSETS	9,011	9,214
LIABILITIES AND EQUITY
Accounts payable	143	286
Advance deposits	154	187
Accrued liabilities (including $2 and $2 from VIEs, respectively)	320	397
Deferred revenue	488	433
Payroll and benefits liability	185	186
Deferred compensation liability	117	110
Securitized debt, net (including $1,769 and $1,871 from VIEs, respectively)	1,751	1,871
Debt, net	2,680	2,216
Other	184	197
Deferred taxes	306	300
TOTAL LIABILITIES	6,328	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; 75,250,627 and 75,020,272 shares issued, respectively	1	1
Treasury stock — at cost; 34,187,868 and 33,438,176 shares, respectively	(1,334)	(1,253)
Additional paid-in capital	3,749	3,738
Accumulated other comprehensive loss	(67)	(36)
Retained earnings	309	569
TOTAL MVW SHAREHOLDERS' EQUITY	2,658	3,019
Noncontrolling interests	25	12
TOTAL EQUITY	2,683	3,031
TOTAL LIABILITIES AND EQUITY	$ 9,011	$ 9,214