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SECURITIZED DEBT (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
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 December 31, 2021At December 31, 2020
Vacation ownership notes receivable securitizations, gross(1)
$1,877 $1,604 
Unamortized debt discount and issuance costs(21)(16)
$1,856 $1,588 
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(1)Interest rates as of December 31, 2021 range from 1.5% to 4.4%, with a weighted average interest rate of 2.3%
Scheduled future principal payments for debt
The following table shows scheduled future principal payments for our securitized debt as of December 31, 2021.
Vacation Ownership Notes Receivable Securitizations
($ in millions)
Payments Year
2022$191 
2023196 
2024200 
2025199 
2026199 
Thereafter892 
$1,877 
The following table shows scheduled future principal payments for our debt, excluding finance leases, as of December 31, 2021.
($ in millions)2025 Notes2028 Notes2029 NotesTerm Loan2022 Convertible Notes2026 Convertible NotesTotal
Payments Year
2022$— $— $— $— $230 $— $230 
2023— — — — — — — 
2024— — — — — — — 
2025250 — — 784 — — 1,034 
2026— — — — — 575 575 
Thereafter— 350 500 — — — 850 
$250 $350 $500 $784 $230 $575 $2,689