Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 318	$ 428
Restricted cash	1,462	98
Accounts receivable, net of allowance for doubtful accounts of $19 and $20	220	119
Timeshare financing receivables, net	927	974
Inventory	730	702
Property and equipment, net	508	501
Operating lease right-of-use assets, net	45	52
Investments in unconsolidated affiliates	57	51
Intangible assets, net	80	81
Land and infrastructure held for sale	41	41
Other assets	119	87
TOTAL ASSETS (variable interest entities - $686 and $800)	4,507	3,134
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other	335	252
Advanced deposits	117	117
Debt, net	2,431	1,159
Non-recourse debt, net	650	766
Operating lease liabilities	59	67
Deferred revenues	372	262
Deferred income tax liabilities	147	137
Total liabilities (variable interest entities - $654 and $771)	4,111	2,760
Equity:
Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of June 30, 2021 and December 31, 2020
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 85,537,477 shares issued and outstanding as of June 30, 2021 and 85,205,012 shares issued and outstanding as of December 31, 2020	1	1
Additional paid-in capital	212	192
Accumulated retained earnings	183	181
Total equity	396	374
TOTAL LIABILITIES AND EQUITY	$ 4,507	$ 3,134