Restricted Cash (Tables)

6 Months Ended

Jun. 30, 2021

Cash And Cash Equivalents [Abstract]

Schedule of Restricted Cash

Restricted cash was as follows:

	June 30,		December 31,
($ in millions)	2021		2020
Escrow deposits on VOI sales	$	85	$	69
Reserves related to non-recourse debt(1)		27		29
Escrow deposits for recourse debt(2)		1,350		—
	$	1,462	$	98

(1) See Note 11: Debt & Non-recourse Debt for further discussion.

(2) In June 2021, we entered into indentures in connection with the issuance of senior notes relating to the recently announced Agreement and Plan of Merger, as amended ("Merger Agreement") with Dakota Holdings, Inc. ("Diamond"). The gross proceeds of the offerings were deposited and will be held in an escrow account until the date that certain escrow conditions are satisfied, which are substantially upon closing of the Merger. See Note 11: Debt & Non-recourse Debt and Note 20: Planned Acquisition for further discussion.