Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 514	$ 432
Restricted cash	303	263
Accounts receivable, net of allowance for doubtful accounts of $46 and $39	447	302
Timeshare financing receivables, net	1,718	1,747
Inventory	1,215	1,240
Property and equipment, net	754	756
Operating lease right-of-use assets, net	65	70
Investments in unconsolidated affiliates	62	59
Goodwill	1,351	1,377
Intangible assets, net	1,400	1,441
Land and infrastructure held for sale	41	41
Other assets	572	280
TOTAL ASSETS (variable interest entities - $973 and $1,100)	8,442	8,008
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other	964	673
Advanced deposits	126	112
Debt, net	2,913	2,913
Non-recourse debt, net	1,203	1,328
Operating lease liabilities	85	87
Deferred revenues	395	237
Deferred income tax liabilities	691	670
Total liabilities (variable interest entities - $1,047 and $1,199)	6,377	6,020
Commitments and contingencies - see Note 21
Equity:
Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of March 31, 2022 and December 31, 2021	0	0
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 120,258,347 shares issued and outstanding as of March 31, 2022 and 119,904,001 shares issued and outstanding as of December 31, 2021	1	1
Additional paid-in capital	1,634	1,630
Accumulated retained earnings	408	357
Accumulated other comprehensive income	22	0
Total equity	2,065	1,988
TOTAL LIABILITIES AND EQUITY	$ 8,442	$ 8,008