Condensed Consolidated Statements of Cash Flows (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Operating Activities
Net income	$ 50	$ 48
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7	5
Amortization of deferred financing costs and other	1	1
Provision for loan losses	11	10
Share-based compensation	3	0
Deferred income taxes	6	5
Net changes in assets and liabilities:
Accounts receivables, net	8	(8)
Timeshare financing receivables, net	(4)	(9)
Inventory	6	(4)
Other assets	(29)	(22)
Accounts payable, accrued expenses and other	36	(19)
Advanced deposits	4	2
Deferred revenues	36	22
Other	0	5
Net cash provided by operating activities	135	36
Investing Activities
Capital expenditures for property and equipment	(8)	(9)
Software capitalization costs	(2)	(1)
Net cash used in investing activities	(10)	(10)
Financing Activities
Issuance of non-recourse debt	350	0
Repayment of non-recourse debt	344	29
Repayment of debt	(3)	0
Repayment of debt	(5)	0
Net transfers from Parent	0	8
Net cash used in financing activities	(2)	(21)
Net increase in cash, cash equivalents and restricted cash	123	5
Cash, cash equivalents and restricted cash, beginning of period	151	79	$ 79
Cash, cash equivalents and restricted cash, end of period	274	84	$ 151
Non-cash financing activity
Transfer of inventory from Parent	$ 0	$ 15