Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 226	$ 48
Restricted cash	58	103
Accounts receivable, net of allowance for doubtful accounts of $10 and $6	104	123
Timeshare financing receivables, net	1,055	1,025
Inventory	475	513
Property and equipment, net	266	256
Investment in unconsolidated affiliate	41
Intangible assets, net	72	70
Other assets	51	42
TOTAL ASSETS (variable interest entities - $500 and $258)	2,348	2,180
Liabilities:
Accounts payable, accrued expenses and other	324	231
Advanced deposits	102	103
Debt	484	490
Non-recourse debt	612	694
Deferred revenues	119	106
Deferred income tax liabilities	374	389
Total liabilities (variable interest entities - $484 and $245)	2,015	2,013
Commitments and contingencies - see Note 15
Equity:
Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of September 30, 2017 and December 31, 2016	0	0
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 99,088,973 issued and outstanding as of September 30, 2017 and 98,802,597 issued and outstanding as of December 31, 2016	1	1
Additional paid-in capital	160	138
Accumulated retained earnings	172	28
Total equity	333	167
TOTAL LIABILITIES AND EQUITY	$ 2,348	$ 2,180