Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 108	$ 246
Restricted cash	72	51
Accounts receivable, net of allowance for doubtful accounts of $14 and $9	153	112
Timeshare financing receivables, net	1,120	1,071
Inventory	527	509
Property and equipment, net	559	238
Investments in unconsolidated affiliates	38	41
Intangible assets, net	81	72
Other assets	95	44
TOTAL ASSETS (variable interest entities - $647 and $471)	2,753	2,384
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other	324	339
Advanced deposits	101	104
Debt, net	604	482
Non-recourse debt, net	759	583
Deferred revenues	95	109
Deferred income tax liabilities	254	249
Total liabilities (variable interest entities - $640 and $455)	2,137	1,866
Commitments and contingencies - see Note 22
Equity:
Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of December 31, 2018 and 2017	0	0
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 94,558,086 and 99,136,304 issued and outstanding as of December 31, 2018 and 2017, respectively	1	1
Additional paid-in capital	174	162
Accumulated retained earnings	441	355
Total equity	616	518	$ 167	$ (106)
TOTAL LIABILITIES AND EQUITY	$ 2,753	$ 2,384