Condensed Consolidated Balance Sheets - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents		$ 158	$ 108
Restricted cash		64	72
Accounts receivable, net of allowance for doubtful accounts of $12 and $14		146	153
Timeshare financing receivables, net		1,111	1,120
Inventory		529	527
Property and equipment, net		644	559
Operating lease right of use assets, net		66
Investments in unconsolidated affiliates		40	38
Intangible assets, net		80	81
Other assets		123	95
TOTAL ASSETS (variable interest entities - $608 and $647)		2,961	2,753
Liabilities:
Accounts payable, accrued expenses and other		286	324
Advanced deposits		106	101
Debt, net		800	604
Non-recourse debt, net		720	759
Operating lease liabilities	[1]	78
Deferred revenues		135	95
Deferred income tax liabilities		261	254
Total liabilities (variable interest entities - $601 and $640)		2,386	2,137
Commitments and contingencies - see Note 19
Equity:
Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of March 31, 2019 and December 31, 2018		0	0
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 91,886,756 issued and outstanding as of March 31, 2019 and 94,558,086 issued and outstanding as of December 31, 2018		1	1
Additional paid-in capital		170	174
Accumulated retained earnings		404	441
Total equity		575	616
TOTAL LIABILITIES AND EQUITY		$ 2,961	$ 2,753

[1] Operating lease payments exclude $2 million of legally binding minimum lease payments for leases signed but not yet commenced.