XML 40 R123.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidating Guarantor Financial Information - Balance Sheet (Details) - USD ($)
$ in Millions
Dec. 31, 2019
Aug. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
ASSETS          
Cash and cash equivalents $ 67   $ 108    
Restricted cash 85 $ 21 72    
Accounts receivable, net 174   153    
Timeshare financing receivables, net 1,156   1,120    
Inventory 558   527    
Property and equipment, net 778   559    
Operating lease right-of-use assets, net 60        
Investments in unconsolidated affiliates 44   38    
Intangible assets, net 89   81    
Other assets 68   95    
TOTAL ASSETS (variable interest entities - $748 and $647) 3,079   2,753    
LIABILITIES AND EQUITY          
Accounts payable, accrued expenses and other 298   324    
Advanced deposits 115   101    
Debt, net 828   604    
Non-recourse debt, net 747   759    
Operating lease liabilities 76        
Deferred revenues 186   95    
Deferred income tax liabilities 259   254    
Deferred income tax liabilities (2)   (1)    
Total equity 570   616 $ 518 $ 167
TOTAL LIABILITIES AND EQUITY 3,079   2,753    
Parent          
ASSETS          
Cash and cash equivalents 2   4    
Investments in subsidiaries 568   612    
TOTAL ASSETS (variable interest entities - $748 and $647) 570   616    
LIABILITIES AND EQUITY          
Total equity 570   616    
TOTAL LIABILITIES AND EQUITY 570   616    
Issuers          
ASSETS          
Other assets 5   6    
Investments in subsidiaries 1,364   1,210    
TOTAL ASSETS (variable interest entities - $748 and $647) 1,369   1,216    
LIABILITIES AND EQUITY          
Debt, net 801   604    
Total equity 568   612    
TOTAL LIABILITIES AND EQUITY 1,369   1,216    
Guarantors          
ASSETS          
Cash and cash equivalents 33   89    
Restricted cash 59   45    
Accounts receivable, net 192   157    
Timeshare financing receivables, net 449   209    
Inventory 524   502    
Property and equipment, net 718   553    
Operating lease right-of-use assets, net 58        
Investments in unconsolidated affiliates 44   38    
Intangible assets, net 89   81    
Other assets 52   41    
Investments in subsidiaries 136   277    
TOTAL ASSETS (variable interest entities - $748 and $647) 2,354   1,992    
LIABILITIES AND EQUITY          
Accounts payable, accrued expenses and other 329   332    
Advanced deposits 115   101    
Debt, net 27        
Operating lease liabilities 74        
Deferred revenues 186   95    
Deferred income tax liabilities 259   254    
Total equity 1,364   1,210    
TOTAL LIABILITIES AND EQUITY 2,354   1,992    
Non-Guarantors          
ASSETS          
Cash and cash equivalents 32   15    
Restricted cash 26   27    
Accounts receivable, net 52   17    
Timeshare financing receivables, net 707   911    
Inventory 34   25    
Property and equipment, net 60   6    
Operating lease right-of-use assets, net 2        
Other assets 11   48    
TOTAL ASSETS (variable interest entities - $748 and $647) 924   1,049    
LIABILITIES AND EQUITY          
Accounts payable, accrued expenses and other 39   13    
Non-recourse debt, net 747   759    
Operating lease liabilities 2        
Total equity 136   277    
TOTAL LIABILITIES AND EQUITY 924   1,049    
Eliminations          
ASSETS          
Accounts receivable, net (70)   (21)    
Investments in subsidiaries (2,068)   (2,099)    
TOTAL ASSETS (variable interest entities - $748 and $647) (2,138)   (2,120)    
LIABILITIES AND EQUITY          
Accounts payable, accrued expenses and other (70)   (21)    
Total equity (2,068)   (2,099)    
TOTAL LIABILITIES AND EQUITY $ (2,138)   $ (2,120)