Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 67	$ 108
Restricted cash	85	72
Accounts receivable, net of allowance for doubtful accounts of $21 and $14	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
Total liabilities (variable interest entities - $750 and $640)	2,509	2,137
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, 2019 and 2018
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 85,535,501 and 94,558,086 issued and outstanding as of December 31, 2019 and 2018, respectively	1	1
Additional paid-in capital	179	174
Accumulated retained earnings	390	441
Total equity	570	616
TOTAL LIABILITIES AND EQUITY	$ 3,079	$ 2,753