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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Carrying and Estimated Fair Value Amounts

The carrying amounts and estimated fair values of our financial assets and liabilities were as follows:

 

 

 

December 31, 2019

 

 

 

 

 

 

 

Hierarchy Level

 

($ in millions)

 

Carrying

Amount

 

 

Level 1

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Timeshare financing receivables(1)

 

$

1,156

 

 

$

 

 

$

1,446

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Debt(2)

 

 

828

 

 

 

326

 

 

 

544

 

Non-recourse debt(2)

 

 

747

 

 

 

 

 

 

749

 

 

(1)

Carrying amount net of allowance for financing receivables losses.

(2)

Carrying amount net of unamortized deferred financing costs and discount.

 

 

 

December 31, 2018

 

 

 

 

 

 

 

Hierarchy Level

 

($ in millions)

 

Carrying

Amount

 

 

Level 1

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Timeshare financing receivables(1)

 

$

1,120

 

 

$

 

 

$

1,339

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Debt(2)

 

 

604

 

 

 

302

 

 

 

309

 

Non-recourse debt(2)

 

 

759

 

 

 

 

 

 

753

 

 

(1)

Carrying amount net of allowance for financing receivables losses.

(2)

Carrying amount net of unamortized deferred financing costs and discount.