Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 733	$ 67
Restricted cash	90	85
Accounts receivable, net of allowance for credit losses of $17 and $21	74	174
Timeshare financing receivables, net	1,053	1,156
Inventory	907	558
Property and equipment, net	484	778
Operating lease right-of-use assets, net	58	60
Investments in unconsolidated affiliates	48	44
Intangible assets, net	79	77
Other assets	109	80
TOTAL ASSETS (variable interest entities - $942 and $748)	3,635	3,079
Liabilities:
Accounts payable, accrued expenses and other	237	298
Advanced deposits	116	115
Debt, net	1,263	828
Non-recourse debt, net	926	747
Operating lease liabilities	74	76
Deferred revenues	268	186
Deferred income tax liabilities	228	259
Total liabilities (variable interest entities - $931 and $750)	3,112	2,509
Commitments and contingencies - see Note 19
Equity:
Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of June 30, 2020 and December 31, 2019
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 85,077,503 shares issued and outstanding as of June 30, 2020 and 85,535,501 shares issued and outstanding as of December 31, 2019	1	1
Additional paid-in capital	180	179
Accumulated retained earnings	342	390
Total equity	523	570
TOTAL LIABILITIES AND EQUITY	$ 3,635	$ 3,079