Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 625	$ 67
Restricted cash	92	85
Accounts receivable, net of allowance for credit losses of $18 and $21	109	174
Timeshare financing receivables, net	1,012	1,156
Inventory	933	558
Property and equipment, net	488	778
Operating lease right-of-use assets, net	55	60
Investments in unconsolidated affiliates	49	44
Intangible assets, net	80	77
Other assets	101	80
TOTAL ASSETS (variable interest entities - $866 and $748)	3,544	3,079
Liabilities:
Accounts payable, accrued expenses and other	264	298
Advanced deposits	119	115
Debt, net	1,262	828
Non-recourse debt, net	837	747
Operating lease liabilities	70	76
Deferred revenues	261	186
Deferred income tax liabilities	209	259
Total liabilities (variable interest entities - $842 and $750)	3,022	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 September 30, 2020 and December 31, 2019
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 85,086,548 shares issued and outstanding as of September 30, 2020 and 85,535,501 shares issued and outstanding as of December 31, 2019	1	1
Additional paid-in capital	186	179
Accumulated retained earnings	335	390
Total equity	522	570
TOTAL LIABILITIES AND EQUITY	$ 3,544	$ 3,079