Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 400	$ 428
Restricted cash	105	98
Accounts receivable, net of allowance for doubtful accounts of $17 and $20	111	119
Timeshare financing receivables, net	940	974
Inventory	720	702
Property and equipment, net	501	501
Operating lease right-of-use assets, net	48	52
Investments in unconsolidated affiliates	53	51
Intangible assets, net	80	81
Land and infrastructure held for sale	41	41
Other assets	115	87
TOTAL ASSETS (variable interest entities - $733 and $800)	3,114	3,134
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other	260	252
Advanced deposits	114	117
Debt, net	1,156	1,159
Non-recourse debt, net	698	766
Operating lease liabilities	63	67
Deferred revenues	336	262
Deferred income tax liabilities	118	137
Total liabilities (variable interest entities - $703 and $771)	2,745	2,760
Commitments and contingencies - see Note 19
Equity:
Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of March 31, 2021 and December 31, 2020
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 85,537,477 shares issued and outstanding as of March 31, 2021 and 85,205,012 shares issued and outstanding as of December 31, 2020	1	1
Additional paid-in capital	194	192
Accumulated retained earnings	174	181
Total equity	369	374
TOTAL LIABILITIES AND EQUITY	$ 3,114	$ 3,134