CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 374	$ 432
Restricted cash	292	263
Accounts receivable, net of allowance for doubtful accounts of $48 and $39	413	302
Timeshare financing receivables, net	1,689	1,747
Inventory	1,241	1,240
Property and equipment, net	801	756
Operating lease right-of-use assets, net	60	70
Investments in unconsolidated affiliates	66	59
Goodwill	1,357	1,377
Intangible assets, net	1,358	1,441
Land and infrastructure held for sale	0	41
Other assets	481	280
TOTAL ASSETS (variable interest entities - $915 and $1,100)	8,132	8,008
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other	976	673
Advanced deposits	130	112
Debt, net	2,787	2,913
Non-recourse debt, net	1,024	1,328
Operating lease liabilities	80	87
Deferred revenues	360	237
Deferred income tax liabilities	698	670
Total liabilities (variable interest entities - $811 and $1,199)	6,055	6,020
Commitments and contingencies - see Note 21
Equity:
Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of June 30, 2022 and December 31, 2021	0	0
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 118,501,896 shares issued and outstanding as of June 30, 2022 and 119,904,001 shares issued and outstanding as of December 31, 2021	1	1
Additional paid-in capital	1,626	1,630
Accumulated retained earnings	424	357
Accumulated other comprehensive income	26	0
Total equity	2,077	1,988
TOTAL LIABILITIES AND EQUITY	$ 8,132	$ 8,008