CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 425	$ 432
Restricted cash	319	263
Accounts receivable, net of allowance for doubtful accounts of $40 and $39	398	302
Timeshare financing receivables, net	1,743	1,747
Inventory	1,145	1,240
Property and equipment, net	776	756
Operating lease right-of-use assets, net	56	70
Investments in unconsolidated affiliates	69	59
Goodwill	1,416	1,377
Intangible assets, net	1,318	1,441
Land and infrastructure held for sale	0	41
Other assets	381	280
TOTAL ASSETS (variable interest entities - $974 and $1,100)	8,046	8,008
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other	978	673
Advanced deposits	138	112
Debt, net	2,612	2,913
Non-recourse debt, net	1,161	1,328
Operating lease liabilities	74	87
Deferred revenues	223	237
Deferred income tax liabilities	703	670
Total liabilities (variable interest entities - $1,171 and $1,199)	5,889	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 September 30, 2022 and December 31, 2021	0	0
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 116,387,235 shares issued and outstanding as of September 30, 2022 and 119,904,001 shares issued and outstanding as of December 31, 2021	1	1
Additional paid-in capital	1,607	1,630
Accumulated retained earnings	517	357
Accumulated other comprehensive income	32	0
Total equity	2,157	1,988
TOTAL LIABILITIES AND EQUITY	$ 8,046	$ 8,008