CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 223	$ 432
Restricted cash	332	263
Accounts receivable, net of allowance for doubtful accounts of $52 and $39	511	302
Timeshare financing receivables, net	1,767	1,747
Inventory	1,159	1,240
Property and equipment, net	798	756
Operating lease right-of-use assets, net	76	70
Investments in unconsolidated affiliates	72	59
Goodwill	1,416	1,377
Intangible assets, net	1,277	1,441
Land and infrastructure held for sale	0	41
Other assets	373	280
TOTAL ASSETS (variable interest entities - $948 and $1,100)	8,004	8,008
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other	1,007	673
Advanced deposits	150	112
Debt, net	2,651	2,913
Non-recourse debt, net	1,102	1,328
Operating lease liabilities	94	87
Deferred revenues	190	237
Deferred income tax liabilities	659	670
Total liabilities (variable interest entities - $1,005 and $1,199)	5,853	6,020
Commitments and contingencies - see Note 23
Equity:
Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of December 31, 2022 and 2021	0	0
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 113,628,706 shares issued and outstanding as of December 31, 2022 and 119,904,001 shares issued and outstanding as of December 31, 2021	1	1
Additional paid-in capital	1,582	1,630
Accumulated retained earnings	529	357
Accumulated other comprehensive income	39	0
Total equity	2,151	1,988
Total equity	$ 8,004	$ 8,008