CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 389	$ 223
Less: Restricted cash	363	332
Accounts receivable, net of allowance for doubtful accounts of $68 and $52	503	511
Timeshare financing receivables, net	1,754	1,767
Inventory	1,300	1,159
Property and equipment, net	797	798
Operating lease right-of-use assets, net	71	76
Investments in unconsolidated affiliates	75	72
Goodwill	1,416	1,416
Intangible assets, net	1,244	1,277
Other assets	566	373
TOTAL ASSETS (variable interest entities - $1,084 and $948)	8,478	8,004
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other	1,089	1,007
Advanced deposits	174	150
Debt, net	2,940	2,651
Non-recourse debt, net	1,095	1,102
Operating lease liabilities	88	94
Deferred revenues	304	190
Deferred income tax liabilities	656	659
Total liabilities (variable interest entities - $1,097 and $1,005)	6,346	5,853
Commitments and contingencies - see Note 17
Equity:
Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of March 31, 2023 and December 31, 2022	0	0
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 112,515,473 shares issued and outstanding as of March 31, 2023 and 113,628,706 shares issued and outstanding as of December 31, 2022	1	1
Additional paid-in capital	1,559	1,582
Accumulated retained earnings	543	529
Accumulated other comprehensive income	29	39
Total equity	2,132	2,151
TOTAL LIABILITIES AND EQUITY	$ 8,478	$ 8,004