CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 589	$ 223
Restricted cash	296	332
Accounts receivable, net	507	511
Timeshare financing receivables, net	2,113	1,767
Inventory	1,400	1,159
Property and equipment, net	758	798
Operating lease right-of-use assets, net	61	76
Investments in unconsolidated affiliates	71	72
Goodwill	1,418	1,416
Intangible assets, net	1,158	1,277
Other assets	314	373
TOTAL ASSETS (variable interest entities - $1,459 in 2023 and $948 in 2022)	8,685	8,004
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable, accrued expenses and other	952	1,007
Advanced deposits	179	150
Debt, net	3,049	2,651
Non-recourse debt, net	1,466	1,102
Operating lease liabilities	78	94
Deferred revenues	215	190
Deferred income tax liabilities	631	659
Total liabilities (variable interest entities - $1,472 in 2023 and $1,005 in 2022)	6,570	5,853
Commitments and contingencies - see Note 23
Stockholders' Equity:
Preferred stock, $0.01 par value; 300,000,000 authorized shares, none issued or outstanding as of December 31, 2023 and 2022	0	0
Common stock, $0.01 par value; 3,000,000,000 authorized shares, 105,961,160 shares issued and outstanding as of December 31, 2023, and 113,628,706 shares issued and outstanding as of December 31, 2022	1	1
Additional paid-in capital	1,504	1,582
Accumulated retained earnings	593	529
Accumulated other comprehensive income	17	39
Total stockholders' equity	2,115	2,151
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 8,685	$ 8,004