v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 381 $ 369
Restricted cash (VIE - $114 as of 2022 and $84 as of 2021) 166 128
Trade receivables, net 146 131
Vacation ownership contract receivables, net (VIE - $2,053 as of 2022 and $2,061 as of 2021) 2,261 2,309
Inventory 1,129 1,216
Prepaid expenses 228 227
Property and equipment, net 743 689
Goodwill 961 961
Other intangibles, net 216 219
Other assets 369 339
Total assets 6,600 6,588
Liabilities and (deficit)    
Accounts payable 67 62
Accrued expenses and other liabilities 927 939
Deferred income 391 382
Non-recourse vacation ownership debt (VIE) 1,949 1,934
Debt 3,379 3,379
Deferred income taxes 698 686
Total liabilities 7,411 7,382
Commitments and contingencies (Note 15)
Stockholders' (deficit):    
Preferred stock, $0.01 par value, authorized 6,000,000 shares, none issued and outstanding 0 0
Common stock, $0.01 par value, 600,000,000 shares authorized, 222,510,004 issued as of 2022 and 222,250,970 as of 2021 2 2
Treasury stock, at cost – 137,122,411 shares as of 2022 and 136,320,631 shares as of 2021 (6,579) (6,534)
Additional paid-in capital 4,200 4,192
Retained earnings 1,603 1,587
Accumulated other comprehensive loss (45) (48)
Total stockholders’ (deficit) (819) (801)
Noncontrolling interest 8 7
Total (deficit) (811) (794)
Total liabilities and (deficit) $ 6,600 $ 6,588

Source