v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 282 $ 550
Restricted cash (VIE - $96 as of 2023 and $83 as of 2022) 176 138
Trade receivables, net 179 160
Vacation ownership contract receivables, net (VIE - $2,291 as of 2023 and $2,164 as of 2022) 2,527 2,370
Inventory 1,135 1,193
Prepaid expenses 229 202
Property and equipment, net 655 658
Goodwill 962 955
Other intangibles, net 199 207
Other assets 394 324
Total assets 6,738 6,757
Liabilities and (deficit)    
Accounts payable 73 65
Accrued expenses and other liabilities 807 876
Deferred income 442 399
Non-recourse vacation ownership debt (VIE) 2,071 1,973
Debt 3,575 3,669
Deferred income taxes 687 679
Total liabilities 7,655 7,661
Commitments and contingencies (Note 19)
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, 223,767,468 issued as of 2023 and 222,895,523 as of 2022 2 2
Treasury stock, at cost – 152,336,714 shares as of 2023 and 144,499,361 shares as of 2022 7,196 6,886
Additional paid-in capital 4,279 4,242
Retained earnings 2,067 1,808
Accumulated other comprehensive loss (70) (79)
Total stockholders’ (deficit) (918) (913)
Noncontrolling interest 1 9
Total (deficit) (917) (904)
Total liabilities and (deficit) $ 6,738 $ 6,757

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