Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 328 $ 1,196
Restricted cash (VIE - $83 as of 2021 and $92 as of 2020) 118 121
Trade receivables, net 110 115
Vacation ownership contract receivables, net (VIE - $2,158 as of 2021 and $2,458 as of 2020) 2,319 2,482
Inventory 1,339 1,347
Prepaid expenses 204 204
Property and equipment, net 645 666
Goodwill 965 964
Other intangibles, net 224 131
Other assets 387 387
Total assets 6,639 7,613
Liabilities and (deficit)    
Accounts payable 56 62
Accrued expenses and other liabilities 971 929
Deferred income 419 447
Non-recourse vacation ownership debt (VIE) 2,018 2,234
Debt 3,385 4,184
Deferred income taxes 708 725
Total liabilities 7,557 8,581
Total liabilities and (deficit) 6,639 7,613
Commitments and contingencies (Note 16)
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, 222,178,671 issued as of 2021 and 221,755,960 as of 2020 2 2
Treasury stock, at cost – 135,824,676 shares as of 2021 and 2020 (6,508) (6,508)
Additional paid-in capital 4,171 4,157
Retained earnings 1,437 1,390
Accumulated other comprehensive loss (27) (16)
Total stockholders’ (deficit) (925) (975)
Noncontrolling interest 7 7
Total (deficit) $ (918) $ (968)