Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 346 $ 1,196
Restricted cash (VIE - $94 as of 2021 and $92 as of 2020) 128 121
Trade receivables, net 125 115
Vacation ownership contract receivables, net (VIE - $2,136 as of 2021 and $2,458 as of 2020) 2,292 2,482
Inventory 1,270 1,347
Prepaid expenses 196 204
Property and equipment, net 678 666
Goodwill 962 964
Other intangibles, net 222 131
Other assets 382 387
Total assets 6,601 7,613
Liabilities and (deficit)    
Accounts payable 60 62
Accrued expenses and other liabilities 953 929
Deferred income 394 447
Non-recourse vacation ownership debt (VIE) 1,957 2,234
Debt 3,386 4,184
Deferred income taxes 700 725
Total liabilities 7,450 8,581
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, 222,180,902 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 4,180 4,157
Retained earnings 1,511 1,390
Accumulated other comprehensive loss (42) (16)
Total stockholders’ (deficit) (857) (975)
Noncontrolling interest 8 7
Total (deficit) (849) (968)
Total liabilities and (deficit) $ 6,601 $ 7,613