v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 169 $ 369
Restricted cash (VIE - $85 as of 2022 and $84 as of 2021) 136 128
Trade receivables, net 167 131
Vacation ownership contract receivables, net (VIE - $2,031 as of 2022 and $2,061 as of 2021) 2,358 2,309
Inventory 1,146 1,216
Prepaid expenses 206 227
Property and equipment, net 736 689
Goodwill 950 961
Other intangibles, net 211 219
Other assets 301 339
Total assets 6,380 6,588
Liabilities and (deficit)    
Accounts payable 66 62
Accrued expenses and other liabilities 852 939
Deferred income 393 382
Non-recourse vacation ownership debt (VIE) 1,882 1,934
Debt 3,391 3,379
Deferred income taxes 699 686
Total liabilities 7,283 7,382
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, 222,763,360 issued as of 2022 and 222,250,970 as of 2021 2 2
Treasury stock, at cost – 141,602,063 shares as of 2022 and 136,320,631 shares as of 2021 (6,778) (6,534)
Additional paid-in capital 4,227 4,192
Retained earnings 1,750 1,587
Accumulated other comprehensive loss (112) (48)
Total stockholders’ (deficit) (911) (801)
Noncontrolling interest 8 7
Total (deficit) (903) (794)
Total liabilities and (deficit) $ 6,380 $ 6,588

Source