v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 214 $ 550
Restricted cash (VIE - $91 as of 2023 and $83 as of 2022) 164 138
Trade receivables, net 160 160
Vacation ownership contract receivables, net (VIE - $2,112 as of 2023 and $2,164 as of 2022) 2,426 2,370
Inventory 1,148 1,193
Prepaid expenses 247 202
Property and equipment, net 665 658
Goodwill 961 955
Other intangibles, net 204 207
Other assets 413 324
Total assets 6,602 6,757
Liabilities and (deficit)    
Accounts payable 70 65
Accrued expenses and other liabilities 826 876
Deferred income 423 399
Non-recourse vacation ownership debt (VIE) 1,901 1,973
Debt 3,671 3,669
Deferred income taxes 715 679
Total liabilities 7,606 7,661
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, 223,628,434 issued as of 2023 and 222,895,523 as of 2022 2 2
Treasury stock, at cost – 149,628,538 shares as of 2023 and 144,499,361 shares as of 2022 (7,090) (6,886)
Additional paid-in capital 4,258 4,242
Retained earnings 1,895 1,808
Accumulated other comprehensive loss (79) (79)
Total stockholders’ (deficit) (1,014) (913)
Noncontrolling interest 10 9
Total (deficit) (1,004) (904)
Total liabilities and (deficit) $ 6,602 $ 6,757

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