Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 550 $ 369
Restricted cash (VIE - $83 as of 2022 and $84 as of 2021) 138 128
Trade receivables, net 160 131
Vacation ownership contract receivables, net (VIE - $2,164 as of 2022 and $2,061 as of 2021) 2,370 2,309
Inventory 1,193 1,216
Prepaid expenses 202 227
Property and equipment, net 658 689
Goodwill 955 961
Other intangibles, net 207 219
Other assets 324 339
Total assets 6,757 6,588
Liabilities and (deficit)    
Accounts payable 65 62
Accrued expenses and other liabilities 876 939
Deferred income 399 382
Non-recourse vacation ownership debt (VIE) 1,973 1,934
Debt 3,669 3,379
Deferred income taxes 679 686
Total liabilities 7,661 7,382
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, 222,895,523 issued as of 2022 and 222,250,970 as of 2021 2 2
Treasury stock, at cost – 144,499,361 shares as of 2022 and 136,320,631 shares as of 2021 6,886 6,534
Additional paid-in capital 4,242 4,192
Retained earnings 1,808 1,587
Accumulated other comprehensive loss (79) (48)
Total stockholders’ (deficit) (913) (801)
Noncontrolling interest 9 7
Total (deficit) (904) (794)
Total liabilities and (deficit) $ 6,757 $ 6,588