Annual report pursuant to Section 13 and 15(d)

Accrued Expenses and Other Liabilities

v3.22.4
Accrued Expenses and Other Liabilities
 12 Months Ended
Dec. 31, 2022
Accrued Liabilities and Other Liabilities [Abstract]  
Accrued Expenses And Other Current Liabilities Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following (in millions):
As of December 31,
2022 2021
Accrued payroll and related costs $ 214  $ 209 
Lease liabilities (a)
111  136 
Accrued taxes 80  106 
Guarantees 68  67 
Accrued interest 52  53 
Resort related obligations 45  54 
Payables associated with separation and sale of business activities 41  39 
Accrued advertising and marketing 38  34 
Inventory sale obligation (b)
30  13 
Restructuring liabilities (c)
26  22 
Deferred consideration 24  52 
Accrued VOI maintenance fees 21  29 
Accrued legal and professional fees 21  21 
Derivative contract liabilities 13  1 
Customer advances 12  10 
Accrued legal settlements 3  19 
Accrued other 77  74 
$ 876  $ 939 
(a)See Note 12—Leases for details.
(b)See Note 10—Inventory for details.
(c)See Note 26—Restructuring for details.