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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 197 $ 248
Restricted cash (including $82 and $79 from VIEs, respectively) 331 326
Accounts and contracts receivable, net (including $16 and $15 from VIEs, respectively) 387 385
Vacation ownership notes receivable, net (including $1,917 and $1,912 from VIEs, respectively) 2,440 2,343
Inventory 735 634
Property and equipment, net 1,170 1,260
Goodwill 3,117 3,117
Intangibles, net 790 854
Other (including $131 and $99 from VIEs, respectively) 641 513
TOTAL ASSETS 9,808 9,680
LIABILITIES AND EQUITY    
Accounts payable 343 362
Advance deposits 162 164
Accrued liabilities (including $4 and $4 from VIEs, respectively) 384 343
Deferred revenue 354 382
Payroll and benefits liability 220 205
Deferred compensation liability 195 168
Securitized debt, net (including $2,163 and $2,121 from VIEs, respectively) 2,136 2,096
Debt, net 3,089 3,049
Other 139 249
Deferred taxes 345 280
TOTAL LIABILITIES 7,367 7,298
Contingencies and Commitments (Note 13)
Preferred stock — $0.01 par value; 2,000,000 shares authorized; none issued or outstanding 0 0
Common stock — $0.01 par value; 100,000,000 shares authorized; 75,852,678 and 75,807,882 shares issued, respectively 1 1
Treasury stock — at cost; 40,974,753 and 40,488,576 shares, respectively (2,378) (2,332)
Additional paid-in capital 3,975 3,955
Accumulated other comprehensive (loss) income (8) 16
Retained earnings 852 742
TOTAL MVW STOCKHOLDERS' EQUITY 2,442 2,382
Noncontrolling interests (1) 0
TOTAL EQUITY 2,441 2,382
TOTAL LIABILITIES AND EQUITY $ 9,808 $ 9,680