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INTERIM CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 205 $ 197
Restricted cash (including $81 and $82 from VIEs, respectively) 263 331
Accounts and contracts receivable, net (including $16 and $16 from VIEs, respectively) 378 387
Vacation ownership notes receivable, net (including $1,963 and $1,917 from VIEs, respectively) 2,485 2,440
Inventory 744 735
Property and equipment, net 1,284 1,170
Goodwill 3,117 3,117
Intangibles, net 762 790
Other (including $148 and $131 from VIEs, respectively) 649 641
TOTAL ASSETS 9,887 9,808
LIABILITIES AND EQUITY    
Accounts payable 225 343
Advance deposits 164 162
Accrued liabilities (including $4 and $4 from VIEs, respectively) 363 384
Deferred revenue 397 354
Payroll and benefits liability 176 220
Deferred compensation liability 203 195
Securitized debt, net (including $2,216 and $2,163 from VIEs, respectively) 2,188 2,136
Debt, net 3,197 3,089
Other 132 139
Deferred taxes 358 345
TOTAL LIABILITIES 7,403 7,367
Contingencies and Commitments (Note 10)
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; 75,889,673 and 75,852,678 shares issued, respectively 1 1
Treasury stock — at cost; 41,287,174 and 40,974,753 shares, respectively (2,404) (2,378)
Additional paid-in capital 3,979 3,975
Accumulated other comprehensive loss (14) (8)
Retained earnings 922 852
TOTAL MVW STOCKHOLDERS' EQUITY 2,484 2,442
Noncontrolling interests 0 (1)
TOTAL EQUITY 2,484 2,441
TOTAL LIABILITIES AND EQUITY $ 9,887 $ 9,808