Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating Activities
Net income	$ 34	$ 90
Loss from discontinued operations, net of tax	47	37
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	56	51
Provision for loan losses	92	85
Deferred income taxes	24	79
Stock-based compensation	21	15
Impairment	0	5
Non-cash interest	5	6
Net change in assets and liabilities, excluding the impact of acquisitions:
Trade receivables	(63)	(49)
Vacation ownership contract receivables	(71)	(55)
Inventory	(39)	(32)
Prepaid expenses	(41)	(32)
Other current assets	(76)	(97)
Accounts payable, accrued expenses and other current liabilities	1	(8)
Deferred income	38	32
Payments of development advance notes	(8)	(3)
Proceeds from development advance notes	8	2
Other, net	(27)	(3)
Cash provided by operating activities - continuing operations	1	123
Cash provided by operating activities - discontinued operations	132	115
Net cash provided by operating activities	133	238
Investing Activities
Property and equipment additions	(28)	(28)
Net assets acquired, net of cash acquired	(5)	0
Equity investments and loans	0	(2)
Other, net	11	0
Cash used in investing activities - continuing operations	(22)	(30)
Cash (used in)/provided by investing activities - discontinued operations	(8)	9
Net cash used in investing activities	(30)	(21)
Financing Activities
Proceeds from securitized borrowings	261	593
Principal payments on securitized borrowings	(384)	(596)
Proceeds from long-term debt	1,436	544
Principal payments on long-term debt	(576)	(575)
Repayments of commercial paper, net	(11)	(206)
Proceeds from notes issued and term loan	0	694
Repayment/repurchase of notes	(464)	(300)
Repayments of vacation ownership inventory arrangements	(7)	(22)
Dividends to shareholders	(70)	(64)
Repurchase of common stock	(76)	(147)
Debt issuance costs	0	(6)
Net share settlement of incentive equity awards	(32)	(30)
Other, net	(2)	1
Cash provided by/(used in) financing activities - continuing operations	75	(114)
Cash used in financing activities - discontinued operations	(6)	(9)
Net cash provided by/(used in) financing activities	69	(123)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash	1	3
Net increase in cash, cash equivalents and restricted cash	173	97
Cash, cash equivalents and restricted cash, beginning of period	416	333
Cash, cash equivalents and restricted cash, end of period	589	430
Less cash, cash equivalents and restricted cash of discontinued operations, end of period	102	157
Cash, cash equivalents and restricted cash of continuing operations, end of period	$ 487	$ 273