INTERIM CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 222	$ 231
Restricted cash (including $65 and $69 from VIEs, respectively)	356	383
Accounts receivable, net (including $11 and $11 from VIEs, respectively)	277	324
Vacation ownership notes receivable, net (including $1,645 and $1,627 from VIEs, respectively)	2,055	2,039
Inventory	910	863
Property and equipment	848	951
Goodwill	2,828	2,828
Intangibles, net	1,092	1,107
Other (including $31 and $26 from VIEs, respectively)	524	292
TOTAL ASSETS	9,112	9,018
LIABILITIES AND EQUITY
Accounts payable	168	245
Contract Liabilities	565	432
Accrued liabilities (including $2 and $2 from VIEs, respectively)	520	423
Payroll and benefits liability	172	211
Deferred compensation liability	100	93
Securitized debt, net (including $1,699 and $1,706 from VIEs, respectively)	1,688	1,694
Debt, net	2,201	2,124
Other	15	12
Deferred taxes	332	318
TOTAL LIABILITIES	5,761	5,552
Contingencies and Commitments (Note 11)
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; 57,839,682 and 57,626,462 shares issued, respectively	1	1
Treasury stock — at cost; 12,857,638 and 11,633,731 shares, respectively	(895)	(790)
Additional paid-in capital	3,717	3,721
Accumulated other comprehensive income	4	6
Retained earnings	519	523
TOTAL MVW SHAREHOLDERS' EQUITY	3,346	3,461
Noncontrolling interests	5	5
TOTAL EQUITY	3,351	3,466
TOTAL LIABILITIES AND EQUITY	9,112	9,018
Advance deposits
LIABILITIES AND EQUITY
Contract Liabilities	128	113
Deferred revenue
LIABILITIES AND EQUITY
Contract Liabilities	$ 437	$ 319