CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 287	$ 231
Restricted cash (including $64 and $69 from VIEs, respectively)	414	383
Accounts receivable, net (including $13 and $11 from VIEs, respectively)	323	324
Vacation ownership notes receivable, net (including $1,750 and $1,627 from VIEs, respectively)	2,233	2,039
Inventory	859	863
Property and equipment	751	951
Goodwill	2,892	2,828
Intangibles, net	1,027	1,107
Other (including $39 and $26 from VIEs, respectively)	428	292
TOTAL ASSETS	9,214	9,018
LIABILITIES AND EQUITY
Accounts payable	286	301
Advance deposits	187	171
Accrued liabilities (including $2 and $2 from VIEs, respectively)	397	246
Deferred revenue	433	383
Payroll and benefits liability	186	210
Deferred compensation liability	110	93
Securitized debt, net (including $1,871 and $1,706 from VIEs, respectively)	1,871	1,714
Debt, net	2,216	2,104
Other	197	12
Deferred Income Tax Liabilities, Net	300	318
TOTAL LIABILITIES	6,183	5,552
Contingencies and Commitments (Note 11)
Preferred stock — $.01 par value; 2,000,000 shares authorized; none issued or outstanding	0	0
Common stock — $.01 par value; 100,000,000 shares authorized; 75,020,272 and 57,626,462 shares issued, respectively	1	1
Treasury stock — at cost; 33,438,176 and 11,633,731 shares, respectively	(1,253)	(790)
Additional paid-in capital	3,738	3,721
Accumulated other comprehensive income	(36)	6
Retained earnings	569	523
TOTAL MVW SHAREHOLDERS' EQUITY	3,019	3,461
Noncontrolling interests	12	5
TOTAL EQUITY	3,031	3,466
TOTAL LIABILITIES AND EQUITY	$ 9,214	$ 9,018