INTERIM CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 651	$ 287
Restricted cash (including $71 and $64 from VIEs, respectively)	369	414
Accounts receivable, net (including $13 and $13 from VIEs, respectively)	267	323
Vacation ownership notes receivable, net (including $1,822 and $1,750 from VIEs, respectively)	2,159	2,233
Inventory	776	859
Property and equipment	833	718
Goodwill	2,817	2,892
Intangibles, net	989	1,027
Other (including $36 and $39 from VIEs, respectively)	571	461
TOTAL ASSETS	9,432	9,214
LIABILITIES AND EQUITY
Accounts payable	169	286
Advance deposits	161	187
Accrued liabilities (including $2 and $2 from VIEs, respectively)	344	397
Deferred revenue	536	433
Payroll and benefits liability	164	186
Deferred compensation liability	103	110
Securitized debt, net (including $1,925 and $1,871 from VIEs, respectively)	1,926	1,871
Debt, net	2,778	2,216
Other	189	197
Deferred taxes	290	300
TOTAL LIABILITIES	6,660	6,183
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; 75,235,823 and 75,020,272 shares issued, respectively	1	1
Treasury stock — at cost; 34,196,625 and 33,438,176 shares, respectively	(1,335)	(1,253)
Additional paid-in capital	3,729	3,738
Accumulated other comprehensive loss	(77)	(36)
Retained earnings	441	569
TOTAL MVW SHAREHOLDERS' EQUITY	2,759	3,019
Noncontrolling interests	13	12
TOTAL EQUITY	2,772	3,031
TOTAL LIABILITIES AND EQUITY	$ 9,432	$ 9,214