Note 9. Debt

Long-term debt and short-term borrowings consisted of the following, excluding securitized vacation ownership debt (in millions):


	June 30,			December 31,
	2011			2010
Senior Credit Facilities:
Revolving Credit Facility, maturing 2013	$	—		$	—
Senior Notes, interest at 7.875%, maturing 2012		608			609
Senior Notes, interest at 6.25%, maturing 2013		503			504
Senior Notes, interest at 7.875%, maturing 2014		494			490
Senior Notes, interest at 7.375%, maturing 2015		450			450
Senior Notes, interest at 6.75%, maturing 2018		400			400
Senior Notes, interest at 7.15%, maturing 2019		245			245
Mortgages and other, interest rates ranging from 2.42% to 9.00%, various maturities		100			159

		2,800			2,857
Less current maturities		(612	)		(9	)

Long-term debt	$	2,188		$	2,848

During the six months ended June 30, 2011, the Company entered into two interest rate swaps with a total notional amount of $100 million, which the Company pays floating and receives fixed interest rates. See Note 12.

In June 2011, the Company sold its interest in a consolidated joint venture which resulted in the buyer assuming approximately $57 million of the Company’s mortgage debt.