Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2012

Fair Value [Abstract]

Carrying amounts and estimated fair values of financial instruments

			March 31, 2012				December 31, 2011
	Hierarchy Level		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Restricted cash		1	$	3	$	3	$	2	$	2
VOI notes receivable		3		120		143		93		109
Securitized vacation ownership notes receivable		3		411		508		446		551
Other notes receivable		3		23		23		26		26
Total financial assets			$	557	$	677	$	567	$	688
Liabilities:
Long-term debt		1	$	1,648	$	1,919	$	2,194	$	2,442
Long-term securitized debt		3		364		380		402		412
Total financial liabilities			$	2,012	$	2,299	$	2,596	$	2,854
Off-Balance sheet:
Letters of credit		2	$	—		124	$	—	$	171
Surety bonds		2		—		21		—		21
Total Off-Balance sheet			$	—	$	145	$	—	$	192