Securitized Vacation Ownership Debt (Tables)

9 Months Ended

Sep. 30, 2013

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Long-Term and Short-Term Securitized Vacation Ownership Debt

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

	September 30, 2013			December 31, 2012
2005 securitization, terminated 2013	$	—		$	22
2006 securitization, interest rates ranging from 5.28% to 5.85%, maturing 2018		13			18
2009 securitization, interest rate at 5.81%, maturing 2015		42			63
2010 securitization, interest rates ranging from 3.65% to 4.75%, maturing 2021		109			138
2011 securitization, interest rates ranging from 3.67% to 4.82%, maturing 2025		112			137
2012 securitization, interest rates ranging from 2.00% to 2.76%, maturing 2023		121			155
		397			533
Less current maturities		(106	)		(150	)
Long-term securitized debt	$	291		$	383