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


	September 30, 2014			December 31, 2013
Senior Credit Facility:
Revolving Credit Facility, maturing 2020	$	6		$	—
Senior Notes, interest at 7.375%, maturing 2015		294			294
Senior Notes, interest at 6.75%, maturing 2018		371			372
Senior Notes, interest at 7.15%, maturing 2019		208			207
Senior Notes, interest at 3.125%, maturing 2023		349			349
Senior Notes, interest at 3.75%, maturing 2025		346			—
Senior Notes, interest at 4.50%, maturing 2034		291			—
Capital lease obligations		155			3
Commercial paper, weighted average interest at 0.296% at September 30, 2014		106			—
Mortgages and other, interest rates ranging from non-interest bearing to 4.15%, various maturities		40			42

		2,166			1,267
Less current maturities		(3	)		(2	)

Long-term debt	$	2,163		$	1,265