Securitized Vacation Ownership Debt (Tables)

9 Months Ended

Sep. 30, 2015

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Long-Term and Short-Term Securitized Vacation Ownership Debt

As discussed in Note 5, our VIEs associated with the securitization of our VOI notes receivable are consolidated in our financial statements.  Long-term and short-term securitized vacation ownership debt consisted of the following (in millions):

	September 30,			December 31,
	2015			2014
2009 securitization, terminated 2015 (1)	$	—		$	13
2010 securitization, interest rates ranging from 3.65% to 4.75%, maturing 2021		54			72
2011 securitization, interest rates ranging from 3.67% to 4.82%, maturing 2025		66			81
2012 securitization, interest rates ranging from 2.00% to 2.76%, maturing 2023		68			83
		188			249
Less current maturities		(51	)		(73	)
Long-term securitized debt	$	137		$	176