Securitized Vacation Ownership Debt (Tables)

3 Months Ended

Mar. 31, 2016

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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):

	March 31,			December 31,
	2016			2015
2010 securitization, interest rates ranging from 3.65% to 4.75%, maturing 2021		43			48
2011 securitization, interest rates ranging from 3.67% to 4.82%, maturing 2025		56			61
2012 securitization, interest rates ranging from 2.00% to 2.76%, maturing 2023		57			62
		156			171
Less current maturities		(45	)		(48	)
Long-term securitized debt	$	111		$	123