Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating Activities
Net income	$ 90	$ 99
Adjustments to net income:
Depreciation and amortization	70	69
Amortization of deferred gains	(21)	(22)
(Gain) loss on asset dispositions and impairments, net	(2)	(14)
Stock-based compensation expense	13	14
Excess stock-based compensation tax benefit		(7)
Distributions in (deficit) excess of equity earnings	(4)	(8)
Deferred income tax expense	9	41
Other non-cash adjustments to net income	21	(16)
Decrease (increase) in restricted cash	(14)	23
Other changes in working capital	(77)	(114)
Securitized VOI notes receivable activity, net	15	19
Unsecuritized VOI notes receivable activity, net	(28)	(18)
Accrued income taxes and other	(24)	(11)
Cash from operating activities	48	55
Investing Activities
Purchases of plant, property and equipment	(35)	(51)
Proceeds from asset sales, net of transaction costs	83
Acquisitions, net of acquired cash	(50)	(4)
Issuance of notes receivable, net	(11)	(5)
Distributions from investments, net		31
Other, net	31	4
Cash from (used for) investing activities	18	(25)
Financing Activities
Commercial paper, net	183	(172)
Long-term debt issued		9
Long-term debt repaid	(20)	(4)
Long-term securitized debt repaid	(15)	(20)
Dividends paid	(68)	(64)
Proceeds from employee stock option exercises	3	11
Excess stock-based compensation tax benefit		7
Share repurchases		(123)
Other, net	(22)	(25)
Cash from (used for) financing activities	61	(381)
Exchange rate effect on cash and cash equivalents	5	(11)
Increase (decrease) in cash and cash equivalents	132	(362)
Cash and cash equivalents — beginning of period	1,048	935
Cash and cash equivalents — end of period	1,180	573
Cash paid during the period for:
Interest	15	51
Income taxes, net of refunds	$ 36	$ 21