7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-30 2016-09-09 2016-06-17 2016-03-25 2015-09-11 2015-06-19 2015-03-27 2015-01-01 2014-09-12 2014-06-20 2014-03-28 2014-01-02 2013-09-06 2013-06-14 2013-03-22 2013-01-03 2012-12-28 2012-09-07 2012-06-15 2012-03-23 2011-12-30 2011-09-09 
      
    		                                                         
      assets
    		                                                         
      cash and cash equivalents
    		474,000,000 205,000,000 196,000,000 197,000,000 197,000,000 206,000,000 237,000,000 248,000,000 265,000,000 242,000,000 306,000,000 524,000,000 294,000,000 324,000,000 354,000,000 342,000,000 448,000,000 1,312,000,000 643,000,000 524,000,000 660,000,000 566,000,000 651,000,000 287,000,000 183,000,000 179,000,000 222,000,000 231,000,000 441,000,000 547,667,000 323,831,000 409,059,000 440,074,000 85,151,000 101,841,000 147,102,000 174,764,000 97,418,000 106,613,000 321,690,000 250,906,000 272,180,000 177,061,000 146,000,000 170,000,000 159,000,000 347,000,000 288,000,000 104,000,000 119,000,000 200,000,000 103,000,000 212,000,000 83,000,000 77,000,000 110,000,000 25,000,000 
      restricted cash
    		259,000,000 263,000,000 291,000,000 331,000,000 350,000,000 251,000,000 313,000,000 326,000,000 238,000,000 238,000,000 268,000,000 330,000,000 249,000,000 282,000,000 296,000,000 461,000,000 434,000,000 368,000,000 535,000,000 468,000,000 368,000,000 341,000,000 369,000,000 414,000,000 322,000,000 337,000,000 356,000,000 383,000,000 365,000,000 170,536,000 61,298,000 81,553,000 61,701,000 58,753,000 64,033,000 66,000,000 117,839,000 68,340,000 55,252,000 121,752,000 65,559,000 62,016,000 71,451,000 65,000,000 42,000,000 74,000,000 110,000,000 65,000,000 64,000,000 46,000,000 86,000,000 68,000,000 72,000,000 72,000,000 59,000,000 81,000,000 65,000,000 
      accounts and contracts receivable
    		402,000,000 378,000,000 389,000,000 387,000,000 340,000,000 370,000,000 422,000,000 385,000,000 298,000,000 313,000,000 289,000,000 292,000,000 248,000,000                   154,174,000 136,107,000 131,395,000 127,347,000 161,733,000 134,706,000 142,864,000 131,538,000 128,321,000 116,544,000 114,863,000 131,850,000 113,000,000 121,000,000 130,000,000 110,000,000 117,000,000 101,000,000 111,000,000 109,000,000 100,000,000 121,000,000 101,000,000 110,000,000 105,000,000 95,000,000 
      vacation ownership notes receivable
    		2,522,000,000 2,485,000,000 2,446,000,000 2,440,000,000 2,387,000,000 2,308,000,000 2,336,000,000 2,343,000,000 2,291,000,000 2,272,000,000 2,220,000,000 2,198,000,000 2,142,000,000 2,075,000,000 2,030,000,000 2,045,000,000 2,026,000,000 1,991,000,000 1,769,000,000 1,840,000,000 1,913,000,000 2,014,000,000 2,159,000,000 2,233,000,000 2,168,000,000 2,098,000,000 2,055,000,000 2,039,000,000 1,959,000,000 1,167,779,000 1,132,783,000 1,119,631,000 1,076,402,000 1,036,449,000 997,419,000 972,311,000 927,348,000 903,747,000 908,587,000 887,456,000 878,858,000 888,193,000 920,631,000 912,000,000 920,000,000 936,000,000 917,000,000 978,000,000 988,000,000 1,016,000,000 970,000,000 1,056,000,000      
      inventory
    		727,000,000 744,000,000 737,000,000 735,000,000 769,000,000 643,000,000 637,000,000 634,000,000 642,000,000 660,000,000 672,000,000 660,000,000 668,000,000 695,000,000 693,000,000 719,000,000 741,000,000 833,000,000 785,000,000 759,000,000 761,000,000 771,000,000 776,000,000 859,000,000 910,000,000 888,000,000 910,000,000 863,000,000 829,000,000 690,154,000 726,969,000 716,533,000 735,072,000 744,430,000 692,757,000 712,536,000 714,404,000 702,377,000 715,072,000 721,664,000 704,707,000 724,520,000 669,243,000 799,000,000 826,000,000 850,000,000 773,000,000 859,000,000 869,000,000 873,000,000 870,000,000 881,000,000 897,000,000 907,000,000 932,000,000 959,000,000 1,014,000,000 
      property and equipment
    		1,325,000,000 1,284,000,000 1,166,000,000 1,170,000,000 1,165,000,000 1,295,000,000 1,299,000,000 1,260,000,000 1,250,000,000 1,221,000,000 1,215,000,000 1,139,000,000 1,136,000,000 1,151,000,000 1,162,000,000 1,136,000,000 1,077,000,000 1,026,000,000 887,000,000 791,000,000 809,000,000 835,000,000 833,000,000 751,000,000 770,000,000 837,000,000 848,000,000 951,000,000 952,000,000 246,940,000 251,264,000 252,727,000 253,738,000 249,264,000 202,380,000 202,802,000 214,445,000 228,848,000 222,516,000 247,317,000 188,714,000 188,431,000 288,803,000 212,000,000 215,000,000 229,000,000 147,000,000 250,000,000 252,000,000 256,000,000 254,000,000 261,000,000 272,000,000 275,000,000 282,000,000 285,000,000 291,000,000 
      goodwill
    		3,117,000,000 3,117,000,000 3,117,000,000 3,117,000,000 3,117,000,000 3,117,000,000 3,117,000,000 3,117,000,000 3,117,000,000 3,117,000,000 3,117,000,000 3,117,000,000 3,117,000,000 3,117,000,000 3,142,000,000 3,150,000,000 3,086,000,000 3,116,000,000 2,817,000,000 2,817,000,000 2,817,000,000 2,817,000,000 2,817,000,000 2,892,000,000 2,890,000,000 2,824,000,000 2,828,000,000 2,828,000,000 2,747,000,000                             
      intangibles
    		747,000,000 762,000,000 775,000,000 790,000,000 807,000,000 822,000,000 839,000,000 854,000,000 868,000,000 884,000,000 898,000,000 911,000,000 924,000,000 941,000,000 978,000,000 993,000,000 1,007,000,000 1,017,000,000 938,000,000 952,000,000 963,000,000 977,000,000 989,000,000 1,027,000,000 1,044,000,000 1,075,000,000 1,092,000,000 1,107,000,000 1,216,000,000                             
      other
    		576,000,000 649,000,000 765,000,000 641,000,000 608,000,000 599,000,000 667,000,000 513,000,000 484,000,000 535,000,000 617,000,000 468,000,000 459,000,000 511,000,000 614,000,000 488,000,000 501,000,000 534,000,000 594,000,000 471,000,000 448,000,000 509,000,000 571,000,000 428,000,000 400,000,000 458,000,000 524,000,000 292,000,000 268,000,000 166,875,000 200,768,000 172,516,000 119,942,000 127,994,000 160,397,000 128,935,000 102,664,000 109,960,000 191,207,000 98,827,000 117,924,000 138,666,000 135,987,000 100,000,000 116,000,000 141,000,000 136,000,000 103,000,000 133,000,000 148,000,000 143,000,000 135,000,000 107,000,000 133,000,000 151,000,000 157,000,000 94,000,000 
      total assets
    		10,149,000,000 9,887,000,000 9,882,000,000 9,808,000,000 9,740,000,000 9,611,000,000 9,867,000,000 9,680,000,000 9,453,000,000 9,482,000,000 9,602,000,000 9,639,000,000 9,237,000,000 9,340,000,000 9,503,000,000 9,613,000,000 9,543,000,000 10,414,000,000 9,187,000,000 8,898,000,000 9,011,000,000 9,117,000,000 9,432,000,000 9,214,000,000 9,059,000,000 9,023,000,000 9,112,000,000 9,018,000,000 9,013,000,000 3,057,570,000 2,759,951,000 2,906,193,000 2,823,036,000 2,433,436,000 2,346,174,000 2,391,419,000 2,386,170,000 2,253,554,000 2,330,785,000 2,527,027,000 2,323,212,000 2,388,869,000 2,395,026,000 2,347,000,000 2,410,000,000 2,519,000,000 2,540,000,000 2,660,000,000 2,511,000,000 2,569,000,000 2,632,000,000 2,604,000,000 2,746,000,000 2,647,000,000 2,721,000,000 2,846,000,000 3,165,000,000 
      liabilities and equity
    		                                                         
      accounts payable
    		250,000,000 225,000,000 251,000,000 343,000,000 243,000,000 198,000,000 221,000,000 362,000,000 238,000,000 209,000,000 222,000,000 356,000,000 221,000,000 217,000,000 212,000,000 265,000,000 190,000,000 192,000,000 159,000,000 209,000,000 143,000,000 151,000,000 169,000,000 286,000,000 248,000,000 164,000,000 168,000,000 245,000,000 181,000,000 84,331,000 79,959,000 145,405,000 76,766,000 76,456,000 72,277,000 124,439,000 79,024,000 74,484,000 80,618,000 77,516,000 80,450,000 76,569,000 139,120,000 79,000,000 75,000,000 86,000,000 114,000,000 94,000,000 81,000,000 81,000,000 129,000,000 113,000,000 79,000,000 81,000,000 89,000,000 145,000,000 67,000,000 
      advance deposits
    		166,000,000 164,000,000 167,000,000 162,000,000 167,000,000 166,000,000 176,000,000 164,000,000 169,000,000 175,000,000 178,000,000 158,000,000 178,000,000 195,000,000 194,000,000 160,000,000 166,000,000 176,000,000 167,000,000 147,000,000 154,000,000 153,000,000 161,000,000 187,000,000 185,000,000 186,000,000 128,000,000 113,000,000 124,000,000 95,816,000 96,647,000 63,062,000 60,247,000 59,401,000 61,685,000 55,542,000 86,130,000 80,876,000 77,141,000 66,436,000 64,148,000 63,439,000 69,064,000 55,000,000 55,000,000 53,000,000 60,000,000 44,000,000 46,000,000 47,000,000 48,000,000 42,000,000 43,000,000 44,000,000 42,000,000 46,000,000 56,000,000 
      accrued liabilities
    		374,000,000 363,000,000 426,000,000 384,000,000 384,000,000 371,000,000 384,000,000 343,000,000 359,000,000 322,000,000 334,000,000 369,000,000 342,000,000 330,000,000 347,000,000 345,000,000 375,000,000 375,000,000 345,000,000 349,000,000 320,000,000 317,000,000 344,000,000 397,000,000 293,000,000 417,000,000 520,000,000 423,000,000 370,000,000 99,469,000 121,975,000 168,591,000 128,236,000 112,916,000 154,056,000 147,469,000 144,475,000 132,733,000 178,642,000 150,928,000 137,261,000 171,325,000 164,791,000 147,000,000 168,000,000 210,000,000 166,000,000 149,000,000 152,000,000 175,000,000 185,000,000 181,000,000 147,000,000 127,000,000 121,000,000 121,000,000 118,000,000 
      deferred revenue
    		344,000,000 397,000,000 442,000,000 354,000,000 350,000,000 418,000,000 482,000,000 382,000,000 371,000,000 417,000,000 448,000,000 344,000,000 346,000,000 372,000,000 507,000,000 453,000,000 540,000,000 474,000,000 524,000,000 488,000,000 488,000,000 470,000,000 536,000,000 433,000,000 436,000,000 356,000,000 437,000,000 319,000,000 325,000,000 98,500,000 114,243,000 98,286,000 103,376,000 115,536,000 127,607,000 95,495,000 47,000,000 30,600,000 28,562,000 44,499,000 32,845,000 27,018,000 35,276,000 23,000,000 19,000,000 16,000,000 39,000,000 19,000,000 21,000,000 21,000,000 19,000,000 32,000,000 49,000,000 35,000,000 27,000,000 29,000,000 48,000,000 
      payroll and benefits liability
    		203,000,000 176,000,000 208,000,000 220,000,000 203,000,000 163,000,000 209,000,000 205,000,000 193,000,000 174,000,000 206,000,000 251,000,000 248,000,000 204,000,000 214,000,000 201,000,000 201,000,000 205,000,000 188,000,000 157,000,000 185,000,000 153,000,000 164,000,000 186,000,000 185,000,000 172,000,000 172,000,000 211,000,000 194,000,000 85,216,000 81,425,000 111,885,000 97,080,000 87,000,000 81,175,000 95,516,000 81,720,000 75,309,000 75,749,000 87,871,000 74,582,000 73,347,000 104,331,000 77,000,000 67,000,000 66,000,000 93,000,000 80,000,000 74,000,000 66,000,000 82,000,000 82,000,000 72,000,000 59,000,000 52,000,000 55,000,000 71,000,000 
      deferred compensation liability
    		217,000,000 203,000,000 186,000,000 195,000,000 191,000,000 179,000,000 173,000,000 168,000,000 156,000,000 154,000,000 147,000,000 139,000,000 130,000,000 130,000,000 136,000,000 142,000,000 135,000,000 131,000,000 124,000,000 127,000,000 117,000,000 112,000,000 103,000,000 110,000,000 104,000,000 102,000,000 100,000,000 93,000,000 94,000,000 82,624,000 79,201,000 74,851,000 72,803,000 69,928,000 67,022,000 62,874,000 59,877,000 57,567,000 55,437,000 48,468,000 46,534,000 44,598,000 51,031,000 40,000,000 39,000,000 38,000,000 42,000,000 37,000,000 37,000,000 37,000,000 37,000,000 45,000,000 45,000,000 45,000,000 47,000,000 47,000,000 63,000,000 
      securitized debt
    		2,107,000,000 2,188,000,000 2,147,000,000 2,136,000,000 2,248,000,000 2,098,000,000 2,178,000,000 2,096,000,000 2,026,000,000 2,028,000,000 1,936,000,000 1,938,000,000 1,809,000,000 1,846,000,000 1,779,000,000 1,856,000,000 1,594,000,000 1,775,000,000 1,431,000,000 1,588,000,000 1,751,000,000 1,887,000,000 1,926,000,000 1,871,000,000 1,686,000,000 1,792,000,000 1,688,000,000 1,694,000,000 1,688,000,000                             
      debt
    		3,533,000,000 3,197,000,000 3,151,000,000 3,089,000,000 3,038,000,000 3,137,000,000 3,111,000,000 3,049,000,000 3,031,000,000 3,001,000,000 3,129,000,000 3,088,000,000 2,749,000,000 2,748,000,000 2,751,000,000 2,631,000,000 2,795,000,000 3,528,000,000 3,025,000,000 2,680,000,000 2,680,000,000 2,680,000,000 2,778,000,000 2,216,000,000 2,294,000,000 2,157,000,000 2,201,000,000 2,124,000,000 2,235,000,000 1,332,276,000 1,012,350,000 1,095,213,000 1,153,222,000 773,557,000 683,767,000 737,224,000 804,721,000 733,828,000 689,234,000 769,716,000 561,133,000 618,946,000 678,793,000 538,000,000 570,000,000 597,000,000 711,000,000 751,000,000 647,000,000 686,000,000 678,000,000 678,000,000 793,000,000 714,000,000 774,000,000 850,000,000 833,000,000 
      deferred taxes
    		357,000,000 358,000,000 335,000,000 345,000,000 372,000,000 370,000,000 328,000,000 280,000,000 335,000,000 344,000,000 339,000,000 331,000,000 374,000,000 342,000,000 333,000,000 350,000,000 325,000,000 347,000,000 286,000,000 274,000,000 306,000,000 289,000,000 290,000,000 300,000,000 307,000,000 343,000,000 332,000,000 318,000,000 266,000,000 101,760,000 96,549,000 90,725,000 169,295,000 156,835,000 149,574,000 149,168,000 132,735,000 126,093,000 114,765,000 94,544,000 96,748,000 87,494,000 104,384,000 93,000,000 58,000,000 61,000,000 79,000,000 66,000,000 41,000,000 42,000,000 60,000,000 43,000,000 67,000,000 61,000,000 70,000,000  403,000,000 
      total liabilities
    		7,684,000,000 7,403,000,000 7,447,000,000 7,367,000,000 7,321,000,000 7,239,000,000 7,489,000,000 7,298,000,000 7,043,000,000 7,004,000,000 7,122,000,000 7,141,000,000 6,609,000,000 6,594,000,000 6,679,000,000 6,627,000,000 6,539,000,000 7,402,000,000 6,449,000,000 6,216,000,000 6,328,000,000 6,397,000,000 6,660,000,000 6,183,000,000 5,937,000,000 5,753,000,000 5,761,000,000 5,552,000,000 5,492,000,000 1,991,929,000 1,693,721,000 1,861,173,000 1,873,814,000 1,464,618,000 1,412,925,000 1,483,600,000 1,517,896,000 1,406,806,000 1,411,759,000 1,491,056,000 1,262,588,000 1,346,363,000 1,418,759,000 1,217,000,000 1,236,000,000 1,331,000,000 1,460,000,000 1,442,000,000 1,321,000,000 1,401,000,000 1,423,000,000 1,453,000,000 1,594,000,000 1,493,000,000 1,573,000,000 1,712,000,000 1,517,000,000 
      contingencies and commitments
    		                                                         
      preferred stock — 0.01 par value; 2,000,000 shares authorized; none issued or outstanding
    		                                                         
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,891,531 and 75,852,678 shares issued, respectively
    		1,000,000                                                         
      treasury stock
    		-2,403,000,000 -2,404,000,000 -2,406,000,000 -2,378,000,000 -2,370,000,000 -2,362,000,000 -2,351,000,000 -2,332,000,000 -2,298,000,000 -2,213,000,000 -2,132,000,000 -2,054,000,000 -1,882,000,000 -1,666,000,000 -1,474,000,000 -1,356,000,000 -1,282,000,000 -1,278,000,000 -1,334,000,000 -1,334,000,000 -1,334,000,000 -1,334,000,000 -1,335,000,000 -1,253,000,000 -1,130,000,000 -1,004,000,000 -895,000,000 -790,000,000 -696,000,000 -695,746,000 -695,944,000 -694,233,000 -689,134,000 -610,115,000 -606,411,000 -606,631,000 -592,700,000 -593,052,000 -503,218,000 -335,339,000 -295,466,000 -277,629,000 -429,990,000 -161,000,000 -115,000,000 -63,000,000 -229,000,000    -26,000,000       
      additional paid-in capital
    		3,988,000,000 3,979,000,000 3,968,000,000 3,975,000,000 3,969,000,000 3,959,000,000 3,951,000,000 3,955,000,000 3,953,000,000 3,947,000,000 3,937,000,000 3,941,000,000 3,968,000,000 3,963,000,000 3,945,000,000 4,072,000,000 4,056,000,000 4,047,000,000 3,843,000,000 3,760,000,000 3,749,000,000 3,736,000,000 3,729,000,000 3,738,000,000 3,740,000,000 3,730,000,000 3,717,000,000 3,721,000,000 3,697,000,000 1,190,448,000 1,184,106,000 1,188,538,000 1,184,635,000 1,161,507,000 1,159,454,000 1,162,283,000 1,142,480,000 1,139,366,000 1,149,442,000 1,138,049,000 1,135,143,000 1,128,615,000 1,150,731,000 1,109,000,000 1,129,000,000 1,127,000,000 1,137,000,000 1,122,000,000 1,119,000,000 1,116,000,000 1,130,000,000 1,116,000,000 1,113,000,000 1,122,000,000 1,118,000,000 1,117,000,000  
      accumulated other comprehensive loss
    		-14,000,000 -14,000,000 -9,000,000          6,000,000 -1,000,000 4,000,000 -16,000,000 -39,000,000 -38,000,000 -45,000,000  -67,000,000 -75,000,000 -77,000,000                                   
      retained earnings
    		893,000,000 922,000,000 881,000,000 852,000,000 830,000,000 773,000,000 763,000,000 742,000,000 734,000,000 718,000,000 654,000,000 593,000,000 533,000,000 448,000,000 338,000,000 275,000,000 237,000,000 250,000,000 244,000,000 272,000,000 309,000,000 371,000,000 441,000,000 569,000,000 520,000,000 548,000,000 519,000,000 523,000,000 478,000,000 554,795,000 554,709,000 533,601,000 436,196,000 404,869,000 370,137,000 346,341,000 306,024,000 287,333,000 259,499,000 219,593,000 205,828,000 179,705,000 243,781,000 162,000,000 137,000,000 101,000,000 155,000,000 76,000,000 51,000,000 32,000,000 82,000,000 14,000,000 21,000,000 15,000,000 7,000,000   
      total mvw stockholders' equity
    		2,465,000,000 2,484,000,000 2,435,000,000 2,442,000,000 2,419,000,000 2,372,000,000 2,379,000,000 2,382,000,000                                                  
      noncontrolling interests
    		   -1,000,000   -1,000,000  2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 1,000,000 10,000,000 10,000,000 31,000,000 30,000,000 29,000,000 31,000,000 25,000,000 21,000,000 13,000,000 12,000,000 10,000,000 6,000,000 5,000,000  25,000,000                             
      total equity
    		2,465,000,000 2,484,000,000 2,435,000,000 2,441,000,000 2,419,000,000 2,372,000,000 2,378,000,000 2,382,000,000 2,410,000,000 2,478,000,000 2,480,000,000 2,498,000,000 2,628,000,000 2,746,000,000 2,824,000,000 2,986,000,000 3,004,000,000 3,012,000,000 2,738,000,000 2,682,000,000 2,683,000,000 2,720,000,000 2,772,000,000 3,031,000,000 3,122,000,000 3,270,000,000 3,351,000,000 3,466,000,000 3,521,000,000 1,065,641,000 1,066,230,000 1,045,020,000 949,222,000 968,818,000 933,249,000 907,819,000 868,274,000 846,748,000 919,026,000 1,035,971,000 1,060,624,000 1,042,506,000 976,267,000 1,130,000,000 1,174,000,000 1,188,000,000 1,080,000,000 1,218,000,000 1,190,000,000 1,168,000,000 1,209,000,000 1,151,000,000 1,152,000,000 1,154,000,000 1,148,000,000 1,134,000,000  
      total liabilities and equity
    		10,149,000,000 9,887,000,000 9,882,000,000 9,808,000,000 9,740,000,000 9,611,000,000 9,867,000,000 9,680,000,000 9,453,000,000 9,482,000,000 9,602,000,000 9,639,000,000 9,237,000,000 9,340,000,000 9,503,000,000 9,613,000,000 9,543,000,000 10,414,000,000 9,187,000,000 8,898,000,000 9,011,000,000 9,117,000,000 9,432,000,000 9,214,000,000 9,059,000,000 9,023,000,000 9,112,000,000 9,018,000,000 9,013,000,000 3,057,570,000 2,759,951,000 2,906,193,000 2,823,036,000 2,433,436,000 2,346,174,000 2,391,419,000 2,386,170,000 2,253,554,000 2,330,785,000 2,527,027,000 2,323,212,000 2,388,869,000 2,395,026,000 2,347,000,000 2,410,000,000 2,519,000,000 2,540,000,000 2,660,000,000 2,511,000,000 2,569,000,000 2,632,000,000 2,604,000,000 2,746,000,000 2,647,000,000 2,721,000,000 2,846,000,000  
      the abbreviation vies above means variable interest entities.
    		                                                         
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,889,673 and 75,852,678 shares issued, respectively
    		 1,000,000                                                        
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,855,593 and 75,852,678 shares issued, respectively
    		  1,000,000                                                       
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,852,678 and 75,807,882 shares issued, respectively
    		   1,000,000                                                      
      accumulated other comprehensive income
    		   -8,000,000 -11,000,000 1,000,000 15,000,000 16,000,000 18,000,000 23,000,000 18,000,000 15,000,000        -48,000,000    -36,000,000 -19,000,000 -11,000,000 4,000,000 6,000,000 16,000,000 15,774,000 22,989,000 16,745,000 17,156,000 12,189,000 9,701,000 5,460,000 12,104,000 12,735,000 12,937,000 13,305,000 14,756,000 11,452,000 11,381,000 20,000,000 23,000,000 23,000,000 17,000,000 20,000,000 20,000,000 20,000,000 23,000,000 21,000,000 18,000,000 17,000,000 23,000,000 19,000,000 29,000,000 
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,847,792 and 75,807,882 shares issued, respectively
    		    1,000,000 1,000,000                                                    
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,847,526 and 75,807,882 shares issued, respectively
    		      1,000,000                                                   
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,807,882 and 75,744,524 shares issued, respectively
    		       1,000,000                                                  
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,807,873 and 75,744,524 shares issued, respectively
    		        1,000,000                                                 
      total mvw shareholders' equity
    		        2,408,000,000 2,476,000,000 2,478,000,000 2,496,000,000 2,626,000,000 2,745,000,000 2,814,000,000 2,976,000,000 2,973,000,000 2,982,000,000 2,709,000,000 2,651,000,000 2,658,000,000 2,699,000,000 2,759,000,000 3,019,000,000 3,112,000,000 3,264,000,000 3,346,000,000 3,461,000,000 3,496,000,000                             
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,806,578 and 75,744,524 shares issued, respectively
    		         1,000,000                                                
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,805,974 and 75,744,524 shares issued, respectively
    		          1,000,000                                               
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,744,524 and 75,519,049 shares issued, respectively
    		           1,000,000                                              
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,744,121 and 75,519,049 shares issued, respectively
    		            1,000,000                                             
      accounts receivable
    		             244,000,000 234,000,000 279,000,000 223,000,000 217,000,000 219,000,000 276,000,000 272,000,000 287,000,000 267,000,000 323,000,000 372,000,000 327,000,000 277,000,000 324,000,000 236,000,000 67,619,000 63,038,000                           
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,741,585 and 75,519,049 shares issued, respectively
    		             1,000,000                                            
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,721,548 and 75,519,049 shares issued, respectively
    		              1,000,000                                           
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,519,049 and 75,279,061 shares issued, respectively
    		               1,000,000                                          
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,491,621 and 75,279,061 shares issued, respectively
    		                1,000,000                                         
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,457,876 and 75,279,061 shares issued, respectively
    		                 1,000,000                                        
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,454,906 and 75,279,061 shares issued, respectively
    		                  1,000,000                                       
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,279,061 and 75,020,272 shares issued, respectively
    		                   1,000,000                                      
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,250,627 and 75,020,272 shares issued, respectively
    		                    1,000,000                                     
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,249,855 and 75,020,272 shares issued, respectively
    		                     1,000,000                                    
      common stock — 0.01 par value; 100,000,000 shares authorized; 75,235,823 and 75,020,272 shares issued, respectively
    		                      1,000,000                                   
      preferred stock — .01 par value; 2,000,000 shares authorized; none issued or outstanding
    		                                                         
      common stock — .01 par value; 100,000,000 shares authorized; 75,020,272 and 57,626,462 shares issued, respectively
    		                       1,000,000                                  
      common stock — 0.01 par value; 100,000,000 shares authorized; 57,874,390 and 57,626,462 shares issued, respectively
    		                        1,000,000                                 
      common stock — 0.01 par value; 100,000,000 shares authorized; 57,862,278 and 57,626,462 shares issued, respectively
    		                         1,000,000                                
      common stock — 0.01 par value; 100,000,000 shares authorized; 57,839,682 and 57,626,462 shares issued, respectively
    		                          1,000,000                               
      common stock — .01 par value; 100,000,000 shares authorized; 57,626,462 and 36,861,843 shares issued, respectively
    		                           1,000,000                              
      noncontrolling interest
    		                           5,000,000                              
      common stock — 0.01 par value; 100,000,000 shares authorized; 57,611,046 and 36,861,843 shares issued, respectively
    		                            1,000,000                             
      common stock — 0.01 par value; 100,000,000 shares authorized; 36,981,204 and 36,861,843 shares issued, respectively
    		                             370,000                            
      common stock — 0.01 par value; 100,000,000 shares authorized; 36,976,481 and 36,861,843 shares issued, respectively
    		                              370,000                           
      common stock — .01 par value; 100,000,000 shares authorized; 36,861,843 and 36,633,868 shares issued, respectively
    		                               369,000                          
      common stock — 0.01 par value; 100,000,000 shares authorized; 36,857,186 and 36,633,868 shares issued, respectively
    		                                369,000                         
      operating activities
    		                                                         
      net income
    		                                118,738,000   137,348,000 87,524,000 60,717,000 24,408,000 89,650,000 68,095,000 34,054,000 122,799,000 80,000,000 55,000,000 19,000,000 81,000,000 74,000,000 49,000,000 18,000,000 80,000,000 16,000,000 23,000,000 17,000,000 9,000,000 -178,000,000 -186,000,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                         
      depreciation
    		                                15,802,000   21,044,000 14,856,000 10,177,000 5,125,000 13,850,000 8,558,000 4,065,000 22,217,000 13,000,000 9,000,000 4,000,000 19,000,000 16,000,000 11,000,000 6,000,000 23,000,000 30,000,000 21,000,000 14,000,000 7,000,000 33,000,000 23,000,000 
      amortization of debt discount and issuance costs
    		                                5,783,000                         
      benefit from loan losses
    		                                38,577,000   47,292,000 31,817,000 19,591,000 8,287,000 22,753,000 15,662,000 8,437,000 33,083,000 22,000,000 15,000,000 7,000,000 30,000,000 26,000,000 18,000,000 9,000,000 36,000,000 42,000,000 29,000,000 23,000,000 9,000,000 37,000,000  
      share-based compensation
    		                                12,349,000   13,949,000 9,995,000 6,856,000 2,524,000 9,633,000 6,588,000 2,643,000 14,142,000 9,000,000 6,000,000 2,000,000 13,000,000 8,000,000 6,000,000 2,000,000 12,000,000 12,000,000 8,000,000 6,000,000 3,000,000 11,000,000  
      gain on disposal of property and equipment
    		                                1,683,000   -11,201,000 -11,129,000 -10,675,000  -9,492,000 -9,512,000 -887,000 -9,557,000   -1,000,000 -5,000,000 -1,000,000 -1,000,000 -1,000,000  -8,000,000    -2,000,000  
      deferred income taxes
    		                                20,769,000   38,834,000 21,823,000 15,792,000 5,549,000 17,261,000 17,850,000 8,600,000 28,162,000 29,000,000  -2,000,000 19,000,000 23,000,000 -1,000,000 -1,000,000 18,000,000 -50,000,000 -24,000,000 -17,000,000 -8,000,000 -57,000,000  
      net change in assets and liabilities:
    		                                                         
      notes receivable originations
    		                                -345,663,000   -356,859,000 -218,190,000 -124,318,000 -57,524,000 -189,029,000 -112,060,000 -48,946,000 -311,195,000 -170,000,000 -104,000,000 -45,000,000 -268,000,000 -166,000,000 -100,000,000 -44,000,000 -260,000,000 -262,000,000 -164,000,000 -99,000,000    
      notes receivable collections
    		                                203,840,000   253,622,000 177,451,000 120,548,000 60,532,000 192,852,000 132,397,000 67,518,000 270,170,000 204,000,000 137,000,000 71,000,000 287,000,000 217,000,000 148,000,000 74,000,000 310,000,000 311,000,000 217,000,000 148,000,000    
      purchase of vacation ownership units for future transfer to inventory
    		                                -33,594,000                         
      other assets
    		                                23,110,000   11,092,000 38,103,000 26,111,000 -5,285,000 26,524,000 8,154,000 -8,096,000 -10,648,000 46,000,000 27,000,000 2,000,000 9,000,000 33,000,000  -16,000,000  24,000,000 45,000,000 21,000,000 5,000,000 -24,000,000  
      accounts payable, advance deposits and accrued liabilities
    		                                -64,994,000   -19,905,000 -64,643,000 -78,190,000 -27,836,000 -52,380,000 -66,223,000 -25,064,000 23,419,000 -66,000,000 -56,000,000 -9,000,000 -11,000,000 -74,000,000 -83,000,000 -35,000,000 -16,000,000 21,000,000 -42,000,000 -56,000,000 -60,000,000 48,000,000  
      payroll and benefit liabilities
    		                                1,241,000   -6,933,000 -20,898,000 -27,313,000 -28,586,000 -4,959,000 -18,382,000 -19,583,000 11,380,000  -15,000,000 -16,000,000 9,000,000 -2,000,000 -7,000,000 -15,000,000  27,000,000 17,000,000 4,000,000 -3,000,000 -25,000,000  
      other liabilities
    		                                -638,000   1,863,000 7,138,000 20,348,000 39,399,000 6,236,000 18,013,000 27,937,000 1,060,000 3,000,000 15,000,000 27,000,000 -3,000,000 1,000,000 12,000,000 22,000,000  -5,000,000 4,000,000 17,000,000 18,000,000   
      net cash from operating activities
    		                                70,787,000   140,172,000 90,885,000 21,078,000 9,878,000 100,724,000 78,665,000 32,069,000 109,034,000 206,000,000 98,000,000 48,000,000 291,000,000 123,000,000 34,000,000 -11,000,000 162,000,000 163,000,000 158,000,000 106,000,000 25,000,000 321,000,000 249,000,000 
      investing activities
    		                                                         
      capital expenditures for property and equipment
    		                                -21,167,000   -34,770,000 -22,445,000 -15,142,000 -6,331,000 -20,873,000 -15,718,000 -10,562,000 -35,735,000   -1,000,000 -15,000,000 -11,000,000 -7,000,000 -3,000,000 -22,000,000 -17,000,000 -11,000,000 -7,000,000 -3,000,000 -15,000,000 -11,000,000 
      purchase of company owned life insurance
    		                                -12,100,000                         
      dispositions
    		                                17,000   68,953,000 68,525,000 69,738,000 9,000 20,605,000 20,346,000 197,000 20,644,000 33,000,000 33,000,000 22,000,000 82,000,000 3,000,000 3,000,000 3,000,000 3,000,000 8,000,000    19,000,000 1,000,000 
      net cash from investing activities
    		                                -33,250,000   39,021,000 -629,000 57,565,000 9,811,000 -60,542,000 48,386,000 36,738,000 -25,068,000 46,000,000 74,000,000 33,000,000 43,000,000 -4,000,000  22,000,000 -36,000,000 3,000,000 1,000,000 5,000,000 19,000,000 9,000,000 -10,000,000 
      common stock — 0.01 par value; 100,000,000 shares authorized; 36,839,064 and 36,633,868 shares issued, respectively
    		                                 368,000                        
      common stock — 0.01 par value; 100,000,000 shares authorized; 36,787,613 and 36,633,868 shares issued, respectively
    		                                  368,000                       
      mandatorily redeemable preferred stock of consolidated subsidiary
    		                                    39,108,000 39,068,000 39,029,000 38,935,000 38,895,000 38,856,000 38,989,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000  
      common stock — .01 par value; 100,000,000 shares authorized; 36,633,868 and 36,393,800 shares issued, respectively
    		                                   366,000                      
      amortization of debt issuance costs
    		                                   6,509,000 3,784,000 2,559,000 1,300,000 3,739,000 2,506,000 1,267,000 5,586,000 4,000,000 3,000,000 1,000,000 5,000,000 4,000,000 3,000,000 1,000,000 6,000,000 7,000,000 5,000,000 3,000,000 2,000,000 4,000,000  
      employee stock purchase plan
    		                                   1,317,000 673,000 307,000     560,000               
      non-cash litigation settlement
    		                                   -303,000    -262,000 -262,000 -262,000 -262,000    24,000,000           
      impairment charges
    		                                          324,000 1,000,000 1,000,000  1,000,000 1,000,000 1,000,000  1,000,000     324,000,000  
      purchase of operating properties for future conversion to inventory
    		                                                         
      liability for marriott rewards customer loyalty program
    		                                   -37,000    73,904,000 79,939,000 84,811,000 35,000 92,000,000 100,000,000 107,000,000 89,000,000 126,000,000 134,000,000 147,000,000 114,000,000 159,000,000      
      purchase of operating property to be sold
    		                                                         
      decrease (increase) in restricted cash
    		                                   4,838,000       37,681,000         12,000,000  9,000,000    
      financing activities
    		                                                         
      borrowings from securitization transactions
    		                                   376,622,000 376,622,000 91,281,000 51,130,000 255,000,000   255,000,000 23,000,000 23,000,000  263,000,000 361,000,000 111,000,000 111,000,000 361,000,000 238,000,000 238,000,000   125,000,000  
      repayment of debt related to securitization transactions
    		                                   -322,864,000 -254,510,000 -84,040,000 -47,711,000 -186,383,000 -143,374,000 -78,811,000 -278,427,000 -163,000,000 -131,000,000 -81,000,000 -230,000,000 -288,000,000 -142,000,000  -361,000,000       
      borrowings from revolving corporate credit facility
    		                                   85,000,000 85,000,000 85,000,000                    
      repayment of revolving corporate credit facility
    		                                   -85,000,000 -85,000,000 -40,000,000               -15,000,000 -15,000,000    
      proceeds from vacation ownership inventory arrangement
    		                                       5,375,000 5,375,000 5,375,000 5,375,000               
      debt issuance costs
    		                                   -4,065,000 -4,065,000 -231,000  -4,405,000 -30,000  -5,335,000    -7,000,000 -5,000,000    -7,000,000    -10,000,000  
      repurchase of common stock
    		                                   -177,830,000 -163,359,000 -163,359,000 -73,228,000 -106,110,000 -66,237,000 -51,281,000 -201,380,000 -160,000,000 -89,000,000  -203,000,000           
      redemption of mandatorily redeemable preferred stock of consolidated subsidiary
    		                                   -40,000,000                      
      payment of dividends
    		                                   -34,195,000 -26,067,000 -26,067,000 -17,585,000 -16,003,000 -8,085,000 -8,081,000 -23,793,000    -8,000,000           
      proceeds from stock option exercises
    		                                   7,000    96,000 92,000 90,000 97,000 2,000,000 1,000,000  3,000,000 2,000,000 2,000,000 1,000,000 4,000,000 9,000,000 4,000,000 3,000,000 2,000,000   
      common stock — 0.01 par value; 100,000,000 shares authorized; 36,626,327 and 36,393,800 shares issued, respectively
    		                                    366,000                     
      non-cash reversal of litigation settlement
    		                                    -303,000                     
      increase in restricted cash
    		                                    -46,709,000   -12,616,000       -24,000,000    -17,000,000     -15,000,000  
      accelerated stock repurchase forward contract
    		                                    -14,470,000 -14,470,000                    
      payment of withholding taxes on vesting of restricted stock units
    		                                    -3,972,000 -3,876,000 -3,864,000 -9,615,000 -9,353,000 -9,061,000 -10,894,000   -4,000,000 -8,000,000 -4,000,000 -4,000,000 -4,000,000  -4,000,000 -3,000,000 -3,000,000 -3,000,000   
      net cash from financing activities
    		                                    -89,627,000 -155,190,000 -90,667,000 -61,764,000 -221,503,000 -141,689,000 -249,747,000 -305,000,000 -202,000,000 -122,000,000 -185,000,000 66,000,000 -33,000,000 5,000,000 -29,000,000 -172,000,000 -56,000,000 -136,000,000 -77,000,000 -246,000,000 -240,000,000 
      effect of changes in exchange rates on cash and cash equivalents
    		                                    -2,926,000 -3,096,000 530,000 -3,243,000 -1,157,000 -1,453,000 -3,673,000    -2,000,000     -1,000,000 -1,000,000 -2,000,000    
      decrease in cash and cash equivalents
    		                                    -2,297,000 -79,643,000 -70,448,000 -24,825,000 -95,609,000 -74,335,000            -27,000,000    
      cash and cash equivalents, beginning of period
    		                                    177,061,000 177,061,000 177,061,000 346,515,000 346,515,000 346,515,000  200,000,000 200,000,000 200,000,000  103,000,000 103,000,000 103,000,000   110,000,000 110,000,000 110,000,000   
      cash and cash equivalents, end of period
    		                                    174,764,000 97,418,000 106,613,000 321,690,000 250,906,000 272,180,000  146,000,000 170,000,000 159,000,000  288,000,000 104,000,000 119,000,000   212,000,000 83,000,000 77,000,000   
      supplemental disclosures of non-cash investing and financing activities
    		                                                         
      non-cash issuance of note receivable
    		                                       -500,000 -500,000 -500,000 -500,000               
      non-cash impact on additional paid-in capital for changes in deferred tax liabilities distributed to marriott vacations worldwide at spin-off
    		                                       -77,000 -77,000      -4,000,000           
      dividends payable
    		                                    -8,127,000   -7,786,000 -7,914,000  -8,898,000               
      non-cash issuance of treasury stock for employee stock purchase plan
    		                                    673,000 307,000     -560,000               
      disposition accruals not yet paid
    		                                    2,931,000 4,636,000                    
      property acquired via capital lease
    		                                    7,221,000 7,221,000 7,221,000                   
      non-cash transfer of excess inventory to property and equipment for disposition
    		                                    9,741,000 9,741,000                    
      common stock — 0.01 par value; 100,000,000 shares authorized; 36,620,686 and 36,393,800 shares issued, respectively
    		                                     366,000                    
      non-cash reversal of litigation expense
    		                                     -303,000 -303,000                   
      decrease in restricted cash
    		                                     2,969,000 16,133,000  43,758,000 47,103,000  21,000,000 44,000,000 12,000,000  4,000,000 4,000,000 22,000,000   9,000,000  22,000,000   
      common stock — 0.01 par value; 100,000,000 shares authorized; 36,564,810 and 36,393,800 shares issued, respectively
    		                                      366,000                   
      equity method income
    		                                      -28,000 -148,000 -98,000 -13,000 -187,000               
      non-cash transfer of property and equipment to assets held for sale, within other assets
    		                                      45,201,000                   
      common stock — 0.01 par value; 100,000,000 shares authorized; 36,355,412 and 36,089,513 shares issued, respectively
    		                                       363,000                  
      purchase of operating hotels for future conversion to inventory
    		                                       -61,554,000   -61,554,000               
      purchase of operating hotel to be sold
    		                                       -47,658,000   -47,658,000               
      excess tax benefits from share-based compensation
    		                                       68,000   9,380,000    5,000,000    3,000,000 -3,000,000      
      supplemental disclosures of non-cash financing activities
    		                                                         
      common stock — 0.01 par value; 100,000,000 shares authorized; 36,346,990 and 36,089,513 shares issued, respectively
    		                                        363,000                 
      purchase of operating hotel for future conversion to inventory
    		                                        -46,614,000 -46,614,000                
      common stock — 0.01 par value; 100,000,000 shares authorized; 36,333,814 and 36,089,513 shares issued, respectively
    		                                         363,000                
      impairment charges on equity investment
    		                                             2,000,000            
      common stock — .01 par value; 100,000,000 shares authorized; 36,393,800 and 36,089,513 shares issued, respectively
    		                                          364,000               
      impairment (reversals) charges on equity investment
    		                                                       -4,000,000  
      borrowings on revolving corporate credit facility
    		                                               25,000,000 25,000,000 25,000,000 25,000,000 15,000,000 15,000,000 15,000,000  1,000,000  
      repayments on revolving corporate credit facility
    		                                               -25,000,000 -25,000,000 -25,000,000 -25,000,000 -15,000,000    -1,000,000  
      increase in cash and equivalents
    		                                          -169,454,000    147,000,000    97,000,000 -7,000,000    84,000,000 -1,000,000 
      cash and cash equivalents, beginning of year
    		                                          346,515,000    200,000,000    103,000,000 110,000,000    26,000,000  
      cash and cash equivalents, end of year
    		                                          177,061,000    347,000,000    200,000,000 103,000,000    110,000,000  
      supplemental disclosure of non-cash investing and financing activities
    		                                                         
      non-cash transfer of sales centers from inventory to property and equipment
    		                                          30,985,000               
      non-cash impact on additional paid-in capital to correct an immaterial error in deferred revenue at spin-off
    		                                              -1,000,000           
      common stock — .01 par value; 100,000,000 shares authorized; 35,961,779 and 35,637,765 shares issued, respectively
    		                                                         
      increase in cash and cash equivalents
    		                                           -54,000,000 -30,000,000 -41,000,000  185,000,000 1,000,000 16,000,000   102,000,000  -33,000,000   
      non-cash reduction of additional paid-in capital for decrease in deferred tax liabilities distributed to marriott vacations worldwide at spin-off
    		                                             -1,000,000            
      common stock — .01 par value; 100,000,000 shares authorized; 35,878,433 and 35,637,765 shares issued, respectively
    		                                                         
      common stock — .01 par value; 100,000,000 shares authorized; 35,827,949 and 35,637,765 shares issued, respectively
    		                                                         
      purchase of treasury stock
    		                                             -37,000,000     -26,000,000       
      common stock — .01 par value; 100,000,000 shares authorized; 36,089,513 and 35,637,765 shares issued, respectively
    		                                                         
      impairment charges (reversals) on equity investment
    		                                                  1,000,000       
      non-cash impact on additional paid-in capital for elimination of a receivable from marriott international at spin-off
    		                                                         
      non-cash assumption of other debt
    		                                                   1,000,000      
      common stock — .01 par value; 100,000,000 shares authorized; 35,394,854 and 35,026,533 shares issued and outstanding, respectively
    		                                                         
      impairment reversals on equity investment
    		                                                   -2,000,000 -2,000,000 -2,000,000    
      supplemental disclosure of non-cash financing activities
    		                                                         
      non-cash reduction of additional paid-in capital for increase in deferred tax liabilities distributed to marriott vacations worldwide at spin-off
    		                                                   -16,000,000 -12,000,000     
      preferred stock—.01 par value; 2,000,000 shares authorized; none issued or outstanding
    		                                                         
      common stock—.01 par value; 100,000,000 shares authorized; 35,369,314 and 35,026,533 shares issued and outstanding, respectively
    		                                                         
      common stock—.01 par value; 100,000,000 shares authorized; 35,326,993 and 35,026,533 shares issued and outstanding, respectively
    		                                                         
      repayment of debt related to securitizations
    		                                                 -103,000,000  -411,000,000 -295,000,000 -136,000,000 -76,000,000 -295,000,000 -187,000,000 
      common stock — .01 par value; 100,000,000 shares authorized; 35,637,765 and 35,026,533 shares issued, respectively
    		                                                         
      note collections
    		                                                       20,000,000 20,000,000 
      repayment of third party debt
    		                                                       -2,000,000 -2,000,000 
      net distribution to marriott international
    		                                                       -64,000,000  
      non-cash reduction of additional paid-in capital for elimination of a receivable from marriott international at spin-off
    		                                                   -5,000,000      
      non-cash settlement of transactions with marriott international through equity
    		                                                       478,000,000  
      issuance of preferred stock to marriott international
    		                                                       40,000,000  
      equity distribution payable to marriott international
    		                                                       -23,000,000  
      issuance of common stock for exercise of stock options
    		                                                       1,000,000  
      preferred stock, .01 par value; 2,000,000 shares authorized; none issued or outstanding
    		                                                         
      common stock
    		                                                         
      equity method (income) loss
    		                                                   -1,000,000      
      notes receivable
    		                                                    1,065,000,000 1,076,000,000 1,110,000,000 1,149,000,000 1,178,000,000 
      liability for marriott rewards loyalty program
    		                                                    179,000,000 194,000,000 215,000,000 225,000,000 179,000,000 
      common stock—.01 par value; 100,000,000 shares authorized; 34,415,985 and 33,845,700 shares issued and outstanding, respectively
    		                                                         
      impairment charge
    		                                                        324,000,000 
      proceeds from sale of property and equipment
    		                                                    3,000,000 3,000,000    
      common stock—.01 par value; 100,000,000 shares authorized; 34,334,887 and 33,845,700 shares issued and outstanding, respectively
    		                                                         
      preferred stock – .01 par value; 2,000,000 shares authorized; none issued or outstanding
    		                                                         
      common stock – .01 par value; 100,000,000 shares authorized; 34,221,695 and 33,845,700 shares issued and outstanding, respectively
    		                                                         
      net contribution from marriott international
    		                                                         
      preferred stock, .01 par value; authorized 2,000,000 shares, none issued or outstanding at december 30, 2011
    		                                                         
      divisional equity
    		                                                         
      retained deficit for the period subsequent to november 20, 2011
    		                                                       -2,000,000  
      increase in fair value of retained interests in securitizations
    		                                                         
      equity method loss
    		                                                         
      non-cash restructuring charges
    		                                                         
      note advances
    		                                                         
      liabilities and divisional equity
    		                                                         
      net parent investment
    		                                                        1,619,000,000 
      total liabilities and divisional equity
    		                                                        3,165,000,000 
      income taxes
    		                                                        -70,000,000 
      real estate inventory spending less than cost of sales
    		                                                        92,000,000 
      notes receivable collections in excess of new mortgages
    		                                                        53,000,000 
      financially reportable sales less than closed sales
    		                                                        4,000,000 
      decrease in accounts payable
    		                                                        -20,000,000 
      all other, including other working capital charges
    		                                                        29,000,000 
      net transfers to parent
    		                                                        -71,000,000 
      cash and cash equivalents, beginning
    		                                                        26,000,000 
      cash and cash equivalents, end
    		                                                        25,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.