Securitized Vacation Ownership Debt
3 Months Ended
Mar. 31, 2015
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Securitized Vacation Ownership Debt

Note 9. Securitized Vacation Ownership Debt

As discussed in Note 6, 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,
2015
    December 31,
2014
 

2009 securitization, interest rate at 5.81%, maturing 2015

   $ 8      $ 13   

2010 securitization, interest rates ranging from 3.65% to 4.75%, maturing 2021

     66        72   

2011 securitization, interest rates ranging from 3.67% to 4.82%, maturing 2025

     77        81   

2012 securitization, interest rates ranging from 2.00% to 2.76%, maturing 2023

     78        83   
  

 

 

   

 

 

 
     229        249   

Less current maturities

     (65     (73
  

 

 

   

 

 

 

Long-term securitized debt

   $ 164      $ 176