Securitized Vacation Ownership Debt (Tables)
 3 Months Ended
Mar. 31, 2015
Text Block [Abstract]  
Long-Term and Short-Term 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