MARRIOTT VACATIONS WORLDWIDE Corp
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
VAC$115.13+4.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
Fiscal Year-End 2025 and 2024
(In millions, except share and per share data)
| 2025 | 2024 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $406 | $197 |
| Restricted cash (including $81 and $82 from VIEs, respectively) | 327 | 331 |
| Accounts and contracts receivable, net (including $15 and $16 from VIEs, respectively) | 428 | 387 |
| Vacation ownership notes receivable, net (including $1,900 and $1,917 from VIEs, respectively) | 2,565 | 2,440 |
| Inventory | 692 | 735 |
| Property and equipment, net | 950 | 1,170 |
| Goodwill | 2,958 | 3,117 |
| Intangibles, net | 711 | 790 |
| Other (including $168 and $131 from VIEs, respectively) | 720 | 641 |
| TOTAL ASSETS | $9,757 | $9,808 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | $358 | $343 |
| Advance deposits | 163 | 162 |
| Accrued liabilities (including $4 and $4 from VIEs, respectively) | 376 | 384 |
| Deferred revenue and other | 371 | 354 |
| Payroll and benefits liability | 218 | 220 |
| Deferred compensation liability | 225 | 195 |
| Securitized debt, net (including $2,173 and $2,163 from VIEs, respectively) | 2,146 | 2,136 |
| Debt, net | 3,534 | 3,089 |
| Other | 142 | 139 |
| Deferred taxes | 231 | 345 |
| TOTAL LIABILITIES | 7,764 | 7,367 |
| Contingencies and commitments (Note 12) | ||
| 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 | 1 |
| Treasury stock — at cost; 41,767,498 and 40,974,753 shares, respectively | (2,427) | (2,378) |
| Additional paid-in capital | 3,996 | 3,975 |
| Accumulated other comprehensive income | (11) | (8) |
| Retained earnings | 434 | 852 |
| TOTAL MVW STOCKHOLDERS' EQUITY | 1,993 | 2,442 |
| Noncontrolling interests | — | (1) |
| TOTAL EQUITY | 1,993 | 2,441 |
| TOTAL LIABILITIES AND EQUITY | $9,757 | $9,808 |
The abbreviation VIEs above means Variable Interest Entities.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.