7 unchanged sentences
The following table sets forth the scheduled maturities and the total fair value as of year-end 2020 for our financial instruments that are impacted by market risks:
−Removed: ($ in millions)
−Removed: Maturities by Period
−Removed: Total Carrying Value
+Added: ($ in millions) Average
+Added: Rate Maturities by Period
+Added: 2021 2022 2023 2024 2025 Thereafter Total Carrying Value Total
Assets – Maturities represent expected principal receipts;
fair values represent assets
−Removed: Originated vacation ownership notes receivable — non-securitized
−Removed: Originated vacation ownership notes receivable — securitized
−Removed: Acquired vacation ownership notes receivable — non-securitized
−Removed: Acquired vacation ownership notes receivable — securitized
+Added: Vacation ownership notes receivable — non-securitized 12.7% $ 43 $ 36 $ 31 $ 29 $ 29 $ 179 $ 347 $ 356
+Added: Vacation ownership notes receivable — securitized 12.9% $ 168 $ 165 $ 168 $ 167 $ 168 $ 657 $ 1,493 $ 1,530
Liabilities – Maturities represent expected principal payments;
1 unchanged sentence
Securitized debt 2.8% $ (170) $ (171) $ (175) $ (176) $ (181) $ (731) $ (1,604) $ (1,653)
+Added: Senior secured notes
+Added: 2025 Notes 6.1% $ — $ — $ — $ — $ (500) $ — $ (500) $ (533)
Senior unsecured notes
−Removed: Revolving Corporate Credit Facility
+Added: 2026 Notes 6.5% $ — $ — $ — $ — $ — $ (750) $ (750) $ (784)
+Added: 2028 Notes 4.8% $ — $ — $ — $ — $ — $ (350) $ (350) $ (359)
+Added: Term Loan 1.9% $ (9) $ (9) $ (9) $ (9) $ (848) $ — $ (884) $ (864)
2022 Convertible Notes 4.7% $ — $ (230) $ — $ — $ — $ — $ (230) $ (262)
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.