Inventory (Tables)

9 Months Ended

Sep. 30, 2011

Inventory

Inventory

				December 31,
		September 30, 2011		2010
Land held for VOI development	$	132	$	131
VOI construction in process		201		229
Completed inventory and vacation credits (a)(b)		775		821
Total inventory		1,108		1,181
Less: Current portion		337		348
Non-current inventory	$	771	$	833

(a)	Includes estimated recoveries of $161 million and $148 million as of September 30, 2011 and December 31, 2010, respectively. Vacation credits relate to both the Company's vacation ownership and vacation exchange and rentals businesses.
(b)	Includes $76 million and $80 million as of September 30, 2011 and December 31, 2010, respectively, related to the Company's vacation exchange and rentals business.