Inventory (Tables)

6 Months Ended

Jun. 30, 2021

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventory was comprised of the following:

	June 30,		December 31,
($ in millions)	2021		2020
Completed unsold VOIs	$	527	$	515
Construction in process		202		186
Land, infrastructure and other		1		1
	$	730	$	702

Schedule of Costs of Sales True-ups Relating to VOI Products and Impacts on the Carrying Value of Inventory

The table below presents costs of sales true-ups relating to VOI products and the related impacts to the carrying value of inventory.

	Six months ended June 30,
($ in millions)	2021		2020
Cost of sales true-up(1)	$	4	$	5

(1) Costs of sales true-up reduced costs of VOI sales and increased inventory in the periods presented.

Shown below are expenses incurred, recorded in Cost of VOI sales, related to granting credit to customers for their existing ownership when upgrading into fee-for service projects.

	Three months ended June 30,				Six months ended June 30,
($ in millions)	2021		2020		2021		2020
Cost of VOI sales related to fee-for-service upgrades	$	2	$	—	$	3	$	5