Inventory (Tables)

9 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventory was comprised of the following:

	September 30,		December 31,
($ in millions)	2021		2020
Completed unsold VOIs	$	1,349	$	515
Construction in process		42		186
Land, infrastructure and other		70		1
	$	1,461	$	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.

	Nine months ended September 30,
($ in millions)	2021			2020
Cost of sales true-up(1)	$	(1	)	$	4

(1) For the nine months ended September 30, 2021, the costs of sales true-up increased costs of VOI sales and decreased inventory. For the nine months ended September 30, 2020, the costs of sales true-up decreased costs of VOI sales and increased inventory.

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 September 30,				Nine months ended September 30,
($ in millions)	2021		2020		2021		2020
Cost of VOI sales related to fee-for-service upgrades	$	1	$	2	$	4	$	7