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Inventory
 12 Months Ended
Dec. 31, 2018
Inventory Disclosure [Abstract]  
Inventory

Note 6: Inventory

Our Inventory was comprised of the following:

 

 

 

December 31,

 

($ in millions)

 

2018

 

 

2017

 

Completed unsold VOIs

 

$

243

 

 

$

191

 

Construction in process

 

 

9

 

 

 

60

 

Land, infrastructure and other

 

 

275

 

 

 

258

 

 

 

$

527

 

 

$

509

 

 

We benefited from $10 million and $4 million in cost of sales true-ups relating to VOI products for the years ended December 31, 2018 and 2017, respectively, which resulted in a $10 million and $4 million increase to the carrying value of inventory as of December 31, 2018 and 2017, respectively. The incurred expenses below, recorded in Cost of VOI sales, relate to granting credit to customers for their existing ownership when upgrading into fee-for-service projects.

 

 

 

December 31,

 

($ in millions)

 

2018

 

 

2017

 

 

2016

 

Cost of VOI sales related to fee-for-service upgrades

 

$

34

 

 

$

36

 

 

$

49

 

 

In 2018 and 2017, we recorded non-cash transfers from property and equipment into inventory.  See Note 23: Supplemental Disclosure of Cash Flow Information for additional information.