Inventory

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Inventory

Note 7: Inventory

Inventory was as follows:

	June 30,		December 31,
($ in millions)	2020		2019
Completed unsold VOIs	$	253	$	241
Construction in process		396		59
Land, infrastructure and other		258		258
	$	907	$	558

During the six months ended June 30, 2020, we recorded non-cash operating activity transfers from Property and equipment to Inventory. See Note 8: Property and Equipment. 

Shown below are 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)	2020		2019
Cost of sales true-up(1)	$	5	$	5

⁽¹⁾ Costs of sales true ups 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)	2020		2019		2020		2019
Cost of VOI sales related to fee-for-service upgrades	$	—	$	7	$	5	$	16