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Inventory (Tables)
6 Months Ended
Jun. 30, 2020
Inventory Disclosure [Abstract]  
Schedule Of 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

 

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

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.

Schedule of expense incurred when customers upgrade existing ownership to fee-for-service project

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