Inventory

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Inventory

Inventory

Inventory was comprised of the following:

($ in millions)	June 30, 2022		December 31, 2021
Completed unsold VOIs	$	1,201	$	1,219
Construction in process	39		20
Land, infrastructure and other	1		1
	$	1,241	$	1,240

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)	2022		2021
Cost of sales true-up(1)	$	9	$	4

(1)For the six months ended June 30, 2022 and 2021, respectively, the cost of sales true-up reduced 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 June 30,				Six Months Ended June 30,
($ in millions)	2022		2021		2022		2021
Cost of VOI sales related to fee-for-service upgrades	$	2	$	2	$	4	$	3