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Inventory
 3 Months Ended
Mar. 31, 2023
Inventory Disclosure [Abstract]  
Inventory Inventory
Inventory was comprised of the following:
($ in millions)March 31, 2023December 31, 2022
Completed unsold VOIs$1,293 $1,096 
Construction in process6 62 
Land, infrastructure and other1 1 
Total$1,300 $1,159 
The table below presents costs of sales true-ups relating to VOI products and the related impacts to the carrying value of inventory.
 Three Months Ended March 31,
($ in millions)20232022
Cost of sales true-up(1)
$16 $7 
(1)For the three months ended March 31, 2023 and 2022, respectively, the costs of sales true-up decreased costs of VOI sales and increased inventory.
The table below presents expenses incurred, recorded in Cost of VOI sales, related to granting credit to customers for their existing ownership when upgrading into fee-for service projects:
 Three Months Ended March 31,
($ in millions)20232022
Cost of VOI sales related to fee-for-service upgrades$3 $2 
During the three months ended March 31, 2023, we acquired a property in New York for $136 million from a third-party developer for inventory. Under the purchase agreement, there are no further inventory commitments related to this property.