INVENTORY (Tables)

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventory was comprised of the following:

($ in millions)	June 30, 2023		December 31, 2022
Completed unsold VOIs	$	1,273	$	1,096
Construction in process	6		62
Land, infrastructure and other	1		1
Total	$	1,280	$	1,159

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

The table below presents costs of sales true-ups relating to VOI products and the related impacts to the carrying value of inventory and cost of VOI sales.

	Three Months Ended June 30,				Six Months Ended June 30,
($ in millions)	2023		2022		2023		2022
Cost of sales true-up(1)	$	13	$	2	$	29	$	9

(1)For the three and six months ended June 30, 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 June 30,				Six Months Ended June 30,
($ in millions)	2023		2022		2023		2022
Cost of VOI sales related to fee-for-service upgrades	$	3	$	2	$	6	$	4