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INVENTORY
 9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
INVENTORY INVENTORY
Inventory was comprised of the following:
($ in millions)September 30, 2024December 31, 2023
Completed unsold VOIs$1,665 $1,259 
Construction in process577 140 
Land, infrastructure and other1 1 
Total$2,243 $1,400 
For the nine months ended September 30, 2024, we recorded non-cash operating activity transfers of $285 million related to the registrations for timeshare units under construction for three properties from Property and equipment, net to Inventory. As VOI inventory is constructed, it is recorded into Property and equipment, net until such units are registered and made available for sale. Once registered and available for sale, the units are then transferred into completed unsold VOIs inventory.
The table below presents cost of sales true-ups relating to VOI products and the related impacts to the carrying value of inventory and cost of VOI sales:
Three Months Ended September 30,Nine Months Ended September 30,
($ in millions)2024202320242023
Cost of sales true-up(1)
$4 $22 $15 $51 
(1)For the three and nine months ended September 30, 2024 and 2023, respectively, the cost of sales true-up decreased cost of VOI sales and increased inventory.