XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

INVENTORY | 6 Months Ended
--- | ---
Jun. 30, 2024
Inventory Disclosure [Abstract] |
INVENTORY | INVENTORY Inventory was comprised of the following:
($ in millions) | June 30, 2024 |  | December 31, 2023
Completed unsold VOIs | $ | 1,623 |  |  | $ | 1,259 |
Construction in process | 305 |  |  | 140 |
Land, infrastructure and other | 1 |  |  | 1 |
Total | $ | 1,929 |  |  | $ | 1,400 |
For the six months ended June 30, 2024, we recorded non-cash operating activity transfers of $69 million related to the registrations for timeshare units under construction for two properties from Property and equipment, net to Inventory. As VOI inventory is constructed it is recorded into Property and equipment, net until such units are registered and made available for sale. Once registered and available for sale, the units are then transferred into completed unsold VOIs inventory. The table below presents cost of sales true-ups relating to VOI products and the related impacts to the carrying value of inventory and cost of VOI sales:
| Three Months Ended June 30, |  | Six Months Ended June 30,
($ in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Cost of sales true-up(1) | $ | (4) |  |  | $ | 13 |  |  | $ | 11 |  |  | $ | 29 |
(1)For the three months ended June 30, 2024, the cost of sales true-up increased cost of VOI sales and decreased inventory. For the six months ended June 30, 2024, the cost of sales true-up decreased cost of VOI sales and increased inventory. For the three and six months ended June 30, 2023, the cost of sales true-up decreased cost of VOI sales and increased inventory.

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration