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INVENTORY | 9 Months Ended
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Sep. 30, 2024
Inventory Disclosure [Abstract] |
INVENTORY | INVENTORY Inventory was comprised of the following:
($ in millions) | September 30, 2024 |  | December 31, 2023
Completed unsold VOIs | $ | 1,665 |  |  | $ | 1,259 |
Construction in process | 577 |  |  | 140 |
Land, infrastructure and other | 1 |  |  | 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) | 2024 |  | 2023 |  | 2024 |  | 2023
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.

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- 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
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