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INVENTORY | 12 Months Ended
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Dec. 31, 2024
Inventory Disclosure [Abstract] |
INVENTORY | INVENTORY Inventory was comprised of the following:
| December 31,
($ in millions) | 2024 |  | 2023
Completed unsold VOIs | $ | 1,898 |  |  | $ | 1,259 |
Construction in process | 345 |  |  | 140 |
Land, infrastructure and other | 1 |  |  | 1 |
Total | $ | 2,244 |  |  | $ | 1,400 |
For the year ended December 31, 2024, we recorded non-cash operating activity transfers, net of $271 million related to the registrations for timeshare units under construction for four properties from Property and equipment, net to Inventory. As VOI inventory is constructed, it is recorded into Property and equipment, net until such units are registered and made available for sale. Once registered and available for sale, the units are then transferred into Inventory. See Note 24: Supplemental Disclosures of Cash Flow Information for information regarding non-cash transfers. The table below presents cost of sales true-ups relating to VOI products and the related impacts to the carrying value of inventory and cost of VOI sales:
| Year Ended December 31,
($ in millions) | 2024 |  | 2023 |  | 2022
Cost of sales true-up(1) | $ | 23 |  |  | $ | 61 |  |  | $ | 23 |
(1)Costs of sales true-up decreased cost of VOI sales and increased inventory in all periods presented.

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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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