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INVENTORY
 12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
INVENTORY INVENTORY
Inventory was comprised of the following:
December 31,
($ in millions)20242023
Completed unsold VOIs$1,898 $1,259 
Construction in process345 140 
Land, infrastructure and other1 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)202420232022
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.