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INVENTORY
 6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
INVENTORY
9. INVENTORY
The following table shows the composition of our inventory balances:
($ in millions)At June 30, 2025At December 31, 2024
Real estate inventory(1)
$734 $725 
Other10 10 
$744 $735 
(1)Represents completed inventory that is registered for sale as VOIs and vacation ownership inventory expected to be reacquired pursuant to estimated future defaults on originated vacation ownership notes receivable.
Product cost true-up activity relating to vacation ownership products increased carrying values of inventory by $28 million during the first half of 2025 and $20 million during the first half of 2024.
In addition to the above, at June 30, 2025 and December 31, 2024, we had $323 million and $271 million, respectively, of completed vacation ownership units which are classified as a component of Property and equipment, net until the time at which they are available and legally registered for sale as vacation ownership products.
We also had deposits on future purchases of inventory of $30 million at June 30, 2025, of which $25 million was included in Other assets and $5 million was included in Accounts and contracts receivable, net on our Balance Sheet, and $33 million at December 31, 2024, of which $29 million was included in Other assets and $4 million was included in Accounts and contracts receivable, net on our Balance Sheet