v3.26.1
Inventory (Tables)
3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Inventory
Inventory consisted of the following (in millions):
March 31,
2026
December 31,
2025
Completed VOI inventory$918 $857 
Estimated VOI recoveries218 222 
Inventory subject to financing arrangement27 26 
Land held for VOI development10 10 
VOI construction in process
Vacation exchange credits and other
Total inventory$1,183 $1,128 
Activity Related to Inventory Obligations
The following table summarizes the activity related to the Company's inventory obligations (in millions):
Total (a)
December 31, 2025$
Purchases93 
Payments(94)
March 31, 2026$
December 31, 2024$
Purchases22 
Payments(22)
March 31, 2025$
(a)Included in Accounts payable on the Condensed Consolidated Balance Sheets.