v3.26.3
Inventory (Tables)
9 Months Ended
Sep. 30, 2026
Inventory Disclosure [Abstract]  
Inventory
Inventory consisted of the following (in millions):
September 30,
2026
December 31,
2025
Completed VOI inventory$893 $857 
Estimated VOI recoveries222 222 
Inventory subject to financing arrangement— 26 
VOI construction in process21 9 
Land held for VOI development10 10 
Vacation exchange credits and other2 4 
Total inventory$1,148 $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$2 
Purchases153 
Payments(153)
September 30, 2026$2 
December 31, 2024$7 
Purchases94 
Payments(96)
September 30, 2025$5 
(a)Included in Accounts payable on the Condensed Consolidated Balance Sheets.