v3.26.3
INVENTORY
 9 Months Ended
Sep. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORY INVENTORY
Inventory was comprised of the following:
($ in millions)September 30, 2026December 31, 2025
Completed unsold VOIs$2,372 $2,026 
Construction in process15 495 
Land, infrastructure and other1 1 
Total$2,388 $2,522 
For the nine months ended September 30, 2026, we recorded non-cash operating activity transfers, net of $15 million from Inventory to Property and equipment, net.
The table below presents cost of sales true-ups relating to VOI products and the related impacts to the carrying value of inventory and cost of VOI sales:
Three Months Ended September 30,Nine Months Ended September 30,
($ in millions)2026202520262025
Cost of sales true-up(1)
$6 $7 $31 $33 
(1)For the three and nine months ended September 30, 2026 and 2025, the cost of sales true-up decreased cost of VOI sales and increased inventory