Annual report pursuant to Section 13 and 15(d)

Inventory (Tables)

v3.22.4
Inventory (Tables)
 12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Schedule Of Inventory Inventory consisted of the following (in millions):
As of December 31,
2022 2021
Completed VOI inventory
 $ 982  $ 998 
Estimated VOI recoveries 192  187 
VOI construction in process 14  13 
Vacation exchange credits and other 4  4 
Land held for VOI development 1  1 
Inventory sold subject to repurchase
 —  13 
Total inventory $ 1,193  $ 1,216 
Activity Related to Inventory Obligations
The following table summarizes the activity related to the Company’s inventory obligations (in millions):
Atlanta (a) (b)
Las Vegas (a)
Moab (a)
Orlando (a)
Other (c)
Total
December 31, 2020 $ —  $ 13  $ 31  $ 22  $ 17  $ 83 
Purchases —  2  25  2  70  99 
Payments —  (2) (56) (24) (86) (168)
December 31, 2021 —  13  —  —  1  14 
Purchases 67  52  —  —  56  175 
Payments (67) (35) —  —  (50) (152)
December 31, 2022 $ —  $ 30  $ —  $ —  $ 7  $ 37 
(a)Included in Accrued expenses and other liabilities on the Consolidated Balance Sheets.
(b)Represents vacation ownership inventory and property and equipment in Atlanta, Georgia, acquired from a third-party developer.
(c)Included in Accounts payable on the Consolidated Balance Sheets.