Quarterly report pursuant to Section 13 or 15(d)

Inventory (Tables)

v3.21.2
Inventory (Tables)
6 Months Ended
Jun. 30, 2021
Inventory Disclosure [Abstract]  
Inventory
Inventory consisted of (in millions):
June 30,
2021
December 31,
2020
Completed VOI inventory $ 1,085  $ 1,049 
Estimated VOI recoveries, net 206  246 
VOI construction in process 31  30 
Inventory sold subject to repurchase 13  13 
Vacation exchange credits and other
Land held for VOI development
Total inventory $ 1,339  $ 1,347 
Activity Related to Inventory Obligations
The following table summarizes the activity related to the Company’s inventory obligations (in millions):
Las Vegas (a)
Moab (a)
Orlando (a)
Other (b)
Total
December 31, 2020 $ 13  $ 31  $ 22  $ 17  $ 83 
Purchases 25  39  67 
Payments (2) (56) (5) (46) (109)
June 30, 2021 $ 13  $ —  $ 18  $ 10  $ 41 
December 31, 2019 $ 43  $ —  $ —  $ $ 49 
Purchases 15  —  —  70  85 
Payments (19) —  —  (65) (84)
June 30, 2020 $ 39  $ —  $ —  $ 11  $ 50 
(a)Included in Accrued expenses and other liabilities on the Condensed Consolidated Balance Sheets.
(b)Included in Accounts payable on the Condensed Consolidated Balance Sheets.