Quarterly report pursuant to Section 13 or 15(d)

Inventory (Tables)

v3.21.2
Inventory (Tables)
9 Months Ended
Sep. 30, 2021
Inventory Disclosure [Abstract]  
Inventory
Inventory consisted of (in millions):
September 30,
2021
December 31,
2020
Completed VOI inventory $ 1,021  $ 1,049 
Estimated VOI recoveries, net 204  246 
VOI construction in process 27  30 
Inventory sold subject to repurchase 13  13 
Vacation exchange credits and other
Land held for VOI development
Total inventory $ 1,270  $ 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  55  83 
Payments (2) (56) (5) (61) (124)
September 30, 2021 $ 13  $ —  $ 18  $ 11  $ 42 
December 31, 2019 $ 43  $ —  $ —  $ $ 49 
Purchases 15  37  44  87  183 
Payments (39) —  (22) (83) (144)
September 30, 2020 $ 19  $ 37  $ 22  $ 10  $ 88 
(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.