MARRIOTT VACATIONS WORLDWIDE Corp
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
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9. Inventory
- INVENTORY
The following table shows the composition of our inventory balances:
| ($ in millions) | At Year-End 2023 | At Year-End 2022 |
|---|---|---|
| Real estate inventory(1) | $624 | $651 |
| Other | 10 | 9 |
| $634 | $660 |
(1)Represents completed inventory that is registered for sale as VOIs and vacation ownership inventory expected to be reacquired pursuant to estimated future defaults on originated vacation ownership notes receivable.
In addition to the above, at December 31, 2023 and December 31, 2022, we had $370 million and $428 million, respectively, of completed vacation ownership units which are classified as a component of Property and equipment, net until the time at which they are available and legally registered for sale as vacation ownership products.
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