Inventory, Net

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventory, Net

NOTE 7: INVENTORY, NET

(dollars in millions)	2023		2022
Raw materials	$	3,911	$	3,477
Work-in-process	4,162		3,839
Finished goods	3,704		3,301
Total inventory, net	$	11,777	$	10,617

Raw materials, work-in-process and finished goods are net of total valuation reserves of $2.4 billion and $2.2 billion as of December 31, 2023 and 2022, respectively.