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Inventories
12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
Inventories

7. Inventories

 

(Dollars in millions)

 

December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Raw material

 

$

457

 

 

$

445

 

 

$

395

 

Work in progress

 

 

347

 

 

 

350

 

 

 

283

 

Finished products

 

 

296

 

 

 

265

 

 

 

190

 

Inventories

 

 

1,100

 

 

 

1,060

 

 

 

867

 

Inventory reserve at beginning of year

 

 

(91

)

 

 

(91

)

 

 

(93

)

Reversal of (addition to) reserve

 

 

3

 

 

 

(6

)

 

 

(3

)

Translation difference

 

 

(0

)

 

 

5

 

 

 

5

 

Inventory reserve at end of year

 

 

(89

)

 

 

(91

)

 

 

(91

)

Total inventories, net of reserve

 

$

1,012

 

 

$

969

 

 

$

777