Inventories (Tables)

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Components of Inventories

Inventories are stated at the lower of cost (“FIFO”) and net realizable value. The components of inventories were as follows (dollars in millions):

	As of
	March 31, 2024			December 31, 2023
Raw materials	$	453		$	457
Work in progress		328			347
Finished products		304			296
Inventories		1,085			1,100
Inventory valuation reserve		(87	)		(89	)
Total inventories, net of reserve	$	997		$	1,012