Inventories (Tables)

9 Months Ended

Sep. 30, 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
	September 30, 2024			December 31, 2023
Raw materials	$	447		$	457
Work in progress		332			347
Finished products		309			296
Inventories		1,088			1,100
Inventory valuation reserve		(91	)		(89	)
Total inventories, net of reserve	$	997		$	1,012