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Inventories and Equipment on Operating Leases, Net
3 Months Ended
Mar. 31, 2020
Inventories and Equipment on Operating Leases, Net [Abstract]  
Inventories and Equipment on Operating Leases, Net Inventories and Equipment on Operating Leases, Net
The following is a summary of Inventories by major category:
March 31,
2020
December 31,
2019
Finished goods$709  $576  
Work-in-process43  47  
Raw materials72  71  
Total Inventories$824  $694  
The transfer of equipment from our inventories to equipment subject to an operating lease is presented in our Condensed Consolidated Statements of Cash Flows in the operating activities section. Equipment on operating leases and similar arrangements consists of our equipment rented to customers and depreciated to estimated salvage value at the end of the lease term.
Equipment on operating leases and the related accumulated depreciation were as follows:
 March 31,
2020
December 31,
2019
Equipment on operating leases$1,390  $1,443  
Accumulated depreciation(1,055) (1,079) 
Equipment on operating leases, net$335  $364  
Total contingent rentals on operating leases, consisting principally of usage charges in excess of minimum contracted amounts, were $22 and $27 for the three months ended March 31, 2020 and 2019, respectively.