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Inventories
6 Months Ended
Jun. 30, 2022
Inventory Disclosure [Abstract]  
Inventories

NOTE D. INVENTORIES

Inventories consisted of the following components (dollars in millions):

 

 

 

June 30,
2022

 

 

December 31,
2021

 

Purchased parts and raw materials

 

$

108

 

 

$

101

 

Work in progress

 

 

12

 

 

 

8

 

Service parts

 

 

45

 

 

 

44

 

Finished goods

 

 

63

 

 

 

51

 

Total inventories

 

$

228

 

 

$

204

 

 

Inventory components shipped to third parties, primarily cores, parts to re-manufacturers, and parts to contract manufacturers, which the Company has an obligation to buy back, are included in purchased parts and raw materials, with an offsetting liability in Other current liabilities. See "Note L. Other Current Liabilities” for more information.