Inventories, Net

12 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

Inventories, Net

Inventories, Net

Inventories, net of reserves, by category were as follows:

	December 31,
(Dollars in millions)	2015		2014
Raw materials, components and supplies	$	172	$	194
Work in process	61		135
Finished goods	2,111		2,758
	$	2,344	$	3,087

Work in process and finished goods inventories include cost of materials, labor and manufacturing overhead. During 2015, 2014, and 2013, we recognized charges for excess and obsolete inventory totaling $186 million, $113 million and $62 million, respectively.