Inventories, Net

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Inventories, Net

Inventories, Net

Inventories, net of reserves of $137 million and $119 million as of March 31, 2021 and December 31, 2020, respectively by category in the table below. During the three months ended March 31, 2021 and 2020, we recognized excess and obsolete inventory charges of $17 million and $2 million, respectively, recorded in “Cost of Products” on our Condensed Consolidated Statements of Operations.

(Dollars in millions)	3/31/2021		12/31/2020
Finished Goods	$	604	$	655
Work in Process and Raw Materials, Components and Supplies	72		62
Inventories, Net	$	676	$	717