Inventories, Net (Tables)

9 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

Components of Inventory

Inventories, net of reserves of $157 million and $119 million as of September 30, 2021 and December 31, 2020, respectively, are presented by category in the table below:

(Dollars in millions)	9/30/2021		12/31/2020
Finished Goods	$	611	$	655
Work in Process and Raw Materials, Components and Supplies	70		62
Inventories, Net	$	681	$	717

Schedule of Inventory Charges

in the following captions on our Condensed Consolidated Statements of Operations:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in millions)	2021		2020		2021		2020
Inventory Charges in “Other Charges (Credits), Net”	$	—	$	4	$	7	$	138
Inventory Charges in “Cost of Products”	11		24		43		28
Total Inventory Charges	$	11	$	28	$	50	$	166