Inventories, Net

9 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

Inventories, Net

Inventories, Net

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

In the three and nine months ended September 30, 2021 and 2020, we recognized inventory charges, including excess and obsolete 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