Inventories, Net

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Inventories, Net

9 – Inventories, Net

Inventories, net of reserves of $159 million and $119 million as of December 31, 2021 and December 31, 2020, respectively, by category were as follows:

	December 31,
(Dollars in millions)	2021		2020
Finished Goods	$	595	$	655
Raw Materials, Components and Supplies	75		62
Total Inventory	$	670	$	717

We recognized inventory charges, including excess and obsolete inventory charges considered commercially unviable or technologically obsolete considering current and future demand and volatility in industry demand. In 2020, these charges were additionally driven by the impact of the COVID-19 pandemic. These inventory charges were recognized in the following captions on our Consolidated Statements of Operations:

	Successor						Predecessor
					Period From		Period From
	Year		Year		12/14/2019		1/1/2019
	Ended		Ended		through		through
(Dollars in millions)	12/31/2021		12/31/2020		12/31/2019		12/13/2019
Inventory Charges in “Cost of Products”	$	55	$	57	$	—	$	18
Inventory Charges in “Restructuring Charges”	—		15		—		24
Inventory Charges in “Other Charges (Credits), Net”	7		138		—		117
Total Inventory Charges	$	62	$	210	$	—	$	159