Inventories, Net

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Inventories, Net

5 – Inventories, Net

Inventories, net of reserves of $139 million and $159 million as of June 30, 2022 and December 31, 2021, respectively, are presented by category in the table below:

(Dollars in millions)	June 30, 2022		December 31, 2021
Finished Goods	$	634	$	595
Work in Process and Raw Materials, Components and Supplies	82		75
Inventories, Net	$	716	$	670

In the three and six months ended June 30, 2022 and 2021, we recognized inventory charges, including excess and obsolete inventory charges, in the following captions on our Condensed Consolidated Statements of Operations:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2022		2021		2022		2021
Inventory Charges in “Cost of Products”	$	9	$	16	$	20	$	32
Inventory Charges in “Other Charges (Credits)”	—		6		4		7
Total Inventory Charges	$	9	$	22	$	24	$	39