Inventories, Net

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventories, Net

6 – Inventories, Net

Inventories, net of reserves of $129 million and $159 million as of December 31, 2022 and December 31, 2021, respectively, by category were as follows:

	December 31,
(Dollars in millions)	2022		2021
Finished Goods	$	601	$	595
Work in Process and Raw Materials, Components and Supplies	88		75
Inventories, Net	$	689	$	670

The change in inventory reserves includes the inventory charges below, primarily offset by the disposal of inventory previously reserved.

Inventory charges were recognized in the following captions on our Consolidated Statements of Operations:

	Year Ended December 31,
(Dollars in millions)	2022		2021		2020
Inventory Charges in “Cost of Products”	$	32	$	55	$	57
Inventory Charges in “Restructuring Charges”	—		—		15
Inventory Charges in “Other Charges (Credits)”	4		7		138
Total Inventory Charges (a)	$	36	$	62	$	210

(a)Inventory charges in 2020 were additionally driven by the impact of the COVID-19 pandemic.