Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Components of Inventory

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

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.