Inventories, Net

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

Inventories, Net

5 – Inventories, Net

Inventories, net of reserves of $131 million and $129 million as of March 31, 2023 and December 31, 2022, respectively, are presented by category in the table below:

(Dollars in millions)	March 31, 2023		December 31, 2022
Finished Goods	$	616	$	601
Work in Process and Raw Materials, Components and Supplies	103		88
Inventories, Net	$	719	$	689

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 Condensed Consolidated Statements of Operations:

	Three Months Ended March 31,
(Dollars in millions)	2023		2022
Inventory Charges in “Cost of Products”	$	11	$	11
Inventory Charges in “Other Charges (Credits)”	—		4
Total Inventory Charges	$	11	$	15