Inventories, Net

9 Months Ended

Sep. 30, 2023

Inventory Disclosure [Abstract]

Inventories, Net

4 – Inventories, Net

Inventories, net of reserves of $119 million and $129 million as of September 30, 2023 and December 31, 2022, respectively, are presented by category in the table below:

(Dollars in millions)	September 30, 2023		December 31, 2022
Finished Goods	$	663	$	601
Work in Process and Raw Materials, Components and Supplies	113		88
Inventories, Net	$	776	$	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 September 30,				Nine Months Ended September 30,
(Dollars in millions)	2023		2022		2023		2022
Inventory Charges in “Cost of Products”	$	—	$	6	$	11	$	26
Inventory Charges in “Other Charges (Credits)”	—		—		—		4
Total Inventory Charges	$	—	$	6	$	11	$	30