Inventories, Net

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Inventories, Net

4 – Inventories, Net

Inventories, net of reserves of $114 million and $121 million as of June 30, 2024 and December 31, 2023, respectively, are presented by category in the table below:

(Dollars in millions)	June 30, 2024		December 31, 2023
Finished Goods	$	750	$	688
Work in Process and Raw Materials, Components and Supplies	134		100
Inventories, Net	$	884	$	788

The change in inventory reserves includes inventory charges primarily offset by the disposal of inventory previously reserved. The net charges are recorded in “Cost of Products” on our Condensed Consolidated Statements of Operations in the amount of $9 million and $15 million in the three and six months ended June 30, 2024, respectively, and nil and $11 million in the three and six months ended June 30, 2023, respectively.