Inventories

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consisted of the following:

	December 31
Millions of dollars	2022		2021
Finished products and parts	$	1,859	$	1,380
Raw materials and supplies	953		890
Work in process	111		91
Total inventories	$	2,923	$	2,361

All amounts in the table above are reported net of obsolescence reserves of $104 million at December 31, 2022 and $114 million at December 31, 2021.

During the year ended December 31, 2022, we recorded $70 million of impairment charges related to inventory. These charges were primarily attributable to our exit from Russia. See Note 2 to the consolidated financial statements for further discussion on impairments and other charges.