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Supplemental Financial Information
6 Months Ended
Jun. 30, 2023
Supplemental Financial Information [Abstract]  
SUPPLEMENTAL FINANCIAL INFORMATION
16. SUPPLEMENTAL FINANCIAL INFORMATION
The components of accounts receivable are summarized as follows:
In millionsJune 30, 2023December 31, 2022
Accounts receivable
Trade$984 $1,056 
Other44 61 
Accounts receivable, gross1,028 1,117 
Less: allowance for credit losses(42)(34)
Total accounts receivable, net$986 $1,083 
Our allowance for credit losses as of June 30, 2023 and December 31, 2022 was $42 million and $34 million, respectively. We continue to evaluate our reserves in light of the age and quality of our outstanding accounts receivable as well as risks to specific industries or countries and adjust the reserves accordingly. The impact to our allowance for credit losses for the three and six months ended June 30, 2023 was an expense of $4 million and $8 million, respectively. The impact to our allowance for credit losses for the three and six months ended June 30, 2022 was an expense of $4 million and $8 million, respectively. The Company recorded recoveries against the reserve for the three months ended June 30, 2023 of $1 million. The Company recorded write-offs against the reserve for the three months ended June 30, 2022 of $4 million. The Company recorded write-offs against the reserve for the six months ended June 30, 2023 and 2022 of approximately zero and $6 million, respectively.
The components of inventory are summarized as follows:
In millionsJune 30, 2023December 31, 2022
Inventories
Work in process and raw materials$72 $107 
Finished goods223 252 
Service parts414 413 
Total inventories$709 $772