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Supplemental Financial Information
3 Months Ended
Mar. 31, 2024
Supplemental Financial Information [Abstract]  
SUPPLEMENTAL FINANCIAL INFORMATION
16. SUPPLEMENTAL FINANCIAL INFORMATION
The components of accounts receivable are summarized as follows:
In millionsMarch 31, 2024December 31, 2023
Accounts receivable
Trade$398 $368 
Other114 138 
Accounts receivable, gross512 506 
Less: allowance for credit losses(28)(29)
Total accounts receivable, net$484 $477 
Our allowance for credit losses as of March 31, 2024 and December 31, 2023 was $28 million and $29 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
months ended March 31, 2024 was an expense of zero. The impact to our allowance for credit losses for the three months ended March 31, 2023 was an expense of $4 million. The Company recorded write-offs against the reserve for the three months ended March 31, 2024 of $1 million. The Company recorded write-offs against the reserve for the three months ended March 31, 2023 of $1 million.
The components of inventory are summarized as follows:
In millionsMarch 31, 2024December 31, 2023
Inventories
Work in process and raw materials$14 $14 
Finished goods125 110 
Service parts120 127 
Total inventories$259 $251