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Supplemental Financial Information
6 Months Ended
Jun. 30, 2024
Supplemental Financial Information [Abstract]  
SUPPLEMENTAL FINANCIAL INFORMATION
16. SUPPLEMENTAL FINANCIAL INFORMATION
The components of accounts receivable are summarized as follows:
In millionsJune 30, 2024December 31, 2023
Accounts receivable
Trade$369 $363 
Other83 138 
Accounts receivable, gross452 501 
Less: allowance for credit losses(23)(29)
Total accounts receivable, net$429 $472 
Our allowance for credit losses as of June 30, 2024 and December 31, 2023 was $23 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 both the three and six months ended June 30, 2024 was an expense of $4 million. 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 Company recorded write-offs against the reserve for the three and six months ended June 30, 2024 of $9 million and $10 million, respectively. The Company recorded recoveries against the reserve for of $1 million for the three months ended June 30, 2023 and no write-offs against the reserve for the six months ended June 30, 2023.
The components of inventory are summarized as follows:
In millionsJune 30, 2024December 31, 2023
Inventories
Work in process and raw materials$12 $14 
Finished goods98 109 
Service parts110 127 
Total inventories$220 $250