Inventories

3 Months Ended

Mar. 31, 2020

Inventory, Net [Abstract]

Inventories

INVENTORIES

Inventories, net of reserves of $420 million and $429 million as of March 31, 2020 and December 31, 2019, respectively, are comprised of the following:

	March 31, 2020		December 31, 2019
Finished goods	$	2,474	$	2,546
Work in process and raw materials	2,060		2,062
Total inventories, net	$	4,534	$	4,608

During the three months ended March 31, 2020, we recorded $160 million of inventory impairments predominantly in our Oilfield Services (OFS) segment as a result of certain restructuring activities initiated by the Company. Charges for inventory impairments are predominantly reported in the "Cost of goods sold" caption of the condensed consolidated statements of income (loss).