Inventories

12 Months Ended

Dec. 31, 2022

Inventory, Net [Abstract]

Inventories

INVENTORIES

Inventories, net of reserves of $396 million and $374 million in 2022 and 2021, respectively, are comprised of the following at December 31:

	2022		2021
Finished goods	$	2,419	$	2,228
Work in process and raw materials	2,168		1,751
Total inventories, net	$	4,587	$	3,979

For the year ended December 31, 2022, we recorded inventory impairments of $31 million. Inventory impairments in 2022 were primarily in our Industrial & Energy Technology segment as part of suspending our Russia operations. Inventory impairments are reported in the "Cost of goods sold" caption of the consolidated statements of income (loss). There were no inventory impairments during 2021.