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INVENTORIES
 6 Months Ended
Jun. 30, 2023
Inventory, Net [Abstract]  
INVENTORIES INVENTORIES
Inventories, net of reserves of $400 million and $396 million as of June 30, 2023 and December 31, 2022, respectively, are comprised of the following:
June 30, 2023December 31, 2022
Finished goods$2,604 $2,419 
Work in process and raw materials2,353 2,168 
Total inventories, net$4,957 $4,587 
During the three and six months ended June 30, 2023, we recorded inventory impairments of $15 million and $33 million, respectively, primarily in our Oilfield Services & Equipment ("OFSE") segment related to exit activities at specific locations. During the three and six months ended June 30, 2022, we recorded inventory impairments of $31 million primarily in our Industrial & Energy Technology ("IET") segment as part of suspending our Russia operations. Charges for inventory impairments are reported in the "Cost of goods sold" caption in the condensed consolidated statements of income (loss). See "Note 16. Restructuring, Impairment, and Other" for further information.