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INVENTORIES, NET
 12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
INVENTORIES, NET INVENTORIES, NET
Inventories, net were as follows:
Year Ended December 31,
(in millions)20232022
Raw materials and supplies$185 $169 
Work-in-process77 77 
Finished goods362 381 
Inventories, net$624 $627 

The Company’s inventory reserve was $107 million and $83 million at December 31, 2023 and 2022, respectively. Inventories are stated at the lower of cost and net realizable value.