INVENTORIES

3 Months Ended

Mar. 31, 2022

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories, net were as follows:

(in millions)	March 31, 2022		December 31, 2021
Raw materials and supplies	$	142	$	139
Work-in-process	78		72
Finished goods	333		304
Inventories, net	$	553	$	515

The Company’s inventory reserve was $86 million at both March 31, 2022 and December 31, 2021. Inventories are stated at the lower of cost and net realizable value.