INVENTORIES

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories, net were as follows:

(in millions)	June 30, 2022		December 31, 2021
Raw materials and supplies	$	144	$	139
Work-in-process	76		72
Finished goods	361		304
Inventories, net	$	581	$	515

The Company’s inventory reserve was $79 million and $86 million at June 30, 2022 and December 31, 2021, respectively. Inventories are stated at the lower of cost and net realizable value.