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INVENTORIES (Tables) | 12 Months Ended
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Dec. 31, 2022
Inventory, Net [Abstract] |
Schedule of Inventory | The following table summarizes our inventories at December 31, 2022 and 2021:
Millions of dollars |  | 2022 |  | 2021
Finished products |  | $ | 1,580 |  |  | $ | 1,958 |
Raw materials and work in process |  | 509 |  |  | 759 |
Total inventories (1) |  | $ | 2,089 |  |  | $ | 2,717 |
(1) $650 million of inventories of the European major appliance business has been classified as assets held for sale. For additional information, see Note 17 to the Consolidated Financial Statements.

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