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Inventories, net
6 Months Ended
Jun. 30, 2020
Inventory Disclosure [Abstract]  
Inventories, net

2.

Inventories, net

Inventories consist of (in millions):

 

 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Raw materials and supplies

 

$

478

 

 

$

577

 

Work in process

 

 

334

 

 

 

364

 

Finished goods and purchased products

 

 

1,860

 

 

 

2,099

 

 

 

 

2,672

 

 

 

3,040

 

Less: Inventory reserve

 

 

(743

)

 

 

(843

)

Total

 

$

1,929

 

 

$

2,197