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Inventories, net (Tables)
6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Inventories

Inventories consist of (in millions):

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Raw materials and supplies

 

$

521

 

 

$

479

 

Work in process

 

 

363

 

 

 

308

 

Finished goods and purchased products

 

 

1,697

 

 

 

1,404

 

 

 

 

2,581

 

 

 

2,191

 

Less: Inventory reserve

 

 

(382

)

 

 

(378

)

Total

 

$

2,199

 

 

$

1,813