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Inventories, net
9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
Inventories, net

2. Inventories, net

Inventories consist of (in millions):

 

September 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Raw materials and supplies

 

$

430

 

 

$

479

 

Work in process

 

 

234

 

 

 

230

 

Finished goods and purchased products

 

 

1,763

 

 

 

1,796

 

 

 

 

2,427

 

 

 

2,505

 

Less: Inventory reserve

 

 

(304

)

 

 

(354

)

Total

 

$

2,123

 

 

$

2,151