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Inventories, net
9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
Inventories, net

2. Inventories, net

Inventories consist of (in millions):

 

September 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Raw materials and supplies

 

$

466

 

 

$

394

 

Work in process

 

 

218

 

 

 

181

 

Finished goods and purchased products

 

 

1,466

 

 

 

1,643

 

 

 

 

2,150

 

 

 

2,218

 

Less: Inventory reserve

 

 

(264

)

 

 

(286

)

Total

 

$

1,886

 

 

$

1,932