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INVENTORIES
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories consist of the following (in millions):
December 31,
 20242023
Finished equipment$406 $468 
Replacement parts168 186 
Work-in-process121 131 
Raw materials and supplies452 401 
Inventories$1,147 $1,186 

Inventory reserves were $79 million and $71 million at December 31, 2024 and 2023, respectively.