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INVENTORIES
3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories consist of the following (in millions):
March 31,
2025
December 31,
2024
Finished equipment$456 $406 
Replacement parts188 168 
Work-in-process126 121 
Raw materials and supplies434 452 
Inventories$1,204 $1,147 

Inventory reserves were $82 million and $79 million at March 31, 2025 and December 31, 2024, respectively.