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INVENTORIES, NET
12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
INVENTORIES, NET INVENTORIES, NET
Inventories, net were as follows:
Year Ended December 31,
(in millions)20212020
Raw materials and supplies$139 $134 
Work-in-process72 68 
Finished Goods293 264 
Inventories, net$504 $466 

The Company’s inventory reserve was $86 million and $117 million at December 31, 2021 and 2020, respectively. Inventories are stated at the lower of cost and net realizable value.