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INVENTORIES
6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories, net were as follows:
(in millions)June 30, 2023December 31, 2022
Raw materials and supplies$166 $169 
Work-in-process87 77 
Finished goods404 381 
Inventories, net$657 $627 
The Company's inventory reserve was $96 million and $83 million at June 30, 2023 and December 31, 2022, respectively. Inventories are stated at the lower of cost and net realizable value.