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INVENTORIES | 6 Months Ended
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Jun. 30, 2024
Inventory Disclosure [Abstract] |
INVENTORIES | INVENTORIES Inventories, net were as follows:
(in millions) |  | June 30, 2024 |  | December 31, 2023
Raw materials and supplies |  | $ | 171 |  |  | $ | 185 |
Work-in-process |  | 77 |  |  | 77 |
Finished goods |  | 360 |  |  | 362 |
Inventories, net |  | $ | 608 |  |  | $ | 624 |
The Company's inventory reserve was $104 million at June 30, 2024 and $107 million at December 31, 2023. Inventories are stated at the lower of cost and net realizable value.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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