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INVENTORIES
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories, net were as follows:
(in millions)June 30, 2024December 31, 2023
Raw materials and supplies$171 $185 
Work-in-process77 77 
Finished goods360 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.