v3.20.4

Inventories, net

12 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

Inventories, net

Inventories, net

Inventories are summarized as follows:

			2020						2019
Raw materials			66						52
Work in process			786						894
Finished goods			178						246
			1,030						1,192

The portion of finished goods stored at customer locations under consignment amounted to $31 million as of December 31, 2020 (2019: $41 million).

The amounts recorded above are net of an allowance for obsolescence of $122 million as of December 31, 2020 (2019: $114 million).

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- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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