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Inventories, net (Tables)
3 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
Inventories

Inventories consist of (in millions):

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Raw materials and supplies

 

$

469

 

 

$

479

 

Work in process

 

 

269

 

 

 

230

 

Finished goods and purchased products

 

 

1,865

 

 

 

1,796

 

 

 

 

2,603

 

 

 

2,505

 

Less: Inventory reserve

 

 

(325

)

 

 

(354

)

Total

 

$

2,278

 

 

$

2,151