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Supplementary Information
6 Months Ended
Jun. 30, 2022
Supplementary Information  
Supplementary Information

14. Supplementary Financial Statement Information

Accounts Receivable, Net

Accounts receivable, net are summarized as follows:

As of

As of

(in millions)

    

June 30, 2022

    

December 31, 2021

Accounts receivable, net:

Accounts receivable — trade

$

1,180

$

950

Accounts receivable — other

232

193

Allowance for credit losses

(16)

(13)

Total accounts receivable

$

1,396

$

1,130

There were no significant contract assets or significant contract liabilities associated with our customers as of June 30, 2022 or December 31, 2021. Liabilities for volume discounts and incentives were also not significant as of June 30, 2022 or December 31, 2021.

Inventories

Inventories are summarized as follows:

As of

As of

 

(in millions)

    

June 30, 2022

    

December 31, 2021

 

Finished and in process

 

$

839

 

$

688

Raw materials

 

424

 

380

Manufacturing supplies and other

 

140

 

104

Total inventories

 

$

1,403

 

$

1,172