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INVENTORIES
 12 Months Ended
Dec. 31, 2022
Inventory, Net [Abstract]  
INVENTORIES INVENTORIES
The following table summarizes our inventories at December 31, 2022 and 2021:
Millions of dollars20222021
Finished products$1,580 $1,958 
Raw materials and work in process509 759 
Total inventories (1)
$2,089 $2,717 
(1) $650 million of inventories of the European major appliance business has been classified as assets held for sale. For additional information, see Note 17 to the Consolidated Financial Statements.