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Inventories and Equipment on Operating Leases, Net
 9 Months Ended
Sep. 30, 2021
Inventories and Equipment on Operating Leases, Net [Abstract]  
Inventories and Equipment on Operating Leases, Net Inventories and Equipment on Operating Leases, Net
The following is a summary of Inventories by major category:
September 30,
2021		December 31,
2020
Finished goods$652 $707 
Work-in-process43 43 
Raw materials93 93 
Total Inventories$788 $843 
The transfer of equipment from our inventories to equipment subject to an operating lease is presented in our Condensed Consolidated Statements of Cash Flows in the operating activities section. Equipment on operating leases and similar arrangements consists of our equipment rented to customers and depreciated to estimated salvage value at the end of the lease term.
Equipment on operating leases and the related accumulated depreciation were as follows:
 September 30,
2021		December 31,
2020
Equipment on operating leases$1,279 $1,376 
Accumulated depreciation(1,025)(1,080)
Equipment on operating leases, net$254 $296 
Total contingent rentals on operating leases, consisting principally of usage charges in excess of minimum contracted amounts, were $15 and $15 for the three months ended September 30, 2021 and 2020, respectively and $46 and $51 for the nine months ended September 30, 2021 and 2020, respectively.
Secured Borrowings and Collateral
In September 2021, we sold the rights to payments under operating leases with an equipment net book value of $9 to a consolidated SPE, which are included in our Condensed Consolidated Balance Sheet as collateral for a secured loan.
Refer to Note 12 - Debt, for additional information related to this arrangement