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Inventories and Equipment on Operating Leases, Net
 9 Months Ended
Sep. 30, 2022
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,
2022		December 31,
2021
Finished goods$617 $568 
Work-in-process47 43 
Raw materials113 85 
Total Inventories$777 $696 
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,
2022		December 31,
2021
Equipment on operating leases$1,142 $1,266 
Accumulated depreciation(926)(1,013)
Equipment on operating leases, net$216 $253 
Total contingent rentals on operating leases, consisting principally of usage charges in excess of minimum contracted amounts, were $16 and $15 for the three months ended September 30, 2022 and 2021, respectively, and $47 and $46 for the nine months ended September 30, 2022 and 2021, respectively.
Secured Borrowings and Collateral
In 2021, we sold the rights to payments under operating leases to a consolidated special purpose entity included in our Condensed Consolidated Balance Sheet as collateral for a secured loan.
Refer to Note 13 - Debt for additional information related to this arrangement.