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Inventories and Equipment on Operating Leases, Net
6 Months Ended
Jun. 30, 2024
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:
June 30,
2024
December 31,
2023
Finished goods$639 $528 
Work-in-process48 47 
Raw materials(1)
50 86 
Total Inventories$737 $661 
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(1)Raw materials at June 30, 2024 reflects a reduction of approximately $38, related to the exit of certain production print manufacturing operations.
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 consist 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 are as follows:
 June 30,
2024
December 31,
2023
Equipment on operating leases$984 $1,074 
Accumulated depreciation(731)(809)
Equipment on operating leases, net$253 $265 
Total contingent rentals on operating leases, consisting principally of usage charges in excess of minimum contracted amounts, were $10 and $16 for the three months ended June 30, 2024 and 2023, respectively, and $23 and $33 for the six months ended June 30, 2024 and 2023, respectively.