INVENTORIES

Inventories, net of reserves of $430 million and $360 million in 2018 and 2017, respectively, are comprised of the following at December 31:



	2018		2017
Finished goods	$	2,575	$	2,577
Work in process and raw materials	2,045		1,930
Total inventories, net	$	4,620	$	4,507

During 2018 and 2017, we recorded $105 million and $157 million of inventory impairments as a result of certain restructuring activities initiated by the Company. Charges for inventory impairments are reported in the "Cost of goods sold" caption of the consolidated and combined statements of income (loss).