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Inventories
9 Months Ended
Sep. 30, 2020
Inventory, Net [Abstract]  
Inventories INVENTORIES
Inventories, net of reserves of $425 million and $429 million as of September 30, 2020 and December 31, 2019, respectively, are comprised of the following:
September 30, 2020December 31, 2019
Finished goods$2,425 $2,546 
Work in process and raw materials2,044 2,062 
Total inventories, net$4,469 $4,608 
During the three and nine months ended September 30, 2020, we recorded inventory impairments of $42 million and $218 million, respectively, predominantly in our Oilfield Services segment as a result of certain restructuring activities initiated by the Company. Charges for inventory impairments are predominantly reported in the "Cost of goods sold" caption of the condensed consolidated statements of income (loss).