INVENTORIES

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories, net were as follows:

(in millions)	March 31, 2023		December 31, 2022
Raw materials and supplies	$	168	$	169
Work-in-process	87		77
Finished goods	404		381
Inventories, net	$	659	$	627

The Company's inventory reserve was $90 million and $83 million at March 31, 2023 and December 31, 2022, respectively. Inventories are stated at the lower of cost and net realizable value.