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INVENTORIES
3 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories, net were as follows:
(in millions)March 31, 2024December 31, 2023
Raw materials and supplies$174 $185 
Work-in-process75 77 
Finished goods364 362 
Inventories, net$613 $624 
The Company's inventory reserve was $107 million at both March 31, 2024 and December 31, 2023. Inventories are stated at the lower of cost and net realizable value.