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Inventories
12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
Inventories

4. Inventories

Inventories, which are stated at the lower of average cost or net realizable value, consist of the following:

 

(Stated in millions)

 

 

 

 

 

 

 

 

2023

 

 

2022

 

Raw materials & field materials

$

2,296

 

$

2,085

 

Work in progress

 

762

 

 

 

547

 

Finished goods

 

1,329

 

 

1,367

 

$

4,387

 

$

3,999