v3.25.2
Inventories
6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Inventories

NOTE D. INVENTORIES

Inventories consisted of the following components (dollars in millions):

 

 

 

June 30,
2025

 

 

December 31,
2024

 

Purchased parts and raw materials

 

$

188

 

 

$

162

 

Work in progress

 

 

19

 

 

 

17

 

Finished goods

 

 

70

 

 

 

79

 

Service parts

 

 

64

 

 

 

57

 

Total inventories

 

$

341

 

 

$

315

 

 

Inventory components shipped to third parties, primarily cores, parts to re-manufacturers, and parts to contract manufacturers, which the Company has an obligation to buy back, are included in purchased parts and raw materials, with an offsetting liability in Other current liabilities. See "Note L. Other Current Liabilities” for more information.