v3.26.1
Inventories, net
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventories, net

2. Inventories, net

Inventories consist of (in millions):

 

 

June 30, 2026

 

 

December 31, 2025

 

Raw materials and supplies

 

$

487

 

 

$

456

 

Work in process

 

 

221

 

 

 

217

 

Finished goods and purchased products

 

 

1,505

 

 

 

1,387

 

 

 

 

2,213

 

 

 

2,060

 

Less: Inventory reserve

 

 

(266

)

 

 

(261

)

Total

 

$

1,947

 

 

$

1,799