Inventories

6 Months Ended

Jun. 30, 2026

Inventories consist of the following:


	June 30, 2026		December 31, 2025
Work in progress and others	$	1,136	$	1,018
Raw materials and supplies	626		649
Inventory reserves	(140)		(90)
Total	$	1,622	$	1,577

For the three months ended June 30, 2026 and 2025, the Company recognized $13 million and $6 million, respectively, within cost of revenue to write down certain inventories to their estimated net realizable value.

For the six months ended June 30, 2026 and 2025, the Company recognized $74 million and $23 million, respectively, within cost of revenue to write down certain inventories to their estimated net realizable value.

There were no significant reversals of any write-down of inventories.