text: Raw materials 
  
  Work in process 
  
  Finished goods (1) 
  
  Service parts 
  
  Total 
  
  (1) 
  Finished goods inventory includes products-in-transit to fulfill customer orders, new vehicles, used vehicles and energy 
  products available for sale. 
  
  We write-down inventory for any excess or obsolete inventory or when we believe that the net realizable value of 
  
  inventory is less than the carrying value. During the three and nine months ended September 30, 2024, we recorded write- 
  downs of $46 million and $114 million, respectively, in Cost of revenues in the consolidated statements of operations. During 
  the three and nine months ended September 30, 2023, we recorded write-downs of $43 million and $148 million, respectively, 
  in Cost of revenues in the consolidated statements of operations. 
  
  Note 4 – Property, Plant and Equipment, Net 
  
  Our property, plant and equipment, net, consisted of the following (in millions): 