INVENTORIES |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVENTORIES | Ìý | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVENTORIES |
3. INVENTORIES Ìý Inventories are stated at the lower of cost or market, with cost determined using LIFO, first-in first-out, and average cost methods for different components of inventory. Inventories consisted of the following (dollars in millions): Ìý
Ìý For both March 31, 2017 and December 31, 2016, approximately 9% of inventories were recorded using the LIFO cost method. |
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