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Annual report pursuant to Section 13 and 15(d)

INVENTORIES

v3.10.0.1
INVENTORIES
12 Months Ended
Dec. 31, 2018
INVENTORIES Ìý
INVENTORIES

5.ÌýÌýINVENTORIES

Inventories consisted of the following (dollars in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

DecemberÌý31,Ìý

Ìý

DecemberÌý31,Ìý

Ìý

ÌýÌýÌýÌý

2018

ÌýÌýÌýÌý

2017

Raw materials and supplies

Ìý

$

215

Ìý

$

189

Work in progress

Ìý

Ìý

51

Ìý

Ìý

48

Finished goods

Ìý

Ìý

927

Ìý

Ìý

897

TotalÌý

Ìý

Ìý

1,193

Ìý

Ìý

1,134

LIFO reserves

Ìý

Ìý

(59)

Ìý

Ìý

(61)

Net inventories

Ìý

$

1,134

Ìý

$

1,073

Ìý

For DecemberÌý31, 2018 and 2017, approximately 13% and 12% of inventories were recorded using the LIFO cost method, respectively.