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Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Tables)

v3.19.2
INVENTORIES (Tables)
6 Months Ended
Jun. 30, 2019
Schedule of inventory

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):

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闯耻苍别听30,听

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顿别肠别尘产别谤听31,听

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听听听听

2019

听听听听

2018

Raw materials and supplies

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$

222

鈥�

$

215

Work in progress

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鈥�

55

鈥�

鈥�

51

Finished goods

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鈥�

868

鈥�

鈥�

927

Total

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鈥�

1,145

鈥�

鈥�

1,193

LIFO reserves

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鈥�

(51)

鈥�

鈥�

(59)

Net inventories

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$

1,094

鈥�

$

1,134