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Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Tables)

v3.19.3
INVENTORIES (Tables)
9 Months Ended
Sep. 30, 2019
INVENTORIES
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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鈥�

鈥�

鈥�

鈥�

September听30,听

鈥�

December听31,听

鈥�

听听听听

2019

听听听听

2018

Raw materials and supplies

鈥�

$

191

鈥�

$

191

Work in progress

鈥�

鈥�

58

鈥�

鈥�

51

Finished goods

鈥�

鈥�

745

鈥�

鈥�

798

Total

鈥�

鈥�

994

鈥�

鈥�

1,040

LIFO reserves

鈥�

鈥�

(33)

鈥�

鈥�

(40)

Net inventories

鈥�

$

961

鈥�

$

1,000