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Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Tables)

v3.20.1
INVENTORIES (Tables)
3 Months Ended
Mar. 31, 2020
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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March 31,

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December 31,

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听听听听

2020

听听听听

2019

Raw materials and supplies

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$

182

鈥�

$

175

Work in progress

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鈥�

44

鈥�

鈥�

49

Finished goods

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鈥�

815

鈥�

鈥�

718

Total

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鈥�

1,041

鈥�

鈥�

942

LIFO reserves

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鈥�

(33)

鈥�

鈥�

(28)

Net inventories

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$

1,008

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$

914