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Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Tables)

v3.20.2
INVENTORIES (Tables)
6 Months Ended
Jun. 30, 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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June听30,听

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December 31,

鈥�

听听听听

2020

听听听听

2019

Raw materials and supplies

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$

186

鈥�

$

175

Work in progress

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鈥�

46

鈥�

鈥�

49

Finished goods

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鈥�

678

鈥�

鈥�

718

Total

鈥�

鈥�

910

鈥�

鈥�

942

LIFO reserves

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鈥�

(25)

鈥�

鈥�

(28)

Net inventories

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$

885

鈥�

$

914