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Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Inventories - Inventories (Details)

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Note 4 - Inventories - Inventories (Details) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Raw materials and supplies $ 238 $ 241
Work in progress 43 40
Finished goods 809 758
Total 1,090 1,039
LIFO reserves (42) (44)
Net inventories [1] $ 1,048 $ 995
[1] At March 31, 2023 and December 31, 2022, respectively, $12 and $5 of cash and cash equivalents, $6 and $4 of accounts and notes receivable (net), $57 and $59 of inventories, $147 and $149 of property, plant and equipment (net), $29 each of other noncurrent assets, $97 and $114 of accounts payable, $13 and $12 of accrued liabilities, $9 each of current portion of debt, $10 and $9 of current operating lease liabilities, $24 and $26 of long-term debt, $18 and $19 of noncurrent operating lease liabilities and $24 and $25 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See 鈥淣ote 5. Variable Interest Entities.鈥� These assets can only be used to settle obligations of the variable interest entities, and creditors of these liabilities do not have recourse to our general credit.