Annual report pursuant to Section 13 and 15(d)

INVENTORIES (Tables)

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INVENTORIES (Tables)
12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
Inventories
Inventories are stated at the lower of cost or net realizable value. Inventories included the following:
  December 31,
In millions 2023 2022
Finished products $ 2,770  $ 2,917 
Work-in-process and raw materials 3,156  2,926 
Inventories at FIFO cost 5,926  5,843 
Excess of FIFO over LIFO (249) (240)
Inventories $ 5,677  $ 5,603