Quarterly report [Sections 13 or 15(d)]

INVENTORIES

v3.26.1
INVENTORIES
3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 7. INVENTORIES
Inventories are stated at the lower of cost or net realizable value. Inventories included the following:
 
In millions March 31,
2026
December 31,
2025
Finished products $ 3,215  $ 3,091 
Work-in-process and raw materials 3,128  2,987 
Inventories at FIFO cost 6,343  6,078 
Excess of FIFO over LIFO (217) (256)
Inventories $ 6,126  $ 5,822