Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.19.1
INVENTORIES
 3 Months Ended
Mar. 31, 2019
Inventory Disclosure [Abstract]  
INVENTORIES NOTE 7. INVENTORIES
Inventories are stated at the lower of cost or market. Inventories included the following:
 
In millions
 
March 31,
2019
 
December 31,
2018
Finished products
 
$
2,427

 
$
2,405

Work-in-process and raw materials
 
1,598

 
1,487

Inventories at FIFO cost
 
4,025

 
3,892

Excess of FIFO over LIFO
 
(132
)
 
(133
)
Total inventories
 
$
3,893

 
$
3,759