Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.19.2
INVENTORIES
 6 Months Ended
Jun. 30, 2019
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 7. INVENTORIES
Inventories are stated at the lower of cost or market. Inventories included the following:
 
In millions
 
June 30,
2019
 
December 31,
2018
Finished products
 
$
2,431

 
$
2,405

Work-in-process and raw materials
 
1,591

 
1,487

Inventories at FIFO cost
 
4,022

 
3,892

Excess of FIFO over LIFO
 
(126
)
 
(133
)
Total inventories
 
$
3,896

 
$
3,759