Annual report pursuant to Section 13 and 15(d)

INVENTORIES (Tables)

v3.20.4
INVENTORIES (Tables)
12 Months Ended
Dec. 31, 2020
Inventory Disclosure [Abstract]  
Inventories
Inventories are stated at the lower of cost or net realizable value. Inventories included the following:
  December 31,
In millions 2020 2019
Finished products $ 2,216  $ 2,214 
Work-in-process and raw materials 1,346  1,395 
Inventories at FIFO cost 3,562  3,609 
Excess of FIFO over LIFO (137) (123)
Total inventories $ 3,425  $ 3,486