Annual report pursuant to Section 13 and 15(d)

INVENTORIES (Tables)

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INVENTORIES (Tables)
12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Inventories
Inventories are stated at the lower of cost or net realizable value. Inventories included the following:
  December 31,
In millions 2021 2020
Finished products $ 2,538  $ 2,216 
Work-in-process and raw materials 2,009  1,346 
Inventories at FIFO cost 4,547  3,562 
Excess of FIFO over LIFO (192) (137)
Total inventories $ 4,355  $ 3,425