Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.22.2.2
INVENTORIES
9 Months Ended
Sep. 30, 2022
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 8. INVENTORIES
Inventories are stated at the lower of cost or net realizable value. Inventories included the following:
 
In millions September 30,
2022
December 31,
2021
Finished products $ 2,914  $ 2,538 
Work-in-process and raw materials 2,860  2,009 
Inventories at FIFO cost 5,774  4,547 
Excess of FIFO over LIFO (231) (192)
Total inventories $ 5,543  $ 4,355