Annual report pursuant to Section 13 and 15(d)

INVENTORIES (Tables)

v3.22.4
INVENTORIES (Tables)
12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Inventories
Inventories are stated at the lower of cost or net realizable value. Inventories included the following:
  December 31,
In millions 2022 2021
Finished products $ 2,917  $ 2,538 
Work-in-process and raw materials 2,926  2,009 
Inventories at FIFO cost 5,843  4,547 
Excess of FIFO over LIFO (240) (192)
Inventories $ 5,603  $ 4,355