Annual report pursuant to Section 13 and 15(d)

INVENTORIES

v2.4.1.9
INVENTORIES
12 Months Ended
Dec. 31, 2014
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 6. INVENTORIES
Inventories are stated at the lower of cost or market. Inventories included the following:
 
December 31,
In millions
2014
 
2013
Finished products
$
1,859

 
$
1,487

Work-in-process and raw materials
1,129

 
1,005

Inventories at FIFO cost
2,988

 
2,492

Excess of FIFO over LIFO
(122
)
 
(111
)
Total inventories
$
2,866

 
$
2,381