Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.24.2.u1
INVENTORIES
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 7. INVENTORIES
Inventories are stated at the lower of cost or net realizable value. Inventories included the following:
 
In millions June 30,
2024
December 31,
2023
Finished products $ 2,979  $ 2,770 
Work-in-process and raw materials 3,101  3,156 
Inventories at FIFO cost 6,080  5,926 
Excess of FIFO over LIFO (223) (249)
Inventories $ 5,857  $ 5,677