Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
9 Months Ended
Sep. 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 September 30,
2024
December 31,
2023
Finished products $ 2,964  $ 2,770 
Work-in-process and raw materials 3,391  3,156 
Inventories at FIFO cost 6,355  5,926 
Excess of FIFO over LIFO (221) (249)
Inventories $ 6,134  $ 5,677