Quarterly report [Sections 13 or 15(d)]

INVENTORIES

v3.25.2
INVENTORIES
6 Months Ended
Jun. 30, 2025
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,
2025
December 31,
2024
Finished products $ 3,137  $ 2,875 
Work-in-process and raw materials 3,381  3,086 
Inventories at FIFO cost 6,518  5,961 
Excess of FIFO over LIFO (231) (219)
Inventories $ 6,287  $ 5,742