Annual report [Section 13 and 15(d), not S-K Item 405]

INVENTORIES (Tables)

v3.25.4
INVENTORIES (Tables)
12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
Inventories
Inventories are stated at the lower of cost or net realizable value. Inventories included the following:
  December 31,
In millions 2025 2024
Finished products $ 3,091  $ 2,875 
Work-in-process and raw materials 2,987  3,086 
Inventories at FIFO cost 6,078  5,961 
Excess of FIFO over LIFO (256) (219)
Inventories $ 5,822  $ 5,742