Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v2.4.0.8
INVENTORIES
6 Months Ended
Jun. 30, 2013
INVENTORIES  
INVENTORIES

NOTE 9.  INVENTORIES

 

Inventories are stated at the lower of cost or market.  Inventories included the following:

 

 

 

June 30,

 

December 31,

 

In millions

 

2013

 

2012

 

Finished products

 

$

1,561

 

$

1,393

 

Work-in-process and raw materials

 

1,026

 

939

 

Inventories at FIFO cost

 

2,587

 

2,332

 

Excess of FIFO over LIFO

 

(112

)

(111

)

Total inventories

 

$

2,475

 

$

2,221