Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
6 Months Ended
Jun. 30, 2023
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,
2023
December 31,
2022
Finished products $ 3,169  $ 2,917 
Work-in-process and raw materials 3,102  2,926 
Inventories at FIFO cost 6,271  5,843 
Excess of FIFO over LIFO (245) (240)
Inventories $ 6,026  $ 5,603