Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
3 Months Ended
Mar. 31, 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 March 31,
2024
December 31,
2023
Finished products $ 2,931  $ 2,770 
Work-in-process and raw materials 3,049  3,156 
Inventories at FIFO cost 5,980  5,926 
Excess of FIFO over LIFO (222) (249)
Inventories $ 5,758  $ 5,677