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INVENTORIES
6 Months Ended
Jun. 30, 2011
Inventories [Abstract]  
Inventories [Text Block]

Note 9. INVENTORIES

 

Inventories include:

 June 30, December 31,
Dollars in Millions2011 2010
Finished goods$ 437 $ 397
Work in process  698   608
Raw and packaging materials  357   199
Inventories$ 1,492 $ 1,204

In addition, inventories expected to remain on-hand beyond one year are included in non-current assets and were $248 million (including $41 million of capitalized costs which are subject to regulatory approval prior to being sold) at June 30, 2011 and $297 million at December 31, 2010. The status of the regulatory approval process and the probability of future sales were considered in assessing the recoverability of these costs.