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INVENTORIES
6 Months Ended
Jun. 30, 2012
Inventories [Abstract]  
Inventories [Text Block]

Note 10. INVENTORIES

 

Inventories include:

 June 30, December 31,
Dollars in Millions2012 2011
Finished goods$ 503 $ 478
Work in process  755   646
Raw and packaging materials  263   260
Inventories$ 1,521 $ 1,384

Inventories expected to remain on-hand beyond one year are included in non-current assets and were $349 million (including $35 million subject to regulatory approval prior to being sold) at June 30, 2012 and $260 million at December 31, 2011. The status of the regulatory approval process and the probability of future sales were considered in assessing the recoverability of these costs.