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Inventories (Tables)
12 Months Ended
Dec. 31, 2018
Inventories [Abstract]  
Composition of Inventory



 

 

 

 

 



December 31,



2018

 

2017

Finished goods inventory at average cost:

 

 

 

 

 

Valves, automation, measurement and instrumentation

$

366 

 

$

292 

Carbon steel pipe, fittings and flanges

 

346 

 

 

268 

All other products

 

282 

 

 

270 



 

994 

 

 

830 

Less: Excess of average cost over LIFO cost (LIFO reserve)

 

(157)

 

 

(95)

Less: Other inventory reserves

 

(40)

 

 

(34)



$

797 

 

$

701