Inventories

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories (stated at the lower of cost or market, cost being determined on a FIFO basis) as of December 31, 2023 and 2022 consist of the following:

(in millions of dollars)	2023		2022
Raw materials	$	1,891	$	1,955
Work-in-process	443		471
Finished goods	3,211		2,385
Total Inventories	$	5,545	$	4,811