INVENTORIES (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished products	$ 2,767	$ 2,538
Work-in-process and raw materials	2,028	2,009
Inventories at FIFO cost	4,795	4,547
Excess of FIFO over LIFO	(209)	(192)
Total inventories	$ 4,586	$ 4,355

The amount of FIFO (first in first out) inventory present at the reporting date when inventory is also valued using different valuation methods.

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- References

No definition available.

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- Definition

Amount before valuation and LIFO reserves of completed merchandise or goods expected to be sold within one year or operating cycle, if longer.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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- Definition

Amount by which inventory stated at last-in first-out (LIFO) is less than (in excess of) inventory stated at other inventory cost methods.

+ References

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Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
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- Definition

The aggregate carrying amount as of the balance sheet date of items held by the entity which are partially completed at the time of measurement and unprocessed items that will go through the production process and become part of the final product. Includes supplies used directly or indirectly in the manufacturing or production process. This element may be used when the reporting entity combines work in process and raw materials into an aggregate amount.

+ References

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