INVENTORIES

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 7. INVENTORIES

Inventories are stated at the lower of cost or net realizable value. Inventories included the following:

 

In millions	March 31, 2023		December 31, 2022
Finished products	$	3,089	$	2,917
Work-in-process and raw materials	3,019		2,926
Inventories at FIFO cost	6,108		5,843
Excess of FIFO over LIFO	(230)		(240)
Inventories	$	5,878	$	5,603