INVENTORIES

3 Months Ended

Mar. 31, 2024

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, 2024		December 31, 2023
Finished products	$	2,931	$	2,770
Work-in-process and raw materials	3,049		3,156
Inventories at FIFO cost	5,980		5,926
Excess of FIFO over LIFO	(222)		(249)
Inventories	$	5,758	$	5,677