XML 69 R14.htm IDEA: XBRL DOCUMENT

Inventories

6 Months Ended

Jun. 30, 2014

F. Inventories


	June 30, 2014		December 31, 2013
Finished goods	$	688	$	578
Work-in-process		1,077		828
Bauxite and alumina		642		581
Purchased raw materials		584		474
Operating supplies		236		244

	$	3,227	$	2,705

At June 30, 2014 and December 31, 2013, the total amount of inventories valued on a last in, first out (LIFO) basis was $1,445 and $1,169, respectively. If valued on an average-cost basis, total inventories would have been $714 and $691 higher at June 30, 2014 and December 31, 2013, respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details