INVENTORIES

12 Months Ended

Dec. 31, 2018

Inventories [Abstract]

Inventories

Note 9. Inventories

	December 31,
		2018		2017
Raw materials	$	1,109	$	1,193
Work in process		811		790
Finished products		2,445		2,669
		4,365		4,652
Reduction to LIFO cost basis		(39)		(39)
	$	4,326	$	4,613

Inventories valued at LIFO amounted to $294 million and $324 million at December 31, 2018 and 2017. Had such LIFO inventories been valued at current costs, the carrying values would have been approximately $39 million higher at December 31, 2018 and 2017.