Inventories

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Inventories

NOTE 3 - INVENTORIES

Finished goods primarily represents oil, which is carried at the lower of weighted-average cost or net realizable value, and caustic soda and chlorine, which are valued under the LIFO method. Inventories consisted of the following:

millions	June 30, 2022		December 31, 2021
Raw materials	$	111	$	96
Materials and supplies	837		783
Commodity inventory and finished goods	715		1,066
	1,663		1,945
Revaluation to LIFO	(99)		(99)
Total	$	1,564	$	1,846