XML 84 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Inventories
 12 Months Ended
Dec. 31, 2011
Inventories [Abstract]  
Inventories
2. Inventories

Inventories are valued at the lower of cost, determined on a LIFO basis, or market and consisted of the following:

 

 

                 
    December 31,  
    2011     2010  
    (In millions)  

Leaf tobacco

   $ 230     $ 225  

Manufactured stock

     43       48  

Materials and supplies

     4       4  
   

 

 

    

 

 

  
    $ 277     $ 277  
   

 

 

    

 

 

  

If the average cost method of accounting was used, inventories would be greater by approximately $223 million and $206 million at December 31, 2011 and 2010, respectively.