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Inventories (Tables)
12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
Components of Inventory
The components of inventory follow:
As of December 31,
(MILLIONS OF DOLLARS)20232022
Finished goods$1,147 $1,090 
Work-in-process966 825 
Raw materials and supplies451 430 
Inventories$2,564 $2,345