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Inventories (Tables)
12 Months Ended
Dec. 31, 2015
Inventory Disclosure [Abstract]  
Summary of Inventories

Inventories (stated at the lower of cost or market, cost being determined on a FIFO basis) as of December 31, 2015, and 2014 consist of the following:

 

 

 

2015

 

 

2014

 

 

 

(in millions)

 

Raw materials

 

$

1,254

 

 

$

1,672

 

Work-in-process

 

 

747

 

 

 

552

 

Finished goods

 

 

3,689

 

 

 

4,784

 

Total inventories

 

$

5,690

 

 

$

7,008