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Inventories (Tables)
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Schedule of inventories
Inventories (stated at the lower of cost or net realizable value, cost being determined on a FIFO basis) as of December 31, 2024 and 2023 consist of the following:
(in millions of dollars)
20242023
Raw materials$1,372 $1,891 
Work-in-process384 443 
Finished goods3,020 3,211 
Total Inventories$4,776 $5,545