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INVENTORIES

9 Months Ended

Sep. 30, 2017

NOTE 4. INVENTORIES

Inventories are stated at the lower of cost or market, with cost determined using the average cost method. Inventories at September 30, 2017 and December 31, 2016 consisted of the following:


	September 30,		December 31,
(Dollars in millions)	2017		2016
Raw materials and supplies	$	164	$	134
Work in process		42		46
Finished goods		225		246
Total	$	431	$	426