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Supplemental Balance Sheet Information
12 Months Ended
Dec. 31, 2020
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Information Supplemental Balance Sheet Information
Inventories by major class are as follows at December 31:
Inventories20202019
Raw materials and supplies$454 $305 
Work-in-process45 49 
Finished goods1,256 1,056 
        Total Inventories, net
$1,755 $1,410 
              Non-current inventory, net(82)(10)
                    Current Inventories, net
$1,673 $1,400 

Inventories valued under LIFO amounted to $439 and $303 at December 31, 2020 and 2019, respectively. The excess of current cost over LIFO cost at the end of each year was $65 and $62, respectively. The liquidations of LIFO inventory quantities had no material effect on income in 2020, 2019 and 2018. Inventory classified as non-current at December 31, 2020 was recorded on the Consolidated Balance Sheets as “Other assets.”

Property, plant and equipment, net20202019
Land$166 $153 
Buildings1,623 1,600 
Manufacturing machinery and equipment5,409 5,309 
Other equipment1,553 1,518 
 8,751 8,580 
Accumulated depreciation(5,035)(4,830)
Total Property, plant and equipment, net$3,716 $3,750 

Other accruals20202019
Accrued advertising and coupon redemption$728 $525 
Accrued payroll and employee benefits401 340 
Accrued taxes other than income taxes116 104 
Restructuring accrual21 85 
Pension and other retiree benefits89 54 
Lease Liabilities Due in One Year137 145 
Accrued interest39 43 
Derivatives93 16 
Other717 605 
Total Other accruals$2,341 $1,917 

Other liabilities20202019
Pension and other retiree benefits$1,815 $1,728 
Restructuring accrual10 15 
Long-Term Lease Liabilities476 491 
Other354 364 
Total Other liabilities$2,655 $2,598