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Supplemental Balance Sheet Information
 12 Months Ended
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Information Supplemental Balance Sheet Information
Inventories by major class are as follows at December 31:
Inventories20242023
Raw materials and supplies$631 $606 
Work-in-process46 46 
Finished goods1,431 1,411 
Total Inventories, net$2,108 $2,063 
Non-current inventory, net(121)(129)
Current Inventories, net$1,987 $1,934 
Inventories valued under LIFO amounted to $453 and $471 at December 31, 2024 and 2023, respectively. The excess of current cost over LIFO cost at the end of each year was $105 and $120, respectively. The liquidations of LIFO inventory quantities had no material effect on income in 2024, 2023 and 2022. Inventory classified as non-current at December 31, 2024 was recorded on the Consolidated Balance Sheets as “Other assets.”


Property, plant and equipment, net20242023
Land$226 $227 
Buildings2,056 2,047 
Manufacturing machinery and equipment6,265 6,365 
Other equipment1,580 1,647 
 10,127 10,286 
Accumulated depreciation(5,705)(5,704)
Total Property, plant and equipment, net$4,422 $4,582 


Other current assets20242023
Marketable securities$160 $179 
Prepaids520 595 
Derivatives33 19 
Total Other current assets$713 $793 
Other accruals20242023
Accrued advertising and consumer and trade promotions$912 $882 
Accrued payroll and employee benefits437 403 
Accrued taxes other than income taxes162 167 
Restructuring accrual15 11 
Pension and other retiree benefits93 96 
Lease liabilities due in one year107 95 
Accrued interest72 78 
Derivatives23 26 
Dividend payable408 — 
Other662 619 
Total Other accruals$2,891 $2,377 



Other liabilities20242023
Pension and other retiree benefits$1,306 $1,390 
Long-term lease liabilities456 420 
Restructuring accrual29 — 
Other320 305 
Total Other liabilities$2,111 $2,115