INVENTORIES

3 Months Ended

Mar. 31, 2022

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 8. INVENTORIES

Inventories are stated at the lower of cost or net realizable value. Inventories included the following:

 

In millions	March 31, 2022		December 31, 2021
Finished products	$	2,767	$	2,538
Work-in-process and raw materials	2,028		2,009
Inventories at FIFO cost	4,795		4,547
Excess of FIFO over LIFO	(209)		(192)
Total inventories	$	4,586	$	4,355