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INVENTORIES

9 Months Ended

Sep. 30, 2013

The following table provides a breakdown of inventories:



Inventories In millions	Sep 30, 2013		Dec 31, 2012
Finished goods	$	4,872	$	4,880
Work in process	2,223		1,910
Raw materials	929		866
Supplies	868		820
Total inventories	$	8,892	$	8,476

The reserves reducing inventories from the first-in, first-out (“FIFO”) basis to the last-in, first-out (“LIFO”) basis amounted to $857 million at September 30, 2013 and $842 million at December 31, 2012.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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