INVENTORIES (Notes)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

The following table provides a breakdown of inventories:

Inventories at Dec 31
In millions	2023		2022
Finished goods	$	3,413	$	4,150
Work in process	1,234		1,476
Raw materials	746		954
Supplies	992		892
Total	$	6,385	$	7,472
Adjustment of inventories to the LIFO basis	(309)		(484)
Total inventories	$	6,076	$	6,988

At December 31, 2023, approximately 29 percent, 60 percent and 11 percent of the Company's inventories were accounted for under the LIFO, FIFO and average cost methods, respectively. At December 31, 2022, approximately 27 percent, 64 percent and 9 percent of the Company's inventories were accounted for under the LIFO, FIFO and average cost methods, respectively.