INVENTORIES



	Successor		Predecessor
(In millions)	December 31, 2017		December 31, 2016
Finished products	$	4,500	$	2,961
Semi-finished products	2,769		1,877
Raw materials	371		292
Stores and supplies	447		398
Total	$	8,087	$	5,528
Adjustment of inventories to a LIFO basis	546		(178		)
Total inventories	$	8,633	$	5,350

As a result of the Merger, a fair value step-up of $3,842 million was recorded for inventories. Of this amount, $1,434 million has been recognized in costs of goods sold within loss from continuing operations for the period September 1, 2017 through December 31, 2017. See Note 3 for additional information regarding the Merger.