Inventories

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

INVENTORIES

(In millions)	June 30, 2019		December 31, 2018		June 30, 2018
Finished products	$	2,103	$	3,022	$	2,611
Semi-finished products	1,373		1,821		1,401
Raw materials	228		191		209
Stores and supplies	214		276		141
Total inventories	$	3,918	$	5,310	$	4,362

As a result of the Merger, a fair value step-up of $2,297 million was recorded for inventories. During the three and six months ended June 30, 2019, the company recognized $52 million and $257 million of these costs in cost of goods sold within income from continuing operations. During the three and six months ended June 30, 2018, the company recognized $676 million and $1,315 million of these costs in cost of goods sold within income (loss) from continuing operations.