Inventories

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

INVENTORIES

(In millions)	December 31, 2019		December 31, 2018
Finished products	$	2,684	$	3,022
Semi-finished products	1,850		1,821
Raw materials and supplies	498		467
Total inventories	$	5,032	$	5,310

As a result of the Merger, a fair value step-up of $2,297 million was recorded for inventories. Of this amount, $272 million, $1,554 million, and $425 million was recognized in cost of goods sold within (loss) income from continuing operations for the year ended December 31, 2019, the year ended December 31, 2018, and the period September 1 through December 31, 2017, respectively.