Inventories

3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

INVENTORIES

(In millions)	March 31, 2020		December 31, 2019		March 31, 2019
Finished products	$	2,721	$	2,684	$	3,266
Semi-finished products	1,260		1,850		1,350
Raw materials and supplies	420		498		403
Total inventories	$	4,401	$	5,032	$	5,019

As a result of the Merger, a fair value step-up of $2,297 million was recorded for inventories. During the three months ended March 31, 2019, the company recognized $205 million of these costs in cost of goods sold within loss from continuing operations before income taxes.