Inventories

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consisted of the following:

	December 31
Millions of dollars	2019		2018
Finished products and parts	$	1,865	$	1,947
Raw materials and supplies	1,147		934
Work in process	127		147
Total	$	3,139	$	3,028

All amounts in the table above are reported net of obsolescence reserves of $149 million at December 31, 2019 and $219 million at December 31, 2018.