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INVENTORIES
 12 Months Ended
Dec. 31, 2019
Inventories [Abstract]  
Inventories Inventories
 
December 31,
2019
 
2018
Raw materials
$
1,056

 
$
1,109

Work in process
817

 
811

Finished products
2,593

 
2,445

 
4,466

 
4,365

Reduction to LIFO cost basis
(45
)
 
(39
)
 
$
4,421

 
$
4,326


Inventories valued at LIFO amounted to $292 million and $294 million at December 31, 2019 and 2018. Had such LIFO inventories been valued at current costs, the carrying values would have been approximately $45 million and $39 million higher at December 31, 2019 and 2018.