Inventories

3 Months Ended

Mar. 31, 2022

Inventory Disclosure [Abstract]

Inventories

NOTE 3 - INVENTORIES

Finished goods primarily represents oil, which is carried at the lower of weighted-average cost or net realizable value, and caustic soda and chlorine, which are valued under the LIFO method. Inventories consisted of the following:

millions	March 31, 2022		December 31, 2021
Raw materials	$	108	$	96
Materials and supplies	798		783
Commodity inventory and finished goods	599		1,066
	1,505		1,945
Revaluation to LIFO	(99)		(99)
Total	$	1,406	$	1,846