Inventories

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Inventories

NOTE 3 - INVENTORIES

Finished goods primarily represent 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	September 30, 2022		December 31, 2021
Raw materials	$	110	$	96
Materials and supplies	882		783
Commodity inventory and finished goods	1,044		1,066
	2,036		1,945
Revaluation to LIFO	(99)		(99)
Total	$	1,937	$	1,846