INVENTORIES

3 Months Ended

Mar. 31, 2023

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	March 31, 2023		December 31, 2022
Raw materials	$	125	$	120
Materials and supplies	958		913
Commodity inventory and finished goods	1,349		1,147
	2,432		2,180
Revaluation to LIFO	(121)		(121)
Total	$	2,311	$	2,059