INVENTORIES

6 Months Ended

Jun. 30, 2024

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. As of June 30, 2024 and December 31, 2023, inventories consisted of the following:

millions	June 30, 2024		December 31, 2023
Raw materials	$	121	$	115
Materials and supplies	1,157		988
Commodity inventory and finished goods	1,643		1,027
	2,921		2,130
Revaluation to LIFO	(108)		(108)
Total	$	2,813	$	2,022