INVENTORIES

12 Months Ended

Dec. 31, 2024

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 as of December 31:

millions	2024		2023
Raw materials	$	113	$	115
Materials and supplies	1,279		988
Commodity inventory and finished goods	796		1,027
	2,188		2,130
Revaluation to LIFO	(93)		(108)
Total	$	2,095	$	2,022