Working Capital Detail



(Millions)		2013		2012
Receivables
	Trade - net⁽¹⁾	$	2,449	$	2,568
	Equity affiliates	10		22
	Other - net	277		223
	Total	$	2,736	$	2,813
Inventories⁽²⁾
	Finished products	$	1,156	$	980
	Work in process	160		144
	Raw materials	440		443
	Supplies	68		120
	Total	$	1,824	$	1,687
Accounts payable and accrued liabilities
	Trade	$	1,790	$	1,620
	Accrued payroll	506		459
	Customer rebates	225		212
	Other postretirement and pension benefits	93		103
	Income taxes	80		71
	Other	571		596
	Total	$	3,265	$	3,061


(1)	Allowance for Doubtful Accounts equaled $74 million and $77 million as of December 31, 2013 and 2012, respectively.

(2)

Inventories valued using the LIFO method of inventory valuation comprised 38% and 36% of total gross inventory values as of December 31, 2013 and 2012, respectively. If the FIFO method of inventory valuation had been used, inventories would have been $195 million and $243 million higher as of December 31, 2013 and 2012, respectively. During the year ended December 31, 2013 and 2012, certain inventories accounted for on the LIFO method of accounting were reduced, which resulted in the liquidation of certain quantities carried at costs prevailing in prior years. The effect on income from continuing operations was income of $0.7 million and $3.0 million for the years ended December 31, 2013 and 2012, respectively.