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Inventories
6 Months Ended
Jun. 30, 2020
Inventory Disclosure [Abstract]  
Inventories Inventories
($ in millions)June 30, 2020December 31, 2019
Finished products$1,012  $1,047  
Work in process192  197  
Raw materials466  431  
Supplies36  35  
Total Inventories$1,706  $1,710  
Most U.S. inventories are valued using the last-in, first-out method. These inventories represented approximately 35% and 34% of total inventories at June 30, 2020 and December 31, 2019, respectively. If the first-in, first-out method of inventory valuation had been used, inventories would have been $119 million and $124 million higher as of June 30, 2020 and December 31, 2019, respectively.