Inventories

3 Months Ended

Mar. 31, 2021

Inventories

NOTE 4 – Inventories:

Inventories, net of reserves, consisted of the following:

	March 31, 2021		December 31, 2020
	(U.S. $ in millions)
Finished products	$	2,253	$	2,378
Raw and packaging materials		1,297		1,231
Products in process		663		605
Materials in transit and payments on account		193		189
Total	$	4,406	$	4,403