Inventories, net

9 Months Ended

Sep. 30, 2019

Inventory Disclosure [Abstract]

Inventories, net

Inventories, net

Certain U.S. inventories are measured by the last-in, first-out (“LIFO”) method at the lower of cost or market, while other U.S. and foreign operations use the first-in, first-out (“FIFO”) or average-cost methods at the lower of cost and net realizable value. Inventories consisted of the following:

	September 30,			December 31,
(in millions)	2019			2018
Raw material and supplies	$	515		$	485
Work in progress	114			114
Finished goods	195			199
FIFO inventories	824			798
LIFO reserve	(14		)	(17		)
Inventories, net	$	810		$	781