Inventories, net

3 Months Ended

Mar. 31, 2020

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, net consisted of the following:

	March 31,			December 31,
(in millions)	2020			2019
Raw material and supplies	$	536		$	502
Work in progress	114			113
Finished goods	211			207
FIFO inventories	861			822
LIFO reserve	(14		)	(15		)
Inventories, net	$	847		$	807