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Inventories (Tables)

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Inventory, current

Inventories consisted of:

($ in millions)			June 30, 2024						December 31, 2023
Finished goods			$	1,889					$	1,954
Raw materials and work in process			8,456						8,037
Supplies			267						277
Total			10,612						10,268
Decrease to LIFO cost			(687)						(562)
			$	9,925					$	9,706
Recognized as:
Inventories			$	6,469					$	6,358
Other Assets			3,456						3,348

Inventory, noncurrent

Inventories consisted of:

($ in millions)			June 30, 2024						December 31, 2023
Finished goods			$	1,889					$	1,954
Raw materials and work in process			8,456						8,037
Supplies			267						277
Total			10,612						10,268
Decrease to LIFO cost			(687)						(562)
			$	9,925					$	9,706
Recognized as:
Inventories			$	6,469					$	6,358
Other Assets			3,456						3,348

X

- References

No definition available.

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- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483489/210-10-50-1

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- Definition

Tabular disclosure of inventories not expected to be converted to cash, sold or exchanged within the normal operating cycle including inventoried costs relating to long-term contracts or programs.

+ References

No definition available.

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