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Inventories
6 Months Ended
Jun. 30, 2015
Inventories

Note 3.  Inventories

Inventories consisted of the following:

 

                                                     
     As of June 30,      As of December 31,  
     2015      2014  
     (in millions)  

Raw materials

   $ 1,008       $ 1,122   

Finished product

     1,992         2,358   
  

 

 

    

 

 

 

Inventories, net

   $ 3,000       $ 3,480   
  

 

 

    

 

 

 

The net inventory balance as of June 30, 2015 excludes our global coffee business net inventory that was presented within current assets held for sale, ahead of our July 2, 2015 divestiture of our global coffee businesses. See Note 2, Divestitures and Acquisitions, for additional information.