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Inventories
9 Months Ended
Sep. 30, 2015
Inventories

Note 3.  Inventories

Inventories consisted of the following:

 

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

Raw materials

   $ 967       $ 1,122   

Finished product

     2,062         2,358   
  

 

 

    

 

 

 

Inventories, net

   $ 3,029       $ 3,480   
  

 

 

    

 

 

 

On July 2, 2015, we deconsolidated $469 million of net inventory with the coffee business transactions. See Note 2, Divestitures and Acquisitions, for additional information.