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Inventories
9 Months Ended
Sep. 30, 2016
Inventory Disclosure [Abstract]  
Inventories

F. Inventories

 

     September 30,
2016
     December 31,
2015
 

Finished goods

   $ 854       $ 811   

Work-in-process

     1,325         1,272   

Bauxite and alumina

     401         445   

Purchased raw materials

     670         720   

Operating supplies

     205         194   
  

 

 

    

 

 

 
   $ 3,455       $ 3,442   
  

 

 

    

 

 

 

At September 30, 2016 and December 31, 2015, the total amount of inventories valued on a LIFO basis was $1,311 and $1,373, respectively. If valued on an average-cost basis, total inventories would have been $567 and $559 higher at September 30, 2016 and December 31, 2015, respectively.