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Inventories | 9 Months Ended
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Sep. 30, 2020
Inventory Disclosure [Abstract] |
Inventories | Inventories
| September 30, 2020 |  | December 31, 2019
Finished goods | $ | 539 |  |  | $ | 524 |
Work-in-process | 683 |  |  | 741 |
Purchased raw materials | 326 |  |  | 299 |
Operating supplies | 44 |  |  | 43 |
Total inventories | $ | 1,592 |  |  | $ | 1,607 |
At September 30, 2020 and December 31, 2019, the portion of inventories valued on a last-in, first-out (LIFO) basis was $488 and $503, respectively. If valued on an average-cost basis, total inventories would have been $127 and $133 higher at September 30, 2020 and December 31, 2019, respectively.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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