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INVENTORIES
12 Months Ended
Dec. 31, 2015
INVENTORIES [Abstract]  
INVENTORIES
INVENTORIES

Inventories primarily consist of merchandise purchased for resale. Inventories would have been $388 million and $389 million higher than reported at December 31, 2015 and 2014, respectively, if the FIFO method of inventory accounting had been used for all Company inventories. Net earnings would have decreased by $1 million, and increased by $1 million and $8 million for the years ended December 31, 2015, 2014 and 2013, respectively, using the FIFO method of accounting. Inventory values using the FIFO method of accounting approximate replacement cost. The Company provides reserves for excess and obsolete inventory. The reserve balance was $144 million and $137 million as of December 31, 2015 and 2014, respectively.