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Inventories | 6 Months Ended
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Jun. 30, 2020
Inventory Disclosure [Abstract] |
Inventories | Inventories
($ in millions) | June 30, 2020 |  | December 31, 2019
Finished products | $1,012 |  |  | $1,047 |
Work in process | 192 |  |  | 197 |
Raw materials | 466 |  |  | 431 |
Supplies | 36 |  |  | 35 |
Total Inventories | $1,706 |  |  | $1,710 |
Most U.S. inventories are valued using the last-in, first-out method. These inventories represented approximately 35% and 34% of total inventories at June 30, 2020 and December 31, 2019, respectively. If the first-in, first-out method of inventory valuation had been used, inventories would have been $119 million and $124 million higher as of June 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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