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INVENTORIES, NET

6 Months Ended

Jun. 30, 2021

Inventory Disclosure [Abstract]

INVENTORIES, NET

INVENTORIES, NET

A summary of Inventories, net is presented below:

			June 30,						December 31,
(in millions)			2021						2020
Raw material and supplies			$	1,014					$	827
Work in progress			181						150
Finished goods			396						324
FIFO inventories			1,591						1,301
LIFO reserve			(24)						(15)
Inventories, net			$	1,567					$	1,286

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- References

No definition available.

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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

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