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INVENTORIES

12 Months Ended

Dec. 31, 2017

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

	December 31,
(Dollars in millions)	2017				2016
Finished goods	$	1,114			$	997
Work in process	213				198
Raw materials and supplies	470				473
Total inventories at FIFO or average cost	1,797				1,668
Less: LIFO reserve	288				264
Total inventories	$	1,509			$	1,404

Inventories valued on the LIFO method were approximately 60 percent of total inventories at both December 31, 2017 and 2016.

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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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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