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INVENTORIES (Tables)

9 Months Ended

Sep. 30, 2018

Inventory Disclosure [Abstract]

Schedule of inventories

	September 30,				December 31,
(Dollars in millions)	2018				2017
Finished goods	$	1,118			$	1,114
Work in process	271				213
Raw materials and supplies	554				470
Total inventories at FIFO or average cost	1,943				1,797
Less: LIFO reserve	318				288
Total inventories	$	1,625			$	1,509

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- References

No definition available.

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- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(c))
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