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INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Schedule of inventories

	June 30,				December 31,
(Dollars in millions)	2019				2018
Finished goods	$	1,205			$	1,143
Work in process	252				262
Raw materials and supplies	573				515
Total inventories at FIFO or average cost	2,030				1,920
Less: LIFO reserve	300				337
Total inventories	$	1,730			$	1,583

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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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