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INVENTORIES

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

			December 31,
(Dollars in millions)			2024						2023
Finished goods			$	1,321					$	1,193
Work in process			305						293
Raw materials and supplies			737						618
Total inventories at FIFO or average cost			2,363						2,104
Less: LIFO reserve			375						421
Total inventories			$	1,988					$	1,683

Inventories valued on the LIFO method were approximately 50 percent of total inventories at both December 31, 2024 and 2023.

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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
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

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