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INVENTORIES

6 Months Ended

Jun. 30, 2025

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

			June 30,						December 31,
(Dollars in millions)			2025						2024
Finished goods			$	1,475					$	1,321
Work in process			322						305
Raw materials and supplies			699						737
Total inventories at FIFO or average cost			2,496						2,363
Less: LIFO reserve			345						375
Total inventories			$	2,151					$	1,988

Inventories valued on the last-in, first-out ("LIFO") method were approximately 50 percent of total inventories at both June 30, 2025 and December 31, 2024.

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- References

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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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