XML 28 R9.htm IDEA: XBRL DOCUMENT
v3.20.2

Inventories | 9 Months Ended
--- | ---
Sep. 30, 2020
Inventory, Net [Abstract] |
Inventories | INVENTORIES The following table summarizes our inventories at September 30, 2020 and December 31, 2019:
Millions of dollars |  | September 30, 2020 |  | December 31, 2019
Finished products |  | $ | 1,708 |  |  | $ | 1,979 |
Raw materials and work in process |  | 627 |  |  | 602 |
|  | 2,335 |  |  | 2,581 |
Less: excess of FIFO cost over LIFO cost |  | (119) |  |  | (143) |
Total inventories |  | $ | 2,216 |  |  | $ | 2,438 |
LIFO inventories represented 41% and 43% of total inventories at September 30, 2020 and December 31, 2019, respectively.

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InventoryNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration