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Inventories (Tables)

12 Months Ended

Dec. 31, 2020

Inventory, Net [Abstract]

Summary of Inventories

The following table summarizes our inventories at December 31, 2020 and 2019:

Millions of dollars						2020						2019
Finished products						$	1,635					$	1,960
Raw materials and work in process						666						600
Total inventories						$	2,301					$	2,560

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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.

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