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INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2022

Inventory, Net [Abstract]

Schedule of Inventory

The following table summarizes our inventories at March 31, 2022 and December 31, 2021:

Millions of dollars						March 31, 2022						December 31, 2021
Finished products						$	2,358					$	1,958
Raw materials and work in process						778						759
Total Inventories						$	3,136					$	2,717

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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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