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INVENTORIES | 3 Months Ended
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Mar. 31, 2025
Inventory, Net [Abstract] |
INVENTORIES | INVENTORIES The following table summarizes our inventories at March 31, 2025 and December 31, 2024:
Millions of dollars |  | March 31, 2025 |  | December 31, 2024
Finished products |  | $ | 1,821 |  |  | $ | 1,463 |
Raw materials and work in process |  | 570 |  |  | 572 |
Total Inventories |  | $ | 2,391 |  |  | $ | 2,035 |

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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 + Details
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