Inventories, Net

6 Months Ended

Jun. 30, 2011

Inventories, Net Disclosure [Text Block]

Inventories, Net.

Inventories, net consists of the following:



	June 30, 2011		December 31, 2010
	(in millions)
Raw materials	$	241	$	211
Work in process	225		195
Finished goods	795		670
	1,261		1,076
Other:
Ferrous metals	64		43
Non-ferrous metals	26		21
Secondary metals	24		23
	114		87
Total inventories, net	$	1,375	$	1,163

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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