XML 22 R12.htm IDEA: XBRL DOCUMENT v3.22.1
Inventories
3 Months Ended
Mar. 31, 2022
Inventory Disclosure [Abstract]  
Inventories Inventories
The major components of inventories were as follows:
March 31,
2022
December 31, 2021
Petroleum products$795 $998 
Crude oil8,962 11,834 
Caustic soda6,654 5,690 
NaHS18,308 17,040 
Raw materials - Alkali operations7,760 7,599 
Work-in-process - Alkali operations10,058 7,496 
Finished goods, net - Alkali operations17,669 13,681 
Materials and supplies, net - Alkali operations13,888 13,620 
Total$84,094 $77,958 

Inventories are valued at the lower of cost or net realizable value. There was no adjustment to the net realizable value of inventories during the period ended March 31, 2022. As of December 31, 2021, the net realizable value of inventories were below cost by $2.0 million, which triggered a reduction of the value of inventory in our Consolidated Financial Statements by this amount.
Materials and supplies include chemicals, maintenance supplies and spare parts which will be consumed in the mining of trona ore and production of soda ash processes.