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Inventories | 12 Months Ended
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Dec. 31, 2024
Inventories | NOTE 4 —Inventories: Inventories, net of reserves, consisted of the following:
|  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (U.S. $ in millions) |
Finished products |  | $ | 1,783 |  |  | $ | 2,346 |
Raw and packaging materials |  |  | 671 |  |  |  | 993 |
Products in process |  |  | 353 |  |  |  | 500 |
Materials in transit and payments on account |  |  | 199 |  |  |  | 183 |
|  | $ | 3,007 |  |  | $ | 4,021 |
During the year ended December 31, 2024, the Company classified inventories in the amount of $647 million as assets held for sale. See note 2.

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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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