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Inventories
12 Months Ended
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.