Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Tables)

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INVENTORIES (Tables)
 6 Months Ended
Jun. 30, 2014
INVENTORIES  
Components of inventory

Inventories consisted of the following (dollars in millions):

 
   June 30,
2014		   December 31,
2013		  

Raw materials and supplies

   $ 454   $ 433  

Work in progress

     90     92  

Finished goods

     1,382     1,290  
           
​ ​ ​ ​ ​ ​ ​ ​

Total

     1,926     1,815  

LIFO reserves

     (79 )   (74 )
           
​ ​ ​ ​ ​ ​ ​ ​

Net

   $ 1,847   $ 1,741  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​