Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Tables)

v3.5.0.2
INVENTORIES (Tables)
6 Months Ended
Jun. 30, 2016
INVENTORIES  
Components of inventory

 

Inventories consisted of the following (dollars in millions):

                                                                                                                                                                                    

 

 

June 30,
2016

 

December 31,
2015

 

Raw materials and supplies

 

$

353

 

$

389

 

Work in progress

 

 

110

 

 

125

 

Finished goods

 

 

1,101

 

 

1,221

 

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Total

 

 

1,564

 

 

1,735

 

LIFO reserves

 

 

(42

)

 

(43

)

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​  

​  

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Net inventories

 

$

1,522

 

$

1,692

 

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