Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Tables)

v3.7.0.1
INVENTORIES (Tables)
 6 Months Ended
Jun. 30, 2017
INVENTORIES  
Schedule of components of inventory

Inventories consisted of the following (dollars in millions):

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

 

    

2017

    

2016

Raw materials and supplies

 

$

352

 

$

291

Work in progress

 

 

97

 

 

91

Finished goods

 

 

1,131

 

 

1,017

Total 

 

 

1,580

 

 

1,399

LIFO reserves

 

 

(60)

 

 

(55)

Net inventories

 

$

1,520

 

$

1,344