Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

v3.8.0.1
INVENTORIES (Details) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Inventories    
Raw materials and supplies $ 240 $ 189
Work in progress 50 48
Finished goods 972 897
Total 1,262 1,134
LIFO reserves (59) (61)
Net inventories [1] $ 1,203 $ 1,073
Percentage of inventories recorded using the LIFO cost method 13.00% 12.00%
[1] At March 31, 2018 and December 31, 2017, respectively, $13 and $15 of cash and cash equivalents, $9 and $11 of restricted cash, $38 and $35 of accounts and notes receivable (net), $52 and $46 of inventories, $7 each of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $57 and $43 of other noncurrent assets, $91 and $109 of accounts payable, $32 each of accrued liabilities, $22 and $21 of current portion of debt, $83 and $86 of longterm debt, and $99 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”