Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Inventories    
Raw materials and supplies $ 236 $ 189
Work in progress 48 48
Finished goods 949 897
Total 1,233 1,134
LIFO reserves (55) (61)
Net inventories [1] $ 1,178 $ 1,073
Percentage of inventories recorded using the LIFO cost method 11.00% 12.00%
[1] At June 30, 2018 and December 31, 2017, respectively, $9 and $15 of cash and cash equivalents, nil and $11 of restricted cash, $35 each of accounts and notes receivable (net), $55 and $46 of inventories, $6 and $7 of other current assets, $258 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $55 and $43 of other noncurrent assets, $94 and $109 of accounts payable, $29 and $32 of accrued liabilities, $23 and $21 of current portion of debt, $74 and $86 of longterm debt, and $98 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”