Annual report pursuant to Section 13 and 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Inventories    
Raw materials and supplies $ 215 $ 189
Work in progress 51 48
Finished goods 927 897
Total 1,193 1,134
LIFO reserves (59) (61)
Net inventories [1] $ 1,134 $ 1,073
Percentage of inventories recorded using the LIFO cost method 13.00% 12.00%
[1] At December 31, 2018 and December 31, 2017, respectively, $7 and $15 of cash and cash equivalents, nil and $11 of restricted cash, 30 and $35 of accounts and notes receivable (net), $49 and $46 of inventories, $5 and $7 of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $52 and $43 of other noncurrent assets, $123 and $109 of accounts payable, $30 and $32 of accrued liabilities, $25 and $21 of current portion of debt, $61 and $86 of longterm debt, and $97 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”