Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Inventories    
Raw materials and supplies $ 221 $ 215
Work in progress 58 51
Finished goods 1,001 927
Total 1,280 1,193
LIFO reserves (52) (59)
Net inventories [1] $ 1,228 $ 1,134
Percentage of inventories recorded using the LIFO cost method 14.00% 13.00%
[1] At March 31, 2019 and December 31, 2018, respectively, $23 and $7 of cash and cash equivalents, $29 and $30 of accounts and notes receivable (net), $60 and $49 of inventories, $5 each of other current assets, $266 and $265 of property, plant and equipment (net), $10 each of intangible assets (net), $51 and $52 of other noncurrent assets, $113 and $123 of accounts payable, $25 and $30 of accrued liabilities, $27 and $25 of current portion of debt, $5 and nil of current operating lease liabilities, $58 and $61 of longterm debt, $15 and nil of noncurrent operating lease liabilities and $97 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.”