Annual report pursuant to Section 13 and 15(d)

Note 5 - Inventories - Inventories (Details)

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Note 5 - Inventories - Inventories (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Raw materials and supplies $ 282 $ 180
Work in progress 52 44
Finished goods 909 651
Total 1,243 875
LIFO reserves (42) (27)
Net inventories [1] $ 1,201 $ 848
[1] At December 31, 2021 and December 31, 2020, respectively, $1 and $2 of cash and cash equivalents, $12 and $6 of accounts and notes receivable (net), $64 and $38 of inventories, $161 and $167 of property, plant and equipment (net), $23 each of other noncurrent assets, $146 and $119 of accounts payable, $13 each of accrued liabilities, $10 and $47 of current portion of debt, $6 and $5 of current operating lease liabilities, $35 and $3 of long-term debt, $20 and $17 of noncurrent operating lease and $46 and $82 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheets captions above. See “Note 8. Variable Interest Entities.”