Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Inventories - Inventories (Details)

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Note 5 - Inventories - Inventories (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Raw materials and supplies $ 332 $ 282
Work in progress 66 52
Finished goods 1,029 909
Total 1,427 1,243
LIFO reserves (45) (42)
Net inventories [1] $ 1,382 $ 1,201
[1] At March 31, 2022 and December 31, 2021, respectively, $9 and $1 of cash and cash equivalents, $9 and $12 of accounts and notes receivable (net), $66 and $64 of inventories, $156 and $161 of property, plant and equipment (net), $25 and $23 of other noncurrent assets, $145 and $146 of accounts payable, $8 and $13 of accrued liabilities, $17 and $10 of current portion of debt, $6 each of current operating lease liabilities, $33 and $35 of long-term debt, $19 and $20 of noncurrent operating lease liabilities and $46 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.”