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
Jun. 30, 2024
Dec. 31, 2023
Raw materials and supplies $ 211 $ 191
Work in progress 38 39
Finished goods 712 673
Total 961 903
LIFO reserves (38) (36)
Net inventories [1] $ 923 $ 867
[1] At June 30, 2024 and December 31, 2023, respectively, $11 and $2 of cash and cash equivalents, $20 and $16 of accounts and notes receivable (net), $58 and $48 of inventories, $151 and $150 of property, plant and equipment (net), $32 each of other noncurrent assets, $103 and $84 of accounts payable, $18 and $20 of accrued liabilities, $9 each of current portion of debt, $6 and $8 of current operating lease liabilities, $12 and $17 of long-term debt, $18 and $21 of noncurrent operating lease liabilities and $16 and $15 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.” These assets can only be used to settle obligations of the variable interest entities, and creditors of these liabilities do not have recourse to our general credit.