Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Inventories    
Raw materials and supplies $ 222 $ 215
Work in progress 55 51
Finished goods 868 927
Total 1,145 1,193
LIFO reserves (51) (59)
Net inventories [1] $ 1,094 $ 1,134
Percentage of inventories recorded using the LIFO cost method 13.00% 13.00%
[1] At June 30, 2019 and December 31, 2018, respectively, $19 and $7 of cash and cash equivalents, $29 and $30 of accounts and notes receivable (net), $38 and $49 of inventories, $5 each of other current assets, $263 and $265 of property, plant and equipment (net), $10 each of intangible assets (net), $44 and $52 of other noncurrent assets, $97 and $123 of accounts payable, $25 and $30 of accrued liabilities, $36 and $25 of current portion of debt, $5 and nil of current operating lease liabilities, $45 and $61 of long-term debt, $14 and nil of noncurrent operating lease liabilities and $95 and $97 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”