Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Tables)

v3.19.3
INVENTORIES (Tables)
9 Months Ended
Sep. 30, 2019
INVENTORIES  
Schedule of inventory

Inventories are stated at the lower of cost or market, with cost determined using LIFO, first-in first-out and average cost methods for different components of inventory. Inventories consisted of the following (dollars in millions):

​

​

​

​

​

​

​

​

​

​

September 30, 

​

December 31, 

​

    

2019

    

2018

Raw materials and supplies

​

$

191

​

$

191

Work in progress

​

​

58

​

​

51

Finished goods

​

​

745

​

​

798

Total

​

​

994

​

​

1,040

LIFO reserves

​

​

(33)

​

​

(40)

Net inventories

​

$

961

​

$

1,000