Annual report [Section 13 and 15(d), not S-K Item 405]

Note 5 - Inventories

v3.25.4
Note 5 - Inventories
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Inventory Disclosure [Text Block]

5. INVENTORIES

 

Inventories consisted of the following (dollars in millions):

 

   

December 31,

 
   

2025

   

2024

 

Raw materials and supplies

  $ 163     $ 193  

Work in progress

    39       39  

Finished goods

    658       727  

Total

    860       959  

LIFO reserves

    (42 )     (42 )

Net inventories

  $ 818     $ 917  

 

For both  December 31, 2025 and 2024, approximately 9% of inventories were recorded using the LIFO cost method.