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Annual report pursuant to Section 13 and 15(d)

Note 5 - Inventories

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Note 5 - Inventories
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]

5. INVENTORIES

Inventories consisted of the following (dollars in millions):

December 31,

2024

2023

Raw materials and supplies

$ 193 $ 191

Work in progress

39 39

Finished goods

727 673

Total

959 903

LIFO reserves

(42 ) (36 )

Net inventories

$ 917 $ 867

As of听 December 31, 2024 and 2023, approximately 9% and 8%, respectively, of inventories were recorded using the LIFO cost method.