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Annual report pursuant to Section 13 and 15(d)

Note 5 - Inventories - Inventories (Details)

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Note 5 - Inventories - Inventories (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 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 [1] $ 917 $ 867
[1] At December 31, 2024 and December 31, 2023, respectively, $6 and $2 of cash and cash equivalents, $19 and $16 of accounts and notes receivable (net), $57 and $48 of inventories, $124 and $150 of property, plant and equipment (net), $37 and $32 of other noncurrent assets, $111 and $84 of accounts payable, $21 and $20 of accrued liabilities, $9 each of current portion of debt, $6 and $8 of current operating lease liabilities, $7 and $17 of long-term debt, $15 and $21 of noncurrent operating lease and $16 and $15 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheets captions above. See 鈥淣ote 8. Variable Interest Entities.鈥� 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.