v3.24.1.u1
Supplemental Balance Sheet Data
 3 Months Ended
Mar. 31, 2024
Statement of Financial Position [Abstract]  
Additional Financial Information Disclosure Supplemental Balance Sheet Data
The following schedule presents a summary of inventories by major class:
March 31, 2024December 31, 2023
LIFONon-LIFOTotalLIFONon-LIFOTotal
Raw materials$117 $253 $370 $121 $292 $413 
Work in process123 84 207 116 95 211 
Finished goods552 645 1,197 520 692 1,212 
Supplies and other— 310 310 — 311 311 
792 1,292 2,084 757 1,390 2,147 
Excess of FIFO or weighted-average cost over LIFO cost(207)— (207)(192)— (192)
Total$585 $1,292 $1,877 $565 $1,390 $1,955 
Inventories are valued at the lower of cost or net realizable value, determined on the FIFO or weighted-average cost methods, and at the lower of cost or market, determined on the LIFO cost method.
The following schedule presents a summary of property, plant and equipment, net:
March 31, 2024December 31, 2023
Land$167 $149 
Buildings3,052 3,067 
Machinery and equipment15,064 15,132 
Construction in progress781 803 
19,064 19,151 
Less accumulated depreciation(11,292)(11,238)
Total$7,772 $7,913