Inventories |
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| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventories | Inventories Inventories at December 31 consisted of:
Inventories valued under the LIFO method comprised approximately $4.3 billion and $3.4 billion at December 31, 2025 and 2024, respectively, after reflecting the decrease to LIFO cost. Amounts recognized as Other Assets are comprised almost entirely of raw materials and work in process inventories. At December 31, 2025 and 2024, these amounts included $5.5 billion and $3.8 billion, respectively, of inventories not expected to be sold within one year. In addition, these amounts included $211 million and $412 million at December 31, 2025 and 2024, respectively, of inventories produced in preparation for product launches.
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