v3.26.1
Inventories (Tables)
3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Schedule of Inventory
Inventories consisted of:
($ in millions)March 31, 2026December 31, 2025
Finished goods$734 $751 
Raw materials
13 14 
Work in process800 791 
Supplies74 81 
Total (approximates current cost)$1,621 $1,637 
Increase (Decrease) to last in, first out (“LIFO”) costs
 $1,625 $1,642 
Recognized as:
Inventories$1,373 $1,406 
Other assets252 236 
Inventories valued under the LIFO method
135 114 
Schedule of Inventory, Noncurrent
Inventories consisted of:
($ in millions)March 31, 2026December 31, 2025
Finished goods$734 $751 
Raw materials
13 14 
Work in process800 791 
Supplies74 81 
Total (approximates current cost)$1,621 $1,637 
Increase (Decrease) to last in, first out (“LIFO”) costs
 $1,625 $1,642 
Recognized as:
Inventories$1,373 $1,406 
Other assets252 236 
Inventories valued under the LIFO method
135 114