v3.26.1
Inventories
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of:
($ in millions)June 30, 2026December 31, 2025
Finished goods$2,186 $2,275 
Raw materials and work in process11,194 10,645 
Supplies309 331 
Total13,689 13,251 
Decrease to LIFO cost(1,101)(912)
$12,588 $12,339 
Recognized as:
Inventories$6,207 $6,658 
Other Assets6,381 5,681 
Amounts recognized as Other Assets are comprised almost entirely of raw materials and work in process inventories. At June 30, 2026 and December 31, 2025, these amounts included $5.9 billion and $5.5 billion, respectively, of inventories not expected to be sold within one year. In addition, these amounts included $490 million and $211 million at June 30, 2026 and December 31, 2025, respectively, of inventories produced in preparation for product launches.