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                   


                     




                      

NOTE 4 INVENTORIES


Balance at December 31, (in millions)

2014
Raw materials
 
$ 71
Materials and supplies

585
Finished goods

485

1,141
Revaluation to LIFO

(89)

 
$ 1,052
NOTE 5 LONG-TERM DEBT

Balance at December 31, (in millions)

2014
2.50% senior notes due 2016
$ 700
$ 700
4.125% senior notes due 2016
750
750
1.75% senior notes due 2017
1,250
1,250
1.50% senior notes due 2018
500
500
9.25% senior debentures due 2019
116
116
4.10% senior notes due 2021
1,249
1,249
3.125% senior notes due 2022
813
813
2.70% senior notes due 2023
1,191
1,191
8.75% medium-term notes due 2023
22
22
3.50% senior notes due 2025
750
7.2% senior debentures due 2028
82
82
8.45% senior debentures due 2029
116
116
4.625% senior notes due 2045
750
Variable rate bonds due 2030 (0.15% and 0.04% as of December 31, 2015 and 2014, respectively )
68
68
8,357
6,857

Unamortized discount, net
(24)
(19)
Current maturities
(1,450)

$ 6,883
$ 6,838
 




55