Dr Pepper Snapple Group, Inc. | 2013 | FY | 3

Inventories as of December 31, 2013 and 2012 consisted of the following (in millions):
 
December 31,
 
December 31,
 
2013
 
2012
Raw materials
$
86

 
$
114

Spare parts
22

 
20

Work in process
4

 
5

Finished goods
122

 
131

Inventories at first in first out cost
234

 
270

Reduction to last in first out cost
(34
)
 
(73
)
Inventories
$
200

 
$
197

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