Note 6 — Inventories
The major components of inventories at December 31 were as follows:
| 2013 | 2012 | |||||||
|
Leaf tobacco |
$ | 1,049 | $ | 919 | ||||
|
Other raw materials |
66 | 51 | ||||||
|
Work in process |
70 | 63 | ||||||
|
Finished products |
130 | 125 | ||||||
|
Other |
18 | 18 | ||||||
|
|
|
|
|
|||||
|
Total |
1,333 | 1,176 | ||||||
|
Less LIFO allowance |
206 | 192 | ||||||
|
|
|
|
|
|||||
| $ | 1,127 | $ | 984 | |||||
|
|
|
|
|
|||||
Inventories valued under the LIFO method were $519 million and $443 million at December 31, 2013 and 2012, respectively, net of the LIFO allowance. The LIFO allowance reflects the excess of the current cost of LIFO inventories at December 31, 2013 and 2012, over the amount at which these inventories were carried on the consolidated balance sheets. RAI recorded expense of $14 million and $7 million from LIFO inventory changes during 2013 and 2012, respectively, and income of $12 million from LIFO inventory changes during 2011.