On December 31 (fiscal year-end) financial statements of Collette, Inc. reported the following information (in millions) Inventories (net) LIFO reserve Net Income 2022 468,611 3,476 13,918 Assume corporate tax rate of 40%. 2021 437,396 3,271 13,622 Question: What is the cumulative amount of income tax savings that Collette generated through the end of 2022 by using LIFO instead of FIFO? If the answer is $1 Billion please type 1000. No commas, no $ signs. No need for add the extra zeros, i.e. ,000,000. Do not spell out the "Million." Round to nearest integer.

On December 31 (fiscal year-end) financial statements of Collette, Inc. reported the following information (in millions) Inventories (net) LIFO reserve Net Income 2022 468,611 3,476 13,918 Assume corporate tax rate of 40%. 2021 437,396 3,271 13,622 Question: What is the cumulative amount of income tax savings that Collette generated through the end of 2022 by using LIFO instead of FIFO? If the answer is $1 Billion please type 1000. No commas, no $ signs. No need for add the extra zeros, i.e. ,000,000. Do not spell out the "Million." Round to nearest integer.