Assume the Coca Cola Company Reports the following footnote in its 10-k

December 31 (in Millions) 2016 2015

Raw Materials and work in Progress $5,527 $5,042

Finished Goods $5,152. $4,806

Unbilled shipments $333 $402

Inventories $11,012 $12,250

LIFO Reserve $(997) $(961)

FIFO Inventory $12,009 $11,211

The Company reports its inventories using the LIFO inventory costing method.

Assume Coca Cola (ticker KO) has a 35% income tax rate. For 2016, how much did KO save in taxes by choosing LIFO over FIFO method for costing inventory? (round to the nearest million)