The following information comes from the 2024 Ocean Petroleum Corporation annual report to shareholders:

NOTE 4 INVENTORIES

Net carrying values of inventories valued under the LIFO method were approximately $187 million and $207 million on December 31, 2024 and 2023, respectively. Inventories consisted of the following: ($ in millions)

	2024	2023
Raw materials	$ 81	$ 80
Materials and supplies	462	461
Finished goods	791	410
	1,334	951
LIFO reserve	(58)	(52)
Total	$ 1,276	$ 899

The LIFO reserve indicates that inventories would have been $58 million and $52 million higher at the end of 2024 and 2023, respectively, if Ocean Petroleum had used FIFO to value its entire inventory.

Required:

If Ocean Petroleum had used FIFO to value its entire inventory how would its 2024 pre-tax income be affected?

\begin{tabular}{|l|l|l|} \hline Pre-tax income would have been & million \\ \hline \end{tabular}