Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
 6 Months Ended
Jul. 01, 2018
Inventory Disclosure [Abstract]  
INVENTORIES NOTE 8. INVENTORIES
Inventories are stated at the lower of cost or market. Inventories included the following:
 
In millions
 
July 1,
2018
 
December 31,
2017
Finished products
 
$
2,329

 
$
2,078

Work-in-process and raw materials
 
1,355

 
1,216

Inventories at FIFO cost
 
3,684

 
3,294

Excess of FIFO over LIFO
 
(125
)
 
(128
)
Total inventories
 
$
3,559

 
$
3,166