Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.20.2
INVENTORIES
 6 Months Ended
Jun. 28, 2020
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 8. INVENTORIES
Inventories are stated at the lower of cost or market. Inventories included the following: 
In millions June 28,
2020		 December 31,
2019
Finished products $ 2,268    $ 2,214   
Work-in-process and raw materials 1,519    1,395   
Inventories at FIFO cost 3,787    3,609   
Excess of FIFO over LIFO (132)   (123)  
Total inventories $ 3,655    $ 3,486