Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v2.4.0.8
INVENTORIES
6 Months Ended
Jun. 29, 2014
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 8. INVENTORIES
 
Inventories are stated at the lower of cost or market.  Inventories included the following:
 
In millions
 
June 29, 2014
 
December 31, 2013
Finished products
 
$
1,694

 
$
1,487

Work-in-process and raw materials
 
1,173

 
1,005

Inventories at FIFO cost
 
2,867

 
2,492

Excess of FIFO over LIFO
 
(122
)
 
(111
)
Total inventories
 
$
2,745

 
$
2,381