Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
9 Months Ended
Sep. 27, 2020
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 8. INVENTORIES
Inventories are stated at the lower of cost or market. Inventories included the following: 
In millions September 27,
2020
December 31,
2019
Finished products $ 2,182  $ 2,214 
Work-in-process and raw materials 1,416  1,395 
Inventories at FIFO cost 3,598  3,609 
Excess of FIFO over LIFO (128) (123)
Total inventories $ 3,470  $ 3,486