Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
9 Months Ended
Oct. 03, 2021
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 7. INVENTORIES
Inventories are stated at the lower of cost or net realizable value. Inventories included the following:
 
In millions October 3,
2021
December 31,
2020
Finished products $ 2,494  $ 2,216 
Work-in-process and raw materials 1,998  1,346 
Inventories at FIFO cost 4,492  3,562 
Excess of FIFO over LIFO (170) (137)
Total inventories $ 4,322  $ 3,425