Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
9 Months Ended
Sep. 27, 2015
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,
2015
 
December 31,
2014
Finished products
 
$
2,001

 
$
1,859

Work-in-process and raw materials
 
1,168

 
1,129

Inventories at FIFO cost
 
3,169

 
2,988

Excess of FIFO over LIFO
 
(110
)
 
(122
)
Total inventories
 
$
3,059

 
$
2,866