Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Tables)

v3.4.0.3
INVENTORIES (Tables)
 3 Months Ended
Apr. 03, 2016
Inventory Disclosure [Abstract]  
Inventories
Inventories are stated at the lower of cost or market. Inventories included the following:
 
In millions
 
April 3,
2016
 
December 31,
2015
Finished products
 
$
1,833

 
$
1,796

Work-in-process and raw materials
 
1,033

 
1,022

Inventories at FIFO cost
 
2,866

 
2,818

Excess of FIFO over LIFO
 
(107
)
 
(111
)
Total inventories
 
$
2,759

 
$
2,707