Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.7.0.1
INVENTORIES
 3 Months Ended
Apr. 02, 2017
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 6. INVENTORIES
Inventories are stated at the lower of cost or market. Inventories included the following:
 
In millions
 
April 2,
2017
 
December 31,
2016
Finished products
 
$
1,867

 
$
1,779

Work-in-process and raw materials
 
1,145

 
1,005

Inventories at FIFO cost
 
3,012

 
2,784

Excess of FIFO over LIFO
 
(118
)
 
(109
)
Total inventories
 
$
2,894

 
$
2,675