Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Tables)

v3.7.0.1
INVENTORIES (Tables)
 6 Months Ended
Jul. 02, 2017
Inventory Disclosure [Abstract]  
Inventories
Inventories are stated at the lower of cost or market. Inventories included the following:
 
In millions
 
July 2,
2017
 
December 31,
2016
Finished products
 
$
1,905

 
$
1,779

Work-in-process and raw materials
 
1,192

 
1,005

Inventories at FIFO cost
 
3,097

 
2,784

Excess of FIFO over LIFO
 
(115
)
 
(109
)
Total inventories
 
$
2,982

 
$
2,675