Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.21.1
INVENTORIES
3 Months Ended
Apr. 04, 2021
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 6. INVENTORIES
Inventories are stated at the lower of cost or net realizable value. Inventories included the following: 
In millions April 4,
2021
December 31,
2020
Finished products $ 2,320  $ 2,216 
Work-in-process and raw materials 1,585  1,346 
Inventories at FIFO cost 3,905  3,562 
Excess of FIFO over LIFO (152) (137)
Total inventories $ 3,753  $ 3,425