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Inventories

12 Months Ended

Dec. 30, 2012

Inventories

At the end of 2012 and 2011, inventories were comprised of:



(Dollars in Millions)	2012		2011
Raw materials and supplies	$	1,416	1,206
Goods in process	2,262		1,637
Finished goods	3,817		3,442
Total inventories	$	7,495	6,285

As of December 30, 2012, the remaining inventory step-up related to the Synthes, Inc. acquisition is approximately $150 million.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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