Inventories

12 Months Ended

Dec. 28, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories are composed of the following:

(In millions)	December 28, 2024		December 30, 2023
Finished goods	$	1,138	$	1,072
Work in process	1,769		1,736
Raw materials and components	1,164		1,106
Total	$	4,071	$	3,914

At December 28, 2024, 69% of inventories were valued using the LIFO method, compared with 68% at December 30, 2023. Inventories valued at LIFO cost would have been higher by approximately $877 million and $701 million, at December 28, 2024 and December 30, 2023, respectively, if they had been valued using the FIFO method.