INVENTORIES

9 Months Ended

Sep. 27, 2020

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 8. INVENTORIES

Inventories are stated at the lower of cost or market. Inventories included the following: 

In millions	September 27, 2020		December 31, 2019
Finished products	$	2,182	$	2,214
Work-in-process and raw materials	1,416		1,395
Inventories at FIFO cost	3,598		3,609
Excess of FIFO over LIFO	(128)		(123)
Total inventories	$	3,470	$	3,486