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Inventories

3 Months Ended

Mar. 31, 2013

4. INVENTORIES

	At
	March 31,		December 31,
(In millions)	2013		2012

Raw materials and work in process	$	9,738	$	9,295
Finished goods		6,462		6,099
Unbilled shipments		467		378
		16,667		15,772
Less revaluation to LIFO		(386)		(398)
Total	$	16,281	$	15,374

- 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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