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Inventories

6 Months Ended

Jul. 01, 2012



(Dollars in Millions)	July 1, 2012		January 1, 2012
Raw materials and supplies	$	1,300	1,206
Goods in process	1,934		1,637
Finished goods	4,463		3,442
Total inventories	$	7,697	6,285

Inventories increased by approximately $0.9 billion related to the Synthes acquisition. See Note 10 to the Consolidated Financial Statements.

- 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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