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Inventories | 12 Months Ended
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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.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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