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Inventories
 9 Months Ended
Oct. 01, 2016
Inventories  
Inventories

 

 

Note 7.  Inventories

 

Inventories are composed of the following:

 

(In millions)

 

 

 

 

 

October 1,
2016

 

January 2,
2016

Finished goods

 

 

 

 

$
2,076

$
1,735

Work in process

 

 

 

 

 
2,958

 
2,921

Raw materials and components

 

 

 

 

 
701

 
605

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
5,735

 
5,261

Progress/milestone payments

 

 

 

 

 
(944)

 
(1,117)

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

$
4,791

$
4,144