Inventories

6 Months Ended

Jul. 04, 2021

Inventory Disclosure [Abstract]

Inventories

INVENTORIESThe majority of our inventories are for business jet aircraft. Our inventories are stated at the lower of cost or net realizable value. Work in process represents largely labor, material and overhead costs associated with aircraft in the manufacturing process and is based primarily on the estimated average unit cost in a production lot. Raw materials are valued primarily on the first-in, first-out method. We record pre-owned aircraft acquired in connection with the sale of new aircraft at the lower of the trade-in value or the estimated net realizable value.

Inventories consisted of the following:

	July 4, 2021		December 31, 2020
Work in process	$	3,986	$	3,990
Raw materials	1,587		1,712
Finished goods	28		30
Pre-owned aircraft	202		13
Total inventories	$	5,803	$	5,745