INVENTORIES, NET

6 Months Ended

Jun. 28, 2015

INVENTORIES, NET

NOTE 5 – INVENTORIES, NET

Inventories, net consisted of the following (in millions):

	June 28,        2015				December 31,        2014
Work-in-process, primarily related to long-term contracts and programs in progress		$	7,195			$	6,728
Less: customer advances and progress payments			(4,830	)			(4,701	)
			2,365				2,027
Other inventories			667				855
Total inventories, net		$	3,032			$	2,882