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INVENTORIES, NET
 9 Months Ended
Sep. 25, 2016
INVENTORIES, NET

NOTE 6 – INVENTORIES, NET

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

 

     

September 25,

2016

     

December 31,

2015

  

Work-in-process, primarily related to long-term contracts and programs in progress

    $ 8,668              $ 8,081         

Less: customer advances and progress payments

      (5,284)               (5,032)        
     3,384                3,049         

Other inventories

      1,468                1,770         

  Total inventories, net

    $ 4,852              $ 4,819