v3.26.1
INVENTORIES
6 Months Ended
Jun. 27, 2026
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories consisted of the following as of:

(in millions)
June 27, 2026December 31, 2025
Raw materials and work in process, net$795 $748 
Finished goods, net3,870 4,021 
Inventories, net $4,665 $4,769 

If last-in, first-out inventories had been valued on a current cost or first-in, first-out basis, they would have been greater by $391 million and $359 million as of June 27, 2026 and December 31, 2025, respectively. The inventory reserve for obsolescence was $56 million and $44 million as of June 27, 2026 and December 31, 2025, respectively.