Notes to Financial Statements

NOTE 7 — INVENTORIES

The components of inventories were as follows:

 

(In millions)  


June 30,    2016     2015  

Raw materials

   $ 612      $ 1,100   

Work in process

     158        202   

Finished goods

     1,481        1,600   


 


Total

   $   2,251      $   2,902