Note 8 Inventories, net

“Inventories, net” consisted of the following:

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December 31, ($ in millions)

2013

2012

Raw materials

2,403

2,427

Work in process

1,893

2,075

Finished goods

1,834

1,741

Advances to suppliers

246

246

 

6,376

6,489

Advance payments consumed

(372)

(307)

Total

6,004

6,182

“Work in process” in the table above contains inventoried costs relating to long-term contracts of $358 million and $363 million at December 31, 2013 and 2012, respectively. “Advance payments consumed” in the table above relates to contractual advances received from customers on work in process.