Note 6 – Inventories, net
Inventories, net consisted of the following (in millions):
| 2013 | 2012 | |||||||
|
Work-in-process, primarily related to long-term contracts and programs in progress |
$ | 7,073 | $ | 7,000 | ||||
|
Less: customer advances and progress payments |
(4,834 | ) | (4,932) | |||||
| 2,239 | 2,068 | |||||||
|
Other inventories |
738 | 869 | ||||||
|
Total inventories, net |
$ | 2,977 | $ | 2,937 | ||||
Work-in-process inventories at December 31, 2013 and 2012 included general and administrative costs of $630 million and $623 million. General and administrative costs incurred and recorded in inventories totaled $2.4 billion in both 2013 and 2012 and $2.3 billion in 2011, and general and administrative costs charged to cost of sales from inventories totaled $2.4 billion in both 2013 and 2012 and $2.2 billion in 2011.