XML 76 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Inventories | 6 Months Ended
--- | ---
Jun. 28, 2014
Inventory Disclosure [Abstract] |
Inventories | Note 4: Inventories Inventories by major classification are as follows:
(Amounts in millions) |  | June 28, 2014 |  |  | December 28, 2013 |
Finished goods |  | $ | 406.0 |  |  | $ | 374.7 |
Work in progress |  |  | 47.8 |  |  |  | 45.0 |
Raw materials |  |  | 86.3 |  |  |  | 87.3 |
Total FIFO value |  |  | 540.1 |  |  |  | 507.0 |
Excess of current cost over LIFO cost |  |  | (72.6 | ) |  |  | (72.6 | )
Total inventories – net |  | $ | 467.5 |  |  | $ | 434.4 |
Inventories accounted for using the first-in, first-out (“FIFO”) method as of June 28, 2014, and December 28, 2013, approximated 61% and 60%, respectively, of total inventories. The company accounts for its non-U.S. inventory on the FIFO method. As of June 28, 2014, approximately 32% of the company’s U.S. inventory was accounted for using the FIFO method and 68% was accounted for using the last-in, first-out (“LIFO”) method. There were no LIFO inventory liquidations in the three and six month periods ended June 28, 2014, or June 29, 2013.

X
- Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.6) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a, b, c -Article 5 + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration