Inventories

Inventories by major classification are as follows:



(Amounts in millions)	March 30, 2019			December 29, 2018
Finished goods	$	604.3		$	577.0
Work in progress	55.0			51.7
Raw materials	127.6			123.5
Total FIFO value	786.9			752.2
Excess of current cost over LIFO cost	(79.9		)	(78.4		)
Total inventories – net	$	707.0		$	673.8

Inventories accounted for using the first-in, first-out (“FIFO”) method approximated 59% and 61% of total inventories as of March 30, 2019, and December 29, 2018, respectively. The company accounts for its non-U.S. inventory on the FIFO method. As of March 30, 2019, approximately 33% of the company’s U.S. inventory was accounted for using the FIFO method and 67% was accounted for using the last-in, first-out (“LIFO”) method. There were no LIFO inventory liquidations in the three months ended March 30, 2019, or March 31, 2018.