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Inventories

6 Months Ended

Jun. 28, 2025

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories by major classification are as follows:

(Amounts in millions)			June 28, 2025						December 28, 2024
Finished goods			$	878.4					$	840.1
Work in progress			76.8						72.5
Raw materials			167.7						153.2
Total FIFO value			1,122.9						1,065.8
Excess of current cost over LIFO cost			(125.2)						(122.4)
Total inventories – net			$	997.7					$	943.4

Inventories accounted for using the first-in, first-out (“FIFO”) method approximated 62% and 57% of total inventories as of June 28, 2025, and December 28, 2024, respectively. The company accounts for its non-U.S. inventory on the FIFO method. As of June 28, 2025, approximately 40% of the company’s U.S. inventory was accounted for using the FIFO method and 60% 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, 2025, and June 29, 2024.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

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