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Inventories | 12 Months Ended
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Dec. 27, 2024
Inventory, Net [Abstract] |
Inventories | Inventories Major components of inventories were as follows (in thousands):
| 2024 |  | 2023
Finished products and components | $ | 197,242 |  |  | $ | 221,847 |
Products and components in various stages of completion | 114,647 |  |  | 131,906 |
Raw materials and purchased components | 214,902 |  |  | 202,294 |
Subtotal | 526,791 |  |  | 556,047 |
Reduction to LIFO cost | (122,115) |  |  | (117,698) |
Total | $ | 404,676 |  |  | $ | 438,349 |
Inventories valued under the LIFO method were $179 million in 2024 and $211 million in 2023. Most other inventory was valued on the FIFO method. In 2024, certain inventory quantities were reduced, resulting in liquidation of LIFO inventory quantities, although increases in current product costs offset the impact of the decrement. The impact on net earnings was not significant.

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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 + Details
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