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Inventories

12 Months Ended

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

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- References

No definition available.

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