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INVENTORIES, NET

6 Months Ended

Jun. 29, 2019

Inventory Disclosure [Abstract]

INVENTORIES, NET

INVENTORIES, NET

Inventories at June 29, 2019 and December 31, 2018 comprised the following:

	June 29, 2019				December 31, 2018
Finished goods	$	65.6			$	49.8
Work in process	18.3				16.2
Raw materials and purchased parts	84.6				74.9
Total FIFO cost	168.5				140.9
Excess of FIFO cost over LIFO inventory value	(13.0		)		(12.1		)
Total inventories, net	$	155.5			$	128.8

Inventories include material, labor and factory overhead costs and are reduced, when necessary, to estimated net realizable values. Certain inventories are valued using the last-in, first-out (“LIFO”) method. These inventories were approximately 47% and 45% of total inventory at June 29, 2019 and December 31, 2018, respectively. Other inventories are valued using the first-in, first-out (“FIFO”) method.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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