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INVENTORIES, NET

3 Months Ended

Mar. 28, 2020

Inventory Disclosure [Abstract]

INVENTORIES, NET

INVENTORIES, NET

Inventories at March 28, 2020 and December 31, 2019 comprised the following:

			March 28, 2020						December 31, 2019
Finished goods			$	66.4					$	57.6
Work in process			23.8						19.3
Raw materials and purchased parts			97.7						90.3
Total FIFO cost			187.9						167.2
Excess of FIFO cost over LIFO inventory value			(12.8)						(12.3)
Total inventories, net			$	175.1					$	154.9

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 41% and 36% of total inventory at March 28, 2020 and December 31, 2019, 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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