v3.26.1
Inventories
3 Months Ended
Apr. 04, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories by major classification are as follows:
(Amounts in millions)April 4,
2026
January 3, 2026
Finished goods$898.3 $902.7 
Work in progress78.0 75.5 
Raw materials171.9 173.7 
Total FIFO value1,148.2 1,151.9 
Excess of current cost over LIFO cost(127.7)(126.7)
Total inventories – net$1,020.5 $1,025.2 

Inventories accounted for using the first-in, first-out (“FIFO”) method approximated 61% and 62% of total inventories as of April 4, 2026, and January 3, 2026, respectively. The company accounts for its non-U.S. inventory on the FIFO method. As of April 4, 2026, approximately 39% of the company’s U.S. inventory was accounted for using the FIFO method and 61% was accounted for using the last-in, first-out (“LIFO”) method. There were no LIFO inventory liquidations in the three month periods ended April 4, 2026, and March 29, 2025.