Inventories |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 04, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventories | Inventories Inventories by major classification are as follows:
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.
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