Inventory (Tables)

9 Months Ended

Sep. 28, 2017

nventories are summarized as follows:



	September 28, 2017			December 31, 2016
Raw materials	$	314.6		$	281.9
Work-in-process	760.4			790.7
Finished goods	34.1			30.9
Product inventory	1,109.1			1,103.5
Capitalized pre-production⁽¹⁾	85.4			103.5
Deferred production⁽²⁾	657.6			717.4
Forward loss provision⁽³⁾	(488.9		)	(409.1		)
Total inventory, net	$	1,363.2		$	1,515.3

For contract blocks that have not closed, the following non-product inventory amounts were included in the inventory table above:


(1)	For the period ended September 28, 2017, includes $73.6 and $7.9 on the A350 XWB and Rolls-Royce BR725 programs, respectively. For the period ended December 31, 2016, includes $83.7 and $15.2 on the A350 XWB and Rolls-Royce BR725 programs, respectively.


(2)	For the period ended September 28, 2017, includes $629.1 and $126.3 on the A350 XWB and Rolls-Royce BR725 programs, respectively. For the period ended December 31, 2016, includes $657.2 and $114.6 on the A350 XWB and Rolls-Royce BR725 programs, respectively.

(3)

For the period ended September 28, 2017, includes ($263.1), ($139.4), and ($76.9) on the A350 XWB, Rolls-Royce BR725, and B787 programs, respectively. For the period ended December 31, 2016, includes ($255.8) and ($140.8) on the A350 XWB and Rolls-Royce BR725 programs, respectively. The forward loss charge recorded on the B787 program in the second quarter of 2017 exceeded the program's inventory balance. The excess of the charge over the program's inventory was classified as a contract liability and reported in other current liabilities on the balance sheet in the amount of $275.9 as of September 28, 2017. Includes a $2.1 reclassification between Work-in-process and Forward loss provision as of December 31, 2016.

Block and Orders

Significant amortization of capitalized pre-production and deferred production inventory has occurred over the following contract block deliveries and will continue to occur over the following contract blocks:

Current Block Deliveries

Contract Block
Quantity

Rolls-Royce BR725