Inventories

9 Months Ended

Sep. 27, 2025

Inventory Disclosure [Abstract]

Inventories

Inventories

The Corporation’s residential building products inventories, and a majority of its workplace furnishings inventories, are valued at cost, on the "last-in, first-out" (LIFO) basis. Remaining inventories are generally valued at the lower of cost, on the "first-in, first-out" (FIFO) basis, or net realizable value. Inventories included in the Condensed Consolidated Balance Sheets consisted of the following:

	September 27, 2025			December 28, 2024
Finished products, net	$	117.3		$	122.4
Materials and work in process, net	128.7			119.5
LIFO allowance	(51.5)			(47.5)
Total inventories, net	$	194.5		$	194.3
Inventory valued by the LIFO costing method	96		%	91		%

In addition to the LIFO allowance, the Corporation recorded inventory allowances reducing finished products, materials, and work in process of $11.2 million and $12.1 million as of September 27, 2025 and December 28, 2024, respectively, to adjust for excess and obsolete inventory or otherwise reduce FIFO-basis inventory to net realizable value.