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Other Financial Information
 6 Months Ended
Jun. 28, 2014
Balance Sheet Related Disclosures [Abstract]  
Other Financial Information
OTHER FINANCIAL INFORMATION
Inventories
Inventories are valued at last-in, first-out (LIFO) for approximately 54% and 49% of the Company’s inventory as of June 28, 2014 and December 28, 2013, respectively.

The approximate percentage distribution between major classes of inventories was as follows:

 
June 28,
2014
 
December 28,
2013
Raw Material and Work in Process
44
%
 
41
%
Finished Goods and Purchased Parts
56
%
 
59
%

Property, Plant and Equipment
Property, plant, and equipment by major classification was as follows (in millions):
 
 
Useful Life in Years
 
June 28,
2014
 
December 28,
2013
Land and Improvements
 
 
$
72.8

 
$
72.3

Buildings and Improvements
3 - 50
 
246.5

 
231.1

Machinery and Equipment
3 - 15
 
823.3

 
794.5

Property, Plant and Equipment
 
 
1,142.6

 
1,097.9

Less: Accumulated Depreciation
 
 
(562.6
)
 
(524.5
)
Net Property, Plant and Equipment
 
 
$
580.0

 
$
573.4