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Other Financial Information
 6 Months Ended
Jul. 02, 2016
Balance Sheet Related Disclosures [Abstract]  
Other Financial Information
OTHER FINANCIAL INFORMATION
Inventories
The approximate percentage distribution between major classes of inventories was as follows:
 
July 2,
2016
 
January 2,
2016
Raw Material and Work in Process
46%
 
45%
Finished Goods and Purchased Parts
54%
 
55%


Inventories are stated at cost, which is not in excess of market. Cost for approximately 55% of the Company's inventory at July 2, 2016, and 42% at January 2, 2016 was determined using the LIFO method.
Property, Plant and Equipment
Property, plant, and equipment by major classification was as follows (dollars in millions):
 
Useful Life in Years
 
July 2,
2016
 
January 2,
2016
Land and Improvements
 
 
$
80.3

 
$
80.7

Buildings and Improvements
3 - 50
 
274.4

 
276.9

Machinery and Equipment
3 - 15
 
935.0

 
926.7

Property, Plant and Equipment
 
 
1,289.7

 
1,284.3

Less: Accumulated Depreciation
 
 
(635.4
)
 
(605.8
)
Net Property, Plant and Equipment
 
 
$
654.3

 
$
678.5