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INVENTORIES
 3 Months Ended
Apr. 03, 2015
INVENTORIES
INVENTORIES
Inventories, net, consisted of the following: 
 
First Quarter of
 
Fiscal Year End
As of
2015
 
2014
(Dollars in millions)
 
 
 
Raw materials
$
98.7

 
$
116.8

Work-in-process
5.2

 
4.8

Finished goods
172.1

 
156.5

Total inventories, net
$
276.0

 
$
278.1


Finished goods includes $10.4 million as of the end of the first quarter of fiscal 2015 and $9.4 million as of fiscal year end 2014 for costs that have been deferred in connection with deferred revenue arrangements.