INVENTORIES, NET

6 Months Ended

Jun. 27, 2020

Inventory Disclosure [Abstract]

INVENTORIES, NET

INVENTORIES, NET

Inventories at June 27, 2020 and December 31, 2019 comprised the following:

	June 27, 2020		December 31, 2019
Finished goods	$	67.4	$	57.6
Work in process	22.1		19.3
Raw materials and purchased parts	105.4		90.3
Total FIFO cost	194.9		167.2
Excess of FIFO cost over LIFO inventory value	(13.3)		(12.3)
Total inventories, net	$	181.6	$	154.9

Inventories include material, labor and factory overhead costs and are reduced, when necessary, to estimated net realizable values. Certain inventories are valued using the last-in, first-out (“LIFO”) method. These inventories were approximately 42% and 36% of total inventory at June 27, 2020 and December 31, 2019, respectively. Other inventories are valued using the first-in, first-out (“FIFO”) method.