INVENTORIES, NET

9 Months Ended

Sep. 26, 2015

Inventories at September 26, 2015 and December 31, 2014 comprised the following:



	September 26, 2015			December 31, 2014
Finished goods	$	59.2		$	40.0
Work in process	78.9			59.5
Raw materials and purchased parts	86.6			80.0
Total FIFO cost	224.7			179.5
Excess of FIFO cost over LIFO inventory value	(13.1		)	(12.1		)
Total inventories, net	$	211.6		$	167.4

Inventories include material, labor and factory overhead costs and are reduced, when necessary, to estimated net realizable values. Certain domestic inventories are valued using the last-in, first-out (“LIFO”) method. These inventories were approximately 45% and 42% of total inventory at September 26, 2015 and December 31, 2014, respectively. Other inventories are valued using the first-in, first-out (“FIFO”) method.