Inventories

9 Months Ended

Sep. 28, 2019

Notes To Financial Statements [Abstract]

Inventories

INVENTORIES

The components of Inventories, net at September 28, 2019 and December 29, 2018 are as follows:

(Millions of Dollars)	September 28, 2019		December 29, 2018
Finished products	$	1,990.2	$	1,707.4
Work in process	165.4		150.8
Raw materials	587.9		515.3
Total	$	2,743.5	$	2,373.5

As part of the IES Attachments acquisition in the first quarter of 2019, the Company acquired net inventory with an estimated fair value of $74.5 million. Refer to Note F, Acquisitions and Investments, for further discussion of the IES Attachments acquisition.