INVENTORIES

3 Months Ended

Mar. 28, 2020

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

The components of Inventories, net at March 28, 2020 and December 28, 2019 are as follows:

(Millions of Dollars)	March 28, 2020		December 28, 2019
Finished products	$	1,704.6	$	1,526.0
Work in process	202.4		162.0
Raw materials	625.4		567.0
Total	$	2,532.4	$	2,255.0

As part of the CAM acquisition in the first quarter of 2020, the Company acquired net inventory with an estimated fair value of $127.5 million. Refer to Note F, Acquisitions and Investments, for further discussion of the CAM acquisition.