Inventory (Tables) |
9 Months Ended |
|---|---|
Sep. 29, 2022 | |
| Inventory Disclosure [Abstract] | |
| Summary Of Inventories | Work-in-process inventory includes direct labor, direct material, overhead, and purchases on contracts for which revenue is recognized at a point in time as well as sub-assembly parts that have not been issued to production on contracts for which revenue is recognized over time using an input method. For the periods ended September 29, 2022 and December 31, 2021, work-in-process inventory includes $372.0 and $381.2, respectively, of costs incurred in anticipation of specific contracts and no impairments were recorded in the periods.Product inventory, summarized in the table above, is shown net of valuation reserves of $130.8 and $97.3 as of September 29, 2022 and December 31, 2021, respectively. The increase in reserves from the prior period was driven by reserves recorded against inventory as of September 29, 2022 that were impacted by the suspension of activities in Russia noted above. See Note 1 Organization, Basis of Interim Presentation and Recent Developments.Excess capacity and abnormal production costs are excluded from inventory and recognized as expense in the period incurred. Cost of sales for three and nine months ended September 29, 2022 includes period expense of $31.4 and $126.1, respectively, for excess capacity production costs related to temporary B737 MAX, A220 and A320 production schedule changes. Cost of sales also includes abnormal costs related to temporary workforce adjustments as a result of COVID-19 production pause, net of the U.S. employee retention credit and U.K. government subsidies for the three and nine months ended September 29, 2022 of $0.3 and $9.8, respectively. |