
(Amounts in millions)	October 3, 2026		January 3, 2026
Finished goods	$	963.1	$	902.7
Work in progress	82.0		75.5
Raw materials	168.3		173.7
Total FIFO value	1,213.4		1,151.9
Excess of current cost over LIFO cost	(133.8)		(126.7)
Total inventories – net	$	1,079.6	$	1,025.2

Inventories accounted for using the first-in, first-out (“FIFO”) method approximated 60% and 62% of total inventories for the periods ended October 3, 2026, and January 3, 2026, respectively. The company accounts for its non-U.S. inventory on the FIFO method. As of October 3, 2026, approximately 39% of the company’s U.S. inventory was accounted for using the FIFO method and 61% was accounted for using the last-in, first-out (“LIFO”) method. There were no LIFO inventory liquidations in the three and nine month periods ended October 3, 2026, and September 27, 2025.