Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.24.3
Inventories
9 Months Ended
Sep. 28, 2024
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories are stated at the lower of cost or net realizable value. Cost is determined using actual costs or standard costs (that approximate actual cost) determined on a first-in, first-out basis or average cost. Labor and overhead costs associated with inventory produced by the Company are capitalized into inventories. The major components of inventories as of September 28, 2024 and December 30, 2023 are as follows:
(dollar amounts in millions) September 28, 2024 December 30, 2023
Raw materials
$ 40.0  $ 31.0 
Work-in-process 0.5  1.4 
Finished goods
14.0  16.0 
Inventories
$ 54.5  $ 48.4