Inventories

9 Months Ended

Mar. 30, 2012

Inventories [Abstract]

Inventories

Note F—Inventories

Inventories are summarized below:

	March 30,		July 1,
	2012		2011
	(In millions)
Unbilled costs and accrued earnings on fixed-price contracts	$	394.8	$	381.0
Finished products		111.2		137.2
Work in process		80.2		60.1
Raw materials and supplies		156.8		142.5
	$	743.0	$	720.8

Unbilled costs and accrued earnings on fixed-price contracts were net of progress payments of $122.4million at March 30, 2012 and $85.1 million at July 1, 2011.