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Inventories

12 Months Ended

Jun. 30, 2014

Note 4—Inventories

At June 30, 2014 and 2013, inventories consisted of the following:


	June 30,
	2014		2013
Finished goods	$	273,756	$	234,770
Work in process		93,586		92,640
Raw materials		294,786		222,421

Inventories	$	662,128	$	549,831

At June 30, 2014 and 2013 our inventory reserves were $87.7 million and $65.5 million, respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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