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Other Financial Information
3 Months Ended
Mar. 30, 2013
Balance Sheet Related Disclosures [Abstract]  
Other Financial Information
OTHER FINANCIAL INFORMATION
Inventories
Inventories are valued at first-in, first-out (FIFO) for approximately 47% and 31% of the Company’s inventory is determined using the last-in, first-out (LIFO) inventory valuation method as of March 30, 2013 and December 29, 2012, respectively. The approximate percentage distribution between major classes of inventories was as follows:
 
March 30,
2013
 
December 29,
2012
Raw Material and Work in Process
44
%
 
43
%
Finished Goods and Purchased Parts
56
%
 
57
%

Investments

Investments are comprised of term deposits which have original maturities of greater than three months and remaining maturities of less than one year. Investments with maturities greater than one year may be classified as short-term based on their highly liquid nature and their availability to fund future investing activities. The fair value of term deposits approximates their carrying value. These investments are included in Prepaid Expenses and Other Current Assets on the Company's Condensed Consolidated Balance Sheets.
Property, Plant and Equipment
Property, plant, and equipment by major classification was as follows (in millions):
 
 
March 30,
2013
 
December 29,
2012
Land and Improvements
$
76.6

 
$
76.2

Buildings and Improvements
217.2

 
212.7

Machinery and Equipment
763.9

 
747.5

Property, Plant and Equipment
1,057.7

 
1,036.4

Less: Accumulated Depreciation
(479.9
)
 
(463.3
)
Net Property, Plant and Equipment
$
577.8

 
$
573.1