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Inventories

6 Months Ended

Jun. 29, 2014

Note 7. Inventories

The following is a summary of inventories by major category:

	June 29,		December 31,
	2014		2013
	(millions of dollars)
Raw materials	$	99.9	$	35.1
Work-in-process		7.3		6.3
Finished goods		107.7		26.3
Packaging and supplies		28.6		21.5
Total inventories	$	243.5	$	89.2

Inventory balance at June 29, 2014 included $150.3 million of inventories relating to acquisition of business (discussed in Note 2).

- 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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