INVENTORIES |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INVENTORIES | INVENTORIES
Net inventories in the amount of $896.9 million at December 30, 2017 and $662.8 million at December 31, 2016 were valued at the lower of LIFO cost or market. If the LIFO method had not been used, inventories would have been $2.9 million lower than reported at December 30, 2017 and $11.3 million higher than reported at December 31, 2016. In the first quarter of 2017, the Company acquired inventory with estimated fair values of $195.8 million and $15.7 million related to the Newell Tools and Craftsman brand acquisitions, respectively. Refer to Note E, Acquisitions, for further discussion of these acquisitions. |