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Inventories

9 Months Ended

Sep. 30, 2014

4. INVENTORIES

The components of inventory, net of reserves, were:

	September 30,		December 31,
In thousands	2014		2013
Raw materials	$	192,042	$	165,906
Work-in-progress		155,574		137,449
Finished goods		141,437		99,874
Total inventories	$	489,053	$	403,229

- 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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