Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
 3 Months Ended
Jul. 02, 2022
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
(In thousands) June 2022 March 2022 June 2021
Finished products $ 2,277,145  $ 1,353,483  $ 1,139,926 
Work-in-process 49,002  50,774  53,202 
Raw materials 15,248  14,416  23,690 
Total inventories $ 2,341,395  $ 1,418,673  $ 1,216,818 
During the three months ended June 2022, the Company modified terms with the majority of its suppliers to take ownership of inventory near point of shipment rather than destination. Finished products included $621.5 million, $67.7 million and $73.4 million of in-transit inventory as of June 2022, March 2022 and June 2021, respectively.