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Inventories (Notes)

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

3. INVENTORIES

We state our inventories at the lower of cost or net realizable value. The cost of our inventories is determined using the first-in first-out method. When we determine that our gross inventories exceed usage requirements, or if inventories become obsolete or otherwise not saleable, we record a provision for such loss as a component of our inventory accounts.

Inventories consist of the following:

						June 30, 2023						December 31, 2022
						(in millions)
Raw materials and work-in-progress						$	423.5					$	398.9
Finished goods						88.0						92.5
Gross inventories						511.5						491.4
Inventory valuation reserves						(34.4)						(27.5)
Inventories, net						$	477.1					$	463.9

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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