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Inventories

12 Months Ended

Dec. 31, 2017

Inventories

4. Inventories

December 31 (dollars in millions)		2017				2016
Finished products		$	134.6			$	114.1
Work in process			18.3				13.0
Raw materials			160.5				142.4
Inventories, at FIFO cost			313.4				269.5
LIFO reserve			(22.2	)			(18.4	)
		$	291.2			$	251.1

The Company recognized after-tax LIFO (income) expense of $(0.3) million, $0.3 million and $1.1 million in 2017, 2016 and 2015, respectively.

X

- 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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

+ Details

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