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Inventories (Tables)
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Schedule of Inventories
The following table presents the components of the Company’s inventory balances:
(dollars in millions)June 30,
2024
December 31, 2023
Finished products$215.1 $177.7 
Work in process48.4 44.2 
Raw materials329.1 322.6 
Inventories, at FIFO cost592.6 544.5 
LIFO reserve(47.9)(47.1)
Inventories, at LIFO cost$544.7 $497.4