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Inventories

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories

The following table presents the components of the Company’s inventory balances:

(dollars in millions)			September 30, 2024						December 31, 2023
Finished products			$	215.4					$	177.7
Work in process			47.8						44.2
Raw materials			341.2						322.6
Inventories, at FIFO cost			604.4						544.5
LIFO reserve			(49.5)						(47.1)
Inventories, at LIFO cost			$	554.9					$	497.4

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- References

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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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