XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.26.1

Inventories | 6 Months Ended
--- | ---
Jun. 30, 2026
Inventory Disclosure [Abstract] |
Inventories | Note 8 - Inventories The components of inventories at June 30, 2026 and December 31, 2025 were as follows:
| June 30, 2026 |  | December 31, 2025
Manufacturing supplies | $ | 47.4 |  |  | $ | 44.0 |
Raw materials | 159.3 |  |  | 147.1 |
Work in process | 515.8 |  |  | 509.6 |
Finished products | 617.8 |  |  | 634.5 |
Subtotal | 1,340.3 |  |  | 1,335.2 |
Allowance for obsolete and surplus inventory | (91.2) |  |  | (91.9) |
Total inventories, net | $ | 1,249.1 |  |  | $ | 1,243.3 |
Inventories are valued at net realizable value, with approximately 57% valued on the first-in, first-out ("FIFO") method and the remaining 43% valued on the last-in, first-out ("LIFO") method. The majority of the Company's U.S. inventories are valued on the LIFO method. The Company's non-U.S. inventories are valued on the FIFO method. The LIFO reserve as of June 30, 2026 and December 31, 2025 was $329.1 million and $312.0 million, respectively. An actual valuation of the inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on current inventory levels and costs. Because these calculations are subject to many factors beyond management’s control, annual results may differ from interim results as they are subject to the final year-end LIFO inventory valuation.

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration