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Inventories

12 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

The components of inventories at December 31 were as follows:

			2020						2019
			(Dollars in thousands)
Raw materials			$	270,066					$	286,953
Work-in-process			167,100						134,417
Finished goods			335,346						355,337
Other			14,610						12,793
			787,122						789,500
Adjustment to value inventory at cost on the LIFO method			(109,588)						(156,495)
			$	677,534					$	633,005

Inventories include $201.5 million and $152.6 million recorded on the FIFO method at December 31, 2020 and 2019, respectively, and $118.3 million and $112.9 million recorded on the average cost method at December 31, 2020 and 2019, respectively.

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

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