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INVENTORIES

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 7. INVENTORIES

Inventories consisted of the following:

			March 31, 2024						December 31, 2023						March 31, 2023
Inventories			($ in millions)
Supplies			$	146.7					$	160.3					$	140.0
Raw materials			188.2						171.1						193.5
Work in process			160.8						153.5						211.4
Finished goods			473.9						507.6						721.8
Inventories excluding LIFO reserve			969.6						992.5						1,266.7
LIFO reserve			(145.7)						(133.7)						(176.8)
Inventories, net			$	823.9					$	858.8					$	1,089.9

Inventories under the LIFO method are based on annual estimates of quantities and costs as of year-end; therefore, the condensed financial statements at March 31, 2024 reflect certain estimates relating to inventory quantities and costs at December 31, 2024. The replacement cost of our inventories would have been approximately $145.7 million, $133.7 million and $176.8 million higher than reported at March 31, 2024, December 31, 2023 and March 31, 2023, respectively.

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- References

No definition available.

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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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