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Inventories

9 Months Ended

Sep. 30, 2019

Inventory Disclosure [Abstract]

Inventories

6.

Inventories

Inventories are valued at the lower of cost or market. Inventories at September 30, 2019 and December 31, 2018 consisted of the following:

	September 30, 2019				December 31, 2018
Inventories carried at LIFO:
Finished goods	$	54.1			$	48.6
Raw materials, production parts and work-in-process	35.4				28.6
Excess of FIFO over LIFO cost(a)	(32.0		)		(31.2		)
Total LIFO inventories	57.5				46.0
Inventories carried at FIFO:
Finished goods	60.3				53.5
Raw materials, production parts and work-in-process	43.1				35.6
Total FIFO inventories	103.4				89.1
Total inventories	$	160.9			$	135.1

^(a)  

Inventories of $57.5 million as of September 30, 2019, and $46.0 million as of December 31, 2018, were valued at LIFO. The difference between replacement cost and the stated LIFO inventory value is not materially different from the reserve for the LIFO valuation method.

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

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