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Note 6 - Inventories
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Inventory Disclosure [Text Block]
 

6.

Inventories

 

Inventories as of December 31 consisted of the following:

 

  

2020

  

2019

 

Inventories carried at LIFO:

        

Finished goods

 $42.4  $50.9 

Raw materials, production parts and work-in-process

  21.6   32.5 

Excess of FIFO over LIFO cost(a)

  (31.4)  (33.4)

Total LIFO inventories

 $32.6  $50.0 
         

Inventories carried at FIFO:

        

Finished goods

 $55.0  $60.1 

Raw materials, production parts and work-in-process

  40.1   40.0 

Total FIFO inventories

 $95.1  $100.1 

Total inventories

 $127.7  $150.1 

 

 

(a)

Inventories of $32.6 million as of December 31, 2020, and $50.0 million as of December 31, 2019, 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.