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Note 6 - Inventories
9 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Inventory Disclosure [Text Block]

6.

Inventories

 

Inventories are valued at the lower of cost or net realizable value and consisted of the following:

 

  

September 30,

  

December 31,

 
  

2021

  

2020

 

Inventories carried at LIFO:

        

Finished goods

 $51.4  $42.4 

Raw materials, production parts and work-in-process

  37.1   21.6 

Excess of FIFO over LIFO cost(a)

  (38.3)  (31.4)

Total LIFO inventories

 $50.2  $32.6 

Inventories carried at FIFO:

        

Finished goods

 $55.1  $55.0 

Raw materials, production parts and work-in-process

  53.0   40.1 

Total FIFO inventories

 $108.1  $95.1 

Total inventories

 $158.3  $127.7 

 

(a) The difference between replacement cost and the stated LIFO inventory value is not materially different from the reserve for the LIFO valuation method.