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Inventories

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories as of December 31 consisted of the following:

			2023						2022
Inventories carried at LIFO:
Finished goods(a)			$	74.7					$	85.0
Raw materials and work-in-process			38.5						46.4
Excess of FIFO over LIFO cost(b)			(47.7)						(49.7)
Total LIFO inventories			$	65.5					$	81.7
Inventories carried at FIFO:
Finished goods(a)			$	52.8					$	68.9
Raw materials and work-in-process			57.6						56.0
Total FIFO inventories			$	110.4					$	124.9
Total inventories			$	175.9					$	206.6

(a)Finished goods include machines, parts and consumables and component parts that are used in our products.

(b)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
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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