Inventories - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Inventory, Finished Goods, Net of Reserves	$ 453.5	$ 395.9
Inventory, Work in Process, Net of Reserves	35.2	39.2
Inventory, Raw Materials and Purchased Parts, Net of Reserves	448.1	471.5
Total manufactured inventories	936.8	906.6
LIFO reserve	(94.9)	(90.9)
Total inventory	$ 841.9	$ 815.7
Percentage of LIFO Inventory	52.00%	49.00%
Percentage of LIFO Inventory	52.00%	49.00%

The amount of FIFO (first in first out) inventory present at the reporting date when inventory is also valued using different valuation methods.

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- Definition

Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.

+ References

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- Definition

Amount by which inventory stated at last-in first-out (LIFO) is less than (in excess of) inventory stated at other inventory cost methods.

+ References

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- Definition

Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

+ References

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-Topic 852
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Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of items purchased for use as components of a finished product or pieces of machinery and equipment plus any items in their natural and unrefined state. This element may be used when the reporting entity combines raw materials and purchased parts into an aggregate amount.

+ References

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Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

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- Definition

The percentage of LIFO (last in first out) inventory to total inventory as of the balance sheet date if other than 100 percent.

+ References

No definition available.

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