Inventories

9 Months Ended

Sep. 30, 2018

Inventory Disclosure [Abstract]

Inventories

7. INVENTORIES

Inventories are stated at the lower of cost (principally FIFO) and net realizable value. The components of inventories for the continuing operations were as follows (dollars in millions):

	As of
	September 30, 2018			December 31, 2017
Raw materials	$	377.2		$	333.2
Work in progress		283.5			263.8
Finished products		178.8			187.9
Inventories	$	839.5		$	784.9
Inventory valuation reserve		(80.8	)		(80.6	)
Total inventories, net of reserve	$	758.7		$	704.3