Inventories

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

Inventories

8. 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
	March 31, 2019			December 31, 2018
Raw materials	$	359.4		$	370.9
Work in progress		282.7			277.4
Finished products		184.0			194.7
Inventories		826.1			843.0
Inventory valuation reserve		(85.0	)		(85.1	)
Total inventories, net of reserve	$	741.1		$	757.9