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Inventories

12 Months Ended

Dec. 31, 2012

Inventory, Finished Goods and Work in Process, Gross [Abstract]

Inventories consisted of the following:



(In millions)	December 31,
	2012			2011
Raw materials	$	188.4		$	138.7
Work in process	146.4			126.7
Finished goods	788.8			594.4
Gross inventories before LIFO reserves and valuation adjustments	1,123.6			859.8
LIFO reserves and valuation adjustments	(158.5		)	(147.6		)
Inventory, net	$	965.1		$	712.2

Net inventories accounted for under the LIFO method totaled $342.2 million and $244.7 million at December 31, 2012 and 2011, respectively. The current replacement costs of LIFO inventories exceeded their recorded values by $88.7 million and $83.9 million at December 31, 2012 and 2011, respectively. There were no reductions to the base LIFO inventory in 2012, 2011 or 2010.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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