Inventories (Tables)

3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

Components of Net Inventories

Net inventories as of March 31, 2020 and December 31, 2019 are summarized in the table below:

	March 31, 2020		December 31, 2019
(Dollars in millions)
Raw materials	$	235.1	$	232.0
Work in process		9.2		12.0
Finished goods		94.6		107.8
	$	338.9	$	351.8
Less revaluation to LIFO		62.7		63.3
Net(a)	$	276.2	$	288.5

(a) Net inventories excludes $5.5 million and $10.6 million of discontinued operations assets held for sale related to our KJCC business at March 31, 2020 and December 31, 2019, respectively.