XML 45 R10.htm IDEA: XBRL DOCUMENT

Inventories

12 Months Ended

Dec. 31, 2011

3. Inventories

Inventories consist of the following:


	December 31,
	2011		2010
Raw materials—
Plates and Shapes	$	151.4	$	138.6
Flat Rolled and Non-Ferrous		198.5		108.3
Building Products		4.7		5.4

Total raw materials		354.6		252.3

Work-in-process and finished goods—
Flat Rolled and Non-Ferrous		38.8		29.3
Building Products		9.1		9.2

Total work-in-process and finished goods		47.9		38.5

Total inventories	$	402.5	$	290.8

We recorded write-downs of $53.4 for inventory lower of cost or market adjustments during the year ended December 31, 2009 in our metals service center business. We were not required to recognize any lower of cost or market adjustments during 2010 or 2011.

- 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.

+ References+ Details