Inventories. Sugar inventories are stated at the lower of cost (first-in, first-out basis) or market value. Materials and supplies and Materials and Construction segment inventory are stated at the lower of cost (principally average cost, first-in, first-out basis) or market value.

Inventories at June 30, 2015 and December 31, 2014 were as follows (in millions):



	June 30, 2015		December 31, 2014
Sugar inventories	$	17.2	$	23.3
Work in process - sugar	17.2		—
Asphalt	14.3		21.3
Processed rock, portland cement, and sand	13.3		15.7
Work in process	3.2		2.8
Retail merchandise	1.6		1.5
Parts, materials and supplies inventories	13.0		17.3
Total	$	79.8	$	81.9