Inventories (Tables)

3 Months Ended

Mar. 31, 2025

Inventories

Schedule of inventories

Inventories consist of the following (in millions):

	March 31, 2025						December 31, 2024
			Supply and						Supply and
	Titled		Offtake				Titled		Offtake
	Inventory		Agreements (1)		Total		Inventory		Agreements (1)		Total
Raw materials	$	61.8	$	18.7	$	80.5	$	45.3	$	29.7	$	75.0
Work in process		72.4		27.1		99.5		63.8		33.7		97.5
Finished goods		165.2		44.2		209.4		160.3		83.5		243.8
	$	299.4	$	90.0	$	389.4	$	269.4	$	146.9	$	416.3

(1) Amounts represent LIFO value and do not necessarily represent the value at which the inventory was sold. Please read Note 8 — “Inventory Financing Agreements” for further information.