Inventories (Tables)

6 Months Ended

Jun. 30, 2025

Inventories

Schedule of inventories

Inventories consist of the following (in millions):

	June 30, 2025						December 31, 2024
			Supply and						Supply and
	Titled		Offtake				Titled		Offtake
	Inventory		Agreements (1)		Total		Inventory		Agreements (1)		Total
Raw materials	$	52.1	$	26.5	$	78.6	$	45.3	$	29.7	$	75.0
Work in process		79.9		18.8		98.7		63.8		33.7		97.5
Finished goods		156.8		36.4		193.2		160.3		83.5		243.8
	$	288.8	$	81.7	$	370.5	$	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.