Inventories, net

3 Months Ended

Mar. 31, 2023

Inventory, Net, Items Net of Reserve Alternative [Abstract]

Inventories, net

Inventories, net

Inventories, net consists of the following (in millions):

	March 31, 2023		December 31, 2022
Raw material	$	315.9	$	302.8
Work-in-process	175.2		161.7
Finished goods	474.0		463.2
Subtotal	965.1		927.7
Excess of FIFO over LIFO cost basis	(185.5)		(187.0)
TOTAL	$	779.6	$	740.7