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Inventories (Tables)
6 Months Ended
Jun. 30, 2011
Inventories  
Schedule of the components of inventories

 

 

 

 

June 30,

 

December 31,

 

(in millions)

 

2011

 

2010

 

Inventories — gross:

 

 

 

 

 

Raw materials

 

$

276.9

 

$

224.0

 

Work-in-process

 

188.8

 

119.8

 

Finished goods

 

381.9

 

324.5

 

Total inventories — gross

 

847.6

 

668.3

 

Excess and obsolete inventory reserve

 

(81.7

)

(80.3

)

Net inventories at FIFO cost

 

765.9

 

588.0

 

Excess of FIFO costs over LIFO value

 

(31.0

)

(31.0

)

Inventories — net

 

$

734.9

 

$

557.0