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Inventories
3 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
Inventories

NOTE D - Inventories

Inventories are stated at the lower of cost or net realizable value. Cost of inventories is determined principally by the first-in, first-out (FIFO) method.

Inventories include the following:

 

 

 

March 31

 

 

December 31

 

 

 

2024

 

 

2023

 

Finished products

 

$

1,167.3

 

 

$

1,084.0

 

Work in process and raw materials

 

 

1,575.3

 

 

 

1,492.7

 

 

$

2,742.6

 

 

$

2,576.7