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Inventories
 12 Months Ended
Dec. 31, 2016
Inventory Disclosure [Abstract]  
Inventories

C.     INVENTORIES

        

 

Inventories include the following:

 

  

At December 31,

                 2016                       2015  

Finished products

    $ 452.3      $ 443.6   

Work in process and raw materials

      444.7        528.9   
  

 

 

    

 

 

  
     897.0        972.5   

Less LIFO reserve

      (169.2 )      (176.0 ) 
  

 

 

    

 

 

  
   $ 727.8      $ 796.5   
  

 

 

    

 

 

  
Inventories valued using the LIFO method comprised 49% and 52% of consolidated inventories before deducting the LIFO reserve at December 31, 2016 and 2015, respectively.