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Inventories
12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Inventories

D.

INVENTORIES

Inventories include the following:

 

At December 31,

 

2022

 

 

2021

 

Finished products

 

$

871.8

 

 

$

676.0

 

Work in process and raw materials

 

 

1,327.0

 

 

 

1,300.0

 

 

 

$

2,198.8

 

 

$

1,976.0

 

 

In the first quarter of 2022, the Company changed the method of accounting for its U.S. inventories from last-in-first-out (LIFO) to first-in-first-out (FIFO) and all prior periods have been restated.