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Inventories
6 Months Ended
Jun. 30, 2019
Inventory Disclosure [Abstract]  
Inventories

9.

Inventories

We value our raw materials, work in process, and finished goods inventories using lower of cost, as determined by the average cost method, or market. Supplies and materials are valued at the first-in, first-out (FIFO) or average cost methods.

The components of inventories were as follows (dollars in millions):

 

 

 

June 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Raw materials

 

$

303.5

 

 

$

307.8

 

Work in process

 

 

14.3

 

 

 

13.9

 

Finished goods

 

 

213.9

 

 

 

199.0

 

Supplies and materials

 

 

284.0

 

 

 

274.9

 

Inventories

 

$

815.7

 

 

$

795.6