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Inventories (Tables)
9 Months Ended
Sep. 30, 2022
Inventory Disclosure [Abstract]  
Schedule of Inventories

Inventories consisted of the following (in millions):

 

 

September 30,
2022

 

 

December 31,
2021

 

Raw materials

 

$

1,119.1

 

 

$

984.4

 

Partially finished products

 

 

424.2

 

 

 

334.0

 

Finished products

 

 

316.8

 

 

 

239.7

 

Inventories at FIFO cost

 

 

1,860.1

 

 

 

1,558.1

 

Less: Excess of FIFO cost over LIFO cost

 

 

(190.4

)

 

 

(175.4

)

 

 

$

1,669.7

 

 

$

1,382.7