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Inventories (Tables)
3 Months Ended
Mar. 31, 2022
Inventory Disclosure [Abstract]  
Schedule of Inventories

Inventories consisted of the following (in millions):

 

 

March 31,

2022

 

 

December 31,

2021

 

Raw materials

 

$

1,021.0

 

 

$

984.4

 

Partially finished products

 

 

426.5

 

 

 

334.0

 

Finished products

 

 

254.2

 

 

 

239.7

 

Inventories at FIFO cost

 

 

1,701.7

 

 

 

1,558.1

 

Less: Excess of FIFO cost over LIFO cost

 

 

(173.8

)

 

 

(175.4

)

 

 

$

1,527.9

 

 

$

1,382.7