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Inventories (Tables)
12 Months Ended
Dec. 31, 2018
Inventories  
Schedule of inventories

 

 

 

 

 

 

 

December 31,

 

December 31,

 

2018

    

2017

 

(in millions)

LIFO inventories - cost on FIFO method

$

1,737.3

 

$

1,390.0

Cost on FIFO method higher than LIFO value

 

(293.6)

 

 

(21.8)

Inventories - stated on LIFO method

 

1,443.7

 

 

1,368.2

Inventories - stated on FIFO method

 

373.4

 

 

357.8

 

$

1,817.1

 

$

1,726.0

 

Schedule of changes in the LIFO valuation reserve and impact of LIFO liquidations

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2018

 

2017

 

2016

 

(in millions)

LIFO inventory valuation reserve adjustment charge (income)

$

271.8

 

$

73.3

 

$

(8.5)

Liquidation of LIFO inventory quantities that increased cost of sales

 

**

 

 

**

 

 

**


** Insignificant liquidations of LIFO inventory quantities.