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Inventories (Tables)
12 Months Ended
Dec. 31, 2022
Inventories  
Schedule of inventories

December 31,

December 31,

2022

    

2021

(in millions)

LIFO inventories - cost on FIFO method

$

2,257.9

$

2,498.2

Cost on FIFO method higher than LIFO value

(743.8)

(820.4)

Inventories - stated on LIFO method

1,514.1

1,677.8

Inventories - stated on FIFO method

481.2

387.2

$

1,995.3

$

2,065.0

Schedule of changes in the LIFO valuation reserve

Year Ended December 31,

2022

    

2021

    

2020

(in millions)

LIFO inventory valuation reserve (income) expense

$

(76.6)

$

704.8

$

(22.0)