Inventories (Tables)

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Schedule of Inventories

Included in Inventories were the following:

	2022		2021		2020
Finished goods	$	1,957.7	$	1,378.8	$	1,427.6
Work in process and raw materials	668.8		548.4		376.5
Inventories	$	2,626.5	$	1,927.2	$	1,804.1

The following table summarizes the extent to which the Company’s Inventories use the LIFO cost method, and presents the effect on Inventories had the Company used the first-in, first-out (FIFO) inventory valuation method.

	2022			2021			2020
Percentage of total inventories on LIFO	74		%	70		%	72		%
Excess of FIFO over LIFO	$	792.7		$	593.0		$	312.1