Inventories (Tables)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Schedule of Inventories

Included in Inventories were the following:

	2023		2022		2021
Finished goods	$	1,810.9	$	1,957.7	$	1,378.8
Work in process and raw materials	518.9		668.8		548.4
Inventories	$	2,329.8	$	2,626.5	$	1,927.2

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.

	2023			2022			2021
Percentage of total inventories on LIFO	74		%	74		%	70		%
Excess of FIFO over LIFO	$	668.0		$	792.7		$	593.0