Inventories (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Inventories

The following table presents the components of the Company’s inventory balances:

(dollars in millions)
	March 31, 2020			December 31, 2019
Finished products	$	142.8		$	136.8
Work in process		21.6			21.7
Raw materials		171.7			168.3
Inventories, at FIFO cost		336.1			326.8
LIFO reserve		(23.8	)		(23.8	)
Net inventory	$	312.3		$	303.0