Supplementary Financial Statement Information (Notes)

3 Months Ended

Mar. 31, 2016

Supplementary Financial Statement Information

Inventory, net

Inventories as of March 31, 2016 and December 31, 2015, are presented below:



	March 31, 2016			December 31, 2015
Finished and semi-finished	$	871.6		$	996.5
Raw materials	365.2			410.0
Total cost	1,236.8			1,406.5
Adjustment to state inventories at LIFO value	(167.9		)	(180.2		)
Inventory, net	$	1,068.9		$	1,226.3

Facility Idling

In the fourth quarter of 2015, we temporarily idled the Ashland Works blast furnace and steelmaking operations (“Ashland Works Hot End”). We incurred charges during the fourth quarter of 2015 for supplemental unemployment and other employee benefit costs and for equipment idling and other costs. The supplemental unemployment and other employee benefit costs were recorded as accrued liabilities in the consolidated balance sheet, and the activity for the three months ended March 31, 2016 was as follows:



Balance at December 31, 2015	$	22.1
Payments	(4.9		)
Balance at March 31, 2016	$	17.2

We estimate we will incur on-going costs of approximately $2.0 to $3.0 per month for maintenance of the equipment, utilities and supplier obligations related to the temporarily idled Ashland Works Hot End. Costs of $7.3 were incurred in the first quarter of 2016.