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Inventories (Tables)
6 Months Ended
Jun. 30, 2019
Inventory Disclosure [Abstract]  
Inventories
Inventories are valued at the lower of cost or market. Inventories at June 30, 2019 and December 31, 2018 consisted of the following:
 
June 30,
2019
 
December 31,
2018
Inventories carried at LIFO:
 
 
 
Finished goods
$
52.7

 
$
48.6

Raw materials, production parts and work-in-process
33.2

 
28.6

Excess of FIFO over LIFO cost(a)
(31.4
)
 
(31.2
)
Total LIFO inventories
54.5

 
46.0

Inventories carried at FIFO:
 

 
 

Finished goods
63.1

 
53.5

Raw materials, production parts and work-in-process
41.9

 
35.6

Total FIFO inventories
105.0

 
89.1

Total inventories
$
159.5

 
$
135.1