Inventories

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories

6.

Inventories

Inventories as of December 31 consisted of the following:

	2019			2018
Inventories carried at LIFO:
Finished goods	$	50.9		$	48.6
Raw materials, production parts and work-in-process	32.5			28.6
Excess of FIFO over LIFO cost (a)	(33.4		)	(31.2		)
Total LIFO inventories	$	50.0		$	46.0
Inventories carried at FIFO:
Finished goods	$	60.1		$	53.5
Raw materials, production parts and work-in-process	40.0			35.6
Total FIFO inventories	$	100.1		$	89.1
Total inventories	$	150.1		$	135.1

^(a) Inventories of $50.0 as of December 31, 2019, and $46.0 as of December 31, 2018, were valued at LIFO. The difference between replacement cost and the stated LIFO inventory value is not materially different from the reserve for the LIFO valuation method.