Inventories (Tables)

3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

Inventories

Inventories are valued at the lower of cost or net realizable value. Inventories at March 31, 2020 and December 31, 2019 consisted of the following:

	March 31, 2020			December 31, 2019
Inventories carried at LIFO:
Finished goods	$	51.3		$	50.9
Raw materials, production parts and work-in-process	31.2			32.5
Excess of FIFO over LIFO cost(a)	(32.0		)	(33.4		)
Total LIFO inventories	50.5			50.0
Inventories carried at FIFO:
Finished goods	60.4			60.1
Raw materials, production parts and work-in-process	44.3			40.0
Total FIFO inventories	104.7			100.1
Total inventories	$	155.2		$	150.1