Inventories (Tables)

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Inventories

Inventories are valued at the lower of cost or net realizable value. Inventories at June 30, 2020 and December 31, 2019 consisted of the following:

	June 30, 2020			December 31, 2019
Inventories carried at LIFO:
Finished goods	$	53.0		$	50.9
Raw materials, production parts and work-in-process	26.0			32.5
Excess of FIFO over LIFO cost(a)	(31.6		)	(33.4		)
Total LIFO inventories	47.4			50.0
Inventories carried at FIFO:
Finished goods	62.9			60.1
Raw materials, production parts and work-in-process	39.6			40.0
Total FIFO inventories	102.5			100.1
Total inventories	$	149.9		$	150.1