Note 6 - Inventories

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Inventory Disclosure [Text Block]

6. Inventories

Inventories as of December 31 consisted of the following:

	2021			2020
Inventories carried at LIFO:
Finished goods(a)	$	54.0		$	42.4
Raw materials and work-in-process		42.4			21.6
Excess of FIFO over LIFO cost(b)		(43.0	)		(31.4	)
Total LIFO inventories	$	53.4		$	32.6
Inventories carried at FIFO:
Finished goods(a)	$	53.8		$	55.0
Raw materials and work-in-process		53.4			40.1
Total FIFO inventories	$	107.2		$	95.1
Total inventories	$	160.6		$	127.7

(a)	Finished goods include machines, parts and consumables and component parts that are used in our products.
(b)	The difference between replacement cost and the stated LIFO inventory value is not materially different from the reserve for the LIFO valuation method.